Grange Resources

GRANGE Resources is eyeing a significant increase in the scale and cost of its proposed $2 billion Southdown magnetite project near Albany to offset the negative impact of the Rudd government’s planned resource super profits tax.

Magnetite producer Grange Resources has secured a 107 per cent interim price increase for iron ore pellets sold to BlueScope Steel.

IRON ore miner Grange Resources has disposed of two non-core assets so it can focus on its main business in Western Australia and Tasmania.

Grange Resources has announced a slump in its 2010 full year net profit to $42.2 million down from $86 million for the previous corresponding period.

Grange Resources says the approval for the Albany Port Expansion Project is a significant milestone for the development of the company's Southdown magnetite project.

Perth-based iron ore miner Grange Resources has signed an agreement with Shree Minerals which it says will pave the way towards increasing its Tasmanian iron ore pellet production by 150,000 to 300,000 tonnes per annum.

Grange Resources has put a $2.9 billion price tag on its Southdown magnetite project near Albany and says it expects to make a final investment decision by the end of this year.

Grange Resources is seeking to sell a 30 per cent stake in its $2.57 billion Southdown iron ore project near Albany, and has appointed Deutsche Bank to assist with the process.

Grange Resources has appointed former Jupiter Mines and Portman boss Richard Mehan as its new chief executive.Mr Mehan takes the helm at Grange from Russell Clark, whose resignation will be effective from September 15.Mr Clark held the chief executive position since 2008.

At the very end of an extraordinary week, a late announcement from an unlikely source – Transport Minister Troy Buswell – gave one of the few clear signals about future growth in the mining sector.

Iron ore miner Grange Resources has become the latest miner to report it will be unaffected by the federal government’s mineral resource rent tax, after reporting a solid net profit for the half year ended June 30.

Grange Resources has announced it will dramatically reduce spending and slash jobs at its Southdown magnetite iron ore project near Albany, the latest victim of continued uncertainty in commodities circles.

The upheaval of recent months has obscured the record investment in the resources sector and the big growth in production coming in future years.

IT’S easy to get excited about what’s happening in the fast-moving world of currency values but it’s wrong to describe what’s happening as a ‘war’, because it’s not; what’s going on is simply economics at work, and it’s telling a story of changes in the wealth of nations.

Grange Resources says it is still committed to its Southdown iron ore project near Albany, despite announcing yesterday it would close its Perth office and move its administrative operations to Tasmania without managing director Richard Mehan.

Grange Resources managing director Richard Mehan has stepped down, following the company's decision to close its Perth office and move administrative operations to Tasmania, where its mining operation is based.Chief operating officer Wayne Bould has taken over the role.

Mining industry pundits bemoaning the end of the ‘boom’ will be pleasantly surprised to know that up to a dozen major projects could go ahead over the coming year.

Grange Resources has maintained dividend payments to shareholders despite a massive fall in net profit for the six months to June 30.

Eight Western Australia-based resources sector firms have been removed from the list of Australia's top 300 companies, providing further evidence that the slowdown in mining activity is hurting WA stocks.

Humphrey Hale has stepped down as managing director at Wolf Minerals Limited, while former Grange Resources managing director Russell Clark will take over the position effective today.

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Daniel Tenardi has joined the board of Grange Resources as a non-executive independent director following the resignation of deputy chairman Neil Chatfield, who has been with the company since 2009.

Investor interest in base metals stocks is rising, as iron ore process continue to slide south.

Magnetite producer Grange Resources has appointed Liming Huang to the board as an independent non-executive director.Mr Huang is a corporate and commercial lawyer and has been involved in a number of iron ore corporate transactions.

The recent travails of VW and Glencore provide a stark reminder of the limits of globalisation.

Up to 380 employees will be made redundant when Perth-based manganese miner Consolidated Minerals puts its Woodie Woodie mine in the Pilbara on care and maintenance next month.

Tin explorer Kasbah Resources has recruited former Wolf Minerals boss Russell Clark as its new chief executive.

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