doing fifo financially smart
Home!>Directory!>Mining Companies!>Mincor Resources

Mincor Resources

Mincor Resources Sites

Underground MetalsStateStatus

Carnilya HillWAactive
Otter JuanWAactive

During 2000 Mincor bid and won the Miitel Nickel Mine and associated tenements after arranging debt and equity financing of $29 million. The deal was with WMC Resources and was signed on 21 November 2000, by February 2001 the acquisition was complete and just 4 months later Mincor had produced a full year profit before tax of over $4million.

Following in July 2001, the bid for WMC's Wannaway Nickel Mine was won and settlement occurred in September 2001. This making Mincor a two mine company with 10,000 tonnes p/a of nickel production and the second largest nickel sulphide producer in Australia.

Mincor now owns 100% of the Miitel, Mariners and McMahon mines in the Kambalda district as well as numerous other exploration and resource projects.

By the end of 2005 expansion of operations had seen 3 new mines, North Miitel, Mariners and Redross underway with an additional 41,000 tonnes of nickel metal.

Following years saw growth with Carnilya Hill and Otter Juan, both generating surplus of tens of millions of dollars. Today Mincor is a debt free company after 12 years of successful production and paying out dividends to shareholders. Mincor is one of Australia's most successful mining companies.

Click here to claim this listing or remove Ads

Level 1 56 Ord StreetWest Perth WA 6005
Phone: 08 9476 7200 Fax: 08 9321 8994


Please choose hammer

Send Message

We are waiting for images from Mincor Resources

Mincor Resources is not advertising Plant for Hire

If this is your company hire click here to update this page

Y Fronts teaser bannerDowner Group MiningLink prefered resume writers Civil Link Banner
3 month contract with a view for extension

Production Operator Oce
Lifestyle Roster (5/4,4/5,5/5) Residential role An opportunity to join a diverse and inclusive leading edge business

Riggers Fifo
Seeking Perth based experienced Advanced and Intermediate Riggers for FIFO shutdown and maintenance work in the Pilbara.

Hc Mc Truck Drivers
Bis Industries is seeking MC Drivers and HC Drivers to upgrade to MC Driver roles commencing at Gunnedah on a Monday to Friday roster.

Maintenance Planner Blackwater
Permanent role Residential position 5/2 roster (Monday - Friday)

Second Hand Mining, Civil Equipment Up 41 Per Cent As Industry Recovers
In a sign of the recovery underway in the mining industry, an index of Australia's second-hand mining and civil fleet has found it has increased in value by 41%. Read Full Story Here

BREAKING: Bowen Basin Miners Take Industrial Action
Miners at Oaky North Mine have taken industrial action after the union and Glencore failed to reach agreement on a new deal. Read Full Story Here

Dozens Dead From Iranian Coal Mine Blast
An explosion in a coal mine in northern Iran killed at least 35 workers and injured scores more, state media reported. The blast occurred in the Zemestanyurt mine on Wednesday afternoon when ....

Iron Road Project Approved For South Australia's Eyre Peninsula
A $4.5 billion mining project that will create nearly 2,000 jobs during construction has been approved in South Australia. Iron Road has received a mining lease and development approval for the ....

Northern Territory Government Grants Licence For Gas Pipeline To Run From Tennant Creek To Mt Isa
The Northern Territory Resources Minister Ken Vowles has approved a pipeline licence for the Northern Gas Pipeline between Mount Isa and Tennant Creek. Read Full Story Here