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Alliance to withhold Four Mile capex contribution

By: Esmarie Swanepoel The board of ASX-listed Alliance Resources on Thursday said it had made the decision not to contribute the 2015 capital expenditure planned for the Four Mile uranium project, in South Australia. Earlier this month, Alliance lodged a grievance with the Supreme Court of Australia against joint... 

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO

By: Esmarie Swanepoel Diversified miner BHP Billiton CEO Andrew Mackenzie said on Thursday that the miner was investigating heap leaching opportunities at the Olympic Dam operation, in South Australia, as a gateway to expansion. Speaking at the company’s annual general meeting, Mackenzie told shareholders that heap... 

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO
Photo by Bloomberg
BHP CEO Andrew Mackenzie

KBL questions motives behind Kidman’s board spill attempt

By: Esmarie Swanepoel ASX-listed KBL Mining has questioned the motives behind shareholder and lender Kidman Resources’ call to have the entire KBL board removed. Kidman earlier this week called for a KBL shareholder meeting after KBL chairperson Jim Wall adjourned the company’s annual general meeting (AGM). Kidman... 

Guildford closer to BNU production

By: Esmarie Swanepoel Takeover target Guildford Coal on Thursday told shareholders that its Baruun Noyon Uul (BNU) mine, in Mongolia, would start production following the successful completion of the trial batches of coal. Previously known as the North pit, BNU forms part of Guildford’s South Gobi project, and has a... 

Groundwork starts at fire-battered Windimurra

By: Esmarie Swanepoel Foundation work has started at the scarred Windimurra vanadium project, in Western Australia, with owner Atlantic reporting that the reconstruction of the fire-damaged beneficiation plant would be completed by February. Vanadium production at Windimurra has been suspended since February this... 

AusAmerican raises cash for Chinese buy

By: Esmarie Swanepoel Explorer AusAmerican Mining this week announced plans to raise up to A$60-million through a bond offering in order to fund its acquisition of a majority share in Chinese company Shenglong International Investments. The first A$30-million would be raised through the first tranche of the note... 

Batangas keeps delivering for Red Mountain

By: Esmarie Swanepoel Gold developer Red Mountain Mining on Thursday revealed that its Batangas project, in Manila, could deliver some A$52-million in operating cash flow during the first 5.2 years of operation. Red Mountain was in the midst of compiling a definitive feasibility study (DFS), which in September... 

Sandfire halts underground mining at DeGrussa

By: Esmarie Swanepoel Copper miner Sandfire Resources on Thursday confirmed that it had temporarily suspended development of the Conductor 4/5 decline at its DeGrussa mine, in Western Australia, due to increased water flows. The miner said in a statement that the increased water flows occurred at the location of... 

Nuclear metal hafnium price hits record high

By: Reuters The price of nuclear and aerospace metal hafnium has surged to an all-time high as shrinking supplies fail to catch up with demand from consuming industries, traders said. Producers had run down their existing stockpiles and any available material was being sold on a first-come-first-served... 

NZ billionaire sees hope in Australia iron-ore gloom

By: Reuters New Zealand's billionaire Todd family stepped up bets on Australia's beleaguered iron ore sector on Wednesday when iron ore prices slid to new five-year lows, boosting its stake in a company that aims to start producing in 2017. Todd Corp agreed to buy A$4.5-million ($3.9-million) in new shares... 

Tug boat engineers plan short strike at Australian iron-ore port

By: Reuters ug boat engineers at Port Hedland, Australia's biggest iron ore port, plan to hold a four-hour work stoppage on November 22, tug operator Teekay Shipping said, threatening exports from BHP Billiton and Fortescue Metals Group. The Australian Institute of Marine & Power Engineers (AIMPE) has given... 

Canada's Extractive Sector Strategy well received, expected to fuel prosperity of sector

By: Tracy Hancock The Canadian government has an important role to play in supporting both the global competitiveness of the Canadian mineral industry and its ability to contribute to the sustainable development of the societies in which it operates, said Prospectors & Developers Association of Canada (PDAC)... 

Rio Tinto’s Mt Thorley Warkworth extension endorsed for approval

By: Esmarie Swanepoel The New South Wales Department of Planning and Environment has endorsed mining giant Rio Tinto’s extension of its Mt Thorley Warkworth coal mine, subject to a number of stringent conditions. In June this year, Rio released a new planning application for the extension project, after the New South... 

New South Wales releases more details of CSG overhaul

By: Esmarie Swanepoel The New South Wales government has released more details regarding its proposed new gas plan, revealing this week that the Office of Coal Seam Gas (OCSG), within the Division of Resources and Energy, would be responsible for assessment of all coal seam gas (CSG) exploration applications. Last... 

Kidman seeks board overhaul at KBL

By: Esmarie Swanepoel ASX-listed Kidman Resources has called for a shareholder meeting of fellow listed KBL Mining to allow for a vote on the removal of the entire KBL board, after chairperson Jim Wall on Wednesday adjourned the company’s annual general meeting (AGM) until November 28. Kidman said that the AGM was... 

Energy security takes centre stage at Australia-India meeting

By: Esmarie Swanepoel Australian Prime Minister Tony Abbott and his Indian counterpart Narendra Modi have prioritised the resources sector as one of the key areas for shared commercial growth, following the G20 summit in Brisbane. In a joint statement this week, the two Prime Ministers noted that energy was a central... 

Energy security takes centre stage at Australia-India meeting

Altura announces coal spin-off

By: Esmarie Swanepoel Diversified junior Altura Mining this week announced that it would spin-out its coal assets into a new Singapore-based vehicle, which would be separately listed on the Catalist platform. Altura currently owns one-third of the Delta coal mine, in East Kalimantan, as well as a 70% stake in the... 

MZI awards EPC contract at Keysbrook

By: Esmarie Swanepoel Mineral sands developer MZI Resources has executed a A$54.6-million engineering, procurement and construction contract for its Keysbrook project, in Western Australia, with project house GR Engineering Services. The contract was for the delivery of the Keysbrook mine site and an upgrade to the... 

Carbine scoping delivers results at Mount Morgan

By: Esmarie Swanepoel A scoping study by ASX-listed Carbine Resources into its Mount Morgan copper/gold project, in Queensland, has proven that the project was economically viable. Based on a one-million-tonne-a-year operation, with a mine life of about eight years, the Mount Morgan project was expected to deliver... 

Tremont takes bigger share in Cradle project

By: Esmarie Swanepoel Africa-focused Tremont Investments has acquired another 12.5% interest in ASX-listed Cradle Resources’ Panda Hill niobium project, in Tanzania. For the further payment of $5-million, Tremont had increased its stake in the project to 25%. 

Laconia faced with opposition at Peru project

By: Esmarie Swanepoel The share price of junior Laconia Resources dropped by 20% on Wednesday on news that the company was facing opposition at its Kimsa Orcoo copper-gold-silver project, in Peru. Laconia said on Wednesday that it had received notification of an appeal against a drilling approval at Kimsa Orcco. The... 

Ivanhoe platinum project prepares for site work resumption

By: Martin Creamer Preparations have begun for a resumption of site work at Ivanhoe’s platinum project near Mokopane in Limpopo province, with the construction of the initial production shaft of the planned underground mine the focal point of the first phase of development of an initiative that has been decades in... 

Ivanhoe platinum project prepares for site work resumption
Photo by Duane Daws
Ivanhoe's Robert Friedland

Copper companies strike optimistic note on medium-term prices

By: Reuters Copper prices could be held down by rising supply from mines in the next couple of years but are set to surge after that due to a dearth of monster projects and bottlenecks at refineries, senior executives at top copper producers said on Wednesday. Widely seen as a barometer for economic growth,... 

Value of miners’ lives must be recognised – Ramatlhodi

By: Anine Vermeulen It was a national duty to develop and implement policies and legislation that recognised the value of the lives of each one of the almost 500 000 mineworkers in South Africa, Mineral Resources Minister Ngoako Ramatlhodi said at the 2014 Mine Occupational Health and Safety Summit on Tuesday.... 

Environmental nod for Mount Bruce’s 70Mt/y iron-ore mine

By: Esmarie Swanepoel The Western Australia Environmental Protection Authority (EPA) has given its blessing to Rio Tinto subsidiary Mount Bruce Mining to develop the Koodaideri iron-ore mine and related infrastructure. The Koodaideri project was expected to deliver about 70-million tonnes of iron-ore per year, over a... 

Landmark Oz-China free trade deal wins praise from resources sector

By: Esmarie Swanepoel A jubilant Australian resources sector has welcomed the federal government’s signing of a free trade agreement (FTA) with China. Australian Prime Minister Tony Abbot on Monday inked a landmark free trade agreement with China’s President Xi Jinping, following the G20 meeting in Brisbane. 

Landmark Oz-China free trade deal wins praise from resources sector

Potential funding lined up for West Pilbara iron-ore project

By: Esmarie Swanepoel China’s Baosteel and its partner Aurizon have signed a memorandum of understanding (MoU) with Australian financial institution ANZ and the China Development Bank for the potential development of the West Pilbara iron-ore project. Baosteel and freight transporter Aurizon acquired the West Pilbara... 

Alcyone calls in administrators as it fails to raise cash

By: Esmarie Swanepoel Struggling silver miner Alcyone Resources has been forced to appoint administrators, after failing to raise cash. In December last year, Alcyone signed a A$25-million financing deal with global hedge fund Platinum Partners, and has also agreed to a A$5-million buy of the Red Arrow mine, in the US. 

Sphere looks to demobilise Askaf contractors

By: Esmarie Swanepoel The ASX-listed subsidiary of Glencore, Sphere Minerals, this week told shareholders that it would demobilise its construction contractor and sub-contractors at its Askaf iron project, in Mauritania. The demobilisation of the contractors was pending on the results of a review launched in October... 

IMX completes Mt Woods sale

By: Esmarie Swanepoel Dual-listed IMX Resources on Tuesday reported that the sale of its Mt Woods tenements would likely be finalised before the end of the month, after all conditions precedent to the sale were satisfied. In September this year, IMX Resources has agreed to sell its Mt Woods tenements, in South... 

Blackthorn given mining licence over Kitumba

By: Esmarie Swanepoel Zambia-focused Blackthorn Resources has been granted a mining lease for its Kitumba copper project, satisfying a key condition of a takeover by fellow-listed Intrepid Mines. “This is a significant milestone for Blackthorn Resources and confirms the support of the Zambian government for the... 

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