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Etango heap leach plant construction on track

By: Creamer Media Reporter ASX-listed Bannerman Resources on Wednesday said the construction of its Etango heap leach demonstration plant, in Namibia, was on track for completion early in 2015. The activities completed since awarding the contracts in September included the establishment of the site infrastructure,... 

BHP misses out to China's Jinchuan on nickel pact

By: Reuters BHP Billiton's struggling Nickel West smelter in Australia lost out on a potential key supply source of nickel when rival Jinchuan Group of China signed a purchase agreement with an Australian miner. Australia's no. 3 nickel miner, Western Areas, on Wednesday said it reached a two-year agreement... 

Richland exits Tanzania, narrows focus on Australia

By: Natasha Odendaal A day after announcing that it had gained some control over illegal mining activities at its Tanzanian operations, Aim-listed Richland Resources has agreed to sell the embattled TanzaniteOne Mining Limited (TML) to Sky Associates for $5.1-million. The gemstone producer and developer, following a... 

JV nears completion of Agata nickel processing plant DFS

By: Creamer Media Reporter TSX-V- and Frankfurt-listed Mindoro Resources says its subsidiary, Agata Processing Inc (API), expects to complete a definitive feasibility study (DFS) for a nickel processing plant at the Agata project, in northern Mindanao, Philippines, by the end of this year. TVI Resource Development (TVIRD)... 

Decline in commodity prices puts brakes on resource projects

By: Esmarie Swanepoel The latest data from the Bureau of Resources and Economics (BREE) has revealed that the downward spiral in commodity prices has resulted in an increase in the number of resource projects either being delayed or deferred. BREE stated in its latest Resources and Energy Major Projects report that... 

Decline in commodity prices puts brakes on resource projects

WPG buys out JV partner in Tunkillia gold project

By: Esmarie Swanepoel Junior developer WPG Resources has taken full ownership of the Tunkillia gold project, in South Australia, after reaching an agreement with joint venture partner Helix Resources. WPG acquired a 70% shareholding in the Tunkillia project at the end of May this year, through a transaction with... 

Mount Gibson in trading halt over further pit slump

By: Esmarie Swanepoel Iron-ore miner Mount Gibson Iron on Wednesday went into a trading halt, after a further slump in the Main pit seawall, at its Koolan Island mine, in Western Australia, interrupted geotechnical repairs at the site. Last month, operations in the Main pit were temporarily suspended as a... 

Woodside adds more acreage in Africa

By: Esmarie Swanepoel Australian oil and gas major Woodside has again increased its foothold in Africa, announcing on Wednesday that it had entered into a contract for a reconnaissance licence offshore Morocco. The company told shareholders that it had entered into an exclusive contract with the national oil company... 

Triton completes Mozambique graphite project's scoping study

By: Esmarie Swanepoel A scoping study into ASX-listed Triton Minerals’ Nicada Hill graphite project, in Mozambique, has estimated that the project could support a production of 210 000 t/y of graphite concentrate. The scoping study was based on a 51-million-tonne indicated resource, grading 12.4% graphitic carbon,... 

Paladin raises A$50m

By: Esmarie Swanepoel Uranium miner Paladin Energy has completed an accelerated institutional component of its A$144-million entitlement offer, raising about A$50-million, with more than 86% of entitlements taken up. The dual listed miner said on Wednesday that the new shares, which were priced at 26c each, would... 

Cobre looks for lithium at Pilbara tenements

By: Esmarie Swanepoel ASX-listed Cobre Montana and fellow-listed Pilbara Minerals have executed a memorandum of understanding (MoU) to test the lithium carbonate potential in Pilbara’s Pilgangoora project, in Western Australia. Under the terms of the MoU, Cobre Montana will undertake a six-months study of the... 

RNI confirms funding talks for Grosvenor

By: Esmarie Swanepoel Gold hopeful RNI on Wednesday told shareholders that it had received various financing proposals for its Grosvenor project, in Western Australia. The company noted that the proposals included the financing required to bring the Grosvenor project into production, as well as to repay RNI’s... 

Productivity efforts fail to flow through to midtier bottom line

By: Esmarie Swanepoel A new study by advisory firm PwC has revealed that despite the Australian mining industry’s efforts to boost productivity, there has been little impact on the bottom line of midtier miners. In its eighth yearly analysis of the 50 biggest Australian mining companies with a market capitalisation... 

Kidman founder appeals to KBL shareholders to support board changes

By: Esmarie Swanepoel The founder and MD of ASX-listed Kidman Resources, Martin Donohue, has appealed to shareholders of fellow-listed KBL Mining to support a board spill, after revealing that Kidman would not consider extending A$12.6-million in debt if there were no board changes at KBL. Kidman earlier this month... 

WA economy to slow as resources sector shifts to operational phase

By: Esmarie Swanepoel The Western Australian economy was headed for a slowdown as the resources sector transitioned from a construction to an operational phase, the latest Quarterly Economic Brief from the Chamber of Energy and Minerals of Western Australia (CME) revealed on Tuesday. Deloitte Access Economics has... 

WA economy to slow as resources sector shifts to operational phase

Valence reopens South Australia graphite mine

By: Esmarie Swanepoel ASX-listed Valence Industries has officially re-opened its Uley graphite mine, in South Australia, and would restart production pending approval by the state government. The mine, which was placed on care-and-maintenance in 1993 due to market factors, currently contains about 360 000 t of... 

Early start at Syama plant, but further mining deferred

By: Esmarie Swanepoel Gold miner Resolute Mining on Tuesday announced that it was running ahead of schedule at the Syama gold operation, in Mali, after the oxide circuit was commissioned two months ahead of expectations. Wet commissioning of the carbon-in-leach section of the oxide circuit was completed in September,... 

Mayoko-Moussondji proves up for Equatorial

By: Esmarie Swanepoel A prefeasibility study (PFS) into ASX-listed Equatorial Resources’ Mayoko-Moussondji iron project, in the Republic of Congo, has revealed that the project could produce 2.5-million tonnes a year, over an initial eight-and-a-half-year mine life. The PFS estimated that the project would require a... 

Sinosteel Midwest gains community approval for Weld Range

By: Esmarie Swanepoel Iron-ore developer Sinosteel Midwest Corporation has gained the approval of the Wajarri Yamatji community for its Weld Range project, in the Mid West, following five years of negotiations. The Weld Range project was expected to produce about 15-million tonnes a year, once operational, and would... 

PLD confirms Admiral Bay potential

By: Esmarie Swanepoel ASX-listed PLD Corporation on Tuesday confirmed the potential of the newly acquired Admiral Bay zinc project, in Western Australia. PLD said a review of the project data confirmed that the Admiral Bay project hosted about 72-million tonnes, grading 5.4% zinc equivalent for 4.31-million tonnes... 

BHP Billiton signs R10bn aluminium supply deal with black consortium 

By: Martin Creamer The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton signs R10bn aluminium supply deal with black consortium
Photo by Duane Daws
Graham Kerr with Lucas Msimanga, Sizwe Khumalo, Zodwa Manase and David Austin

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Barminco wins mining contract at MMG's Rosebery

By: Esmarie Swanepoel Mining contractor Barminco Holdings has won a A$110-million contract from miner MMG to conduct jumbo development services at the Rosebery polymetalllic base metals mine, in Tasmania. The contract would have an initial three-year term but could be extended for a further two years. 

BHP to spend $200m on Olympic Dam debottlenecking

By: Esmarie Swanepoel Diversified major BHP Billiton would invest about $200-million in its Olympic Dam operation, in South Australia, as part of its debottlenecking efforts, and would accelerate long-term drilling plans and mine development. CFO Peter Beaven said on Monday that it was hoped the debottlenecking... 

MetroCoal names new CEO post Cape Alumina gobble

By: Esmarie Swanepoel ASX-listed MetroCoal on Monday announced the appointment of Simon Finnis as the new CEO, effective from January 12. Finnis would replace CEO Mike O’Brien, who will continue on as project director.  

Centaurus hopeful at Candonga West

By: Esmarie Swanepoel A recent ground magnetic survey has proven positive for metals developer Centaurus Metals, with the company saying on Monday that it had confirmed the potential for high-grade direct shipping ore (DSO) at the recently acquired Candonga West project, in Brazil. Centaurus acquired the Candonga... 

Liontown shares tumble as it abandons Tanzania project

By: Esmarie Swanepoel The share price of junior Liontown Resource dropped by nearly 31% on Monday on news that the company had opted out of the Ibaga copper/zinc project, in Tanzania. Liontown had previously entered into two option agreements giving the company the right to acquire 100% of the Igaba project. 

A1 buys Octagonal gold project

By: Esmarie Swanepoel ASX-listed junior A1 Consolidated Gold has inked an agreement with fellow-listed Octagonal Resources to acquire the Maldon gold project, in Victoria. In exchange for the project, Octagonal would receive A$5.1-million in A1 Gold shares, with the shares priced at 3c each, as well as 1:3 listed A1... 

Major shake-up of BHP management as demerger advances

By: Esmarie Swanepoel Mining giant BHP Billiton on Monday announced a major management reshuffle as it advanced with the demerger of its noncore assets. BHP earlier this year announced the demerger of the aluminium, nickel, manganese and silver assets. Its focus will remain on its iron-ore, coal, petroleum, copper... 

Attila to sell 70% Kodiak stake to Magni

By: Esmarie Swanepoel Coal hopeful Attila Resources on Monday announced that it would sell its 70% interest in the Kodiak coking coal project, in the US, for $55.3-million to US-based Magni Resources. Attila revealed to shareholders that it had received a confidential, unsolicited expression of interest from Magni in... 

Mining investment in Oz to decline by 40%

By: Esmarie Swanepoel Investment into Australia’s resources sector would decline by about 40% over the next four years, economic forecaster and industry analyst BIS Shrapnel reported on Monday. “In terms of the mining investment bust, we have hardly begun – this has a long way to run,” said BIS Shrapnel’s... 

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