R/€ = 16.27 Change: 0.04
R/$ = 14.29 Change: 0.06
Au 1249.70 $/oz Change: 1.34
Pt 791.36 $/oz Change: -1.65


Interconnected Carnarvon basin will get more LNG to market – Chevron

By: Esmarie Iannucci     15th May 2018 US oil and gas major Chevron has called for greater cooperation between industry players and the government to unlock future value in the Carnarvon basin, offshore Western Australia. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference, in Adelaide,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Iannucci     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

Australia pumps A$50m into drilling research

By: Esmarie Iannucci     28th March 2018 The Australian federal government on Wednesday announced a A$50-million investment into research aimed at better equipping the mining and resources sector to manage future challenges. Resources and Northern Australia Minister Matt Canavan said the funding would come from the Cooperative... 

Auroch acquires South Australia zinc projects

By: Schalk Burger     6th March 2018 JOHANNESBURG ( – ASX-listed Auroch Minerals on Tuesday announced that it had acquired 90% of the Arden and 100% of the Bonaventura zinc projects, in South Australia. “The Arden project and Bonaventura project comprise a substantial zinc, lead and copper play supported by... 

Thor Mining’s ASX shares in trading halt

By: Anine Kilian     8th February 2018 Aim- and ASX-listed Thor Mining’s shares have been placed in a trading halt on the Australian bourse, pending a resource announcement on the Kapunda copper project, north-east of Adelaide, in which the company can earn up to a 45% interest. Thor has been advised that ASX-listed Terramin Australia... 

BHP studying $2.1bn medium-term copper expansion project

By: Mariaan Webb     28th November 2017 Mining Major BHP is considering further expansion options its Olympic Dam operation, in South Australia, which will sharply increase copper production as the miner believes the copper market is heading for a structural deficit in the next six years. BHP has taken a three-stage option-based... 

BHP targets cost cuts; sees upside in copper, steel prices

By: Reuters     28th November 2017 Top global miner BHP Billiton said on Tuesday it will drive further cost cuts across its Australian business, and forecast strong price support from China for steelmaking raw materials. BHP will target $1.6-billion in productivity gains at its Australia iron-ore, copper and coal units over the... 

Feasibility study boosts Lincoln’s Kookaburra Gully graphite project prospects

By: Megan van Wyngaardt     27th November 2017 A feasibility study has found in favour of developing what is likely to be Australia’s only operating graphite mine when construction and commissioning work begins towards the second half of next year. ASX-listed Lincoln Minerals on Monday announced the outcomes of the study, which focused on... 

Prominent Hill mine, Australia

By: Thabi Madiba     6th October 2017 A copper concentrate containing gold and silver mine located about 650 km north-west of Adelaide and 130 km south-east of Coober Pedy in South Australia. 

Elon Musk exposes deep coal divide in energy-hit Australia

By: Bloomberg     14th July 2017 Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal. The billionaire Tesla Inc. founder, who has promised to help solve an Australian state’s clean energy obstacles, sees no place for the fossil fuel. That conflicts with the national government’s... 

Australia's Joyce sees merit in government taking stakes in coal

By: Bloomberg     10th July 2017 Australia’s Deputy Prime Minister Barnaby Joyce indicated he supports the government being an equity partner in any new coal-fired power station, and said that lenders are willing to finance fossil fuel-based electricity generation. “I have got nothing against taking equity in it,” Joyce told Sky... 

Minister says S Australia plans magnetite strategy

By: Esmarie Iannucci     23rd May 2017 The South Australian government has unveiled plans for a magnetite strategy, similar to its copper strategy, to unlock the 14-billion tonnes of ore present in the state. Minister for Mineral Resources and Energy Tom Koutsantonis said in Adelaide on Tuesday that the soon-to-be released magnetite... 

Siviour proves up for Renascor

By: Esmarie Iannucci     23rd May 2017 A scoping study on the Siviour graphite deposit, in South Australia, has estimated that the project could produce some 123 000 t/y of graphite concentrate over a 20-year mine life. ASX-listed Renascor Resources on Tuesday noted that the project would require a capital investment of some... 

South Australian miner discovers ‘thick’ copper zone

By: Dylan Slater     5th May 2017 South Australian gold, copper and iron-ore miner Havilah Resources has discovered a thick copper zone at its Croziers site, which is situated about 400 km northeast of Adelaide.  

Greens party criticises Mulga Rock mine approval

By: Esmarie Iannucci     8th March 2017 The Australian Greens party has lashed out at federal Environment Minister Josh Frydenberg’s approval of the Mulga Rock uranium mine, in Western Australia. ASX-listed Vimy Resources this week announced that Freydenberg approved the proposed mine, subject to certain conditions, noting that the... 

Choking China backs race to mine greener iron-ore for top mills

By: Bloomberg     9th February 2017 Chinese engineers who carved a railway through the Tibetan plateau and built the world’s longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4-billion project on Australia’s remote Eyre Peninsula to meet increased demand for cleaner iron ore. China Railway Group Ltd., the... 

Adelaide and Emmerson to form JV in NT

By: Esmarie Iannucci     15th November 2016 ASX-listed Adelaide Resources has signed a heads of agreement with Emmerson Resources to form a farm-in and joint venture (JV) over the company’s Rover copper/gold project, in the Northern Territory. Under the agreement, Emmerson will sole fund A$2-million in exploration over a three-year... 

Appea says S Australia blackout shows importance of gas in energy mix

By: Esmarie Iannucci     5th October 2016 The Australian Petroleum Production and Exploration Association (Appea) has claimed a win for the role of natural gas in South Australia’s power sector, citing a new report by the Australian Energy Market Operator (AEMO). The preliminary report into last week’s state-wide blackout – brought on by... 

Arrium faces A$40M steelworks hit after electricity blackout

By: Bloomberg     2nd October 2016 Australian steel and iron-ore producer Arrium may face costs of as much as A$40-million following storms that caused blackouts and forced BHP Billiton to halt its Olympic Dam copper operation. Arrium’s steelworks in the south-coast town of Whyalla and the mining of iron-ore to feed the mill have... 

Vimy starts early works at Mulga Rock

By: Esmarie Iannucci     27th September 2016 Uranium developer Vimy Resources has received backing from the Western Australian Environmental Protection Authority (EPA) to start preliminary work at its Mulga Rock project. The work involves an upgrade to the existing site access road to allow for heavy equipment to be brought to site, and the... 

Vimy gets EPA approval for Mulga Rock uranium mine

By: Megan van Wyngaardt     15th August 2016 Perth-based resource development company Vimy Resources on Monday announced that Western Australia’s Environmental Protection Authority (EPA) had given its approval for its Mulga Rock project, in the state’s Eastern Goldfields. The EPA assessed Vimy’s proposal and prepared an assessment report,... 

Santos flags $1bn Gladstone LNG charge on gas supply

By: Bloomberg     15th August 2016 antos will take a $1.05-billion writedown on its Gladstone LNG project due to rising prices for third-party gas supplies and slower-than-expected ramp up of its own equity output to feed the export project. The non-cash charge on the liquefied natural gas (LNG) development in Queensland, which... 

Bacteria mineral extraction project could be a win for miners and the environment

5th August 2016 Using bacteria to extract minerals from ore is showing the potential to replace dangerous processing chemicals such as cyanide in the mining industry. Scientists at Flinders University, in South Australia, are developing a growing line-up of lab-based experiments to extract valuable minerals from... 

Sector slump drives surface engineering demand

By: Sebastian Whyle     5th August 2016 The mining industry downturn continues to spark calls for higher productivity on mine sites, says Sydney-headquartered advanced surface-engineering technique developer LaserBond, which has helped fuel demand for its products.  

Court approves Oz Minerals class action settlement

By: Mariaan Webb     18th July 2016 The Federal Court has approved the settlement agreement between Adelaide-based miner Oz Minerals and ACA Lawyers, on behalf of former Zinifex shareholders. “As a result of the court approval, the class action against Oz Minerals has been dismissed without admission of liability by the company,”... 

Southern Gold’s international expansion strategy takes it to South Korea

By: Creamer Media Reporter      8th July 2016 Australian gold producer Southern Gold on Friday announced the acquisition of a suite of high-grade gold assets in South Korea, most of them historic underground or artisinal gold and silver workings. The acquisition formed part of the Adelaide-based miner’s international expansion strategy. 

Molten salt technology to reduce mining industry costs

22nd June 2016 The University of South Australia (UniSA) has formed a collaborative research funding partnership with Centrex Metals in a bid to use cutting-edge molten salts technology to significantly reduce energy and water usage, and therefore, the cost of mineral processing. The research, based around the... 

Oz Minerals agrees to A$24m class action settlement

By: Mariaan Webb     15th June 2016 Adelaide-based miner Oz Minerals has agreed to pay A$24-million to settle class action proceedings brought against it by former shareholders of Zinifex. Zinifex merged with Oxiana in 2008 to form Oz Minerals. Zinifex shareholders claimed that Oz Minerals had failed to disclose information to the... 

PepinNini adds lithium to copper/gold projects in Argentina

By: Mariaan Webb     7th June 2016 Adelaide-based PepinNini Minerals on Tuesday announced that it had applied for eight mining leases over areas prospective for lithium brines in Argentina’s Salta province, where the company had existing mining leases. PepinNini has two projects, Santa Ines and Chivinar, which were prospective... 

Olympic Dam mine, Australia

By: Sheila Barradas     27th May 2016 A copper and uranium mine located 560 km north-west of Adelaide, in South Australia. 

Kipushi PEA places Ivanhoe’s DRC redevelopment project in league of its own 

By: Henry Lazenby     3rd May 2016 Africa-focused project developer Ivanhoe Mines has reported strong operating metrics for the high-grade Kipushi zinc/copper mine, in the Democratic Republic of Congo (DRC), after publishing a new preliminary economic assessment (PEA) Monday. The PEA, conducted by consulting engineering firms... 

Arrium lenders shoot down $927m bailout

By: Esmarie Iannucci     5th April 2016 The federal government has come out in support of struggling steel and iron-ore company Arrium after lenders rejected a recapitalisation plan for the company. Arrium in February secured $927-million in funding from GSO Capital Partners as part of attempts to restructure and level its debt in a... 

Santos overhauls management structure

By: Esmarie Iannucci     1st April 2016 Australian oil and gas major Santos has established a new executive team as part of its efforts to focus on lifting productivity and driving long-term value for shareholders. The company on Friday announced the appointment of Bill Ovenden as VP for exploration, Brett Woods as VP for development,... 

New study aimed at improving understanding of potential Karoo shale gas reserves

By: Ilan Solomons     24th March 2016 The Council for Geoscience (CGS) in conjunction with other research bodies is improving the understanding of the stratigraphy and basinal settings of potential shale gas reserves in South Africa’s Karoo Basin region. CGS senior specialist scientist Dr Doug Cole says the study focuses on data... 

Court approves Drillsearch-Beach merger

By: Esmarie Iannucci     15th December 2015 The Federal Court of Australia on Tuesday approved a merger between ASX-listed Drillsearch and Beach Energy. Under the terms of the agreement, Beach has agreed to acquire all Drillsearch shares through a scheme of arrangements, with Drillsearch shareholders offered 1.25 Beach shares for every... 

Hillgrove signs up for South Australian copper strategy

By: Esmarie Iannucci     8th December 2015 Copper miner Hillgrove Resources has inked a formal partnership with the South Australian government, which would see the company relocating its corporate office from Sydney to Adelaide. The move was in recognition of the low mining tax and cost environment offered by South Australia. 

Valence shuts Uley processing

By: Esmarie Iannucci     3rd December 2015 Graphite miner Valence Industries this week suspended processing activities at its Uley project, in South Australia, as the company faced a tough financial situation. MD Robert Mencel said that the suspension of on-site processing would reduce the company’s operating costs by some A$290 000 a month 

Beach, Drillsearch merge to create A$1.1bn entity

By: Esmarie Iannucci     23rd October 2015 ASX-listed Beach Energy and fellow-listed Drillsearch Energy on Friday announced merger plans that would result in the creation of a mid-cap oil and gas company. Under the terms of the agreement, Beach has agreed to acquire all Drillsearch shares through a scheme of arrangements, with... 

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