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Diamonds body calls for ‘productive dialogue’ on Kimberley Process reform

By: Mia Breytenbach     15th December 2017 The World Diamond Council (WDC) has called for an open discussion about the Kimberley Process (KP) reform, highlighting three key areas in need of reform to ensure its continued success. These include broadening the scope of the KP as the debate on the expansion of the definition of conflict... 

World Diamond Council encourages open dialogue, reform

By: Mia Breytenbach     7th December 2017 The World Diamond Council has called for an open discussion about the Kimberley Process (KP) reform at the upcoming KP plenary, which will take place in Brisbane from December 9 to 14. As the voice of the diamond industry, the WDC is calling for all KP participants to join together in a... 

BHP, Goldman hunt for energy fix amid remote banana plantations

By: Bloomberg     27th November 2017 The world’s biggest miner and Wall Street’s top-ranked merger firm are among the high-profile backers of a remote solar project nestled among banana crops in Australia’s far tropical northeast. For BHP Billiton, it’s a chance to unlock renewable technology for the global mining sector. As... 

SolGold rises on sanguine Cascabel exploration results

By: Henry Lazenby     25th November 2017 Brisbane, Australia-based, dual LSE- and TSX‐listed explorer SolGold has announced positive exploration results at its flagship Cascabel copper/gold project, in Ecuador. Following the arrival of two track-mounted rigs, with a further two having arrived in country, the drill fleet has increased to... 

Great Barrier Reef pitched against coal jobs in Queensland vote

By: Bloomberg     21st November 2017 The fate of Adani Group’s A$16.5-billion Australian coal mine hinges on weekend elections in Queensland state, as voters weigh the promise of new jobs against a potential environmental threat to the Great Barrier Reef. The Labor government has vowed to reject A$900-million in federal funding for... 

Mining contributes A$55bn to Qld economy in 2016/17

By: Mia Breytenbach     21st November 2017 The resources sector continues to drive employment and investment in Queensland, having contributed A$55.1-billion to the state’s economy in 2016/17 and supported the equivalent of 282 633 full-time jobs. This is according to the Queensland Resources Council’s (QRC’s) eighth yearly economic... 

QRC urges Queenslanders to think of investment at Nov 25 polls

By: Esmarie Swanepoel     1st November 2017 The Queensland Resources Council (QRC) has called on the next state government to support the sector, allowing for more investment in the region. Queenslanders are voting on a new government on November 25. 

China's fossil-fuel phase-out fails to alarm big oil investors

By: Bloomberg     11th September 2017 In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out. The listed units of China’s big three oil companies – PetroChina, Cnooc and China Petroleum & Chemical –... 

Lithium Australia makes play for battery company

By: Esmarie Swanepoel     31st August 2017 ASX-listed Lithium Australia has announced plans to acquire Brisbane-based battery cathode developer Very Small Particle Company (VSPC). Lithium Australia told shareholders on Thursday that its acquisition of VSPC would augment the company’s own advanced processing technologies around lithium... 

Supplying lithium gets trickier as electric revolution looms 

By: Bloomberg     22nd August 2017 Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre has proved more difficult than expected. Bad weather and pump... 

Queensland’s ‘game changer’ exploration grant welcomed

By: Esmarie Swanepoel     14th August 2017 The Queensland government has opened its coffers for explorers looking for mineral discoveries in the North West region of the state. Natural Resources and Mines Minister Dr Anthony Lynham said on Monday that explorers wanting to work in the North West minerals province had until September 29 to... 

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... 

Platina delivers positive PFS for Owendale project

By: Mariaan Webb     10th July 2017 Project developer Platina on Monday announced the results of the prefeasibility study (PFS) for its Owendale project, in New South Wales, which identified “robust” scandium/cobalt/nickel project economics. Completed by Brisbane-based Prudentia Process Consulting, the PFS estimates a capital cost... 

Improving safety at Savage River with RCT’s Smart Technology

     4th July 2017 Grange Resources’ Savage River mine in Tasmania, Australia saw the opportunity to further safeguard its operators on site by equipping its mobile equipment with remote controls. Implementing remote control technology has allowed Savage River’s operators to control machines from a safe location,... 

Transformational deal as Newcrest puts a further $40m into SolGold at significant premium

By: Henry Lazenby     16th June 2017 Ecuador-focused explorer SolGold has announced the placement of $41-million worth of new shares at 41p apiece – a significant premium to the company’s Aim-listed price on Friday morning – with Australian major Newcrest Mining investing another $40-million into the junior, and a further... 

Dartbrook sale completed – Anglo American

By: Esmarie Swanepoel     29th May 2017 Diversified miner Anglo American has completed the sale of its 83.33% interest in the Dartbrook coal mine, in New South Wales to ASX-listed Australian Pacific Coal (APC). The two companies at the end of 2015 agreed to the A$50-million transaction, which included an upfront cash payment of... 

Orocobre balance sheet bolstered

By: Henry Lazenby     19th May 2017 ASX- and TSX-listed Orocobre has received a welcome financial boost in the form of a value added tax (VAT) refund and by the release of further cash security deposits in Australia, which back subsidiary Sales de Jujuy’s (SDJ's) Argentine working capital facility. The Brisbane, Australia-based... 

Miners regain mojo to spark $18bn in exploration hunt

By: Bloomberg     24th March 2017 A rebound in exploration by global miners could see spending hit $18-billion by 2025 with China the front runner in the search for a new generation of giant discoveries. Exploration budgets are rising after they plunged to an 11-year low of about $10-billion last year as mining companies slashed... 

Aus company grows share in DRC project

     2nd December 2016 ASX-listed minerals company Regal Resources has entered into an unconditional agreement with joint venture partner, Democratic Republic of Congo- (DRC-) registered La Generale Industrielle et Commerciale au Congo (GICC), to acquire from it additional shares in Kalongwe copper project’s holding... 

Toolbox to guide mine closure, rehabilitation

By: Victor Moolman     11th November 2016 The rehabilitation toolbox for the closure and rehabilitation of mining operations being developed by engineering and infrastructure advisory services company Aurecon aims to enable a mine’s management to plan effectively for and mitigate the environmental and community impact of a shuttered... 

Ecuador says BHP, billionaire Rinehart seek to join metals chase

By: Bloomberg     8th November 2016 BHP Billiton, the world’s largest miner, and billionaire Gina Rinehart’s Hancock Prospecting, are among commodity producers to have held talks over a potential entry into mining and exploration projects in Ecuador, according to the nation’s government. Both producers had discussions with... 

acQuire, twice awarded at 2016 WA Industry and Export Awards for excellence in technology

     31st October 2016 acQuire Technology Solutions was awarded by the judges of the  2016 West Australian Industry and Export Awards for both the Digital Technologies category and the C.Y. O’Connor Award for Excellence in Engineering and Technology. The Digital Technologies WA Export Award recognises outstanding... 

Australia pipeline king fights questions on monopoly prices

By: Bloomberg     21st October 2016 After a decade of unrivaled expansion, Australia’s largest gas-pipeline owner is facing growing pains. Complaints from industrial gas users, frustrated by supply shortages and hefty price spikes following the start of Queensland’s liquefied natural gas export plants, sparked a regulatory review... 

SolGold shareholders vote on funding deal

By: Esmarie Swanepoel     14th October 2016 The shareholders of Aim-listed SolGold have backed a capital raising with gold miner Newcrest and investor Maxit Capital, in lieu of a deal with mining major BHP Billiton. In a shareholder meeting this week, more than 97% of SolGold’s shareholders voted in favour of a combined $33-million... 

SolGold turns down BHP proposal as interest in junior grows

By: Esmarie Swanepoel     10th October 2016 Mining giant BHP Billiton has offered to pay $30-million for a 10% interest in Aim-listed SolGold, but the Brisbane-based explorer has rejected the proposal and decided to stick with a $33-million financing deal with Maxit Capital and Newcrest Mining. In addition to a 10% shareholding in... 

DINGO mines opportunity from resources downturn

     25th August 2016 MINING software developer Dingo is reporting an upswing in business, despite the doom and gloom that continues to plague the resources sector. The Australian METs company, which manages more than $7B of assets globally for its clients, is benefiting from a combination of industry cost-cutting and... 

Investors keen to spend money but Australia should give them reason to invest – QRC

     25th August 2016 The green shoots that are sprouting in the resources sector should signal a green light for governments to weed out the red tape and grow investment opportunities, says Queensland Resources Council CEO Michael Roche. Speaking at the 2016 Mining Convention in Brisbane, on Thursday, he said that... 

Australian silver outlook strong as global supply falls – Investigator Resources

     24th August 2016 The outlook for Australian silver development and production has risen to its best in years with the owner of one of the country’s highest grade discoveries pointing to a 35% price increase in the commodity in just the past 12 months. Addressing a mining forum in Brisbane on Wednesday,... 

Gold mining not spending enough to sustain industry into future – Holland

By: Martin Creamer     22nd August 2016 The gold mining industry is not spending enough to sustain the industry into the future. Slowed primary gold supply growth is making a case for the belief that the industry may be close to hitting a peak in production amid slower exploration spend and a virtual halt to new projects. 

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Kagara directors face potential class action suit

By: Mariaan Webb     15th August 2016 Former directors of defunct mining group Kagara may face a class action suit from shareholders, litigation funder IMF Bentham announced on Monday. The company reported that it would fund the claims of certain current and former shareholders of Kagara, relating to alleged misleading and deceptive... 

Platypus Minerals appoints new CEO

By: Megan van Wyngaardt     12th August 2016 Australian mineral exploration company Platypus Minerals has appointed Joe Walsh as its new CEO, effective November 7. Based in Brisbane, Walsh, who has over 25 years in industry experience, will lead Platypus in its strategy to become a lithium producer by exploring for lithium minerals and by... 

BHP fighting rollercoaster legal battle over Brazil dam collapse

By: Martin Creamer     1st July 2016 Claims and appeals in Brazil's unpredictable legal environment are obscuring the potential size of BHP Billiton's burst-dam compensation payout, which is oscillating between a hoped-for $2.3-billion, the sudden return of a suspended $6.2-billion and the refusal to go away of a $58-billion claim.... 

Rio Tinto appoints new iron-ore chief in organisational overhaul

By: Mariaan Webb     21st June 2016 Diversified miner Rio Tinto incoming CEO Jean-Sébastien Jacques on Tuesday unveiled a new organisational structure and executive team, which included a new head for its iron-ore division. Chris Salisburg, who was currently acting copper and coal CEO, was appointed CEO of the iron-ore division,... 

Ausenco board recommends RCF VI takeover

By: Mariaan Webb     14th June 2016 The board of Brisbane-based engineering, procurement and project management company Ausenco on Tuesday recommended a takeover offer from private equity firm Resource Capital Fund VI (RCF VI), which valued the company at A$153.7-million. Ausenco had formed an independent board committee (IBC) in... 

Du Plessis stalls iron-ore growth as Rio opts for ‘any-and-all’ debt cutting

By: Martin Creamer     5th May 2016 While South African-born Rio Tinto chairperson Jan du Plessis was vowing not to expand Rio’s iron-ore division beyond 360-million tonnes a year, the globally perceived over-producer of iron-ore was outlining the steps it had taken to cut near-term maturing gross debt by $1.5-billion. Rio said... 

Rio's new boss focused on cost savings

By: Esmarie Swanepoel     5th May 2016 Mining giant Rio Tinto’s incoming CEO Jean-Sébastien Jacques on Thursday told shareholders at the company’s annual general meeting, in Brisbane, that his focus would remain firmly on productivity improvements. Jacques, who was previously employed as Rio’s copper and coal CEO, will succeed Sam... 

APC secures funding for Dartbrook buy-out

By: Esmarie Swanepoel     27th April 2016 Junior Australian Pacific Coal (APC) has secured A$5-million in funding from cornerstone investor Trepang Services to purchase the remaining 16.67% interest in the Dartbrook joint venture (JV), in New South Wales, from Marubeni Coal. The ASX-listed company in December of last year signed an... 

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