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Independence invests A$51m in exploration

By: Esmarie Iannucci     23rd October 2018 Diversified miner Independence Group will spend A$51-million on discovery expenditure in the 2019 financial year, MD and CEO Peter Bradford said on Tuesday. Speaking to the Australian Nickel conference, Bradford said that some A$33-million of this funding would go towards greenfields... 

AngloGold’s Tropicana on track to deliver 500 000 oz/y from 2020

By: Marleny Arnoldi     17th September 2018 There is a strong focus on continuous improvement at AngloGold Ashanti’s 70%-owned Tropicana mine, in Australia, and the aim is to produce 500 000 oz/y of gold from 2020, with support from the adjacent Boston Shaker prospect. In a presentation to the media, on Monday, AngloGold Ashanti... 

Independence posts strong FY results

By: Esmarie Iannucci     29th August 2018 Diversified miner Independence Group has reported record revenue and underlying earnings before interest, tax, depreciation and amortisation (Ebitda) for the 2018 financial year, as the Nova nickel operation delivered its first full year of production. Revenue for the year increased from... 

Orion turbocharges Prieska study 

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion accelerating on all fronts, looking to upscale production

By: Martin Creamer     25th June 2018 ASX- and JSE-listed Orion Minerals has raised an additional A$11-million through a share placement so that it can accelerate on all fronts. This equity capital raising funds the company beyond the bankable feasibility study (BFS) to progress its Prieska zinc/copper project, in South Africa's... 

Correction: Independence Group nine-month output

18th June 2018 Diversified metals miner Independence Group has delivered 14 914 t of nickel in concentrate, 6 315 t of copper in concentrate and 490 t of cobalt in concentrate in the nine months to March. Mining Weekly incorrectly stated on June 14 that the nine-month production was the full-year guidance. 

Independence eyes downstream possibilities at Nova

By: Esmarie Iannucci     14th June 2018 Diversified metals miner Independence Group is on track to deliver a prefeasibility study on the downstream processing of nickel and cobalt sulfate at its Nova nickel operation, in Western Australia. Speaking at the second day of the Association of Mining and Exploration Companies (Amec)... 

Oz gold production drops in March quarter – Surbiton

28th May 2018 Australian gold production declined by 6 t, or around 7% in the three months to March, compared with the previous period, reaching some 74 t, gold mining consultants Surbiton Association reported. Surbiton director Dr Sandra Close noted that despite the lower March quarter output, the results... 

Independence sells Jaguar mine for A$73m

By: Esmarie Iannucci     28th May 2018 Metals miner Independence Group on Monday announced plans to divest of its Jaguar copper/zinc mine, in Western Australia, for A$73.2-million to CopperChem. The purchase consideration would consist of A$25-million in cash on the completion of the transaction and a further A$48.2-million in... 

Independence takes greater stake in Orion

By: Esmarie Iannucci     18th May 2018 Diversified metals miner Independence Group has taken a bigger stake in South Africa-focused explorer Orion Minerals, increasing its shareholding from 4.2% to 11.1%. Independence will subscribe for A$5-million worth of Orion shares, priced at 5c each, with the two companies also entering into a... 

Australia's gold production may rise to record - report

By: Reuters     7th March 2018 Gold output from Australia, the world’s second-largest producer, may rise to a record as a stream of new projects comes on line, Australian mining consultancy Surbiton Associates said on Sunday. Australian gold miners, among the lowest cost globally, have enjoyed high margins in recent years,... 

Fourth month of continuous growth for Deloitte WA Index

9th February 2018 The Deloitte WA Index climbed marginally higher in the first month of 2018, as the market capitalisation of Western Australia-listed companies increased by 0.48% to close out January at A$181.83-billion. This marks the fourth month of continuous growth, Deloitte clients and markets partner for... 

AngloGold’s Tropicana JV commits to Long Island strategy

By: Mariaan Webb     7th December 2017 Joint venture (JV) partners AngloGold Ashanti and Independence Group have committed to the initial phase of the Long Island strategy, which will ultimately add 2.1-million ounces to the Tropicana mine’s business plan and will extend the operation’s mine life by seven years to 2027. The... 

Independence delivers strong start to FY18

By: Esmarie Iannucci     25th October 2017 Diversified miner Independence Group has delivered a strong start to its 2018 financial year, as the Nova project, in Western Australia, delivered its first full quarter of commercial production. Nickel production at the Nova operation, in the Fraser Range, was up by 82% on the previous quarter,... 

Independence unveils nickel exploration budget for 2018

By: Esmarie Iannucci     17th October 2017 ASX-listed diversified miner Independence Group will spend nearly 60% of its A$50-million exploration budget in 2018 on the Nova and Fraser Range project area. Independence MD and CEO Peter Bradford told delegates at the Paydirt nickel conference in Perth, on Tuesday, that A$9-million would be... 

Nova base metals mine in Fraser Range officially opened

By: Esmarie Iannucci     8th September 2017 Base metals miner Independence Group has officially opened its Nova nickel/copper/cobalt mine, in Western Australia. MD and CEO Peter Bradford told shareholders on Friday that Nova reached commercial production only five years after its initial discovery, with the project expected to reach... 

Independence back into black in 2017

By: Esmarie Iannucci     30th August 2017 Diversified metals miner Independence Group has swung back into black during the full year ended June, with the miner reporting a net profit after tax of A$17-million, compared with a net loss after tax of A$58.8-million reported at the end of the 2016 financial year. “Our financial and... 

Accelerated mining plan to bring forward 200 000 oz at Tropicana

By: Esmarie Iannucci     7th August 2017 Diversified metals miner Independence Group is on track to bring forward over 200 000 oz of gold production at its Tropicana gold joint venture (JV), in Western Australia, between 2017 and 2019, with the re-introduction of grade streaming. Independence, which owns 30% of Tropicana in a JV with... 

Nova to reach commercial production by end of June

By: Esmarie Iannucci     26th June 2017 The Nova nickel/copper/cobalt mine, in Western Australia, is expected to reach commercial production by the end of June, ASX-listed Independence Group said on Monday. Since commissioning started in October last year, the processing plant has been constrained by ore production from the... 

Independence Group to sell Stockman project for A$47m

By: Esmarie Iannucci     14th June 2017 Diversified miner Independence Group will divest of its Stockman copper-zinc project, in Victoria, to CopperChem for A$47.2-million. The company on Wednesday said the sale of the Stockman project was consistent with its strategy of focusing on high-quality assets of scale, longevity and... 

Independence confirms Nova ramp-up date

By: Mariaan Webb     12th April 2017 The ramp-up of the Nova project, in Western Australia, has been delayed by three months, diversified miner Independence Group confirmed on Wednesday. The company reported that the project would reach its nameplate capacity of 1.5-million tons a year in the September quarter, instead of the June... 

Orion’s shares rise on deal activity

By: Esmarie Iannucci     10th March 2017 The share price of metals developer Orion Gold has increased by nearly 11% on news of two distinctive deals struck this week. Orion on Friday announced that it had reached an agreement with equity group Tembo Capital, which has agreed to invest some A$3-million on Orion’s current convertible note... 

Independence swings to H1 profit, warns of Nova ramp-up delay

By: Esmarie Iannucci     21st February 2017 Diversified metals miner Independence Group has swung back to a profit in the six months ended December 31, on the back of higher underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) and revenue. Profit for the half-year reached A$202-milion, compared with a loss of... 

Independence reports solid quarter

By: Esmarie Iannucci     25th January 2017 Metals miner Independence Group has reported solid quarterly production results from its Tropicana gold and its Long nickel mines, in Western Australia. Independence on Wednesday reported that the Tropicana joint venture (JV) with AngloGold Ashanti delivered 121 195 oz of gold during the second... 

Capricorn Metals announces discovery of new, high-grade structure

By: Ilan Solomons     19th December 2016 Australian junior gold miner Capricorn Metals has confirmed the presence of a new, high-grade mineralised structure in the immediate footwall of the Bibra gold deposit at its 100%-owned Karlawinda gold project, in Western Australia.   Capricorn MD Peter Thompson said on Monday that a recently... 

AngloGold's Tropicana JV gears up for accelerated mining rate

By: Esmarie Iannucci     15th December 2016 Gold production from the Tropicana mine, in Western Australia, is expected to improve considerably next year, when grade streaming is reintroduced. Gold major AngloGold Ashanti, which owns 70% of Tropicana, and its joint venture (JV) partner Independence Group, which owns a 30% stake in the... 

Nova ships first concentrate to Nickel West

By: Esmarie Iannucci     12th December 2016 Metals miner Independence Group has transported the first nickel concentrate from the Nova project, in Western Australia, to BHP Billiton’s Nickel West operations. “The first shipment of concentrate is another important milestone for the Nova project and this took place earlier than contemplated... 

Sheffield and Independence form Fraser Range JV

By: Esmarie Iannucci     16th November 2016 ASX-listed junior Sheffield Resources has signed a joint venture (JV) agreement with metals producer Independence Group over four granted tenements in the Fraser Range region of Western Australia. Under the terms of the JV, Independence will earn a 51% interest in the project area by making an... 

Independence takes major stake in Windward

By: Esmarie Iannucci     28th October 2016 Metals miner Independence Group has secured a majority stake in takeover target Windward Resources. Independence, which launched a 19c a share offer for Windward earlier this month, has now acquired over 50.1% of Windward’s ordinary shares through acceptance of the offer and on-market purchases. 

Nova project delivers first concentrate six weeks early

By: Esmarie Iannucci     26th October 2016 Metals miner Independence Group has produced its first concentrate at the Nova nickel/copper project, in Western Australia’s Fraser Range. “The production of first nickel and copper concentrate is a key milestone for the Nova project. Based on the definitive feasibility study, the first... 

Eastern Goldfields makes way for Windward/Independence deal

By: Esmarie Iannucci     10th October 2016 Takeover target Windward Resources has abandoned a financing transaction with fellow-listed Eastern Goldfields, in favour of a deal with diversified miner Independence Group. Eastern Goldfields in September announced plans to acquire a 14.3% stake in Windward for A$2.1-million. However,... 

Independence seeks Fraser Range expansion with A$20m Windward takeover

By: Esmarie Iannucci     5th October 2016 Diversified metals miner Independence Group has launched a A$20.5-million offmarket takeover offer for ASX-listed Windward Resources, which controls exploration tenements near its Nova project, in Western Australia. The offer, which is unanimously supported by the Windward board, consists of 19c... 

Independence to raise up to A$280m to strengthen balance sheet

By: Creamer Media Reporter      27th July 2016 ASX-listed Independence Group (IGO) plans to raise up to A$280-million to strengthen its balance sheet and fund the remaining capital expenditure (capex) for its Nova base metals project, in Western Australia. The equity raising comprises a A$250-million fully underwritten placement and an up to... 

Independence develops Bollinger decline early

By: Creamer Media Reporter      21st July 2016 Base metals firm Independence Group (IGO) is accelerating the development of the Bollinger orebody at the Nova nickel/copper/cobalt project, announcing on Thursday that work has begun on a new decline. Early access to the Bollinger orebody is expected to deliver enhanced early cash flow and... 

Independence remains within FY production guidance range across operations

By: Samantha Herbst     11th July 2016 ASX-listed diversified mining and exploration company Independence Group (IG) announced on Monday that gold production at its 30%-owned Tropicana gold mine – which is 70% owned and managed by AngloGold Ashanti – was 28 651 oz for the June quarter, which was firmly within its production guidance... 

First ore mined in development at Independence’s Nova project

By: Creamer Media Reporter      28th June 2016 Base metals miner Independence Group has mined the first development ore at the Nova project, in Western Australia. The company reported on Tuesday that the mining of the first ore was an important milestone as work progressed to complete construction and development of the nickel/copper/cobalt... 

Independence reports a mixed quarter

By: Esmarie Iannucci     29th January 2016 Metals miner Independence Group has reported a mixed bag of results during the three months to December. The ASX-listed company told shareholders this week that gold production from the Tropicana joint venture, in Western Australia, increased from the 118 204 oz delivered in the September... 

Independence scales back exploration

By: Esmarie Iannucci     21st January 2016 Diversified metals miner Independence Group has cut its 2016 exploration spend by A$20-million on the back of continued weak base metals prices. The company reported on Thursday that it would rationalise and prioritise exploration activities, with the funding and execution of the Tropicana and... 

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