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MCA slams Northern Territory ‘mining tax grab’

By: Esmarie Iannucci     18th January 2019 The Minerals Council of Australia (MCA) has warned that jobs and investments in the resources sector were under threat from the Northern Territory government’s proposed Environment Protection Bill and Regulations. The draft legislation addresses the environmental impact assessment and approval... 

Pérez de Solay takes over as MD at Orocobre

By: Esmarie Iannucci     18th January 2019 Lithium miner Orocobre has appointed Martin Pérez de Solay as MD, following the retirement of Richard Seville. Pérez de Solay has also formally started his duties as CEO.  

GBM adds to Mt Coolon resource

By: Esmarie Iannucci     18th January 2019 ASX-listed GBM Resources has updated the mineral resource estimate at its Mt Coolon gold project, in Western Australia, to include the Twin Hills gold deposits. A new Joint Ore Reserves Committee compliant mineral resource of 633 000 oz has been estimated for the two Twin Hill deposits,... 

UGL wins A$200m in service contracts

By: Esmarie Iannucci     18th January 2019 Project house CIMIC Group was expecting to generate revenue of around A$200-million from a range of new maintenance and service contracts in the Australian oil and gas sector. CIMIC on Friday reported that its subsidiary UGL had secured a maintenance and turnaround services contract with US... 

Ramelius extends Explaurum offer

By: Esmarie Iannucci     18th January 2019 Gold miner Ramelius Resources has extended its takeover for ASX-listed Explaurum until February 22, having obtained a 79.2% interest in the takeover target to date. The offer has been declared unconditional, and Explaurum directors have unanimously recommended that shareholders accept the offer. 

Geologist of Canadian/Aussie JV project murdered in Burkina Faso

By: Esmarie Iannucci     18th January 2019 ASX-listed Predictive Discovery has announced the death of a senior employee of its Canadian joint venture (JV) partner, Progress Minerals, at the Progress JV in Burkina Faso. Canadian geologist Kirk Woodman was kidnapped from an exploration camp in Burkina Faso on January 15, and his body was... 

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Strike called off at Wollongong mine

By: Esmarie Iannucci     17th January 2019 ASX-listed Wollongong Coal on Thursday told shareholders that the protected industrial action at its Wongawalli Colliery, in New South Wales, had come to an end. On January 11, contract workers at the project went on strike relating to proposed enterprise agreement between the labour hire... 

Orocobre output rises by 65%

By: Esmarie Iannucci     17th January 2019 ASX- and TSX-listed Orocobre has reported a 65% increase in quarterly production during the three months to December, with lithium carbonate production reaching 3 782 t. The company noted on Thursday that the December quarter results was the second best quarter of production at the Olaroz... 

Whitehaven reports record quarter

By: Esmarie Iannucci     17th January 2019 Coal miner Whitehaven Coal has reported record quarterly run-of-mine production of 7.4-million tonnes, and a first half production of 11-million tonnes. The miner on Thursday told shareholders that it was on track to meet its full year production guidance of between 22-million and 23-million... 

Base adjusts outlook for 2019

By: Esmarie Iannucci     17th January 2019 Mineral sands miner Base Resources has adjusted its full-year production guidance at the Kwale project, in Kenya, as the company adjusts for lower ore densities in the remaining Central Dune orebody. Rutile production expectations for the full year has remained fairly unchanged at between 88 000... 

Paladin continues uranium sales

By: Esmarie Iannucci     17th January 2019 ASX-listed Paladin Energy has continued the sale of its uranium oxide (U3O8) stockpiles during the quarter ended December, with some 475 000 lb U3O8 sold during the quarter at an average price of $31.41/lb. Paladin in May of last year took the decision to place its Langer Heinrich operation, in... 

Woodside Q4 revenue jumps 43%

By: Esmarie Iannucci     17th January 2019 Australian oil and gas major Woodside has reported a 43% increase in sales revenue for the fourth quarter of 2018, compared with the previous corresponding period, and a 10% increase in production. Woodside on Thursday reported that production during the three months to December had reached... 

Shareholders succeed in delaying Flinders delisting meeting

By: Esmarie Iannucci     17th January 2019 ASX-listed Flinders Mines has postponed the extraordinary general meeting (EGM) planned for January 22 regarding the delisting of the company, after certain shareholders turned to the Takeovers Panel. Flinders last year applied to delist from the ASX, following a strategic review of the... 

South32 delivers solid Q2 results; announces leadership shuffle 

By: Esmarie Iannucci     17th January 2019 Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of... 

Kingsrose gets final nod for Way Linggo

By: Esmarie Iannucci     16th January 2019 Gold miner Kingsrose Mining has secured the final approvals for its Way Linggo and Talang Santo openpit operations, after the Indonesian equivalent of an environmental impact assessment was approved by the Indonesian Ministry of Environment and Forestry. Kingsrose on Wednesday said that the... 

Ovoot to fill fat coal gap in China - Aspire

By: Esmarie Iannucci     16th January 2019 Coal developer Aspire Mining on Wednesday told shareholders that its Ovoot project, in Mongolia, could assist in addressing a projected 16-million- to 22-million-tonne shortage of fat coking coal in China, out to 2025. China’s ‘fat’ coal category encapsulates high fluidity coals with good plastic... 

Lucapa output rises on Mothae start

By: Esmarie Iannucci     16th January 2019 Diamond miner Lucapa Diamond Company produces 3 089 ct of diamonds from its Mothae operation, in Lesotho, during the December quarter. The 1.1-million tonne treatment plant was commissioned during the December quarter, delivering Lucapa its second operational mine. 

Pacific American Coal increases Elko resource

By: Esmarie Iannucci     16th January 2019 Coal developer Pacific American Coal has reported an 18% increase in the Joint Ore Reserves Committee compliant resource of its Elko coking coal project, in British Columbia. The project is now estimated to host some 303-million tonnes of coal, with 117-million tonnes of the resource classified... 

Woodside awards Scarborough contracts ahead of FID next year

By: Esmarie Iannucci     16th January 2019 Australian oil and gas major Woodside is pushing ahead with the development of its $11-billion Scarborough gas project, announcing four contract awards for front-end engineering design activities. CEO Peter Coleman said the award of the contracts would support the project schedule and Woodside’s... 

Ardmore on track for 2019

By: Esmarie Iannucci     16th January 2019 ASX-listed Centrex Metals on Wednesday told shareholders that the start-up operation at its Ardmore phosphate rock project, in Queensland, was on track to start production in 2019, with commissioning targeted for mid-2019. The start-up operation is targeted at producing some 30 000 t of... 

Golden Investments says Stanmore offer final

By: Esmarie Iannucci     16th January 2019 Suitor Golden Investments has told the shareholders of ASX-listed Stanmore Coal that it will not be increasing its offer price of 95c a share, and that it will not extend its offer date past January 22. Stanmore in December urged shareholders to reject the offer, saying the price was “materially... 

Gold veteran says bigger may not be better as M&A blitz hits

By: Bloomberg     16th January 2019 The $15-billion flurry of deal-making that will super-size the gold industry’s leading producers is no guarantee of better performance, according to an Australian miner who’s been outpacing larger competitors. Rising gold prices and a hunt to boost additional reserves of the precious metal have... 

Stokes offloads shares in Saracen

By: Esmarie Iannucci     15th January 2019 Australian billionaire Kerry Stokes has offloaded about A$30-million worth of shares in ASX-listed gold miner Saracen Mineral Holdings. Prior to the on-market share sale, Stokes, through his privately held financial firm Wroxby, had held a 6% interest in Saracen, which currently has more than... 

Recommissioned Savannah to ship first concentrates early next month

By: Esmarie Iannucci     15th January 2019 The first concentrate shipment from the recommissioned Savannah nickel/copper/cobalt project, in Western Australia, is expected in early February, ASX-listed Panoramic Resources said on Tuesday. The company told shareholders that mining ramp-up to full production was continuing, with the... 

Talga finds possible buyer for graphite

By: Esmarie Iannucci     15th January 2019 ASX-listed Talga Resources has inked a letter of intent (LoI) with a subsidiary of Germany’s Schunk Group to cooperate on the exploration and incorporation of Talga graphene into a Schunk product with applications in the automotive sector. Schunk is a globally operating technology company with... 

Metals X ups the output at Nifty and Renison

By: Esmarie Iannucci     15th January 2019 Base metals producer Metals X has reported increased production from both its Nifty copper and Renison tin projects, in Western Australia and Tasmania, respectively. The ASX-listed company on Tuesday reported that copper production from Nifty increased by 11% during the quarter ended December,... 

Boonanarring delivers first revenue

By: Esmarie Iannucci     15th January 2019 ASX-listed Image Resources has received the first revenue from its Boonanarring mineral sands project, in Western Australia, after loading its first bulk shipment of 10 000 t of heavy mineral concentrate. The concentrate will be shipped to China s part of an offtake agreement with Shantou... 

Prieska resource standing at 30Mt - Orion

By: Esmarie Iannucci     15th January 2019 The mineral resource at the Prieska zinc/copper project, in South Africa, has been estimated at more than 30-million tonnes, grading 3.7% zinc and 1.2% copper, base metals developer Orion Minerals has reported. The dual-listed company noted that the new resource estimate included an updated... 

Matsa completes mining at Red Dog

By: Esmarie Iannucci     11th January 2019 ASX-listed Matsa Resources in November of last year completed mining at the Red Dog gold project, in Western Australia, with last ore hauled to gold producer AngoGold Ashanti’s Sunrise Dam treatment plant in December. Matsa on Friday reported that mining at the Red Dog operation had generated 12... 

Berkeley shares surge on media reports

By: Esmarie Iannucci     11th January 2019 The share price of junior Berkeley Energia jumped by more than 63% on Friday, following media reports that its Salamanca uranium project, in Spain, had been approved. The ASX- and LSE-listed company told shareholders that despite the Spanish media reports, the company had received no official... 

Alacer hits targets in 2018

By: Esmarie Iannucci     11th January 2019 Gold miner Alacer Gold has reached its 2018 production expectations, with the Çöpler mine, in Turkey, producing 170 865 oz of gold. The full-year production was in line with expectations of between 160 000 oz and 230 000 oz. 

Vector takes major interest in DRC gold project

By: Esmarie Iannucci     11th January 2019 Gold developer Vector Resources was hoping to complete a definitive feasibility study (DFS) on the Adidi-Kanga gold project, in the Democratic Republic of Congo, during this year, after settling the acquisition of a 60% interest in the project. The ASX-listed Vector in July last year struck a... 

Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

By: Reuters     10th January 2019 Rio Tinto closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed statement. Cape Lambert is located about 1... 

Santos extends Beach/Senex agreements

By: Esmarie Iannucci     10th January 2019 Australian oil and gas major Santos has extended its gas processing agreement with ASX-listed Beach Energy and Senex Energy. The gas processing agreement extensions are expected to result in the production of up to 18 TJ of sales gas per day, or 20 PJ over the three-year term. 

DRA wins Dargues EPC contract

By: Esmarie Iannucci     10th January 2019 Project house DRA Global has been awarded the engineering, procurement and construction (EPC) contract for the Dargues gold mine, in New South Wales, being developed by Diversified Minerals. The contract scope entails the EPC of a 355 000 t/y gold processing facility and mine backfill plant at... 

Metalicity MD steps aside

By: Esmarie Iannucci     10th January 2019 Matt Gauci will step down as the MD of ASX-listed Metalicity, effective January 10. Nonexecutive director Mathew Longworth will assume the role of CEO, and the Metalicity board is currently in discussions with suitable executives to work alongside him as part of a transition to grow the company... 

Australian Vanadium raises cash for Gabanintha studies

By: Esmarie Iannucci     10th January 2019 ASX-listed Australian Vanadium has raised more than A$6-million through option conversion, to fund the completion of a definitive feasibility study on the Gabanintha vanadium project, in Western Australia. The company on Thursday noted that more than 204.59-million options had been converted... 

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