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Gold Road/Gold Fields JV flags Gruyere delay, possible cost increases

By: Esmarie Swanepoel     Updated 7 hours ago The Gruyere gold project, in Western Australia, is likely to be late in delivering its first gold, project developers Gold Road Resources and Gold Fields have warned, with the companies also flagging possible cost increases. The joint venture (JV) partners said on Monday that the abnormal... 

Red 5 hits revised targets

By: Esmarie Swanepoel     Updated 7 hours ago Junior gold miner Red 5 has reached its revised production targets during the three months ending March, with some 12 929 oz of gold recovered. Red 5 in early March lowered its quarterly production expectations following operational issues at its Darlot mill, in Western Australia. 

APLNG to supply more gas to domestic market

By: Esmarie Swanepoel     Updated 7 hours ago The Australia Pacific liquefied natural gas (APLNG) project has committed a further 21 PJ of gas to the domestic east coast market. The Queensland Resources Council (QRC) CEO Ian Macfarlane on Monday said that the additional gas from APLNG was another sign that the policy setting in Queensland... 

Hawsons granted Major Project status

By: Esmarie Swanepoel     Updated 7 hours ago The Hawsons iron project, in New South Wales, has been granted Major Project status by the federal government. ASX-listed project developer Carpentaria Exploration told shareholders that the elevation to this select status was expected to provide a smoother and potentially faster approvals... 

Newcrest gets approvals for tailings plan

By: Esmarie Swanepoel     Updated 7 hours ago Gold miner Newcrest Mining has been given approval to use the first 200m of the old Cadia Hill openpit operation, in New South Wales, as a tailings storage facility. The Cadia Hill openpit would be used in lieu of the Northern tailings facility, where a breakthrough of tailings material was... 

Western Areas commissions plant to produce high-grade nickel sulphide

By: Esmarie Swanepoel     Updated 7 hours ago Nickel miner Western Areas has commissioned its mill recovery enhancement project (MREP) and is now producing premium high-grade nickel sulphides at Forrestania, in Western Australia. The A$17.5-million MREP was completed on time and within budget, Western Areas MD Dan Lougher said on Monday. 

Apollo plans IPO for Constellation subsidiary

By: Esmarie Swanepoel     23rd April 2018 ASX-listed junior Apollo Minerals announced plans to list its Fraser Range nickel/copper and gold assets on the Australian bourse through an initial public offering (IPO). The separate listing of Apollo’s subsidiary Constellation Resources, would allow the company to focus its efforts on its... 

Century inks another offtake at zinc mine

By: Esmarie Swanepoel     23rd April 2018 Base metals developer New Century Resources has inked a long-term zinc offtake agreement at its Century zinc mine, in Queensland. The company on Monday said that the offtake agreement signed with commodity trader MRI Trading also included a $15-million unsecured debt facility, which will be used... 

Toro launches Yandal gold project

By: Esmarie Swanepoel     23rd April 2018 Uranium developer Toro Energy has initiated the Yandal gold project, which would see the company undertake gold exploration at its Lake Maitland uranium project, in Western Australia. The company at the end of last week flagged the possibility of hunting for other minerals within its Wiluna... 

Toro hunting for gold at Wiluna

By: Esmarie Swanepoel     20th April 2018 Uranium developer Toro Energy has told shareholders that it was evaluating other avenues to extract value from its Wiluna project, in Western Australia, given the current suppressed uranium price. The ASX-listed company said on Friday that it was assessing Wiluna’s prospectivity to host other... 

Bassari readies for Makabingui development

By: Esmarie Swanepoel     20th April 2018 ASX-listed Bassari Resources has announced the creation of special purpose vehicle Makabingui Gold Operation, which would develop the Makabingui gold project. Bassari on Friday reported that the new company, which would act as a subsidiary of Bassari, was formed after final government approval... 

Koolan Island economics improve on reserve increase

By: Esmarie Swanepoel     20th April 2018 Iron-ore miner Mount Gibson has reported a more than 50% increase in the ore reserves at its Koolan Island project, off the coast of Western Australia. The ASX-listed company on Friday said that the main deposit ore reserve had increased to 21-million tonnes, grading 65.5% iron, extending the... 

Lithium Australia takes over Moolyella

By: Esmarie Swanepoel     20th April 2018 ASX-listed Lithium Australia has continued on its purchase trail, announcing on Friday that it had bought the Moolyella lithium/tin/tantalum project, in Western Australia. Lithium Australia purchased the exploration licence from Anova Metals for A$25 000 in cash and A$25 000 worth of fully paid... 

Alligator takes full ownership of Beatrice project

By: Esmarie Swanepoel     20th April 2018 Uranium explorer Alligator Energy has struck a deal with Cameco Australia to acquire its remaining 41.65% interest in the Beatrice project, in the Northern Territory, consolidating its own interest in the project. The purchase consideration has been structured with a nominal up-front cost, and... 

Miners warn new NT royalty proposal to hurt investment

By: Esmarie Swanepoel     20th April 2018 The resources sector has warned the Northern Territory government that adjustments to its royalty system could hamper investment in the region. Northern Territory Treasurer Nicole Manison on Friday announced the introduction of a hybrid royalty scheme as part of the territory government’s plans... 

Companies reach shaft sinking milestones

     20th April 2018 Multinational mining company Turquoise Hill Resources’ Oyu Tolgoi copper/gold mine in Mongolia, has achieved significant underground development milestones with the completed sinking of two shafts this year. The Oyu Tolgoi, one of the world’s largest new copper/gold mines, is located in the South... 

BDO appoints Australian to lead Global Natural Resources sector

     19th April 2018 BDO is pleased to announce the appointment of Sherif Andrawes as Global Natural Resources Leader.  Sherif, who is based in BDO’s Perth office, will continue as Chairman of BDO WA as well as taking on this global role effective from 26 April 2018. Sherif commenced his career in 1987 with BDO in... 

Maximus looks to increase Burbanks throughput

By: Esmarie Swanepoel     19th April 2018 ASX-listed Maximus Resources is looking to increase throughput at its Burbanks treatment plant, in Western Australia, in 2019, following strong demand for toll milling capacity. The company told shareholders that it was currently reviewing the mill capacity of the 180 000 t/y conventional... 

Triton signs offtake over Moz project

By: Esmarie Swanepoel     19th April 2018 Graphite developer Triton Minerals has signed its first offtake agreement over the Ancuabe graphite project, in Mozambique. Triton has inked a binding sales agreement with China’s Qingdao Tianshengda Graphite Company for up to 16 000 t/y of graphite concentrate from the mine, for a period of at... 

Iluka increases output and revenue

By: Esmarie Swanepoel     19th April 2018 Mineral sands miner Iluka has reported increased in both production and revenue for the three months to March. The company on Thursday reported that total zircon, rutile and synthetic rutile production increased by 8% during the quarter, compared with the December quarter, to 182 000 t. 

Evolution hits record low costs

By: Esmarie Swanepoel     19th April 2018 Gold miner Evolution Mining has reported record low all-in sustaining costs of A$768/oz, with gold production also increasing slightly. Gold production during the three months to March was up to 191 474 oz, compared with the 186 488 oz produced in the previous quarter, with the Ernest Henry and... 

Santos production falls in Q1

By: Esmarie Swanepoel     19th April 2018 Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba... 

South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     19th April 2018 Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

By: Esmarie Swanepoel     19th April 2018 Mining giant BHP has reduced its full-year production expectations for its Pilbara iron-ore operations, as well as the Olympic Dam mine, in South Australia. The miner on Thursday reported a 6% drop in iron-ore production during the three months to March, compared with the previous quarter,... 

Dalgaranga still tracking ahead of schedule

By: Esmarie Swanepoel     18th April 2018 The Dalgaranga gold project, in Western Australia, remains one month ahead of schedule, ASX-listed Gascoyne Resources told shareholders, with the project due to start gold production in May. Gascoyne told shareholders on Wednesday that process plant construction at Dalgaranga was 98% complete,... 

Awak Mas gets maiden reserve

By: Esmarie Swanepoel     18th April 2018 Junior gold developer Nusantara Resources has reported a maiden ore reserve of one-million ounces at its Awak Mas gold project, in Indonesia. “Our maiden ore reserve represents a significant milestone for the company and now places Nusantara among an elite group of ASX-listed gold development... 

Lithium Australia recommissions VSPC plant

By: Esmarie Swanepoel     18th April 2018 ASX-listed Lithium Australia is recommissioning the cathode powder plant acquired through its recent takeover of technology company VSPC. The VSPC facility, which consists of a two- to four-tonne a year pilot plant, incorporates an integrated laboratory, coin-cell production facility and battery... 

Base production declines as KP2 readies

By: Esmarie Swanepoel     18th April 2018 Mineral sands producer Base Resources has reported a slight decline in production for the March quarter, as a month-long mining and wet concentrator plant shut-down was initiated at its Kwale operations, in Kenya. The shut-down was part of the final equipment installation and piping tie-ins for... 

Korab to sell projects as it accelerates Winchester

By: Esmarie Swanepoel     18th April 2018 ASX-listed Korab Resources has announced plans to fast track the development of the Winchester magnesium carbonate deposit, in the Northern Territory, with the company to divest of some of its other assets. Korab in March this year announced a review of its Western Australian and Ukrainian... 

Woodside plans Pluto LNG expansion

By: Esmarie Swanepoel     18th April 2018 Australian oil and gas major Woodside Petroleum has flagged plans to accelerate the development of the Scarborough gas field through an expansion of the Pluto liquefied natural gas (LNG) project. Woodside in March acquired ExxonMobil’s interest in the Scarborough gas field, taking its interest... 

Rio Tinto lifts iron, bauxite and copper output, warns sanctions could impact aluminium

By: Esmarie Swanepoel     18th April 2018 Diversified giant Rio Tinto has reported production increases at its iron-ore, bauxite and copper divisions, while warning shareholders that US sanctions against Russian companies could impact aluminium production in 2018. “We delivered a solid operational performance across most commodities in... 

Mustang discovers new deposit at Montepuez

By: Esmarie Swanepoel     17th April 2018 Ruby miner Mustang Resources has reported the discovery of a significant new ruby deposit at its Montepuez project, in Mozambique. The ASX-listed company on Tuesday told shareholders that the new ruby-bearing gravels were discovered some 3.5 km directly south-west from Mustang’s 200 t/h... 

Galena raises A$9m for Abra advancement

By: Esmarie Swanepoel     17th April 2018 Junior Galena Mining will raise A$9-million through an oversubscribed share placement to new and existing shareholders. Around 58-million new shares will be issued at a price of 15.5c each, with the funds used to advance the Abra lead/silver project, in Western Australia. 

Industry urges quick gas ramp up as Northern Territory gives fracking green light

By: Esmarie Swanepoel     17th April 2018 The Northern Territory government will lift a near two-year moratorium on fracking, accepting all 135 recommendations made by a recent independent inquiry. Chief Minister Michael Gunner said on Tuesday that the implementation of the recommendations in the inquiry report would begin, noting that... 

Old Pirate gets new life with Ark Mines

By: Esmarie Swanepoel     17th April 2018 ASX-listed ABM Resources has entered into a letter of agreement with fellow listed Ark Mines, under which Ark would operate the Old Pirate gold project, in the Northern Territory. ABM MD Matt Briggs said on Tuesday that after a competitive and lengthy process, Ark provided the most attractive... 

Whitehaven reports another solid quarter

By: Esmarie Swanepoel     17th April 2018 ASX-listed Whitehaven Coal has reported a lift in production during the March quarter, with run-of-mine (ROM) production up to 5.9-million tonnes during the three months under review. This was up from the 5.4-million tonnes produced in the previous quarter, and the 5.6-million tonnes produced... 

Saracen ups full-year guidance

By: Esmarie Swanepoel     17th April 2018 Gold miner Saracen Mineral Holdings has increased its full-year production expectations on the back of record gold production during the March quarter. Gold production during the three months to March reached 98 886 oz, compared with 77 522 oz in the previous quarter, with the Carosue Dam... 

Atlas' iron output continues to fall

By: Esmarie Swanepoel     17th April 2018 Iron-ore miner Atlas Iron has reported another fall in sales volumes during the three months to March, as wet weather and the closure of the Abydos mine impacted production. Atlas shipped 2-million tonnes of ore during the March quarter, down from the 2.2-million tonnes shipped in the December... 

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