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Peel spin-out Saturn's IPO closes early, oversubscribed

By: Creamer Media Reporter      20th February 2018 Perth-headquartered Peel Mining on Tuesday announced that the initial public offering (IPO) for its subsidiary Saturn Metals had closed early with firm commitments leaving the offer oversubscribed. The company said that it had received bids beyond the maximum A$7-million subscription amount.... 

Cyclone Kelvin lashes West Australia, no damage reported to mines, gas projects

By: Reuters     19th February 2018 Tropical Cyclone Kelvin hit the resource-rich north coast of Western Australia on Sunday, lashing it with strong winds and causing floods that could cut the main highway for up to two weeks. The storm crossed the coast 165 km south-southwest of Broome early on Sunday morning with destructive... 

Contract duration key to hybrid-power-for-mines investment case

By: Terence Creamer     15th February 2018 Alignment between a mine’s life and the tenor of a power purchase agreement (PPA) has been held up as the main consideration for those mining operations considering investments into hybrid power solutions, which combine renewable energy and battery storage with gas or diesel generators. Speaking... 

Three months to first gold at Dalgaranga project

By: Schalk Burger     15th February 2018 Construction of the Dalgaranga gold project, in Western Australia, is on budget and ahead of schedule with first gold expected in May, ASX-listed gold exploration and development company Gascoyne Resources reported on Thursday. Construction of the 2.5-million-ton-a-year Dalgaranga processing... 

Relief for Cape Town as mining indaba proceeds despite water shortage

By: African News Agency      9th February 2018 The acute water shortage in South Africa’s tourism capital Cape Town almost cost it crucial revenue when the organisers of an annual international mining conference considered scrapping this year's event in the city. But the Investing in African Mining Indaba went ahead this week despite strict... 

Komatsu celebrates 10th anniversary of commercial deployment of Autonomous Haulage System (AHS):100-AHS-trucks-in-operation milestone inspires plans to accelerate pace of mining automation

     1st February 2018 Komatsu Ltd (President and CEO: Tetsuji Ohashi) (hereafter “Komatsu”) today announced the company is celebrating the tenth anniversary of the commercial deployment of its Autonomous Haulage System (hereafter “AHS”). Today, more than 100 AHS trucks operate in Australia, North and South America.... 

Prospect raises $10m for Zimbabwe lithium mine development

By: Megan van Wyngaardt     31st January 2018 Southern Africa-focused lithium and gold mining and exploration company Prospect Resources has raised $10-million before costs, through an oversubscribed share placement of 166-million shares at 6c apiece. The ASX-listed company said on Wednesday that it would use the funds to accelerate the... 

Scoping study at Armadale’s Tanzanian graphite project on schedule for Q1 completion

By: Anine Kilian     29th January 2018 Aim-listed Armadale Capital is hoping to publish an upgraded mineral resource estimate for its Mahenge Liandu graphite project, in Tanzania, by the end of February. “We believe [the upgraded resource estimate] will provide investors and potential end-users with a better sense of the size and... 

Cassinni secures option on early stage base metals project

By: Creamer Media Reporter      29th January 2018 Perth-based base and precious metals explorer Cassini Resources has entered into an option agreement to earn into the Yarawindah Brook project, located in agricultural land near New Norcia, Western Australia. The option agreement will see the company earn into the early stage nickel/copper/cobalt... 

Iluka production up as Sierra Rutile plays in

By: Megan van Wyngaardt     29th January 2018 Mineral sands producer Iluka on Monday reported a 22% increase in its yearly production of zircon, rutile and synthetic rutile, at 825 000 t. The ASX-listed company attributed the increase to the inclusion of Sierra Rutile's production of 171 000 t, following the acquisition of the Sierra... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

GR Engineering to pursue full amount of its claims

By: Creamer Media Reporter      25th January 2018 Perth-based GR Engineering said on Thursday that it would continue to pursue the A$9.9-million claim against Eastern Goldfields and Investmet, relating to payments associated with the Davyhurst gold project refurbishment contract. The Eastern Goldfields claims would be pursued through arbitration... 

Successfully delivering results 15 years after commissioning

     25th January 2018 For 25 years, Immersive Technologies has been working with mining companies across the globe to achieve Real Results in operator safety and productivity – these partnerships have for many years driven quantifiable operational improvement. Successfully achieving these results means consistently... 

Virtual Reality Training, WorksiteVR Quest: A Leap Forward in Personnel Induction at Rio Tinto’s Oyu Tolgoi Mine.

     25th January 2018 Immersive Technologies developed a series of WorksiteVR Quest www.immersivetechnologies.com virtual reality scenarios designed to facilitate a blended learning model in conjunction with eLearning and practical activities. Mine site inductions are necessary however often dry, boring, and... 

Po Valley sells Italy operations subsidiary to Saffron Energy

By: Megan van Wyngaardt     23rd January 2018 Perth-based Po Valley on Tuesday signed a binding share sale and purchase agreement with Aim-listed Saffron Energy, under which the latter would acquire onshore and offshore oil and gas production, development and exploration assets in northern Italy held by Po Valley Operations (PVO). Subject to... 

Strike testing suitability of Burke graphite for lithium-ion batteries

By: Megan van Wyngaardt     22nd January 2018 Flotation tests conducted by Perth-based Independent Metallurgical Operations at Strike Resources’ high-grade Burke graphite project, in Queensland, have confirmed that a concentrate of purity in excess of 95% and up to 99% total graphitic carbon (TGC) can be produced using a standard flotation... 

Jupiter launches $42m buyback; Pallinghurst to receive $8m

By: Natasha Odendaal     22nd January 2018 Perth-based mining company Jupiter Mines has announced a $42-million off-market equal access share buyback priced at $0.35 apiece. The buyback will be for 5.81% of the shares in Jupiter and is expected to be mostly funded by a significant distribution by subsidiary Tshipi é Ntle manganese mining... 

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

Zim govt flags Prospect’s lithium project as priority

By: Natasha Odendaal     17th January 2018 ASX-listed Prospect Resources’ flagship lithium deposit has been identified as a priority mining development by Zimbabwe’s Office of the President and Cabinet. The Arcadia lithium project has been selected following the new Zimbabwean government’s directive that the Ministry of Mines and Mining... 

Australia’s Vimy maintains positive view on uranium

By: Mariaan Webb     16th January 2018 Perth-based uranium mining hopeful Vimy Resources is maintaining a positive view on the uranium market and will “actively and energetically” engage in contract negotiations this year, to underpin financing for a new mine in the Great Victoria desert of Western Australia. The company, which is... 

The No.1 miner is building an EV hub it doesn't want to keep

By: Bloomberg     11th January 2018 Electric vehicles could hold the key to BHP Billiton finally finding a buyer for its unwanted nickel operations. The world’s top miner is accelerating plans to transform Nickel West in Western Australia into a linchpin of the global supply chain for EV batteries. The switch in focus promises to... 

Resources Watch  

     14th December 2017 This week: Crucial for commodity countries to build economic resilience And, owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

Orion identifies exploration targets through survey

By: Megan van Wyngaardt     14th December 2017 A 962 km2 high-power SkyTEM airborne electromagnetic (EM) survey that dual-listed Orion Minerals started at the Areachap Belt, in the Northern Cape, in late November, has identified four primary and 11 secondary priority targets for exploration. The company now intends to expand its activities to... 

Engineering contractor appointed for Mahenge graphite DFS

By: Mariaan Webb     14th December 2017 Midtier Perth-based engineering company CPC Project Design has been selected as the engineering contractor to deliver a definitive feasibility study (DFS) for the Mahenge graphite project in Tanzania, project owner Black Rock Mining announced on Thursday. CPC was selected in a tender process,... 

Iluka approves WA ilmenite mine

By: Megan van Wyngaardt     13th December 2017 ASX-listed Iluka Resources has approved the development of the Cataby mineral sands deposit in Western Australia, with production expected by June 2019. This follows the signing of take-or-pay offtake agreements for a minimum of 175 000 t/y of synthetic rutile, or approximately 85% of the... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

AWE shares rise on fresh offer from Chinese group

By: Mariaan Webb     8th December 2017 Shares in Australian oil and gas company AWE rose 10% on Friday after State-owned China Energy Reserve and Chemical Group made a fresh offer of $0.73 a share in cash. The offer is A$0.02 higher than the proposal two weeks ago, which the AWE board has brushed off as too low. 

Lithium Australia declares maiden resource at German project

By: Creamer Media Reporter      7th December 2017 Perth-based explorer Lithium Australia has declared a maiden inferred mineral resource estimate of 25-million tonnes at 0.45% Li2O at the Sadisdorf tin/lithium project, in Saxony, Germany. Lithium Australia is farming into a joint venture with Tin International, which previously defined a tin... 

Battery Minerals prepares for Montepuez development

By: Natasha Odendaal     1st December 2017 ASX-listed Battery Minerals is gearing up to start the development of its Montepuez graphite project, in Mozambique, following its $20-million over-subscribed capital raising, the appointment of the lead design engineer and ordering of the primary crusher. Battery Minerals is progressing its... 

Updated price and exchange rate forecasts boost Image BFS

By: Mariaan Webb     27th November 2017 ASX-listed Image Resources has updated its bankable feasibility study (BFS) for the Boonanarring and Atlas mineral sands deposits in the Perth basin to reflect higher commodity prices and an updated exchange rate. The new inputs significantly boosted the project’s economic metrics, with pretax... 

South32 intent on resolving Appin, Cannington challenges

By: Mia Breytenbach     23rd November 2017 Having acknowledged challenges at its Australia operations, particularly at the Appin metallurgical coal mine in Illawarra, New South Wales, diversified miner South32’s focus remains on resolving operational challenges and improving operational efficiency. “We had an unacceptable year as we... 

Gold Fields invests R6m to boost mechanised mining skills

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

Triton inches closer to opening Ancuabe graphite project

By: Megan van Wyngaardt     22nd November 2017 ASX-listed Triton Minerals has started the transition from explorer to developer with the submission by its subsidiary Grafex Limitada of its Mining concession application (MCA) to the Instituto Nacional de Minas (INAMI) for its large flake, high-purity Ancuabe graphite project in northern... 

Venturex raises A$4m from investors

By: Esmarie Swanepoel     17th November 2017 Metals explorer Venturex Resources will raise some A$4-million through an institutional placement to advance its Sulphur Springs copper/zinc project, in Western Australia. The company on Friday said that it would place some 222-million shares, at 1.8c each to institutional and sophisticated... 

Bauxite Resources: Mercantile’s statements misleading

By: Esmarie Swanepoel     17th November 2017 Takeover target Bauxite Resources has defended its position in the wake of a proposed takeover offer from ASX-listed Mercantile Investment Company. Mercantile on November 8 announced its plans to make a proportional off-market takeover bid for Bauxite Resources, offering 9c a share for one of... 

Finders expects lower Dec quarter copper output, higher costs

By: Esmarie Swanepoel     17th November 2017 Copper miner Finders Resources reported on Friday that a delay at its Wetar copper project, in Indonesia, would see quarterly production remain below par. The company lowered its copper cathode production for the December quarter to be between 4 000 t and 5 000 t, from a previous estimate of... 

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