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Sheffield spin-off Carawine starts trading on ASX

By: Mariaan Webb     14th December 2017 A new exploration company with gold and base metals assets in Victoria and Western Australia started trading on the ASX on Thursday, following an oversubscribed A$7-million initial public offer (IPO) that closed in late November. Carawine was spun out of ASX-listed Sheffield Resources, which is... 

Kirkland Lake disposes of Australian Stawell assets

By: Henry Lazenby     11th December 2017 Triple-listed Kirkland Lake Gold has agreed to sell affiliate Stawell Gold Mines to private firm Arete Capital Partners. Stawell Gold Mines, which holds the Stawell gold mine, located in Victoria, Australia, will pay $6.25-million in cash for the assets, with Kirkland set to retain a 2.5% net... 

India seeks globally accepted regulations, tax

By: Ajoy K Das     8th December 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

Sheffield spinoff Carawine raises A$7m in IPO

By: Mariaan Webb     30th November 2017 The new exploration company housing Sheffield Resources gold and base metals assets in Victoria and Western Australia, Carawine Resources, has raised A$7-million in an oversubscribed initial public offering (IPO). Sheffield, which is focusing on the Thunderbird mineral sands project in Western... 

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

Mining expert urges caution in Pilbara gold rush

By: Mariaan Webb     26th November 2017 As more junior explorers head to the Pilbara in search for gold mineralisation similar to that found in South Africa’s Witwatersrand, Melbourne-based mining consultant Surbiton Associates has urged caution, reminding investors about the costs and risks involved in exploration. “It is good to see... 

Reefton mine, New Zealand

By: Thabi Madiba     17th November 2017 A gold mine located about 7 km south-east of Reefton, in the West Coast region of New Zealand’s South Island. 

India’s Steel Ministry seeks globally accepted regulations, tax for iron-ore mining

By: Ajoy K Das     15th November 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

Queensland’s APLNG directs more gas to domestic market

By: Esmarie Swanepoel     26th October 2017 The Australian Pacific liquefied natural gas (APLNG) project, offshore Queensland, will supply an additional 41 PJ of natural gas to the Australian domestic market, operator Origin Energy reported on Thursday. The new contract increased the APLNG project’s total domestic contracted supply... 

Independence delivers strong start to FY18

By: Esmarie Swanepoel     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,... 

Sheffield to spin-out gold and base metal assets

By: Esmarie Swanepoel     19th October 2017 Mineral sands developer Sheffield Resources has announced plans to demerge its gold and base metals assets into an ASX-listed company. The assets, which are currently held by subsidiary Carawine Resources, include the Jamieson gold-copper-silver-zinc project, in Victoria, and the Oakover and... 

Portland back to full capacity

By: Esmarie Swanepoel     13th October 2017 Aluminium major Alcoa’s Portland smelter, in Victoria, has been restored to full production capacity, following a power outage in December last year. “Our interventions have protected this crucial industry, saved local jobs and continue to support communities in Portland and throughout... 

Queensland gas supply deal enacted

By: Esmarie Swanepoel     4th October 2017 Queensland’s liquefied natural gas (LNG) producers have enacted a deal struck with the federal government to provide sufficient gas supply to the domestic market in 2018 and 2019, signing an industry-government agreement. Shell, Origin Energy and Santos in September agreed to supply an additional... 

Canada's Kirkland Lake buys into De Grey

By: Esmarie Swanepoel     2nd October 2017 Junior De Grey Mining has welcomed Canada’s Kirkland Lake Gold as a strategic investor, with the North American company agreeing to subscribe for A$5-million in shares in the Australian firm. De Grey on Monday said that it would issue more than 33.3-million shares to Kirkland Lake, at 15c each. 

Beach raises first A$201m for Lattice buy

By: Esmarie Swanepoel     2nd October 2017 Oil and gas major Beach Energy has raised about A$201-million of its A$301-million target through an institutional entitlement offer to partially fund the acquisition of Lattice Energy from fellow-listed Origin Energy. Beach CEO Matt Kay told shareholders on Monday that the company was pleased... 

Beach buys Origin’s Lattice for A$1.58bn

By: Esmarie Swanepoel     28th September 2017 Australian oil and gas producer Origin Energy has struck a deal with fellow listed Beach Energy to divest of its conventional upstream oil and gas subsidiary Lattice Energy for A$1.58-billion. Beach told shareholders on Thursday that the acquisition of Lattice would be a transformational... 

Looming east coast shortage sparks war of words over Australian gas

By: Esmarie Swanepoel     27th September 2017 The Victorian and New South Wales state governments have hit back at claims made by Premier Malcolm Turnbull that the state governments are failing to develop available gas resources, exacerbating the looming gas shortage faced by the Australian east coast. Turnbull this week urged the New South... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities

By: Henry Lazenby     26th September 2017 British Columbia is ‘ground zero’ for mining in Canada, as technological advances require an ever-increasing volume of metals to satisfy improving standards of living and environment-friendly technologies. This was the key message to attendees at the fourth yearly Resource Breakfast Series held... 

ENERGY STAND-OFF

By: Martin Creamer     22nd September 2017 Rio Tinto chief executive Jean-Sebastien Jacques, above, is seen during the Minerals Council of Australia (MCA) conference at Parliament House in Canberra, where he chided the Australian government for allowing the country to become one of the most expensively priced energy countries. He warned... 

Origin in A$190m Otway deal

By: Esmarie Swanepoel     11th September 2017 Energy major Origin Energy will pay A$190-million to increase its interest in the Otway gas project joint venture (JV), in Victoria. The ASX-listed company on Monday announced that it would acquire JV partner Benaris’ 27.77% interest in the project, as well as its interest in exploration permits... 

Australian gas exports continue to rise

By: Esmarie Swanepoel     6th September 2017 Australia’s natural gas output reached a record 3 770 PJ in 2017, up 27% on the 2016 financial year, energy market analyst EnergyQuest reported on Wednesday. EnergyQuest CEO Dr Graeme Bethune noted that gas production from the east coast was catching up with demand, with liquefied natural gas... 

Canadian miner investing more in Australia

By: Esmarie Swanepoel     6th September 2017 Canada’s Kirkland Lake Gold has invested C$56-million through a private placement in fellow-listed Novo Resources. Kirkland Gold would acquire 14-million units in the Western Australian-focused Novo, at a price of C$4 each, with the units consisting of one common share and one share purchase... 

WA fracking moratorium bad for investment – industry

By: Esmarie Swanepoel     5th September 2017 The Australian Petroleum Production & Exploration Association (Appea) has slammed a decision by the Western Australian government to ban fracking in the South West, Peel and Perth metropolitan regions, as well as imposing a moratorium throughout the rest of Western Australia. “The government... 

Offshore gas project to lift Cooper Energy gas output sixfold

By: Esmarie Swanepoel     29th August 2017 ASX-listed Cooper Energy on Tuesday announced a final investment decision (FID) for the A$533-million Sole gas project, offshore Victoria, after securing a fully underwritten finance package. The finance package includes a A$250-million senior secured bank debt facility underwritten by Australia... 

MCA, federal Minister blast Victoria’s renewable energy targets 

By: Esmarie Swanepoel     25th August 2017 The Minerals Council of Australia (MCA) has blasted the Victorian government’s attempts to legislate renewable energy targets of 40% by 2025, warning that it would see energy costs in the state further increase. The state government this week introduced legislation to the state Parliament to... 

Portland smelter approaching full capacity

By: Esmarie Swanepoel     21st August 2017 The Portland smelter, in Victoria, is expected to return to full production shortly, securing the future of more than 650 employees and contractors, Industry and Employment Minister Wade Noonan reported on Monday. Aluminium major Alcoa in January initiated work to restart smelting capacity,... 

GBM sells Kangaroo Flat gold plant

By: Esmarie Swanepoel     27th July 2017 ASX-listed GBM Gold has struck a deal to divest of its Kangaroo Flat gold processing plant in a deal valued at A$6.2-million. The 600 000 t/y gold processing plant, which was constructed in 2006, has been purchased by Australian Mining Equipment Exporters, which will export the plant to a... 

MCA warns of new Victorian coal policy

By: Esmarie Swanepoel     11th July 2017 The Minerals Council of Australia (MCA) has warned that the Victorian government’s policy on the future use of coal in the state perpetuates the ‘closed for business’ reputation that the current government has earned. Resources Minister Wade Noonan at the end of last week announced a policy on... 

Jacinth-Ambrosia set for A$7m restart as zircon market tightens

By: Esmarie Swanepoel     22nd June 2017 Mineral sands miner Iluka will restart mining and concentration activities at its Jacinth-Ambrosia operation, in South Australia, by December. The ASX-listed company on Thursday said that the restart would cost some A$7-million to complete, with cash production costs estimated to be about... 

Independence Group to sell Stockman project for A$47m

By: Esmarie Swanepoel     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... 

Victoria plans gas export cap to shore up local supply

By: Esmarie Swanepoel     7th June 2017 The Victorian government on Wednesday proposed reforms to the gas market that would place a temporary cap on gas exports from the state to ensure local supplies. “There is something seriously wrong when you can buy Australian gas in Japan for a cheaper price than what businesses in Victoria are... 

Victorian govt funds another round of exploration

By: Esmarie Swanepoel     19th May 2017 The Victorian government has set aside a further A$1.2-million in funding for five new projects hunting for gold in central northern Victoria. This was the second round of the government’s A$15-million TARGET grants programme, aimed at providing exploration incentives metals explorers to invest... 

Australian resources sector welcomes Budget

By: Esmarie Swanepoel     10th May 2017 The Australian resources sector has welcomed the federal Budget, particularly a A$28.7-million investment in the east coast gas security, and over A$70-billion to 2021 on transport infrastructure across Australia. Minister for Resources Matt Canavan said on Wednesday that the A$28.7 million east... 

Modular plant assists remote mine in accelerating gold production

By: Ilan Solomons     5th May 2017 The first two gold pours were successfully completed in February by Canada-based emerging gold producer TMAC Resources, at its Doris mine and mill complex at the Hope Bay gold project, which is located in the Arctic Circle of Nunavut, in Canada. Mineral processing equipment manufacturer Gekko... 

Iluka revenues soar

By: Esmarie Swanepoel     20th April 2017 Revenue from mineral sand sales from ASX-listed Iluka Resources increased by 118.5% during the three months to March, compared with the previous corresponding period, reflecting an increase in sales volumes. Total revenue for the quarter reached A$218.5-million, compared with A$102.1-million in... 

Cooper Energy approves Sole development

By: Esmarie Swanepoel     29th March 2017 The board of ASX-listed Cooper Energy has approved the development of the Sole gas project, offshore Victoria, with the company launching a A$151-million capital raise as part of its financing initiative to fund the project. The Sole gas project is expected to require a capital investment of some... 

Qld welcomes further investment in Surat basin

By: Esmarie Swanepoel     21st March 2017 The Queensland government has welcomed an announcement by oil and gas major Shell that the QGC joint venture (JV) would drill an additional 161 wells to expand operations in the Surat basin. Shell Australia on Tuesday said that the move would enable further supply to both domestic customers and... 

St Barbara takes share in junior explorer

By: Esmarie Swanepoel     16th March 2017 Gold miner St Barbara has taken a 5% stake in junior Catalyst Metals through a A$1.5-million investment. Catalyst on Thursday announced that three-million ordinary shares, priced at 50c each, had been issued to St Barbara under the subscription agreement. 

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