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Shell to drill 250 new wells at Queensland venture

By: Esmarie Iannucci     10th October 2018 Energy major Shell has announced plans to produce more gas from its QGC joint venture, in the Western Downs region of Queensland. Under the Goog-a-binge project, Shell will progressively drill 250 new wells during 2019 and 2020, which will connect the existing QGC gas processing plants and bring... 

Chalice step-change releases funds to investors

By: Esmarie Iannucci     2nd October 2018 ASX- and TSX-listed Chalice Gold Mines has shifted gears, announcing its intention to focus on exploring its Australian and Canadian assets, rather than the acquisition of an advanced resources project. “After realising more than $100-million in net proceeds from asset sales over the last... 

Queensland fires up for gas supply challenge

By: Creamer Media Reporter      26th September 2018 More explorers are on the hunt across Queensland for gas for the hungry Australian market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham on Tuesday announced that four companies would soon start exploring more than 6 600 km2 for more gas for local use, as well as export dollars. 

Further Australian LNG projects needed to keep prices in check

By: Esmarie Iannucci     12th September 2018 New Australian liquefied natural gas (LNG) supplies will have to come on line by 2028 in order to forestall a shortage, advisory firm Wood Mackenzie (WoodMac) has forecast. “The Queensland LNG export projects have shattered the east coast’s ‘cheap gas forever’ mentality,” WoodMac director for... 

ECR Minerals shares rise on Australia gold exploration update

By: Mariaan Webb     3rd September 2018 London-listed ECR Minerals believes there is potential for a significant gold discovery at its Blue Moon gold project in Victoria, Australia, and will initiate a deeper reverse circulation drilling programme in the coming months to test the prospect’s potential. The company said on Monday that... 

Victoria sets exploration targets with new strategy

By: Esmarie Iannucci     28th August 2018 The Victorian state government has launched a new mineral resources strategy to ensure continued growth in the resources sector. Resources Minister Tim Pallas on Tuesday launched the State of Discovery strategy, setting out targets of total exploration investment of A$220-million by June 2023... 

Australia faces increased blackout risks this summer as coal plants age

By: Reuters     24th August 2018 The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable, the nation's energy market operator said on Friday, calling for more power investment in the next few years. The Australian Energy Market Operator's (AEMO)... 

BHP reaches $50m settlement in US lawsuit

By: Esmarie Iannucci     9th August 2018 Mining major BHP has reached a $50-million settlement on a class action filed in the US District Court in New York regarding the Samarco dam failure, in 2015. The settlement comes with no admission of liability from the miner, and was still subject to approval by the District Court. 

Great Australian Bight holds a treasure trove for South Australia

By: Esmarie Iannucci     6th August 2018 A new study by the Australian Petroleum Production and Exploration Association (Appea) has found that successful oil exploration in the Great Australian Bight could see the creation of more than 2 000 jobs in South Australia and generate over A$7-billion a year in average tax revenue to federal... 

Kirkland Lake chases higher FY target

By: Mariaan Webb     1st August 2018 A strong first-half performance from the Fosterville and Macassa mines has provided Toronto-based Kirkland Lake Gold with enough confidence to increase its consolidated full-year production guidance by 15 000 oz to more than 635 000 oz. The miner produced 312 329 oz in the first six months of... 

Victoria aims to kick-start mining boom with A$15m exploration grant

By: Esmarie Iannucci     27th June 2018 The Victorian government has freed up a further A$5.5-million under its A$15-million TARGET Mineral Exploration Initiative, to encourage investment in the region. Resources Minister Tim Pallas said on Wednesday that the co-funded grants would be available to 11 exploration licence holders. 

Victoria reveals changes to EPA

By: Esmarie Iannucci     22nd June 2018 Victorian Environment Minister Lily D’Ambrosio has introduced the Environment Protection Amendment Bill 2018 into Parliament, which will give the Environment Protection Authority (EPA) the powers and tools it needs to stop pollution. The Bill was part of the Victorian government’s A$180-million... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Iannucci     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

Yendon DFS on the cards after positive results

By: Esmarie Iannucci     14th June 2018 A prefeasibility study (PFS) into the Yendon alumina project, in Victoria, has estimated that the project would require a capital investment of A$271-million to support an annual production of 8 000 t of high purity alumina. ASX-listed Hill End Gold on Thursday reported that the project was... 

AuStar takes ownership of Rose of Denmark

By: Esmarie Iannucci     13th June 2018 Gold junior AuStar Gold has taken full ownership of the Rose of Denmark gold project, in Victoria. The company told shareholders that it had acquired the remaining 51% interest of the mining license that holds the project, from Shandong Tianye Real Estate Development Group for A$225 000 in... 

Victoria seeks to unlock more affordable gas for residents

By: Esmarie Iannucci     8th June 2018 The Victorian government is hoping to unlock more gas supply to provide residents in the state with greater access to affordable gas. The state government on Friday announced that the Victorian Gas Programme (VGP) will be encouraging new commercial offshore gas exploration through the release of... 

AuStar pours first gold

By: Esmarie Iannucci     31st May 2018 Junior AuStar Gold has poured its first gold at the Morning Star gold mine, in Victoria, since 2012. The ASX-listed company told shareholders that following the upgrade and commissioning of the gold processing plant, the company used low-grade stockpiles from the previous mining operations to... 

Manas withdraws from Tanzania buy

By: Esmarie Iannucci     25th May 2018 Explorer Manas Resources has abandoned its bid to acquire the Victoria gold project, in Tanzania, after a lack of progress to transfer the licence, as well as challenging conditions facing mining companies operating in the country. Manas in April last year struck a deal to acquire the Victoria... 

Zimbabwe mines need $11bn investment to modernise

By: Reuters     18th May 2018 Zimbabwe needs up to $11-billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on Friday. Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe... 

Zimbabwe lithium excites but projects face funding hurdle

By: Reuters     18th May 2018 Zimbabwe has a small window of up to 24 months to start producing battery grade lithium and ride the wave of high prices, miners said on Thursday, but the country's high political risk made financing projects difficult. Since the fall of Robert Mugabe after a de facto military coup last November,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Iannucci     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

Hill End weighs gold options

By: Esmarie Iannucci     11th May 2018 ASX-listed junior Hill End Gold has appointed advisors PCF Capital to undertake a strategic review of the company’s gold projects, in order to unlock value. Hill End’s gold projects included the Hill End and Hargraves gold projects, in New South Wales, which had existing gold resources of 572... 

BHP sells Minerva plant to Cooper Energy and partners

By: Esmarie Iannucci     1st May 2018 ASX-listed Cooper Energy, in joint venture (JV) with AWE and Mitsui E&P Australia, has struck a deal with mining major BHP to acquire that company’s 90% interest in the Minerva gas plant, in Victoria. Cooper Energy, which already holds a 10% interest in the gas plant, would hold a 50% interest... 

Morning Star plant recommissioned

By: Esmarie Iannucci     12th April 2018 ASX-listed AuStar Gold has completed the recommissioning of the process plant at the Morning Star gold mine, in Victoria. “Another major milestone has been achieved in our successful recommissioning of the processing plant at the Morning Star gold mine,” said AuStar Gold CEO Tom de Vries. 

Chalice to explore ‘highly prospective’ northern Bendigo region

By: Mariaan Webb     26th February 2018 ASX- and TSX-listed Chalice Gold Mines has set its sights on prospective ground in the northern Bendigo gold field, in north-western Victoria, where it has submitted applications for two exploration licences covering 1 300 km2. The Bendigo Zone, north of the 18-million ounce Bendigo gold field,... 

Industry blames red tape, 'policy surprises' for Australia's fall in mining survey

By: Creamer Media Reporter      23rd February 2018 Western Australia, South Australia, Queensland, the Northern Territory and Victoria fell in mineral investment attractiveness, according to the Fraser Institute’s ‘Annual Survey of Mining Companies for 2017’. Western Australia fell for the third year dropping from first in 2015 to third in 2016... 

Kirkland Lake net earnings surge on production growth

By: Nadine James     22nd February 2018 Gold miner Kirkland Lake Gold has released strong financial and operating full year results for 2017, including a 90% increase in production and improved cash flow. The Toronto-headquartered company produced 596 405 oz in 2017, an increase of 90% from 2016, largely owing to the full-year... 

Independence to cease mining at Long nickel mine in May

By: Mariaan Webb     1st February 2018 The Long nickel mine, near Kambalda, Western Australia, is set for closure this year, Independence Group announced in its December quarter results. Mining will cease on May 31, after which the underground mine will enter care and maintenance. The Long mine produced 1 374 t of contained nickel and... 

British Columbia further hamstrings oil pipeline development

By: Henry Lazenby     31st January 2018 The coalition British Columbia provincial government has moved the goal post for crude oil pipeline operator Kinder Morgan yet again, adding another hurdle to the seemingly insurmountable legal obstacles that stand in the way of the company twinning its existing pipeline between Alberta's oil... 

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... 

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... 

Kirkland achieves FY17 production records

By: Natasha Odendaal     12th January 2018 Triple-listed Kirkland Lake Gold has finished the 2017 financial year strong, achieving record production across the board and surpassing an already-improved guidance. Kirkland achieved full-year 2017 production of 596 405 oz – a 10% increase on the prior year – beating its revised guidance of... 

Stavely signs earn-in, JV deal for copper tenement

By: Megan van Wyngaardt     12th January 2018 ASX-listed Stavely Minerals has agreed terms for an earn-in and joint venture (JV) agreement with Black Range Metals – a wholly-owned subsidiary of ASX-listed Navarre Minerals for Black Range’s exploration licence EL5425.  The licence is adjacent to Stavely’s Yarram Park project and surrounds the... 

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... 

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