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Esmarie Iannucci
Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.
Underground production starts at Oyu Tolgoi
13th March 2023 Underground production has started at the Oyu Tolgoi copper mine in the Gobi Desert. “We are starting underground production 1.3 km beneath the remote Gobi desert from an ore body that will be critical for global copper production and Mongolia’s ongoing economic development,” said diversified... →
Meteoric strikes $20m deal in Brazil
13th March 2023 ASX-listed explorer Meteoric Resources has inked a definitive agreement to acquire the rare earths rights at the Caldeira project, in Brazil. Under the terms of the agreement, Meteoric will pay the Tongi Group of Companies $20-million in four staged payments out to 2026, and on the start of... →
Australian Vanadium sale inches ahead
13th March 2023 ASX-listed Australian Vanadium’s ambitions to divest its Coates nickel/copper/platinum group elements project and Nowthanna Hill uranium project tenements, in Western Australia, is advancing. The company last year signed an option agreement with unlisted Mining Green Metals (MGM) to divest of... →
Diatreme adds to Northern Silica resource
13th March 2023 Emerging silica sands developer Diatreme Resources has reported an 89% increase in the mineral resource estimate for its Northern Silica project, in Far North Queensland. The project’s resource estimate has increased from the 124.1-milion tonnes estimated previously to 235-million tonnes,... →
Heavy rain halts Ernest Henry
13th March 2023 Mining activities at the Ernest Henry gold mine, in Queensland, halted last week following heavy rains. Gold miner Evolution Mining on Monday said that personnel were removed from the mine due to water entering the mine workings, and operations were suspended. Re-entry into the mine was... →
Austral resumes Queensland operations
13th March 2023 Junior Austral Resources has resumed drilling and blasting activities in Queensland over the weekend, after suspending operations following heavy rainfall. The ASX-listed copper miner said that some 134 t of copper cathode was dispatched from the site over the weekend, with critical supply... →
SQM completes A$20m investment in Azure
13th March 2023 Lithium company Sociedad Química y Minera de Chile S.A. has, through its wholly-owned subsidiary SQM Australia has completed a A$20-million investment in ASX-listed Azure Minerals. The two companies earlier this year announced the deal which sees SQM holding a 19.99% stake in Azure. →
Australia and India to deepen critical minerals ties
13th March 2023 The Australian and Indian governments are hoping to deepen critical mineral cooperation and have agreed to extend existing commitments to the Australia-India Critical Minerals Investment Partnership. The partnership has identified five target projects, two lithium and three cobalt, on which to... →
Rain hits Austral operations
10th March 2023 Copper miner Austral Resources has suspended mining and hauling activities in Queensland following heavy rainfalls. The miner noted that over the past four days, some 376 mm of rainfall had been measured at the Lady Annie operations but noted that there had been zero safety or environmental... →
MRC runs for longer at Tormin
10th March 2023 ASX-listed Mineral Commodities (MRC) has announced a step change at its Tormin mineral sands project, in South Africa, with the transition to 24-hours of operations to process Inland Strands ore. The company said on Friday that the 24-hour operations were required to meet the Inland Strands... →
Atlantic and Piedmont dispute corruption claims in Ghana
10th March 2023 PERTH (miningweekly.com) – Lithium developer Piedmont Lithium on Friday said that, along with its partner Atlantic Lithium, the company was seeking legal advice to address claims made by Blue Orca Capital this week. In a short report, Blue Orca accused Atlantic of corruption, claiming that... →
Catalyst raises fund for Superior buy
10th March 2023 ASX-listed Catalyst Metals on Friday announced a A$22-million capital raise to complete the acquisition of TSX-V listed Superior Gold. Catalyst has received firm commitments from institutional and sophisticated investors for the placement of 22-million shares, at a price of A$1 each. The... →
Canada's Novo consolidates Victorian landholding
10th March 2023 TSX-listed Novo Resources has struck a deal with ASX-listed GBM Resources and fellow listed Kalamazoo Resources over their respective joint ventures in Victoria. ASX-listed junior GBM Resources has inked a sale and purchase agreement with Novo Resources for the remaining 50% interest in the... →
BHP mulling disposal of Queensland coal mines
10th March 2023 Diversified miner BHP on Tuesday flagged plans to divest of the Daunia and Blackwater coal mines, in Queensland, under the BHP Mitsubishi Alliance (BMA). The miner said in its interim results that given its strategy to focus its coal portfolio on the highest quality metallurgical coals, the BMA... →
Aurumin raises exploration funds
9th March 2023 Junior explorer Aurumin will raise A$4.7-million through a share placement and entitlement offer to fund exploration in Western Australia. The ASX-listed company on Thursday announced that it would raise some A$760-million through the placement of 19-million shares, at a price of 4c each to... →
Evion to partner with Urbix on BAM plant
9th March 2023 Vertically integrated graphite developer Evion has entered into a collaboration agreement with US-based battery anode material (BAM) developer Urbix Inc to assess the viability of a BAM plant in Europe. Graphite concentrate from Evion’s Maniry project, in Madagascar, will supply feedstock to the... →
A$15bn NRF Bill advances
9th March 2023 The federal government’s National Reconstruction Fund (NRF) Corporation Bill has passed the House of Representatives. The Bill will establish the NRF which will invest A$15-billion across priority areas of the economy including renewables and low emissions technologies, medical science,... →
New Century suspends zinc ops
9th March 2023 Takeover target New Century Resources has suspended production at its namesake zinc mine, in Queensland, and at the Karumba port facility, following heavy rainfall in the region. The company on Thursday said that only critical dewatering and maintenance activities continued at the moment. →
Atrum to halt share trade
9th March 2023 ASX-listed Atrum Coal will suspend share trading at the end of business on Thursday, after the ASX determined that the company’s level of operations no longer warranted the continued quotation of its securities. Atrum told shareholders that while they would not be able to trade in Atrum shares... →
Climate Council calls for green steel incentives
9th March 2023 Australia’s Climate Council has called on the federal government to deliver strong policy and incentives to drive the transformation of industry, noting that the production of green metals in the region could be the country’s largest economic opportunity in the global shift towards net-zero... →
Rain halts Capricorn Copper
9th March 2023 Heavy rainfall has halted production and all non-essential activity at the Capricorn Copper operation in Queensland. ASX-listed 29Metals told shareholders on Thursday that the wet season for northwest Queensland to date had recorded rainfall significantly above average, including some 370mm of... →
New Century shareholders urged to accept Sibanye's buyout offer
8th March 2023 Takeover target New Century Resources has urged shareholders to accept the A$1.10 a share takeover offer from global metals miner Sibanye-Stillwater. In a statement to shareholders on Wednesday, New Century told shareholders that the suitor had already obtain a relevant interest of 73.41%, and... →
Zambian Minister votes against Argonaut
8th March 2023 The Zambian Minister of Mines and Mineral Development has refused ASX-listed Argonaut Resources’ appeal against the grant of a new licence over the Lumwana West area, in North-Western province in Zambia. The Zambian High Court in February ordered Minister Paul Kabuswe to decide an appeal by... →
Resolute adds to resources and reserves
8th March 2023 Gold miner Resolute Mining has reported a 1.7-million ounce increase in the mineral resource inventory, which now stood at 11.2-million ounces of gold, net of depletion. Ore reserves have increased by 0.6-million ounces to 4.6-million ounces of gold, net of depletion. →
Women making inroads into resources sector
8th March 2023 As the world marks International Women’s Day, the increased participation of women in the Australian resources sector has been noted. The Queensland Resources Council (QRC) on Wednesday noted that women now made up a record 22% of the workforce in Queensland’s A$94.6-billion resources sector, up... →
Vecco starts work on vanadium battery facility
8th March 2023 The Queensland government has welcomed the development of the A$26-million Townsville vanadium battery manufacturing facility being developed by Vecco Group, as Australia’s first commercial-scale vanadium flow battery electrolyte manufacturing facility. Vecco Group’s new facility will produce... →
Wolfsberg proves up for European Lithium
8th March 2023 The definitive feasibility study (DFS) into the Wolfsberg lithium project, in Austria, has demonstrated the project’s economics, ASX-listed European Lithium said on Wednesday. The DFS has estimated a capital cost of $873-million to support a 8 800 t/y lithium hydroxide monohydrate (LHM)... →
Santos advances work on e-methane
8th March 2023 Oil and gas major Santos is advancing work on its carbon neutral e-methane collaboration, having inked an agreement with Osaka Gas Australia (OGA) for pre-front end engineering and design (Pre-FEED) work on a demonstration scale project to produce carbon neutral e-methane from green hydrogen.... →
Neometals improves economics of vanadium recovery project
8th March 2023 ASX-listed Neometals has announced improved economics at its proposed vanadium recovery project (VRP1) in Finland, following the completion of a feasibility study. The feasibility study has highlighted a 40% increase in the project’s projected pre-tax net present value, which is now estimated at... →
Sayona produces first spodumene at NAL
8th March 2023 First spodumene has been produced at the North American Lithium (NAL) operation in Quebec, with ASX-listed Sayona Mining telling shareholders that commissioning of the project was proceeding on schedule and within budget. Some 70 t of lithium concentrate has been produced at NAL, marking a... →
Lynas gets a A$200m investment from Japanese partners
7th March 2023 Rare earths miner Lynas on Tuesday announced that Japan Australia Rare Earths (JARE), a special purpose vehicle established by Japan Organization for Metals and Energy Security (JOGMEC) and Sojitz Corporation, would invest some A$200-million into Lynas’ growth plans. JARE, which is party to a... →
Province goes at it alone at HyEnergy
7th March 2023 ASX-listed Province Resources has appointed services firm GHD to undertake a prefeasibility study (PFS) for the downstream component of its HyEnergy hydrogen project, after taking back full ownership of the project. The HyEnergy project is a green hydrogen development in the Gascoyne region of... →
Mithril eyes merger with Canada's Newrange Gold
7th March 2023 ASX-listed junior Mithril Resources has inked a non-binding term sheet with TSX-V listed Newrange Gold Corp over a potential merger to create an America’s focused exploration and development company. If it proceeds, the proposed merger would be classified as a reverse takeover of Newrange Gold,... →
Australia leading the way in critical minerals - report
7th March 2023 A new report by Geoscience Australia has shown that Australia’ was the world’s top lithium producer in 2021, and was among the top five global producer of 18 mineral commodities, including iron-ore, bauxite, gold, cobalt, mineral sands, rare earths, zinc and nickel. In the Identified Mineral... →
Sayona raises major exploration funds
7th March 2023 Lithium developer Sayona Mining will raise A$54.9-million in a share placement to advance its exploration efforts in Quebec. The miner on Tuesday announced that it had entered into a subscription agreement with PearTree Securities for the issuance of more than 174.4-million shares, at a price... →
Rio prices $650m in bonds in the US
7th March 2023 Major Rio Tinto has priced $650-million of 10-year fixed rate US Securities and Exchange Commission (SEC)-registered debt securities and $1.1-billion of 30-year fixed rate SEC-registered debt securities. The 10-year notes will pay a coupon of 5% and will mature March 9, 2033 and the 30-year... →
Rio agrees to $15m penalty to settle SEC Simandou case
7th March 2023 Diversified miner Rio Tinto has agreed to pay a $15-million civil penalty, without admitting or denying to allegations made by the US Securities and Exchange Commission (SEC) into certain contractual payments made to a former consultant in 2011, relating to the Simandou project in Guinea. The... →
Japan makes A$2.35bn investment in Victorian hydrogen
7th March 2023 The Japanese government, through its Green Innovation Fund, has committed A$2.35-billion to establish the Hydrogen Energy Supply Chain (HESC) project, in Victoria. The HESC project was piloted in January of last year, and achieved a world first by demonstrating that clean liquid hydrogen can be... →
Papua LNG moves to next phase
7th March 2023 Oil and gas major Santos and joint venture (JV) partners TotalEnergies and ExxonMobil have launched a fully-integrated front-end engineering and design (FEED) for the Papua liquefied natural gas (LNG) project in Papua New Guinea (PNG). Papua LNG is expected to have liquefaction capacity of up to... →
Work starts on A$5bn CopperString
7th March 2023 Early works on the A$5-billion CopperString 2.0 project, in Queensland, is expected to start this year, with construction planned to start next year, the Queensland government said on Tuesday. The 1,100 km CopperString 2.0 project is expected to unlock Australia’s largest renewable energy zone... →
Bravus denies damages to water resources at Carmichael
3rd March 2023 Queensland coal miner Bravus Mining and Resources on Friday said that the Environmental Protection Order issued by the state government was not as a result of damage done to the Doongmabulla springs, or to underground water at the much-maligned Carmichael mine. Bravus, which is the Australian... →
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