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Esmarie Iannucci
Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.
Tivan strikes A$20m deal for Speewah
20th February 2023 ASX-listed Tivan has struck A$20-million a deal with ASX-listed King River Resources to acquire the Speewah vanadium/titianium/iron project, in Western Australia. Under a binding term sheet signed between the two companies, Tivan would acquire all the issued capital of Speewah Mining, which owns... →
Jupiter revels in more dividends from Tshipi
20th February 2023 ASX-listed Jupiter Mines on Monday announced that its 49.9%-held Tshipi é Ntle Manganese Mining has declared a R750-million final dividend to its shareholders for the second half of the current financial year, ending February 28. Jupiter will receive its share of this dividend, equating to... →
ACCC lays charges against Swift
20th February 2023 The Australian Competition and Consumer Commission (ACCC) has launched Federal Court proceedings against technology company Swift Networks for alleged bid rigging and price fixing when tendering to supply equipment and services to five Pilbara mining village sites. The ACCC alleges that on five... →
Exploration grants open in NT
20th February 2023 The Northern Territory government has opened its Geophysics and Drilling Collaboration programme for 2023-24, with up to A$3-million in funding available to encourage exploration activity in the region. Part of the A$9.5-million Resourcing the Territory program, these grants aim to address... →
Profit fall at Northern Star
20th February 2023 Gold miner Northern Star Resources has reported an 83% fall in net profit after tax for the half-year to December, and a 34% fall in earnings before interest, taxes, depreciation and amortisation (Ebitda). Net profit fell from the A$276.8-million in the half-year ended December 2021, to... →
Australian hydrogen offers massive potential - MCA
20th February 2023 A new report by the Minerals Council of Australia (MCA) has found that Australia had the potential to be a significant provider of clean hydrogen, and could potentially be a leader in clean ammonia. MCA CEO Tania Constable noted that with substantial carbon capture, utilisation and storage... →
PNX gets enviro nod for Fountain Head
17th February 2023 The Northern Territory government has green-lit the Fountain Head gold project. ASX-listed PNX Metals on Friday reported that the Northern Territory’s Minister for Environment, Climate Change and Water Security had granted environmental approval for the development of the Fountain Head project,... →
Interest soars for S Australia's hydrogen megaproject
17th February 2023 The Office of Hydrogen Power South Australia was continuing with its request for proposals (RfP) process for the Whyalla green hydrogen project, with the process expected to close on March 14. The state government has set aside A$595-million to build a hydrogen power station, electrolyser and... →
Rinehart retains throne in Aus
17th February 2023 Mining magnates Gina Rinehart and Andrew Forrest has taken out the top spots of Australia’s 50 richest on the 2023 Forbes list. The collective wealth of Australia’s 50 richest soared by 70% to $213-billion, from $125-billion in 2019, when the list was last published, with Forbes saying this... →
Lion One accelerates Fiji work
17th February 2023 ASX- and TSX-V listed Lion One Metals on Friday announced that it would accelerate the mine development and construction of its Tuvatu Alkanine gold project, in Fiji, following the completion of project financing. The company earlier this month completed a debt and equity transaction receiving... →
Panoramic marks the end of an era
17th February 2023 Nickel miner Panoramic Resources has delivered the final nickel/copper/cobalt concentrate shipment to offtake partner Jinchuan Group, closing the door on a 20-year cooperation. A total of 8 185 t of concentrate was loaded on to ship for final delivery to Jinchaun as part of a 2018 concentrate... →
BP advances renewable fuels plan in WA
17th February 2023 Energy major BP has marked a milestone at its planned renewable fuels project in Kwinana, Western Australia, with the company now progressing with engineering plans. The Kwinana Renewable Fuels project is part of the global multi-billion dollar investment by BP and will see existing refining... →
MinRes takes majority share of Norwest
17th February 2023 ASX-listed Mineral Resources (MinRes) has taken a majority interest in takeover target Norwest Energy, after gaining a 53.86% share in the company. As a result of MinRes’ interest in the company now exceeding more than 50%, the suitor has extended the closing date for its takeover offer until... →
Piedmont strikes share and offtake deal as NAL progresses
17th February 2023 Lithium developer Piedmont Lithium has inked a $75-million investment and offtake agreement with global chemicals company LG Chem. Under the agreement announced on Friday, LG Chem would subscribe for more than 1.09-million shares in Piedmont, at a price of $68.40 a share, resulting in LG Chem... →
Rio joins aluminium forces with Marubeni
16th February 2023 Diversified major Rio Tinto has partnered with Japanese major Marubeni Corporation, agreeing to a first sale under a strategic collaboration agreement to secure a sustainable and reliable supply of Rio’s Responsible Aluminium products to Japanese downstream manufacturers. Rio in 2016 launched... →
Origin confirms consortium talks still ongoing
16th February 2023 ASX-listed Origin Energy on Thursday confirmed that it was still in talks with a consortium over a potential takeover offer. The company in November last year received a A$9 a share non-binding indicative takeover offer from the consortium, which includes Brookfield Asset Management and... →
Hope lost as miners at Dugald River found
16th February 2023 The bodies of two workers at the Duglad River zinc mine, in Queensland, have been recovered. The two workers were unaccounted for following an incident at the MMG mine on Wednesday. →
End looms for hold-out Warrego shareholders
16th February 2023 Suitor Hancock Energy has gained an 83% foothold in takeover target Warrego Energy, with the Warrego board now unanimously recommending that shareholders accept the offer before it closes on February 24. Hancock is offering Warrego shareholders 36c a share for their interest in the company. →
New Hope readies for restart at New Acland
16th February 2023 Coal miner New Hope on Thursday said that work was under way to resume mining operations at the New Acland project, in Queensland, as all primary approvals for the New Acland Stage 3 project was in place. New Hope was in October last year granted the associated water license for the New Acland... →
Evolution posts solid half-year
16th February 2023 Gold miner Evolution Mining has reported an 11% increase in statutory net profits for the half-year ended December, as gold production increased by 3% and copper production rose by 194%. Evolution reported a statutory net profit after tax of A$101-million, up from the A$91-million reported in... →
Whitehaven breaks profit record
16th February 2023 Higher coal prices has seen ASX-listed Whitehaven Coal report record net profits after tax and record revenues for the six months ended December. The company on Thursday said that net profits after tax had reached a record A$1.8-billion for the half-year under review, a 423% increase on the... →
Newcrest rejects Newmont bid, but open to negotiation
16th February 2023 Gold miner Newcrest Mining has rejected the takeover offer from gold major Newmont Corporation, saying the offer did not represent sufficient value for Newcrest shareholders. Newmont last week offered Newcrest shareholders 0.38 Newmont shares for every Newcrest share held, which would result in... →
Miners still missing at Dugald River
16th February 2023 Search and rescue efforts at the Dugald River zinc miner, in Queensland, were ongoing after two contract miners went unaccounted for following an incident at the mine. Contractor Perenti said its subsidiary Barminco was working closely with miner MMG and the relevant authorities to progress the... →
South32 not expecting cost blow-out at Hermosa
16th February 2023 While ‘higher inflation and uncontrollable costs’ have impacted diversified miner South32’s statutory profits for the half-year ended December, the miner was confident that costs at its Hermosa project, in Arizona, was unlikely to increase. Speaking on a conference call on Thursday, South32 CEO... →
Vital chair takes a bow
15th February 2023 Rare earths miner Vital Metals has announced the immediate resignation of non-executive chairperson Evan Cranston, who has served in the role since 2020. “Vital has had its ups and downs over the past few years. With the recent addition of Lionhead Resources as a shareholder and John Dorward as... →
Lady Colleen offering opportunity for Austral
15th February 2023 A scoping study into the Lady Colleen copper project, in Queensland, has found that the project could produce some 44 000 t of copper over a five-year period, at a C1 cost of around $2.78/lb. The scoping study is based on the construction of an opencut mine at Lady Colleen, with copper... →
Covalent delays first lithium hydroxide
15th February 2023 First lithium hydroxide from Covalent Lithium’s Kwinana refinery, in Western Australia, has been delayed by six months, until the first half of 2025. ASX-listed Wesfarmers, which jointly owns Covalent with with Chile's SQM, on Wednesday told shareholders that while labour availability and... →
Two workers missing at undergound mine in Qld
15th February 2023 Two workers are missing at metal miner MMG’s Dugald River zinc mine, in Queensland, following an incident, which is reported to be a ground collapse. MMG said in a statement that two Barminco employees remained unaccounted for following the incident, adding that the site’s response team had... →
MinRes invests in EVs
15th February 2023 Diversified miner Mineral Resources (MinRes) is expected to take delivery of the first batch of Australian-engineered electric Toyota HiLux utes for its mine site operations in April this year. The company on Wednesday announced that it had placed an order with mining industry vehicle supplier... →
Strike unveils Warrego windfall
15th February 2023 ASX-listed Strike Energy on Wednesday revealed that it would realise A$136-million in proceeds from the sale of its interest in takeover target Warrego Energy to suitor Hancock Energy. Strike earlier this month bowed out of the tussle for ownership of Warrego, accepting Hancock’s increased... →
Pantoro completes bookbuild for A$75m raise
15th February 2023 Gold miner Pantoro has completed the bookbuild for it’s A$75-million capital raise, announced this week. The company said on Wednesday it had received firm commitments for an institutional placement, which will be undertaken in two tranches. The first tranche will consist of more than... →
Fortesue sees costs rise
15th February 2023 Iron-ore major Fortescue Metals on Wednesday reported a 4% fall in revenue for the half-year ended December, despite iron-ore shipments in the first half of the yar reaching a record 96.9-million tonnes, a 4% increase on the previous corresponding period. Revenue for the first half of the 2023... →
Red 5 sets cost target at King of the Hill
15th February 2023 Gold miner Red 5 has confirmed its production guidance for the first half of 2023 at between 90 000 oz and 105 000 oz at its King of the Hill (KOTH) mine, in Western Australia, and has put an estimate on its all-in sustaining costs for the period of between A$1 750/oz and A$1 950/oz. Red 5... →
Scoping study proves Manna's potential
14th February 2023 A scoping study into the Manna lithium project, in Western Australia, has found that the project could support the production of 2.2-million tonnes of spodumene concentrate over a ten-year mine life. ASX-listed Global Lithium Resources based the scoping study on a mineral resource estimate of... →
Thunderbird costs tracking to plan
14th February 2023 The construction of the Thunderbird mineral sands project, in Western Australia, would be completed within the A$484-million budget, ASX-listed Sheffield Resources said on Tuesday. Construction has is over 75% complete and first delivery of mineral sands product remains on track for the first... →
Buru's plans for Rafael worry environmentalists
14th February 2023 ASX-listed Buru Energy has come under fire from an environmental group over its plans to develop the Rafael conventional gas and condensate discovery, in the Canning Basin. Buru this week revealed that fellow listed Origin Energy would assign its interest in the Canning Basin joint venture to... →
Aura grows confidence in Tiris resource
14th February 2023 Dual-listed junior Aura Energy has reported a 52% increase in the measured and indicated resource at its Tiris uranium project, in Mauritania. The measured and indicated resource now stands at 62.1-million tonnes at 216 parts per million uranium oxide, for 29.6-million pounds of uranium oxide. →
Nopsema backs Dorado development
14th February 2023 The National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) has accepted oil and gas major Santos' offshore project proposal (OPP) for the Dorado development. Santos said on Tuesday that with the grant of a production licence in April of last year, the project now had... →
Geopacific makes new plans at Woodlark
14th February 2023 ASX-listed Geopacific Resources is hoping to update the operating and capital cost estimate for its Woodlark gold project, in Papua New Guinea, during 2023. The company in May last year suspended all detailed engineering and civil works after warning of a material increase in the capital cost for... →
Santos flags impairment charges
14th February 2023 Energy major Santos on Tuesday flagged a $328-million impairment charge over its production and exploration assets, while releasing its annual reserve and resource statement. Santos expects to recognise an impairment of approximately $147-million before and after tax in the 2022 full-year... →
Lynas hoping to appeal licence conditions
14th February 2023 Rare earths miner Lynas will be launching legal appeals in Malaysia, despite the Atomic Energy Licensing Board having renewed the company’s operating licence for a period of three years, effective from March 3, 2023. Lynas on Tuesday told shareholders that the operating licence was renewed with... →
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