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Esmarie Iannucci

 

Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.

Email: newsdesk@engineeringnews.co.za

Received BTech degree in Journalism from the Tshwane University of Technology

High east coast gas prices will force business elsewhere, ACCC warns

30th May 2019 The Australian Competition and Consumer Commission (ACCC) has warned that the high gas prices in the east coast of Australia remain a critical issue for domestic gas users, and could see commercial and industrial gas users move out of the region. Speaking at the Australian Petroleum Production... 

Strike raises funds for WA hunt

30th May 2019 ASX-listed Strike Energy has completed a A$12-million share placement to fund drilling in Western Australia. The company on Thursday said that it would issue more than 184.6-million shares at a price of 6.5c each, to profession and sophisticated investors, with the shares placed under Strike’s... 

Galaxy confirms Chinese plant talks

30th May 2019 Lithium miner Galaxy Resources on Thursday confirmed discussions over possible cooperation in a chemical processing plant in China. The confirmation comes following reports that the debt-free Galaxy was looking to invest in a chemicals processing plant in the region. 

Fenix finds a way out through Geraldton port

29th May 2019 Junior iron-ore developer Fenix Resources has struck a joint cooperation agreement with the manager at the Port of Geraldton, in Western Australia, providing export options for its Iron Ridge project. The joint cooperation agreement would see Fenix and the Mid West Ports Authority (MWPA)... 

Lucapa weighing another diamond sale

29th May 2019 Diamond miner Lucapa Diamond Company has reported sales revenue of A$5-million for the sale of a parcel of 7 008 ct of rough diamonds from its Mothae operation, in Lesotho. The ASX-listed company noted that the tender, in Antwerp, included prices of up to $26 000/ct for individual gems. 

Torrens drilling starts a scuffle

29th May 2019 A public stoush has erupted between juniors Argonaut Resources and Aeris Resources over drilling at the Torrens copper project, in South Australia. Aeris on Wednesday announced a pause in drilling at the Torrens project, in which it owns a 70% interest, after the current drillhole reached a... 

South32 joins the Nicholson hunt

29th May 2019 Diversified miner South32 has signed a A$6-million earn-in agreement over ASX-listed Superior Resources’ Nicholson base metals project, in Queensland. Under Stage 1 of the earn-in agreement, South32 would sole fund an initial A$2-million, or 4 000 m of drilling within the first 12 months of the... 

Caravel's copper project a pot of gold

29th May 2019 A scoping study into ASX-listed Caravel Minerals’ copper project, in Western Australia, has shown that the project could generate revenues of A$10.6-billion and free cash flow of A$3.1-billion over a 23-year mine life. The scoping study estimated that a capital investment of A$481-million would... 

Cape Lambert secures A$15m funding

29th May 2019 ASX-listed Cape Lambert has inked a non-binding term sheet for a A$15-million finance facility to provide flexibility in its negotiations for either an offtake or strategic partner that could result in alternative funding. The term sheet provided by Winance Investment was for A$15-million by way... 

Australia’s next wave of LNG projects need to be better executed – analyst

29th May 2019 Advisory firm Wood Mackenzie (Woodmac) has warned that Australia has to be more competitive to progress $50-billion-plus worth of planned liquefied natural gas (LNG) projects that are targeted for a final investment decision (FID) in the next three years. Speaking at the Australian Petroleum... 

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