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Esmarie Iannucci
Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.
POSCO puts Jindalee's McDermitt under the microscope
13th February 2023 ASX-listed Jindalee Resources has inked a non-binding memorandum of understanding (MoU) with major Korean conglomerate POSCO to jointly research the McDermitt lithium project, in the US. The MoU followed an initial analysis of McDermitte ore undertaken by POSCO in 2022, and would see Jindalee... →
Beach posts mixed bag as Waitsia costs surge
13th February 2023 ASX-listed Beach Energy has reported some mixed results for its half-year ended December, days after announcing a cost blow-out at the Waitsia Stage 2 project. Beach on Monday reported that sales revenue for the six months under review was up by 3% to A$813-million, while underlying earnings... →
Ora Gold raises cash, appoints new CEO
13th February 2023 Junior Ora Gold will raise A$8.85-million in a fully underwritten renounceable rights issue to f und drilling work in Western Australia. The company will undertake a three-for-one renounceable entitlement offer will be priced at 0.3c a share and will be issued with one free attaching new option... →
Tulla and Pantoro strike merger deal
13th February 2023 Joint venture (JV) partners Pantoro and Tulla Resources on Monday announced a merger under which Pantoro would acquire Tulla to gain full ownership of the Norseman gold project, in Western Australia, and create a new mid-cap ASX-listed gold company. The merged entity would have a targeted... →
Senex warns on market intervention
13th February 2023 Gas producer Senex Energy has called on the federal government to re-think intervention plans, warning that it could drive away investment in the Australian gas sector and could risk electricity shortages. In a submission to the government’s Gas Market Consultation, Senex CEO Ian Davies said the... →
Vulcan delivers DFS for German project
13th February 2023 The definitive feasibility study (DFS) for Phase One of the Zero Carbon lithium project, in Germany, has estimated a capital cost of €1.49-billion, up from the €700-million considered in the 2020 prefeasibility study, as ASX-listed Vulcan Energy increased the project scope. The DFS is targeting... →
WorkSafe brings charges against Fortescue
13th February 2023 Iron-ore major Fortescue is facing charges from WorkSafe over the alleged failure to supply documents relating to 34 cases of alleged sexual harassment at the miner’s sites in the Pilbara. WorksSafe announced that Fortescue had been charged with 34 counts of refusing or failing to comply with a... →
FFI hoping to make NZ skies carbon free
13th February 2023 Green energy developer Fortescue Future Industries (FFI) has joined a consortium of six international businesses to bring zero-emission aviation to New Zealand. The Hydrogen Consortium’s vision is to support the country to pioneer the commercial deployment of green hydrogen-powered aircraft. →
Chevron invests A$38m in Australian CCS
10th February 2023 US energy major Chevron this week announced that it would contribute some A$38-million to carbon capture and storage (CCS) research projects in Western Australia and Victoria, advancing knowledge of the critical emissions technology for a lower carbon future. Some A$22-million has been committed... →
Catalyst extends Vango offer
10th February 2023 Suitor Catalyst Metals has extended its takeover offer period for fellow-listed Vango Minerals until March 6. Under the A$66-million takeover offer, Vango shareholders will receive 5 Catalyst shares for every 115 Vango shares held. The offer implies a value of 5.2c to each Vango share held,... →
West Wits sets A$2.5m raising target
10th February 2023 Junior West Wits Mining will raise A$1.5-million to advance its Witwatersrand Basin gold project, in South Africa. The ASX-listed company on Friday said it had received firm confirmation for the placement of more than 107.1-million new shares, at a price of 1.4c each, representing a 13.8%... →
Silver Mines raises cash for Bowdens project
10th February 2023 Silver developer Silver Mines has completed an A$18-million capital raise to progress work at its Bowdens silver project, in New South Wales. The ASX-listed company on Friday reported that it had completed a share placement to institutional, sophisticated and professional investors, issuing some... →
Consolidated Zinc to divest of Mexican mine
10th February 2023 ASX-listed Consolidated Zinc has struck a $6-million deal to sell its Plomosas zinc project, in Mexico, to TSX-V and FSE-listed Impact Silver Corp. The two companies have signed a binding conditional share sale agreement for the sale of the project for the purchase price of $6-million,... →
Santos inks VPA with Narrabir shire
10th February 2023 Oil and gas major Santos has finalised a voluntary planning agreement (VPA) worth A$14.5-mllion with the Narrabri Shire Council, enshrining that the Narrabri community will significantly benefit from Santos’ operations in the region. The VPA delivers a range of key infrastructure upgrades in the... →
King calls for input into ADGSM
9th February 2023 The federal government is calling for feedback on reforms to the Australian Domestic Gas Security Mechanism (ADGSM) that will ensure Australia has enough gas to meet domestic demand while protecting long-term international contracts. The ADGSM was designed by the previous government and is a... →
Miners call for certainty on FTC
9th February 2023 The Minerals Council of Australia has applauded comments from Prime Minister Anthony Albanese that the government would not consider changes to the Fuel Tax Credit (FTC) scheme, with CEO Tania Constable saying it is recognition of the importance the scheme plays in the current and future... →
Hancock urges Warrego hold-outs to accept offer
9th February 2023 Suitor Hancock Energy has urged the remaining shareholders in takeover target Warrego Energy to accept the 36c a share cash offer, after fellow-suitor Strike Energy this week ceded the battle. Strike this week announced that it would accept Hancock’s offer for its own 25.99% shareholding in... →
Mineral exports buoy Australian economy
9th February 2023 The Minerals Council of Australia (MCA) has welcomed the latest trade data for 2022, saying it highlighted the contribution of the resources sector to the Australian economy. “With a record high of A$461-billion in 2022, up 31% from the previous record set in 2021, global demand for Australia’s... →
Oil and gas producers calls for changes to Code of Conduct
9th February 2023 Australian oil and gas producers have called on the government to change the direction of the proposed mandatory code of conduct to allow investment in new supply to avoid shortfalls and put downward pressure on prices. Along with a cap on gas prices introduced in December last year, the federal... →
ERA restarts funding hunt
9th February 2023 ASX-listed Energy Resources of Australia (ERA) on Thursday announced that it had re-established the Independent Board Committee to resume discussions around funding requirements. The Independent Board Committee will comprise the three recently appointed independent non-executive directors,... →
S Australia denies mining licence to Terramin
9th February 2023 The South Australian government has refused ASX-listed Terramin Australia’s application for a mining lease and a miscellaneous purposes licence in respect of the Bird in Hand gold project. Terramin on Thursday told shareholders that the company was surprised and disappointed by the decision,... →
Santos restart John Brookes
9th February 2023 Oil and gas major Santos has resumed production at the John Brookes platform, offshore Western Australia, with the company saying ramp-up to full rates was expected in the coming days. Santos in late November last year temporarily shut down the platform after identifying a leak in the main gas... →
Azure adds to Andover resource
8th February 2023 Junior Azure Minerals has reported a 28% increase in the mineral resource estimate at its Andover nickel project, in Western Australia. Azure on Wednesday reported a maiden mineral resource estimate of 1.3-million tonnes, at 1.11% nickel, 0.46% copper and 0.05% cobalt for 14 700 t of contained... →
Pure supports biomass to hydrogen plant
8th February 2023 Clean energy developer Pure Hydrogen Corporation has executed a convertible note purchase agreement with biomass energy solutions provider CAC-H2 to partly fund the construction of a hydrogen plant at Moreton Bay, in Queensland, during 2023. Under the terms of the agreement, Pure will initially... →
AIC raises A$30m to expand on copper plans
8th February 2023 ASX-listed AIC Mines will raise A$30-million in a share placement to institutional and sophisticated investors to fund initial work at its Jericho and Eloise projects, in Queensland. The company has received firm commitments for the placement of 66.7-million shares, at a price of 45c each. The... →
Strike accepts Hancock offer for Warrego
8th February 2023 ASX-listed Strike Energy on Wednesday abandoned its takeover plans for fellow-listed Warrego Energy, and has instead accepted the takeover offer made by Hancock Energy for its shareholding in that company. Hancock’s interest in Warrego currently stood at 52.17%, with the company recently... →
Fortescue plans mining in Gabon in 2023
8th February 2023 Iron-ore major Fortescue has signed a mining convention for its Belinga iron-ore project, in Gabon, with mining planned to start in the second half of 2023. The mining convention governs all the legal, fiscal and regulatory regimes for the 4 500 km2 which comprises the Belinga project, including... →
BHP shuts iron-ore operations after fatality
8th February 2023 Diversified miner BHP has reported a fatality at its rail yard in Port Hedland. The company said on Wednesday that its Western Australia Iron Ore operations have been suspended for a period of 24 hours following the incident. →
Orion Minerals locks in IDC funding
8th February 2023 Dual listed copper developer Orion Minerals has signed a definitive agreement for a R250-million convertible loan to advance the development of its Prieska copper/zinc mine, in South Africa. The agreement was struck with the Industrial Development Corporation (IDC) of South Africa, under which... →
Magnetite Mines finds port solution for Razorback
7th February 2023 Junior Magnetite Mines has signed a non-binding memorandum of understanding (MoU) with Whyalla Ports, part of the GFG Alliance, to investigate the use of port handling and shipping facilities to export magnetite concentrate from the Razorback iron-ore project, in South Australia. Export... →
RSHQ gives directives to Qld miners
7th February 2023 Resources Safety and Health Queensland (RSHQ) has issued compliance directives to mine operators in Queensland following a series of serious incidents at Central Queensland coal mines involving mobile equipment operating on coal stockpiles. The directives follow three recently reported... →
OreCorp finds power for Nyanzaga
7th February 2023 Gold developer OreCorp has inked a non-binding memorandum of understanding (MoU) with Tanzanian electricity supply company TANESCO to extend grid power to the Nyanzaga gold project. It is intended that power to Nyanzaga will be supplied by the TANESCO national grid and delivered via a new 53km... →
Feasibility work to start at Pioneer Dome
7th February 2023 A scoping study into the Pioneer Dome lithium project, in Western Australia, has supported a decision to progress to more detailed studies, ASX-listed Essential Metals said. The scoping study was based on a mineral resource estimate of 11.2-million tonnes, at 1.16% lithium oxide, containing 129... →
Amani sells Giro for $30m
7th February 2023 Minerals and metals explorer Amani Gold on Tuesday announced a $30-million transaction to divest of its Giro gold project, in the Democratic Republic of Congo (DRC). The company has signed a binding term sheet with Mabanga Mining SARL for the sale of Amani’s shareholding in its DRC-based entity... →
Lithium Australia sells Lake Johnston interest
7th February 2023 ASX-listed Lithium Australia has struck a deal with fellow-listed Charger Metals to divest of its remaining 30% stake in the Lake Johnston lithium project, in Western Australia. The agreement also included Lithium Australia’s remaining 30% interest in the contractual rights to the lithium in... →
EV Resources secures A$25m in funding
7th February 2023 ASX-listed EV Resources has secured a A$25-million investment commitment from Sapphire Global Energy Fund to fund working capital and potential acquisitions. EV on Tuesday reported that the investment would be made via an equity drawdown facility, which would have a 60-month period starting on... →
FFI advances Norwegian green hydrogen
7th February 2023 Green energy developer Fortescue Future Industries (FFI) has advanced its Holmaneset green hydrogen project, in Norway, to the next phase by completing a scoping study to identify potential locations for the 300 MW green hydrogen and green ammonia facility and associated port facilities.... →
Hastings adds to Yangibana reserve
6th February 2023 Rare earths developer Hastings Technology Metals has reported a 25% increase in the ore reserve at its Yangibana project, in Western Australia. The project’s total proven and probable ore reserve has now increased to 20.93-million tonnes, up from the 16.7-million tonnes previously estimated, at... →
Rex hunting for Hillside partner
6th February 2023 Junior Rex Minerals is hunting for a partner for its Hillside copper/gold project, in South Australia. The ASX-listed company is seeking direct participation through a minority interest in the project, and has already received a number of project participation and product offtake inquiries, Rex... →
JV partners commit Greater Sunrise development
6th February 2023 Oil and gas major Woodside and its Sunrise joint venture (JV) partners have committed to the development of the Greater Sunrise fields, north-west of Darwin. Woodside said in a statement on Monday that the JV would consider all the key issues for delivering the gas, for processing and liquefied... →
88 Energy raises cash for Alaskan oil hunt
6th February 2023 Alaska-focused oil explorer 88 Energy has completed the bookbuild for a A$17.5-million capital raise to fund drilling of the Hickory-1 well at Project Phoenix, and to fund payment for acreage at the Leonis project. The ASX- and Aim-listed company on Monday said it would issue more than... →
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