https://www.miningweekly.com
R/€ = 16.75 Change: 0.03
R/$ = 16.23 Change: 0.03
Au 1791.27 $/oz Change: 3.56
Pt 960.00 $/oz Change: -0.50
 

Australasia News

Lincoln rejects Quantum offer

By: Esmarie Iannucci     Updated 43 minutes ago Takeover target Lincoln Minerals has urged shareholders not to accept the takeover offer from fellow listed Quantum Graphite. Quantum Graphite on Tuesday lodged a bidder’s statement offering 1 of its own shares for every 40 Lincoln shares held. The offer implied a value of 1.02c a share for... 

Austral reports robbery in Chile

By: Esmarie Iannucci     Updated 44 minutes ago ASX- and TSX-V listed Austral Gold on Friday reported an armed robbery at its Guanaco-Amancaya mine complex, in Chile. The company told shareholders that a group of armed robbers assaulted the Guanaco-Amancaya mine complex and stole gold precipitate material equivalent to approximately 500 oz of... 

Qld survey finds sexual harrassment at mine sites

By: Esmarie Iannucci     Updated 1 hour 56 minutes ago The Minerals Council of Australia (MCA) has expressed disappointment in the results of a confidential survey by workers union CFMEU, which revealed incidents of sexual harassment, assault and bullying in the Queensland mining sector. In its submission to the Queensland government’s evaluation... 

Stanmore strikes $380m deal for more coal

By: Esmarie Iannucci     Updated 1 hour 59 minutes ago Coal miner Stanmore Coal has struck a $380-million deal to acquire the remaining 20% in the BHP Mitsui Coal (BMC) assets, which have been renamed Stanmore SMC. Stanmore earlier this year struck a $1.35-billion deal with diversified miner BHP and Mitsui & Co to acquire an initial 80% interest in... 

Image shows a truck with coal heaps

Calidus raises cash for lithium and gold hunt

By: Esmarie Iannucci     Updated 2 hours 2 minutes ago Gold miner Calidus Resources will raise A$20-million in a share placement to fund lithium and gold exploration work, and to ramp up activities at its Warrawoona gold project. The ASX-listed miner said on Friday it had received firm commitments from professional and sophisticated investors for... 

Copper rises to 6-week high on US rate hike optimism

By: Reuters     11th August 2022 Copper prices hit a six-week high on Thursday as bets the US Federal Reserve will ease the pace of interest rate rises pushed up riskier assets and weakened the dollar, making dollar-priced metals cheaper for buyers with other currencies. US data on Wednesday suggested inflation may be peaking,... 

Australian resources key to decarbonising - Minister

By: Esmarie Iannucci     11th August 2022 The Australian resources sector, including its coal and gas sectors, had a significant role to play in the nation’s decarbonising efforts, federal Resources Minister Madeleine King said. Speaking at the Queensland Resources Media Club, in Brisbane, King said that traditional resources would help... 

Employing females could help address labour shortage - King

By: Esmarie Iannucci     11th August 2022 Federal Resources Minister Madeleine King has urged the resources industry to do more to encourage female employment in the sector, hosting a roundtable on jobs and skills in the sector. King heard from industry about what they are doing to invest in, develop and attract skilled workers so the... 

Santos buys pipeline for Narrabri

By: Esmarie Iannucci     11th August 2022 Oil and gas major Santos on Thursday announced the acquisition of Hunter Gas Pipeline, which owns an approved underground gas pipeline route from Wallumbilla in Queensland to Newcastle in New South Wales. The underground pipeline route passes close to Santos’ Narrabri gas project and the... 

Austral raises A$17m for exploration and debt

By: Esmarie Iannucci     11th August 2022 Copper miner Austral Resources will raise A$17-million to fund exploration and to repay debt. The company on Thursday announced that it had received firm commitments for the placement of some 45.9-million shares, at a price of 37c each. 

Strickland sets sightson A$7m raise

By: Esmarie Iannucci     11th August 2022 Minerals explorer Strickland Metals is hoping to raise A$7-million to fund drilling works at its Yandal gold projects, in Western Australia. The ASX-listed company on Thursday announced the placement of 80-million fully paid ordinary shares, at a price of 5c each to sophisticated and... 

Environmental, social and governance elevating to safety-equalling status, mining webinar hears  

By: Martin Creamer     11th August 2022 The shift from linear to circular value chains has the potential to impact all aspects of mining and requires a rethink, Anglo American Platinum sustainable impact head Stephen Bullock has told a Southern African Institute of Mining and Metallurgy (SAIMM) webinar. In a presentation on the... 

Anglo American Platinum sustainable impact head Stephen Bullock.
Southern African Institute of Mining and Metallurgy webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

West Wits raises cash

By: Esmarie Iannucci     11th August 2022 Gold miner West Wits Mining will raise A$2.5-million to fund development work at its Witwatersrand Basin gold project, in South Africa. The ASX-listed company on Thursday announced that it would issue 138.8-million shares, at a price of 1.8c each to sophisticated and professional investors,... 

Kayelekera restart to cost $88m

By: Esmarie Iannucci     11th August 2022 A definitive feasibility study (DFS) into the restart into the Kayelekera uranium project, in Malawi, has confirmed that the project would rank as one of the lowest capital cost uranium projects globally. ASX-listed Lotus Resources on Thursday reported that the project would require a capital... 

Australian Pacific sets new deadline for Dartbrook sale

By: Esmarie Iannucci     11th August 2022 ASX-listed Australian Pacific Coal and its major shareholder and creditor Trepang Services have extended the transaction date for the Datrbrook coal project until August 23. Australian Pacific Coal in April unveiled an offer from Trepang to purchase the Dartbrook coal project, in New South... 

BHP hoping to harness the wind

By: Esmarie Iannucci     11th August 2022 Diversified miner BHP has announced a partnership to undertake a technical assessment of wind-assisted propulsion to lower its greenhouse gas (GHG) emissions. The miner has partnered with Pan Pacific Copper (PPC), a member of JX Nippon Mining & Metals group, and auxiliary wind propulsion systems... 

A$1bn investment marked for Atlas and Roma North

By: Esmarie Iannucci     11th August 2022 Oil and gas major Senex has announced plans to invest more than A$1-billion in a major expansion of its Atlas and Roma North natural gas developments in Queensland. The company on Thursday announced that it would increase its natural gas production to 60 petajoules (PJ) per year with work... 

Image shows Australian currency

Gold bounces above $1 800 after US inflation data

By: Reuters     10th August 2022 Gold prices charged higher and broke above the key $1,800 level on Wednesday after relatively tame US inflation readings prompted bets that the Federal Reserve may not opt for aggressive rate hikes. Spot gold rose 0.6% to $1 804.20 per ounce by 1249 GMT (8:49 ET). US gold futures jumped 0.6% to... 

Royal Bafokeng looking to R1.6bn off-balance-sheet spend on 98 MW solar plant  

By: Martin Creamer     10th August 2022 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) is looking to off-balance-sheet capital expenditure of R1.6-billion for a 98 MW solar power plant. The photovoltaic (PV) plant will further buffer RBPlat and the region from load-shedding into the future should it prove... 

RBPlat's Rotshidzwa Manenzhe.
Royal Bafokeng Platinum results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Renergen, CEF one step further in advancing agreement for Virginia gas project 

By: Simone Liedtke     10th August 2022 South Africa’s Central Energy Fund (CEF) has completed its due diligence on its R1-billion investment in emerging integrated energy producer Renergen’s Virginia gas project. Marking a major step towards finalising the agreement between Renergen and the CEF, both parties have now started engaging... 

LNG traders absorb huge losses after supply outages

By: Reuters     10th August 2022 Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season. Unplanned disruptions at LNG plants in the US, Nigeria... 

BHP needs to pay more for EV, clean energy metals as it returns to dealmaking

By: Reuters     10th August 2022 BHP must shell out more if it wants to snap up assets like those of OZ Minerals - a play on the future of electrification and decarbonisation, analysts and bankers said, after the miner's unsolicited bid for the nickel and copper company was rebuffed. BHP Group's A$8.34-billion ($5.8 billion),... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Platina adds 'critical mass' to WA gold aspirations

By: Esmarie Iannucci     10th August 2022 ASX-listed Platina Resources has inked a conditional binding term sheet with Sangold Resources to acquire the Brimstone gold project, near Kalgoorlie. Platina told shareholders on Wednesday that the company’s pivotal acquisition also includes full ownership of the nearby Beete, and Binti Binti... 

Lincoln considering takeover offer

By: Esmarie Iannucci     10th August 2022 Takeover target Lincoln Minerals on Wednesday urged shareholders not to take any action regarding a takeover offer from fellow-listed Quantum Graphite. The ASX-listed Quantum Graphite earlier this week lodged a bidder’s statement offering 1 of its own shares for every 40 Lincoln shares held. The... 

Evolution raises cash for Chilalo work

By: Esmarie Iannucci     10th August 2022 ASX-listed Evolution Energy Minerals will raise A$13-million in a two tranche share placement to fund work at its Chilalo graphite project, in Tanzania. The company on Wednesday announced that it had received firm commitments for the placement of 40.62-million shares, at a price of 32c each from... 

St Barbara sets targets for 2023

By: Esmarie Iannucci     10th August 2022 Gold miner St Barbara on Wednesday set a production guidance of between 280 000 oz and 315 000 oz for the 2023, and an all-in sustaining cost guidance of between A$2 050/oz and A$2 150/oz, after securing final approvals for a A$6-million extension to its the Touquoy operations, in Canada. The... 

Image shows molten gold

Underground hydrogen storage an option in Aus

By: Esmarie Iannucci     10th August 2022 Australian scientists had uncovered the potential for large-scale, underground storage of hydrogen in salt caverns across the country, Minister for Resources and Northern Australia Madeleine King said. “We know that the technology exists to store hydrogen underground and thanks to this work we... 

Barrick’s Mali trebling solar as renewables stave off high energy prices at Kibali  

By: Martin Creamer     9th August 2022 The African regions are continuing to excel on all fronts for Barrick, the large gold/copper miner that is benefitting from a stand-out performance in Tanzania and finding exploration in Mali and Senegal “a gift that keeps giving”, and which is being received with open arms in Pakistan. Under the... 

Barrick CEO Mark Bristow.
Barrick second-quarter results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BHP likely to raise bid for 'strategically sensible target' OZ - analysts

By: Reuters     9th August 2022 BHP will likely raise its A$8.34-billion ($5.82-billion) offer to buy Australia's OZ Minerals, analysts said after the global miner was rebuffed in its pursuit of the nickel-copper miner on Monday. OZ rejected BHP's A$25-a-share offer, terming it undervalued and "opportunistic" as it was tabled... 

Image shows the BHP logo

Australia’s coal shipments face a ‘deadline', Greens leader says

By: Bloomberg     9th August 2022 Greens Party leader Adam Bandt has warned the Australian government needs to start moving away from coal exports to prop up its bottom line, saying net zero goals in major trade partners will cut into fossil fuel earnings. Bandt said three of Australia’s biggest export markets for thermal coal... 

S.Australian hydrogen plans garner global interest

By: Esmarie Iannucci     9th August 2022 The South Australian government had received 60 proposals in its sounding process to test interest in a proposed hydrogen facility. The submissions, which will help shape final design and implementation, came from global operators with experience in developing green hydrogen infrastructure in... 

Oz Minerals looks at ISR for copper recovery

By: Esmarie Iannucci     9th August 2022 Copper miner Oz Minerals will invest A$2.5-million over the next 18 months to support in-situ recovery (ISR) technology research at the EnviroCopper (ECL) Kapunda copper/gold project, in South Australia. The funding would go towards investigating the potential economic extraction of copper... 

Richmond to invest in downstream optionality

By: Esmarie Iannucci     9th August 2022 Vanadium developer Richmond Vanadium Technology (RVT) has announced plans to invest up to A$5-million in Australian battery manufacturer Ultra Power Systems. Under the terms of the investment, RVT will subscribe for 20-million shares in Ultra at a price of 25c each.  

Cooper raises cash and adds to tenements

By: Esmarie Iannucci     9th August 2022 Junior Cooper Metals on Tuesday announced a A$2.55-million capital raise and the acquisition of a strategic tenement at its Mt Isa East copper/gold project, in Queensland. The ASX-listed company would issue more than 5.6-million shares, at a price of 45c each under its existing placement... 

Centrex looks at increasing Ardmore capacity

By: Esmarie Iannucci     9th August 2022 ASX-listed Centrex on Tuesday announced it was looking at ways to increase production at its Ardmore phosphate rock mine, in Queensland. The company noted that with commercial production now having restarted, Centrex was working towards increasing production to a Stage 1.5, which will be... 

Quantum makes a play for Lincoln

By: Esmarie Iannucci     9th August 2022 Junior metals explorer Lincoln Minerals has become the target of an off-market takeover bid from fellow-listed Quantum Graphite. Quantum Graphite on Tuesday lodged a bidder’s statement offering 1 of its own shares for every 40 Lincoln shares held. The offer implied a value of 1.02c a share for... 

Barrick takes lead in holistic ESG integration amid ‘greenwashing’ scepticism 

By: Martin Creamer     8th August 2022 Gold and copper mining company Barrick has taken the lead in integrating the various aspects of environmental, social and governance (ESG) to ensure holistic and objective measurement, Barrick CEO Dr Mark Bristow stated on Monday, when the New York- and Toronto-listed company reported strong... 

Barrick CE Dr Mark Bristow.
Barrick CE Dr Mark Bristow.

The EV race is turning a gold rush haven into a battery hub

By: Bloomberg     8th August 2022 Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest-open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile long Super Pit... 

The EV race is turning a gold rush haven into a battery hub
1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now