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Australasia News

Evolution posts higher production in June quarter

By: Esmarie Iannucci     21st July 2022 Gold miner Evolution has reported a 16% increase in production during the three months to June, compared with the quarter ending March. Gold production in the June quarter increased to 172 722 oz, up from the 148 787 oz produced in the March quarter, while gold sales remained fairly on par at... 

Record revenues reported at Santos

By: Esmarie Iannucci     21st July 2022 Oil and gas major Santos has delivered record first half revenues of $3.8-billion, which was up by 85% on the previous corresponding period, while free cash flows were up 199% to $1.7-billion. Production for the half year also reached record heights at 51.5-million barrels of oil equivalent, up... 

Woodside production and sale surge after BHP merger

By: Esmarie Iannucci     21st July 2022 Energy major Woodside has reported a 60% increase in production during the June quarter, and a 51% increase in sales volumes following the integration of the BHP petroleum assets into the company. Woodside completed its merger with BHP’s petroleum business on June 1, resulting in the company... 

Greenpeace to appeal North West Shelf approval

By: Esmarie Iannucci     21st July 2022 Environmental group Greenpeace Australia Pacific is appealing the Western Australian Environmental Protection Authority’s (EPA’s) decision to extend the life of North West Shelf (NWS) gas processing facility. The EPA at the end of July approved the extension of the NWS joint venture, which is... 

Greenpeace to appeal North West Shelf approval

Use South Africa’s 5 000 MW energy storage need to create new industry – Bushveld  

By: Martin Creamer     20th July 2022 South Africa’s 5 000 MW renewable energy storage requirement is seen as providing the critical mass for the creation of new local energy storage industry that will have the potential to export into the growing global market for energy storage solutions. A new own-value-chain local industry is... 

Bushveld Minerals CEO Fortune Mojapelo.
Bushveld Minerals CEO Fortune Mojapelo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Power Sector carbon emissions to dip as renewables outpace coal

By: Bloomberg     20th July 2022 A surge in renewable power coupled with a slowdown in China will see carbon emissions from electricity production ease from the record level last year, according to the International Energy Agency (IEA). Emissions from power generation are set to decline about 0.3% this year, down from a forecast... 

Bellevue awards near A$90m EPC contract

By: Esmarie Iannucci     20th July 2022 Gold developer Bellevue Gold has awarded an A$87.8-million engineering, procurement and construction (EPC) contract for the one-million tonne a year processing plant at its namesake project, in Western Australia. The contract was awarded to ASX-listed GR Engineering on a fixed contract price basis. 

Panoramic sets targets for Savannah

By: Esmarie Iannucci     20th July 2022 Nickel miner Panoramic Resources has set a production target for 2023 at its Savannah project, in Western Australia, after achieving commercial production. The company said on Wednesday that the achievement of commercial production from April 1 was an important milestone for the project... 

AEMO triggers the GSG to secure Victorian gas supply

By: Esmarie Iannucci     20th July 2022 The Australian Petroleum Production & Exploration Association (Appea) said this week that the Australian Energy Market Operator’s (AEMO) decision to activate the Gas Supply Guarantee (GSG) would only be a short term measure, and that real change in the Australia gas supply struggle would only be... 

Qld launches roadmap for hydrogen skills development

By: Esmarie Iannucci     20th July 2022 The Queensland government has launched Australia’s first dedicated workforce development plan for the hydrogen industry. Minister for Training and Skills Development Di Farmer on Wednesday launched the Hydrogen Industry Workforce Development Roadmap 2022-2032 at the Australian Clean Energy... 

Rio settles Australian tax bill

By: Esmarie Iannucci     20th July 2022 The Australian Taxation Office (ATO) has reached a settlement with mining major Rio Tinto resolving a disagreement relating to interest on an isolated borrowing used to pay an intragroup dividend in 2015. The agreement also separately resolves the pricing of certain transactions between Rio... 

Ganfeng makes $40m payment to Leo

By: Esmarie Iannucci     20th July 2022 Lithium developer Leo Lithium on Wednesday announced that joint venture partner Jiangxi Ganfeng Lithium had agreed to the terms of an expandable $40-million debt facility for the Goulamina project, in Mali. Leo told shareholders that completion of the facility agreement, which gave Jiangxi... 

Jervois draws down final funding for ICO

By: Esmarie Iannucci     20th July 2022 ASX, TSX, and OTCQX-listed Jervois Global has drawn down $51-million of its subsidiary’s bond offering to complete the construction of the Idaho Cobalt Operations (ICO) in the US. This was the second and final draw-down of a $100-million bond offering.  

BHP and Tata join forces on low carbon steelmaking

By: Esmarie Iannucci     20th July 2022 Diversified miner BHP has signed a memorandum of understanding (MoU) with Indian steel maker Tata Steel to jointly study and explore lower carbon iron and steelmaking technology. Under the partnership, BHP and Tata intend to collaborate on ways to reduce the emission intensity of the blast... 

Mining a pressure on the environment - report

By: Esmarie Iannucci     20th July 2022 Resource extraction has been identified as one of the key pressures behind the decline in Australia’s environment according to the latest State of the Environment report. The report pointed out that over the past five years, investment in mineral exploration doubled from A$344.7-million in June... 

Australia still at epicenter of global energy resources - report

By: Esmarie Iannucci     20th July 2022 Geoscience Australia’s updated Australia’s Energy Commodity Resources (AECR) assessment for 2022, has reaffirmed Australia’s position as a leading global energy producer and supplier going into the current world energy crisis, and highlights the impact the pandemic had on global production and... 

Image shows yellow uranium

Northern Star hits targets

By: Esmarie Iannucci     20th July 2022 Gold miner Northern Star Resources has posted a strong quarter of production in the three months to June, delivering 402 000 oz of gold, up from the 380 075 oz delivered in the March quarter and meeting production targets. All-in sustaining costs for the June quarter reached A$1 650/oz, down... 

Demand fears return to haunt copper prices

By: Bloomberg     19th July 2022 Copper prices fell on Tuesday as worries about demand in top consumer China and elsewhere due to a slowdown in growth were reinforced by rising inventories, while a lower dollar provided some support. Benchmark copper on the London Metal Exchange (LME) was down 1.3% at $7 328/t at 11:04 GMT, a... 

Two giant miners warn of tougher times as world demand wavers

By: Bloomberg     19th July 2022 Mining giant BHP has joined rival Rio Tinto Group in signaling more turbulence to come for commodities producers as costs balloon and demand for everything from iron ore to copper hits headwinds. The world’s biggest miner warned Tuesday of an “overall slowing of global growth” amid war in... 

An image of a mining truck transporting coal

Canada’s Tantalex on way to becoming African lithium producer  

By: Martin Creamer     19th July 2022 Canadian junior exploration company Tantalex Lithium Resources, which is developing tin, tantalum and lithium projects in the Democratic Republic of Congo (DRC), is looking to raise capital $15-million early next year for the further development of its lithium assets. Tantalex is developing three... 

Tantalex Lithium Resources chairperson Hadley Natus.
Tantalux Lithium chairperson Hadley Natus interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

China's LNG imports to decline - Woodmac

19th July 2022 China’s liquified natural gas (LNG) imports are set to fall over 14% year-on-year to 69-million tonnes in 2022, advisory firm Wood Mackenzie (Woodmac) reported on Tuesday, noting that this was the largest decline since the Asian giant started LNG imports. China’s gas demand in the second quarter... 

Catalyst sets new targets at Henty

By: Esmarie Iannucci     19th July 2022 Junior gold miner Catalyst Metals has exceeded its full year production guidance of 25 000 oz at its Henty gold mine, in Tasmania, during the year ending June, and has now set higher production targets. The ASX-listed company told shareholders that it had produced 25 199 oz in the full year, and... 

Nkosuo to add 24 months to Edikan life - Perseus

By: Esmarie Iannucci     19th July 2022 Dual-listed gold miner Perseus Mining has reported an indicated mineral resource of 14.5-million tonnes, at 0.91 g/t gold for 422 000 oz of contained gold at the Nkosuo project, which is some 7 km north-northwest of the Edikan gold mine, in Ghana. The project is also estimated to contain an... 

Allegiance starts review as US mines under-perform

By: Esmarie Iannucci     19th July 2022 North America-focused coal miner Allegiance Coal on Tuesday flagged a strategic review of its portfolio management and ongoing liquidity requirements, given the performance of its operating mines in the US. The ASX-listed Allegiance told shareholders that the company had been unable to... 

Palancian steps down at Red River

By: Esmarie Iannucci     19th July 2022 Junior Red River Resources on Tuesday announced the resignation of its MD and CEO Mel Palancian, and has announced a strategic review of its Hillgrove gold mine, in New South Wales. Red River told shareholders that Palancian would remain in his current role to ensure an orderly transition, with... 

TNG garners more funding interest

By: Esmarie Iannucci     19th July 2022 German export credit agency Euler Hermes has issued ASX-listed TNG with a letter of interest to provide up to A$300-million in finance for the Mount Peake vanadium/titanium/iron project in the Northern Territory. TNG on Tuesday said that the company had also received expressions of interest from... 

Restart button pushed at Langer Heinrich

By: Esmarie Iannucci     19th July 2022 The Langer Heinrich uranium mine, in Namibia, is poised to return to production after ASX- listed Paladin took the decision to restart operation. First production volumes are targeted for the March quarter of 2024, Paladin said on Tuesday.  

BHP ups iron-ore expectations, laments coal royalties

By: Esmarie Iannucci     19th July 2022 Diversified miner BHP has reported increased production across its portfolio of commodities during the June quarter, but has also taken a swipe at the Queensland government over the introduction of new coal royalties, saying it would impact future investment decisions. “BHP produced a strong... 

Image shows a BHP operation in the Pilbara

Russia ban seen tightening coal market that’s already surging

By: Bloomberg     18th July 2022 A looming ban on Russian coal imports by the European Union will add to supply pressure that’s sent prices of the fossil fuel hurtling to a record, according to a key Australian producer. Global supply constraints and strong demand pushed Asia’s benchmark Newcastle thermal coal to a quarterly... 

Russia ban seen tightening coal market that’s already surging

Governments turn against deep-sea mining as EV boom drives demand for metals

By: Bloomberg     18th July 2022 As battery makers scramble to procure cobalt, nickel and other metals to meet rising consumer demand for electric cars, governmental opposition to strip-mining the seabed for minerals is mounting. The deep ocean contains the largest estimated deposits of minerals on the planet, potentially worth... 

Governments turn against deep-sea mining as EV boom drives demand for metals

Kore expects EPC contract proposal for Kola to be ready by August

By: Darren Parker     18th July 2022 JSE-listed Kore Potash expects the engineering, procurement and construction (EPC) contract proposal for the construction of its 97%-owned Kola potash project in Congo-Brazzaville to be ready by August. The EPC contract proposal will be based on the outcomes of the optimisation study reported on... 

Lynas posts solid quarter in June

By: Esmarie Iannucci     18th July 2022 Rare earths miner Lynas has reported a solid end to its 2022 financial year, with sales revenue reaching A$294.5-million, down from the A$327.7-million reported in the third quarter. Lynas on Monday reported that total rare earth oxide production for the fourth quarter declined to 3 650 t, down... 

Perenti settles historical damage claim

By: Esmarie Iannucci     18th July 2022 Global mining services group Perenti on Monday announced that it would recover A$10-million as a settlement for historical damages to a property in West Africa. The property was damaged in 2004 by a fire on an adjacent property, and since then, the ASX-listed company has actively pursued a claim... 

Ivanhoe and Renergen deal falls flat

By: Esmarie Iannucci     18th July 2022 Canadian miner Ivanhoe Mines’ play to get a majority stake in ASX- and JSE-listed Renergen has failed. The two companies in March this year announced a strategic investment agreement under which Ivanhoe obtained an initial 4.35% interest in Renergen for a $13-million investment. 

Element 25 looks to Indonesia for first conversion plant

By: Esmarie Iannucci     18th July 2022 ASX-listed Element 25 on Monday confirmed that it was currently in discussions with the Malaysian Investment Development Authority (MIDA) and the Sarawak state government to potentially build its planned high purity manganese sulphate monohydrate (HPMSM) plant in Sarawak. Sarawak is one of the... 

Arizona Lithium raises more cash

By: Esmarie Iannucci     18th July 2022 Lithium developer Arizona Lithium will raise A$12-million in a share placement to institutional and sophisticated investors to fund work at its Big Sandy lithium project, in the US. The company at the end of March announced plans to raise A$32.5-million in capital, with 185.6-million shares... 

Jervois settles Brazilian refinery buy

By: Esmarie Iannucci     18th July 2022 ASX- and TSX-V listed Jervois Global has closed its R$125-million acquisition of the São Miguel Paulista nickel cobalt refinery (SMP) in São Paulo, Brazil. Jervois paid the initial R$15-million payment to vendor Companhia Brasileira de Alumínio (CBA) in late 2020 when the acquisition was... 

Demand drives Whitehaven to new heights

By: Esmarie Iannucci     18th July 2022 Coal miner Whitehaven Coal is expected to report earnings before interest, tax, depreciation and amortisation (EBITDA) of A$3-billion for the 2022 financial year, following record average coal prices of A$514/t for the June quarter and A$325/t for the full year. “With demand for high quality... 

Image shows coal at a port
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