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Australasia News

Trepang backs Tetra/Javelin offer for Australian Pacific

By: Esmarie Iannucci     16th September 2022 ASX-listed Australian Pacific Coal’s major shareholder and creditor Trepang Services has thrown its support behind a new bid for the Darbrook coal project, from Tetra Resources and Javelin Private Capital Group. The two companies were proposing the formation of a joint venture (JV) with... 

ENGIE takes FID on A$87m Yuri project

By: Esmarie Iannucci     16th September 2022 The Australian Renewable Energy Agency (ARENA) has conditionally approved A$47.5-million in funding for the A$87-million Yuri renewable hydrogen and ammonia project, near Karratha, as developer ENGIE takes a final investment decision. The project includes a 10 MW electrolyser to produce... 

Image shows hydrogen container and wind turbines

Miners marry at BHP's Leinster mine

By: Esmarie Iannucci     16th September 2022 Diversified miner BHP’s Leister nickel operations, in Western Australia, has marked a momentous occasion this week, with the underground mine playing host to a wedding. Dressed in their bright orange high visibility shirts, and with a specially made jacket and veil adorned helmet, Aleese [last... 

Miners marry at BHP's Leinster mine

London zinc extends gains for sixth day on supply worries

By: Reuters     15th September 2022 Prices of London zinc were on track for their sixth straight session of gains on Thursday, as rising energy costs prompted smelters to close and fuelled worries about supply disruptions. Three-month zinc on the London Metal Exchange was up 0.5% at $3 244 a tonne, as of 07:29 GMT, having gained... 

Global collaboration essential to realise $1.4tr iron, steel decarbonisation investment

By: Marleny Arnoldi     15th September 2022 To meet 2050 climate goals, the global iron and steel industry will require $1.4-trillion of investment across the value chain, from mining to steelmaking, estimates research and consultancy firm Wood Mackenzie (WoodMac). A research report, titled ‘Pedal to the metal: iron and steel’s... 

Steel

Woodside advances ammonia studies with Japanese partners

By: Esmarie Iannucci     15th September 2022 A second phase feasibility study into an ammonia supply chain from Australia to Japan will be undertaken jointly by Australian energy major Woodside, and Japan Oil, Gas and Metals National Corporation (JOGMEC), Marubeni Corporation, Hokuriku Electric Power Co, The Kansai Electric Power Co, Tohoku... 

Anthracite prospects looking very good – Menar  

By: Martin Creamer     15th September 2022 The prospects for anthracite are looking very good, especially in terms of market value and having demand coming from different parts of the world, says Menar MD Vuslat Bayoglu, who was speaking to Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) Bayoglu reports that... 

Menar MD Vuslat Bayoglu.
Menar MD Vuslat Bayoglu interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Woodside awaits Ministerial approval for Browse-NWS project

By: Esmarie Iannucci     15th September 2022 Australian energy major Woodside has published the final environmental impact statement (EIS) for the proposed Browse to North West Shelf (NWS) project. The final EIS includes responses to comments received during the public consultation process held over an eight-week period from December 2019... 

Image shows an LNG carrier

Shell strikes gas deal with Mereenie partners

By: Esmarie Iannucci     15th September 2022 Energy major Shell has inked two new gas supply agreements with the Mareenie joint venture (JV) participants to supply gas to the Australian east coast. ASX-listed Cue Energy on Thursday reported that it had inked a supply agreement with Shell to supply 0.27 PJ of gas over one year, starting in... 

MRC takes a stake in Canadian graphite technology firm

By: Esmarie Iannucci     15th September 2022 ASX-listed Mineral Commodities (MRC) will take a stake in Canada’s Green Graphite Technologies (GGT) after entering into an equity and license agreement with the company. Under the terms of the agreement, MRC has vended intellectual property developed for the company by Kingston Process... 

Pacific Nickel gets mining lease for Kolosori

By: Esmarie Iannucci     15th September 2022 ASX-listed Pacific Nickel Mines has been awarded a mining lease for the Kolosori project, on the Solomon Islands. In addition, Pacific Nickel has also entered into surface access rights agreement with landowners and a mining agreement with the government of the Solomon Islands, setting out the... 

Lithium Energy raises A$15m for Argentinian exploration

By: Esmarie Iannucci     15th September 2022 ASX-listed Lithium Energy will raise A$15-million in a heavily oversubscribed share placement to fund drilling at its Solaroz lithium brine project, in Argentina. Lithium Energy on Thursday said that it had completed the capital raise, which consisted of 15-million shares at an issue price of... 

Genesis declares Dacian bid unconditional

By: Esmarie Iannucci     15th September 2022 ASX-listed Genesis Minerals has declared its recommended off-market takeover offer for gold miner Dacian Gold to be unconditional, with all remaining outstanding defeating conditions waived. Genesis is offering 0.0843 of its own shares for every Dacian share held, implying a value of 10.2c a... 

Pan African effectively building new underground gold mine at Evander  

By: Martin Creamer     14th September 2022 Midtier Africa-focused gold producer Pan African Resources is effectively building a new internally-funded underground gold mine on two levels of the Evander underground gold mine in Mpumalanga, CEO Cobus Loots said on Wednesday when the company reported record production for the 12 months to... 

Pan African Resources CEO Cobus Loots.
Pan African CEO Cobus Loots interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Copper, aluminium fall as markets brace for US rate hikes

By: Reuters     14th September 2022 Copper and aluminium prices fell on Wednesday as the threat of rising interest rates dampened the economic growth outlook, hammered global stock markets and held the dollar near 20-year highs. Data on Tuesday showing higher-than-expected US inflation cemented expectations for a 75 basis points... 

Power Minerals raises exploration funding

By: Esmarie Iannucci     14th September 2022 Junior Power Minerals will raise A$5.5-million in a share placement to fund exploration work in Argentina and South Australia. The ASX-listed company has received firm commitments for the placement of more than 10.57-million shares, at a price of 52c each from sophisticated, professional and... 

Thiess readies to waive MACA offer conditions

By: Esmarie Iannucci     14th September 2022 Suitor Thiess on Wednesday said that it would waive all of the outstanding conditions of its takeover offer for MACA, if it achieved a 50% shareholding by September 23. Thiess previously increased its takeover offer for fellow listed MACA from A$1.025 a share in cash to A$1.075 a share, days... 

Lake and Lilac argue over Kachi timeline

By: Esmarie Iannucci     14th September 2022 A dispute has emerged between ASX-listed Lake Resources and its development partner Lilac Solutions over the timeline for the Kachi pilot plant, in Argentina. Lilac will earn a 25% stake in the project upon reaching certain milestones, including completing at least 1 000 hours of operation of... 

Lake and Lilac argue over Kachi timeline

Pan African reports record gold production, matches last year’s dividend

By: Martin Creamer     14th September 2022 Gold mining company Pan African Resources, which reported record gold production in the 12 months to June 30, describes itself as being positioned for further growth as it moves closer to commissioning organic projects and concludes the Mintails surface gold transaction. The London- and... 

Escondida mine conflict unresolved, regulators inspect site

By: Reuters     14th September 2022 A dispute between workers and Chile's Escondida mine, the largest copper deposit in the world, remained unresolved on Tuesday as regulators reviewed the site following safety complaints, the union representing the workers said. Union workers approved a partial strike last week and threatened a... 

Offtake and funding deal helps drive MRC strategy

By: Esmarie Iannucci     14th September 2022 ASX-listed Mineral Commodities (MRC) has struck a non-binding offtake and funding agreement with industrial garnet provider GMA Group. Under the terms of the agreement, MRC has agreed to supply GMA Group with 80 000 t/y of finished garnet product between 2024 to 2025, 105 000 t/y between 2026... 

Frontier secures water supply for Bristol Springs

By: Esmarie Iannucci     14th September 2022 ASX-listed Frontier Energy has secured water access for its Bristol Springs green hydrogen project, in Western Australia. Frontier, in consultation with the Water Corporation, has agreed on a preferred pathway to deliver water to the renewable energy project through the existing Stirling Trunk... 

Kin completes capital raise

By: Esmarie Iannucci     14th September 2022 Junior Kin Mining has raised A$13.7-million of a A$20.4-million target, to fund the next phase of growth at its Cardinia gold project, in Western Australia. Kin Mining in August set the A$20.40-million target, which consisted of a A$9.7-million share placement and a non-renounceable entitlement... 

Another offer emerges for Dartbrook

By: Esmarie Iannucci     14th September 2022 The battle for control over ASX-listed Australian Pacific Coal has seen another contender enter the ring, with the company receiving yet another conditional non-binding indicative proposal, this time from Tetra Resources and Javelin Private Capital Group. The two companies were proposing the... 

Rio and Baowu to develop $2bn Western Range mine

By: Esmarie Iannucci     14th September 2022 Diversified miner Rio Tinto and China Baowu Steel Group Co. will joint venture (JV) on the $2-billion development of the Western Range iron-ore project in the Pilbara. Rio said on Wednesday that Western Range’s annual production capacity of 25-million tonnes of iron ore will help sustain... 

Image shows a Rio Tinto branded hard hat on a bench

PGMs hotter than ever amid upcoming SAIMM greener world collaboration event  

By: Martin Creamer     13th September 2022 Platinum group metals (PGMs) as global decarbonisation and environmental, social and governance (ESG) enablers have arguably never been a hotter topic globally, which will be highlighted at the upcoming in-person conference of the Southern African Institute of Mining and Metallurgy (SAIMM) at Sun... 

Implats executive: sustainable development Dr Tsakani Mthombeni, who will speak on ESG and Beyond at the upcoming SAIMM PGMs conference.
Implats Executive: Sustainable Development Dr Tsakani Mthombeni (above). SAIMM’s Gary Lane interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kingfisher raises exploration funding

By: Esmarie Iannucci     13th September 2022 Junior Kingfisher Mining will raise A$4.25-million in a share placement to accelerate exploration at its Mick Well rare earths project, in Western Australia. The company on Tuesday said it had received firm commitments from institutional and sophisticated investors for the placement of... 

Meteor could hold solution to a mining issue

By: Esmarie Iannucci     13th September 2022 Scientists have discovered a tougher form of diamonds preserved in meteorites from an ancient dwarf planet, which could revolutionalise industrial diamond manufacturing. A research team with scientists from Monash University, RMIT University, the Commonwealth Scientific and Industrial Research... 

Ramelius adds to resource estimate

By: Esmarie Iannucci     13th September 2022 Gold miner Ramelius Resources has reported a 15% increase in mineral resources, matching mining depletion. The ASX-listed miner reported that total mineral resources at the end of June stood at 130-million tonnes, grading 1.5 g/t gold for 6.2-million ounces of gold, while the ore reserves have... 

Andrew Forrest meets with Egyptian President

By: Esmarie Iannucci     13th September 2022 Fortescue Future Industries (FFI) founder and executive chairperson Dr Andrew Forrest has met with Egyptian President Abdel Fattah El-Sisi this week, Forrest to discuss the development of green energy projects in the region. FFI has already signed a memorandum of understanding (MoU) to conduct... 

Northern Star appoints new nonexecutive director

By: Esmarie Iannucci     13th September 2022 Gold major Northern Star Resources has appointed Marnie Finlayson as an independent non-executive director, effective from October 1. Finlayson is a senior executive at diversified miner Rio Tinto and holds the position of MD for battery minerals. Prior to her current role, Finlayson was GM of... 

Rio strikes partnership deal with Volvo

By: Esmarie Iannucci     13th September 2022 Diversified miner Rio Tinto has signed a memorandum of understanding (MoU) with automotive major Volvo Group to partner on low carbon materials and to pilot autonomous hauling solutions. Under the MoU, Rio will supply responsibly sourced low-carbon products and solutions to Volvo and the... 

Image shows the Rio Tinto logo

US aviation fuel developer places order for platinum-based PEM electrolyser

By: Martin Creamer     13th September 2022 A United States aviation fuel developer has placed an order for a containerised platinum-using proton exchange membrane (PEM) electrolyser. Nel Hydrogen received the $3-million contract for the containerised PEM electrolyser to be installed at the world’s first commercial ‘alcohol-to-jet’... 

Kalium Lakes restarts Beyondie plant

By: Esmarie Iannucci     13th September 2022 The sulphate of potash (SOP) purification plant at the Beyondie mine, in Western Australia, has been restarted. ASX-listed Kalium Lakes in August performed a planned shut-down at the plant for further optimisation and rectification works, which included a focus on the flotation circuit where... 

Rafaella invests in Quebec battery minerals

By: Esmarie Iannucci     13th September 2022 The share price of ASX-listed Rafaella Resources surged on Tuesday on news that the company has struck a deal to acquire the Horden Lake polymetallic/battery metals deposit, in Quebec. Under the terms of the agreement struck with vendor Gestion Ora-Mirage Ltée, Rafaella would pay C$4-million,... 

Primobius costs battery shredding plant

By: Esmarie Iannucci     13th September 2022 An internal engineering cost study (ECS) for a first-stage shredding plant, of a potential 50 t/d integrated lithium-ion battery recycling operation in Germany, has placed a capital cost of $103.9-million on the development. ASX-listed Neometals, which is part owner of the Primobius joint... 

Proudly South African green hydrogen innovation uses platinum fuel cell 

By: Martin Creamer     12th September 2022 A Proudly South African green hydrogen mobile solution, which is scheduled to be launched at the African Aerospace and Defence Exhibition (AAD) next month, ticks all the local boxes by making use of a platinum-catalysed hydrogen proton exchange membrane fuel cell (PEMFC) and also being able to... 

Jaco Prinsloo and Christo Botha, the key developers of the green hydrogen solution.
Jaco Prinsloo and Christo Botha, the key developers of the green hydrogen solution.

Gold ticks up on softer dollar, US inflation data in focus

By: Reuters     12th September 2022 Gold prices rose on Monday as the dollar fell to a more than two-week low, prompting investors to buy bullion, while markets eyed US inflation data for further clues on Federal Reserve rate hikes. Spot gold was up 0.4% at $1 722.79 per ounce  as of 08:26 GMT. US gold futures rose 0.3% to $1... 

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