R/€ = 16.04 Change: 0.07
R/$ = 14.36 Change: 0.07
Au 1277.67 $/oz Change: -8.21
Pt 816.79 $/oz Change: -10.03

Australasia News

Processing operations start at Woodlawn

By: Esmarie Iannucci     8th May 2019 Ore processing at the Woodlawn zinc/copper mine, in New South Wales, has started, with the operation expected to progressively ramp up to an estimated throughput capacity of 1.5-million tonnes a year. ASX-listed Heron Resources on Wednesday told shareholders reclaimed tailings from hydraulic... 

Coal exports continue to drive Qld economy

By: Esmarie Iannucci     8th May 2019 Coal has continued to drive exports in Queensland, with the state government this week reporting an increase of 18.4% in the value of exports, which reached A$84.3-billion in the 12 months to March. “Yet again the value of Queensland’s merchandise exports over the year are larger than NSW and... 

Bardoc consolidated landholding near Kalgoorlie

By: Esmarie Iannucci     8th May 2019 Gold junior Bardoc Gold has moved to consolidated tenements in Western Australia, striking a deal with fellow listed Torian Resources to acquire a package of 40 tenements covering 49 km2 in and around its own 2.6-million ounce Bardoc gold project. The deal gives Bardoc full ownership of a... 

Pursuit sharpens focus on Swedish vanadium

By: Esmarie Iannucci     8th May 2019 Scoping studies into the Airijoki and Koitelainen vanadium projects, in Sweden and Finland respectively, have proven both projects to be financially robust, ASX-listed Pursuit Minerals said on Wednesday. The scoping studies assessed the potential for both Airijoki and Koitelainen to be developed... 

Middle Island issues a warning to Alto

By: Esmarie Iannucci     8th May 2019 Suitor Middle Island Resources has warned that a defeating condition has been triggered for its takeover offer of fellow-listed Alto Metals, after Alto announced a capital raise earlier this month. Alto has previously said that it would raise A$600 000 through a share placement to Alto... 

Hancock proves successful in Riversdale bid

By: Esmarie Iannucci     8th May 2019 Australian iron-ore major Hancock Prospecting has gained a shareholding of more than 85% in Canadian takeover target Riversdale Resources, triggering an increased offer price. Hancock earlier this week increased its cash offer for the unlisted Canadian coal company from A$2.20 a share to A$2.70... 

Hancock proves successful in Riversdale bid
Hancock chairperson Gina Rinehart

Pensana appoints RFC Ambrian as broker ahead of LSE listing

By: Marleny Arnoldi     7th May 2019 ASX-listed Pensana Metals has appointed RFC Ambrian as its broker and agent ahead of its planned listing on the LSE later this year. Ambrian’s role will be to provide ongoing support and guidance to the company regarding marketing of the company’s shares in the UK and Europe.  

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Kirkland Lake raises bottom-end of production guidance

By: Tasneem Bulbulia     7th May 2019 Dual-listed Kirkland Lake Gold has raised the lower end of its production guidance for the year, on the back of strong first-quarter results at the Macassa mine, in Canada, and Fosterville mine, in Australia. The miner now expects to produce at least 950 000 oz, Kirkland president and CEO Tony... 

Kirkland Lake raises bottom-end of production guidance
The Macassa mine, in Ontario.

Australia, Guinea, Indonesia to lead bauxite mining up to 2029

By: Marleny Arnoldi     7th May 2019 Following a decline in global bauxite production in 2018, consultancy company Fitch Solutions says global bauxite production this year is being driven by new projects coming on line in Guinea and Australia, as well as a ramp-up in production in India and Indonesia. Australia holds 12 of the 29... 

Australia, Guinea, Indonesia to lead bauxite mining up to 2029

Rio Tinto to buy autonomous mining truck fleet from Caterpillar

By: Reuters     7th May 2019 Rio Tinto has agreed to buy a fleet of autonomous trucks and other mining equipment from Caterpillar for its new Koodaideri iron ore mine in Western Australia, it said on Tuesday. Caterpillar will supply a fleet of 20 autonomous 793F trucks as well as four autonomous blast drills for the mine,... 

Sand mining 'mafias' destroying environment, livelihoods – UN

By: Reuters     7th May 2019 Sand mining is eroding the world's river deltas and coastlines, damaging the environment and hurting livelihoods from Cambodia to Colombia, as government regulation fails to keep pace with rising demand, the United Nations warned on Tuesday. Global demand for sand and gravel, used extensively in... 

Western Areas boss gets Perseus appointment

By: Esmarie Iannucci     7th May 2019 Gold miner Persues Mining has appointed Daniel Lougher as a non-executive director, bringing the total number of Perseus’ board to six. In addition to his role as non-executive director, Lougher will also serve as chairperson of the technical committee. 

JV brings Iron Ridge closer to development

By: Esmarie Iannucci     7th May 2019 Junior iron-ore developer Fenix Resources has struck a strategic alliance agreement with trucking and logistics company Minehaul, which could resulted in the accelerated development of the Iron Ridge project, in Western Australia. Under a joint venture (JV), known as Premium Minehaul, trucking... 

Dolphin's economics prove positive

By: Esmarie Iannucci     7th May 2019 An economic analysis of the Dolphin tungsten mine, in Tasmania, has estimated that the project would cost some A$65-million to bring into development. ASX-listed King Island Scheelite on Tuesday reported that based on the currently planned opencut operation, which is projected to produce some 20... 

Magnetic raises A$3.1m for exploration

By: Esmarie Iannucci     7th May 2019 ASX-listed junior Magnetic Resources has raised A$3.1-million through a share placement priced at 28c each. Magnetic had initially sought to raise A$2.5-million, but strong demand from new and existing shareholders prompted the company to increase the share offer.  

Walkabout pushes early start button at Lindi Jumbo

By: Esmarie Iannucci     7th May 2019 Graphite developer Walkabout Resources has started an integrated international project ‘early start’ programme to start the procurement, manufacturing and site works for its Lindi Jumbo project, in Tanzania. The ‘early start’ programme is aimed at advancing the construction process along its... 

Orminex completes Penny's Find buy

By: Esmarie Iannucci     7th May 2019 ASX-listed junior Orminex has completed the A$600 000 purchase of the Penny’s Find gold mine, in Western Australia. The deal struck between Orminex and fellow-listed Empire Resources included a net smelter royalty of 5% payable on the first 50 000 oz produced from the project area, and a 2.5%... 

Top oil buyers rue global chaos bringing back seller's market

By: Bloomberg     6th May 2019 The world’s biggest oil buyers are being forced to go on the defensive once again. US President Donald Trump’s sanctions on Iran and Venezuela, the Opec+ coalition’s output curbs, and disruptions from Nigeria to Libya are all handing crude sellers the upper hand in negotiations. With refiners in... 

Triton gets mining concession at Ancuabe

By: Esmarie Iannucci     6th May 2019 The Mozambique government has granted ASX-listed Triton Minerals a mining concession for its Ancuabe graphite project, paving the way for project development. “The board is extremely pleased with receive final government approval for Ancuabe. Mozambique has a long and proud history of mining and... 

Alto raises funds for drilling at Sandstone

By: Esmarie Iannucci     6th May 2019 ASX-listed junior Alto Metals has announced a A$2.6-million capital raise to fast track drilling at its Sandstone gold project, in Western Australia. The company placed some 56.87-million shares, at 3.6c each, along with one free attaching unquoted option, exercisable at 7c each for every two... 

Echo raises A$15m for Yandal expansion

By: Esmarie Iannucci     6th May 2019 Gold hopeful Echo Resources will raise A$15-million through a share placement to fund its exploration growth strategy at its Yandal project, in Western Australia. The ASX-listed junior will raise an initial A$11.3-million through a first tranche placement of 87-million shares, at a price of 13c... 

WA leads the charge in Australia mining jobs growth

By: Esmarie Iannucci     6th May 2019 Demand for resource staff continues to grow across Australia, with new research by technology firm CoverCard finding that Western Australia has been leading the charge over the last three years. In research conducted on behalf of the Minerals Council of Australia (MCA), CoverCard found that... 

Myanmar Metals outlines plan for Bawdwin starter pit

By: Esmarie Iannucci     6th May 2019 A prefeasibility study (PFS) into a Phase 1 starter pit at the Bawdwin polymetallic mine, in Myanmar, has revealed that it will be the world’s third-largest producing lead mine and the tenth largest silver mine, as well as being a significant zinc producer. ASX-listed Myanmar Metals on Monday... 

WA miners contributed A$58bn to economy

By: Esmarie Iannucci     6th May 2019 New data from the Chamber of Minerals and Energy of Western Australia (CME) has found that the state’s resources sector had contributed more than A$57.7-billion to the Australian economy in 2017/18. In a survey of 41 Western Australian mining, oil and gas, energy and contractor companies, the... 

Perseus board approves $265m Côte d’Ivoire gold mine

By: Esmarie Iannucci     6th May 2019 Dual-listed gold miner Perseus Mining has started the development of its Yaouré gold mine, in Côte d’Ivoire, after the board approved the $265-million development. Yaouré is expected to become a large-scale, low-cost gold mining operation producing an average of 215 000 oz/y over the first five... 

Perseus board approves $265m Côte d’Ivoire gold mine

Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

By: Reuters     3rd May 2019 Wesfarmers's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47% premium for Kidman, which is developing the Mount... 

Australian battery materials plant eyes financing deal by end-June

By: Reuters     3rd May 2019 Nickel miner Australian Mines hopes to lock in funds for a planned A$1.3-billion ($935 million) battery materials plant by end-June, its chief executive said, despite volatile prices that have crimped lending to the new energy sector. The company is talking with South Korean battery maker SK... 

AuStar weighing buy of neighbour Centennial

By: Esmarie Iannucci     3rd May 2019 ASX-listed junior AuStar Gold on Friday revealed intentions to make a takeover offer for embattled Centennial Mining. Centennial Mining went into voluntary administration in March this year, after failing to complete an audit and recapitalization plan. 

Renascor considers larger development at Siviour

By: Esmarie Iannucci     3rd May 2019 Graphite developer Renascor Resources saw its share price surge on Friday after announcing an optimised development plan for Stage 1 of its Siviour graphite project, in South Australia. The optimised development plan looked at increasing the 22 800 t/y Stage 1 production by nearly four fold to... 

Kingston raises funds for Misima exploration

By: Esmarie Iannucci     3rd May 2019 ASX-listed Kingston Resources would raise more than A$8-million through a share placement and entitlement offer to advance exploration at its Misima gold project, in Western Australia. The company on Friday announced that it had received biding commitments to raise an initial A$4.3-million... 

Victoria raises the bar on mining integrity track record

By: Esmarie Iannucci     3rd May 2019 The Victorian government has introduced new assessment guidelines to the resources sector to provide assurance of a company’s track record, and the records of its directors and executives. Resources Minister Jaclyn Symes said this week that a focus would be placed on minerals explorers and miners... 

Tando's SPD proves viable

By: Esmarie Iannucci     3rd May 2019 A scoping study into ASX-listed Tando Resources’ Phase 1 SPD vanadium project, in South Africa, has demonstrated that the project is technically and financially viable. The Phase 1 project is based on a 2.2-million tonne a year stand-alone operation, which is expected to produce an average of... 

Small endangered bird delays Adani’s big Queensland coal mine

By: Esmarie Iannucci     3rd May 2019 Indian major Adani is facing yet another hurdle in the development of its $16.5-billion Carmichael coal project, in Queensland, after the state government rejected a management plan for the endangered black-throated finch. Adani Mining CEO Lucas Dow on Friday said that the company had received... 

Small endangered bird delays Adani’s big Queensland coal mine

Struggling junior miners woo investors to fund exploration projects

By: Reuters     3rd May 2019 Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into... 

Mining body releases autonomous systems guideline

By: Nadine James     3rd May 2019 The Global Mining Guidelines Group (GMG) published the Guideline for the Implementation of Autonomous Systems in Mining last month, in an effort to assist in the implementation of these systems, which are being used more and more frequently owing to their potential for making the mining industry... 

Mining body releases autonomous systems guideline
LEADING THE WAY Rio Tinto, one of the pioneers in implementing autonomous mining systems, including autonomous trucks, assisted in the guideline's publication

First-quarter gold demand lifted by central banks, ETFs 

By: Simone Liedtke     2nd May 2019 Continued growth in central bank buying and growth in gold-backed exchange-traded funds contributed to a 7% year-on-year increase in global gold demand to 1 053.3 t for the first quarter of this year, the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report shows. Gold demand... 

First-quarter gold demand lifted by central banks, ETFs

Mine versus lab: how green is your diamond?

By: Reuters     2nd May 2019 Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors. The US Federal Trade Commission, which investigates... 

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