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Australasia News

Berkeley opens new office, hunts for new CEO

By: Esmarie Iannucci     11th July 2019 Uranium developer Berkeley Energia has announced the resignation of its MD and CEO Paul Atherley, who has been at the helm since 2015. Atherley’s replacement would likely be a Spanish National, the company said on Thursday, revealing plans to establish a head office in Madrid. 

Whitehaven's production surpasses expectation

By: Esmarie Iannucci     11th July 2019 Coal miner Whitehaven Coal’s run-of-mine (ROM) production for the full year ended June has exceeded its expectations, following a record year from its Maules Creek mine. ROM production for the full year had been estimated at between 21.8-million and 22.8-million tonnes, however, Whitehaven on... 

Coal exports reach record highs in Qld

By: Esmarie Iannucci     11th July 2019 Coal exports from Queensland set a new record in June this year, with 21.43-million tonnes of metallurgical and thermal coal exported during the month, the Queensland Resources Council (QRC) revealed on Thursday. QRC CEO Ian Macfarlane said the 11% increase on the same month last year... 

Reforms on the cards for Qld miners

By: Esmarie Iannucci     11th July 2019 The Queensland government on Thursday announced the appointment of three additional mine inspectors and another chief inspector in a bid to improve safety conditions in Queensland mines, following six deaths over the last 12 months. Natural Resources, Mines and Energy Minister Dr Anthony Lynham... 

Oz Minerals unveils hub plans for Brazil

By: Esmarie Iannucci     11th July 2019 Australia-based miner Oz Minerals on Thursday announced a hub strategy for its Brazilian assets, with copper and gold processing facilities serving multiple small and mid-sized mines in Carajás and the Gurupi provinces. A nine month review and concurrent drilling programme of Oz Minerals’... 

Oz Minerals unveils hub plans for Brazil

Higher ore reserve backs Sheffields' plans at Thunderbird

By: Esmarie Iannucci     10th July 2019 Mineral sands developer Sheffield Resources has reported a 10% increase in the ore reserve at its Thunderbird project, in Western Australia. Sheffield on Wednesday reported that some 68-million tonnes had been added to the Thunderbird reserve, bringing it to 748-million tonnes, grading at 11.2%... 

Dacian soars on LoM plan for Mt Morgans

By: Esmarie Iannucci     10th July 2019 The share price of ASX-listed gold miner Dacian Gold increased by nearly 22% on Wednesday following an updated life-of-mine (LOM) review for its Mt Morgans project, which underpinned a more than one-million ounce production profile. The updated LOM plan estimated an average annual production of... 

Klein disappointed with Evolution's costs

By: Esmarie Iannucci     10th July 2019 Gold miner Evolution Mining has failed to hit its costs guidance for the 2019 financial year, with executive chairperson Jake Klein saying that the company was determined to remain focused on margins and operating efficiencies. Gold production in the June quarter reached 194 866 oz, bringing... 

Klein disappointed with Evolution's costs
Photo by Bloomberg
Evolution executive chairperson Jake Klein

Ramelius delivers sold June quarter

By: Esmarie Iannucci     10th July 2019 Gold miner Ramelius Resources has delivered another solid quarter of production for the three months to June, with the ASX-listed miner producing 47 342 oz during the quarter. The June quarterly production was well within the guidance of between 45 000 oz and 50 000 oz. 

Marindi raises cash for WA exploration

By: Esmarie Iannucci     10th July 2019 Explorer Marindi Metals will raise A$2.5-million through a share placement, convertible note deed and an entitlement offer to fund exploration programmes at its Forrestania gold and lithium projects, in Western Australia. The initial fundraising will consist of the placement of 116-million... 

Hendrix adds to Mt Hardy resources

By: Esmarie Iannucci     10th July 2019 ASX-listed Todd River Resources has reported a maiden mineral resource estimate of 2.6-million tonnes, grading 10.5% zinc equivalent at the Hendrix deposit, within its greater Mt Hardy copper/zinc project, in the Northern Territory. The mineral resource contains some 175 000 t of zinc, 22 500 t... 

OceanaGold's injunction delayed

By: Esmarie Iannucci     10th July 2019 Dual-listed gold miner OceanaGold on Wednesday told shareholders that there has been a delay in its application for an injunction against the unauthorised restraint of its Didipio operations, in the Philippines. The ASX- and TSX-listed miner last week filed for an injunction against the local... 

Mining stocks could rebound with help from Trump and China

By: Bloomberg     9th July 2019 The backdrop for miners is ready to brighten in the second half of this year. They just need a resolution of the trade war between the US and China to light a fire under their stocks. Metal prices and mining equities have been at the mercy of trade headlines all year, and business fundamentals... 

Base Resources’ Kenya mine resumes full production

By: Marleny Arnoldi     9th July 2019 ASX- and Aim-listed Base Resources has returned its mining rates to nameplate capacity, after having transitioned activity at its Kwale mineral sands operation, in Kenya, to the South Dune orebody. The company on Tuesday said that while the transition of mining operations had been under way,... 

Nyrstar extends stoppage at Port Pirie smelter until late July

By: Reuters     9th July 2019 Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July. The Belgium-based company now expects both the TSL and the blast furnace to restart by the end of July. 

Century has record quarter as production ramps up

By: Esmarie Iannucci     9th July 2019 Base metals miner New Century Resources has reported record quarterly zinc production in the three months to June, as production at its namesake project in Queensland, continued to ramp-up. Overall zinc metal output during the three months to June increased by 12%, to 20 450 t of zinc metal... 

Pilbara pushes production back up

By: Esmarie Iannucci     9th July 2019 ASX-listed lithium miner Pilbara Minerals on Tuesday said that production and sales are expected to return to full capacity during the December quarter, based on the latest discussions with its customers. Pilbara last month told shareholders that production from the Pilgangoora project, in... 

Pilbara pushes production back up

Tharisa mine set for strong finish to 2019 financial year 

By: Marleny Arnoldi     9th July 2019 Platinum group metals and chrome miner Tharisa says an improvement in key production metrics has set its Tharisa mine up for a strong finish to the 2019 financial year. For the third quarter ended June 30, Tharisa achieved a 2% quarter-on-quarter improvement in reef tonnes mined and a 5.4%... 

Tharisa mine set for strong finish to 2019 financial year
Tharisa CEO Phoevos Pouroulis

Kvanefjeld costs nearly halved

By: Esmarie Iannucci     9th July 2019 The projected capital cost for the Kvanefjeld rare earths project, in Greenland, has been reduced by some 40%, from $832-million to $505-million, ASX-listed Greenland Minerals reported on Tuesday. The reduction in the capital costs estimates resulted from optimisation studies covering all... 

Bass finds buyers in India

By: Esmarie Iannucci     9th July 2019 Graphite miner Bass Metals has signed an agency agreement to supply graphite concentrates from its Graphmada project, in Madagascar, into the Indian market. The exclusive agency agreement with industrial minerals group Polo Queen Minchems provides the Indian company with an exclusive in-country... 

Strandline adds to Tajiri resource

By: Esmarie Iannucci     9th July 2019 Mineral sands developer Strandline Resources has reported an 80% increase in the resource estimate of the Tajiri project, in Tanzania, which is now estimated to host some 268-million tonnes grading 3.3% total heavy minerals. The new resource estimate has increased the contained heavy mineral... 

Gold sees wildest price swings since 2016

By: Bloomberg     9th July 2019 The gold market is seeing the biggest price swings since late 2016 as traders and investors struggled to read when the Federal Reserve may cut interest rates. Bullion futures settled little changed in New York Monday just days after the metal surged near the highest since 2013 on bets the Fed... 

Kathleen Valley resource jumps by 353%

By: Esmarie Iannucci     9th July 2019 The mineral resource estimate for the Kathleen Valley lithium/tantalum project, in Western Australia, has increased by 353%, on the back of new drilling results. ASX-listed Liontown Resources told shareholders on Tuesday that the Kathleen Valley measured, indicated and inferred resource was now... 

Intermin sells Menzies and Goongarrie

By: Esmarie Iannucci     9th July 2019 ASX-listed Intermin Resources has struck an A$8-million deal with fellow-listed Kingwest Resources to divest of its Menzies and Goongarrie gold projects, in Western Australia. Under the terms of the agreement, Kingwest would pay A$3.375-million in cash and A$4.625-million in shares, resulting in... 

Silver Lakes takes stake in Encounter

By: Esmarie Iannucci     8th July 2019 Gold miner Silver Lake Resources has taken a 5.3% stake in fellow-listed Encounter Resources, as part of Encounter’s share placement to raise A$1.4-million. Silver Lake has subscribed for 6.7-million shares in Encounter, at a price of 7.5c each. 

NTM raises cash for exploration

By: Esmarie Iannucci     8th July 2019 ASX-listed junior NTM Gold will raise A$3.86-million to accelerate the exploration on its Redcliffe gold project, in Western Australia. The company on Monday announced that it would issue some 100-million shares, at a price of 3.25c each, to institutional and sophisticated investors. The share... 

Construction starts on Project Atlas pipeline

By: Esmarie Iannucci     8th July 2019 Construction has started on the Project Atlas pipeline, in Queensland, energy infrastructure developer Jemena has announced. Project Atlas is the first acreage in Australia designated solely to supply gas to the domestic market, and includes a 40 TJ/d natural gas processing facility and a 60-km... 

Fortescue breaks ground on $1.25bn Pilbara mine

By: Esmarie Iannucci     8th July 2019 Iron-ore miner Fortescue Metals has turned the first sod at its $1.25-billion Eliwana mine and rail project, in the Pilbara. “This is a proud day for Fortescue as we celebrate the largest project since the Kings Valley mine in 2014,” Fortescue chairperson and founder Andrew Forrest said on Friday. 

Lynham calls urgent meeting after 6 mining deaths in 12 months

By: Esmarie Iannucci     8th July 2019 Queensland Natural Resources, Mines and Energy Minister Dr Anthony Lynham has called an urgent meeting between the government, representatives of the mining industry, and workers following a fatality at the Baralaba coal mine, and a “serious incident” at the Collinsville coal mine. A 27-year old... 

Lynham calls urgent meeting after 6 mining deaths in 12 months

Sundance signs new agreement with AustSino

By: Esmarie Iannucci     8th July 2019 Iron-ore hopeful Sundance Resources has inked a new agreement with ASX-listed AustSino and its noteholders, as uncertainty around the reinstatement of the Mbalam Convention with the Cameroon government, remains. Under a previous agreement struck between the Parties, AustSino originally agreed... 

Anglo American firms up stake in Orion as Prieska gets enviro nod 

By: Esmarie Iannucci     8th July 2019 Mining major Anglo American’s enterprise development division, Anglo American sefa Mining Fund (AASMF), has taken a 3.7% interest in ASX- and JSE-listed Orion Mining. AASMF in 2015 subscribed for 15.75-million redeemable preference shares in Repli Trading No 27, which is 73.33% held by Orion, at... 

Anglo American firms up stake in Orion as Prieska gets enviro nod
Orion MD Errol Smart

PIC’s shareholding in Resgen decreases to 15.42%

By: Simone Liedtke     5th July 2019 Energy resources firm Resource Generation (Resgen) on Friday reported that the Public Investment Corporation’s (PIC’s) interest in the company had decreased to 15.42% of its total shares. According to Resgen’s website, the PIC had previously held a 19.9% interest in the company. 

Oro Verde targets 60% stake in Ugandan rare earths project

By: Nadine James     5th July 2019 ASX-listed Oro Verde will acquire up to a 60% stake in the Makuutu rare earths project, in Uganda. The project is owned by Rwenzori Rare Metals, which is, in turn, 85%-owned by South Africa’s Rare Earth Elements Africa. 

UN deep sea mining body rejects Greenpeace criticism 

By: Reuters     5th July 2019 The International Seabed Authority (ISA) has rejected criticism from Greenpeace over its handling of ocean mining, fuelling a spat that threatens to overshadow talks this month by the UN body towards rules for deep sea mining. Mining international waters is in the spotlight as companies and... 

UN deep sea mining body rejects Greenpeace criticism

Juardie on target for full production by the fourth quarter

By: Esmarie Iannucci     5th July 2019 Junior gold developer Beacon Minerals is targeting full production at its Juardie gold project, in Western Australia, by the fourth quarter of this year. The ASX-listed company on Thursday said an initial throughput has been targeted at a rate of 500 000 t/y to deliver some 25 000 oz/y of gold. 

Argosy marks first lithium in Argentina

By: Esmarie Iannucci     5th July 2019 ASX-listed Argosy Minerals has started lithium carbonate production at its industrial-scale pilot plant at the Rincon project, in Argentina. The operation entails the continuous processing of concentrated lithium brine, which is sourced from the operational evaporation ponds at the Rincon project... 

St Barbara meets revised output guidance

By: Esmarie Iannucci     5th July 2019 Gold miner St Barbara on Friday reported that gold production for the full 2019 financial year had reached 362 346 oz, which was consistent with the revised guidance of 360 000 oz. St Barbara last month flagged lower production from its Gwalia operation, in Western Australia, on the back of... 

Jambreiro PFS proves up for Centaurus

By: Esmarie Iannucci     5th July 2019 A prefeasibility study (PFS) into the Jambreiro iron-ore project, in Brazil, has estimated that the project would require a capital investment of A$59.8-million. ASX-listed Centaurus Metals on Friday noted that the one-million-tonne-a-year operations is expected to have an initial mine life of 18... 

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