R/€ = 17.14 Change: -0.17
R/$ = 16.85 Change: -0.33
Au 1737.79 $/oz Change: -67.42
Pt 850.50 $/oz Change: -26.40

Australasia News

Bill Gates-led fund backs startup with cheaper way to move hydrogen

By: Bloomberg     28th June 2022 A hydrogen molecule is tiny. So tiny, in fact, that trying to store and transport it via existing tanks and pipes can end up causing cracks in steel. If hydrogen is to become a clean fuel of the future, urgent technological solutions are needed to keep it in place and move it at will. Enter... 

Nova reports 1 330 g/t gold discovery in Alaska

By: Darren Parker     28th June 2022 Ongoing resource drilling at Nova Minerals RPM gold project’s North deposit, in Alaska, has delivered a “bonanza” gold grade discovery of 1 330 g/t from selective sampling of mineralised veins in drill core, resulting in a 13% boost in the ASX-listed company’s share price on Tuesday. The drilling... 

Northern Star considers three mill expansion options at KCGM

By: Darren Parker     28th June 2022 Gold mining company Northern Star Resources is mulling over three potential mill expansion options that were put forward in a recently completed Kalgoorlie Consolidated Gold Mines (KCGM) mill optimisation prefeasibility study (PFS). The PFS formed part of an investigation into opportunities for... 

KCGM super pit in Australia
Photo by Bloomberg
KCGM is one of the world's largest gold mines

Kingsgate appoints GM for Chatree

By: Creamer Media Reporter      28th June 2022 ASX-listed Kingsgate has appointed Wayne Schiller, a mining processional with more than 30 years of experience, as the general manager for the Chatree gold mine, in Thailand. Schiller will start work on July 18 and his initial focus will be on the refurbishment and recommissioning of the mine,... 

New Acland expansion gains environmental approval

By: Mariaan Webb     28th June 2022 The New Acland Stage 3 coal project of ASX-listed New Hope Group moved a step forward on Tuesday, with the Queensland government granting the project environmental approval. The coal miner has been battling to gain approval for the Stage 3 development of its New Acland mine and was earlier... 

Two recently appointed Firefinch directors quit

By: Mariaan Webb     28th June 2022 Australia-based Firefinch on Tuesday announced that its two recently appointed nonexecutive directors had resigned. Liz Wall and Naomi Scott, whose appointments were announced at the end of May, had resigned with effect from Monday, the ASX-listed company said, without providing reasons for the... 

Sayona and Piedmont approve C$98m Quebec lithium restart

By: Mariaan Webb     28th June 2022 Emerging lithium producer Sayona Mining has cemented plans to get its North American spodumene production off the ground in 2023, following a formal agreement of the North American Lithium (NAL) restart programme. Sayona Quebec, which is 75% owned by Sayona and 25% by Piedmont, has formally... 

Sayona and Piedmont approve C$98m Quebec lithium restart

SSR faces temporary halt at Turkey mine over cyanide leak

By: Mariaan Webb     28th June 2022 US-based SSR Mining’s stock fell on Monday as the company reported a cyanide leak at its Çöpler mine, in Turkey, which may result in a temporary suspension of operations. SSR, which is listed on the Nasdaq, TSX and ASX, said local Turkish media and social media posts from the Environment... 

The Copler sulphide plant
The Copler sulphide plant

Copper Mountain hires Macquarie to weigh Eva options

By: Mariaan Webb     28th June 2022 Canadian miner Copper Mountain Mining has engaged investment bank Macquarie Capital to evaluate strategic opportunities regarding the Eva copper project, in Queensland, Australia, the company confirmed on Monday. Copper Mountain was responding to media reports about a possible project sell-off.... 

Resource Mining Corp starts maiden drilling in Tanzania

By: Marleny Arnoldi     27th June 2022 ASX-listed exploration company Resource Mining Corporation has started a maiden drilling programme for 18 reverse circulation holes at the Kabulwanyele nickel project, in Tanzania. The 1 000 m drill programme is testing a 2 km strike anomaly that was identified from prior soil and rock sampling... 

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall
Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

Monger appoints former Pilgangoora project director as CEO

By: Creamer Media Reporter      27th June 2022  ASX-listed exploration company Monger Gold has appointed Adam Ritchie, the former project director of Pilbara Minerals’ flagship Pilgangoora lithium project, as its CEO. The appointment strengthens the company’s capabilities and skills as it progresses the development of its Scotty lithium... 

Optimisation study slices half-a-billion dollars off Kola project’s capital cost  

By: Marleny Arnoldi     27th June 2022 Dual-listed Kore Potash has announced that the capital cost estimation for its Kola potash project, in Congo-Brazzaville, has decreased by $520-million to $1.8-billion, following the completion of an optimisation study on the project. Sepco Electric Power Construction Corporation undertook the... 

A photo of potash ore

Panther announces large nickel/cobalt resource increase at Coglia

By: Darren Parker     27th June 2022 ASX-listed Panther Metals has released its maiden nickel/cobalt mineral resource estimate (MRE) for its Coglia project in Western Australia, which exceeds the upper limit of the former Joint Ore Reserves Committee- (Jorc) exploration target (JET) by 20-million tonnes, constituting a 40% increase... 

OZ Minerals lowers its yearly copper production guidance

By: Darren Parker     27th June 2022 ASX-listed OZ Minerals has lowered its total yearly copper production guidance for 2022 to reflect a softer start to the year. The guidance was lowered from between 127 000 t and 149 000 t to between 120 000 t and 135 000 t. The company attributed this to Covid-19-related absenteeism and adverse... 

Cyprium announces A$50m prepayment offtake agreement for Nifty restart

By: Mariaan Webb     27th June 2022 Australian firm Cyprium Metals has entered into a letter of intent (LoI) with commodities trader Glencore for a A$50-million offtake prepayment facility, as part of a targeted A$240-million to A$260-million funding package to finance the restart of the Nifty copper project, in Western Australia.... 

Evolution’s shares hammered by production downgrade

By: Mariaan Webb     27th June 2022 The share price of Evolution Mining took a beating on Monday, as the company downgraded its forecast gold production for the year to June 30, and lowered its expectations for the next two years. The gold miner, which owns mines Australia and Canada, further lowered its 2022 production guidance... 

An image of Evolution's Jake Klein speaking
Evolution executive chairperson Jake Klein

WDC president says there seems to be movement towards KP reform

By: Marleny Arnoldi     27th June 2022 There seems to be a positive shift in the readiness of World Diamond Council (WDC) members to reforming the Kimberley Process (KP), says president of the organisation Edward Asscher. In closing the 2022 KP Intersessional, which was hosted in Botswana last week, he highlighted that strong... 

Queensland announces A$15m funding to fast-track Gladstone hydrogen hub

By: Darren Parker     27th June 2022 Queensland has announced a A$15-million commitment to support the development of a publicly owned, large-scale hydrogen export facility in Gladstone. Queensland Deputy Premier Steven Miles, who recently returned from Japan where he was promoting investment opportunities in Queensland’s renewable... 

QRC slams new Queensland Resources Industry Development Plan

By: Darren Parker     27th June 2022 Industry body the Queensland Resources Council (QRC) has responded with ire to the release of the Queensland Resources Industry Development Plan, which the Australian Department of Resources assisted in developing. “Unfortunately, a Queensland government 30-year plan isn’t worth the paper it’s... 

Metals haven’t crashed this hard since the great recession

By: Bloomberg     27th June 2022 Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s... 

Rio Tinto to help Mongolia tackle climate change, desertification

By: Reuters     27th June 2022  Rio Tinto on Friday signed an agreement with Mongolia's environment ministry to address climate change and desertification issues in the country where the global miner operates the massive Oyu Tolgoi copper mine. Between 2022 and 2026, the Anglo-American miner's local unit will help the east... 

US court upholds Arizona land swap deal for Rio Tinto copper mine

By: Reuters     27th June 2022 A US appeals court has ruled that the federal government may give thousands of acres in Arizona to Rio Tinto for a copper mine, upholding a lower court's ruling and rejecting a request from Native Americans who said the land has religious and cultural import. The 2-1 ruling from the San... 

US court upholds Arizona land swap deal for Rio Tinto copper mine

Ban on new gold imports from Russia seen as 'largely symbolic’

By: Bloomberg     27th June 2022 The plan by some Group of Seven nations to ban new gold imports from Russia is “largely symbolic” as flows have already been restricted by sanctions, according to analysts. The US, UK, Japan and Canada plan to announce the ban during the G-7 summit that started Sunday in Germany. While the UK... 

Ban on new gold imports from Russia seen as 'largely symbolic’

Biden urges G7 to stay together as leaders target Russian gold, oil price

By: Reuters     27th June 2022 US President Joe Biden told allies "we have to stay together" against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy. At the start of the meeting in the Bavarian Alps, four of the Group of Seven... 

Iron-ore output poised to grow globally up to 2030

By: Marleny Arnoldi     24th June 2022 Research agency Fitch Solutions Country Risk & Industry Research believes global iron-ore production is likely to accelerate between 2022 and 2026, after stagnating somewhat over the past five years. The agency forecasts global iron-ore mine output to grow by an average 2.7% over the period,... 

Fortescue iron-ore being transported
Photo by Bloomberg
Fortescue iron-ore

High-purity manganese facing phenomenal demand growth, PDAC hears 

By: Martin Creamer     24th June 2022 The commitment of at least six major motor companies to manganese-based batteries for battery electric vehicles (BEVs) is elevating the demand outlook for high-purity manganese phenomenally, a Prospectors & Developers Association of Canada (PDAC) conference has been told. CPM Group lead manganese... 

Creamer Media screenshot.
CPM Group lead manganese analyst Andrew Zemek.

ERA seeks urgent interim funding solution for Ranger rehabilitation

By: Darren Parker     24th June 2022 Owing to Energy Resources of Australia’s (ERA’s) current unfavourable cash-on-hand position, the ASX-listed company has stated that it is urgently seeking an interim funding solution to pay for ongoing rehabilitation efforts at its Ranger project, in the Northern Territory. The mine project area,... 

Highfield receives Muga potash construction licences

By: Darren Parker     24th June 2022 ASX-listed Highfield Resources has received a licence to construct the mine gate and two underground declines at its flagship Muga potash project, in Spain. The local Townhalls, or councils, of Undués de Lerda and Sangüesa in Navarra are the responsible approving authorities for the mine gate... 

Exploration at Lulo adds two new high-priority kimberlites for bulk sampling

By: Darren Parker     24th June 2022 The kimberlite exploration work programme at Lulo, in Angola, has been boosted by the addition of two new high-priority kimberlites for bulk sampling, says ASX-listed Lucapa Diamond Company. Lucapa, which owns Lulo in a partnership with Angolan national mining company Endiama and private Angolan... 

Lulo diamond mine in Angola
Lulo diamond mine in Angola

Gold Road moves ahead with compulsory DGO Gold takeover

By: Darren Parker     24th June 2022 ASX-listed Gold Road Resources, which currently holds a relevant interest in 95.14% of fellow ASX-listed DGO Gold shares, will now proceed with the compulsory acquisition of the remaining DGO shares following a previously announced off-market takeover offer. The offer is scheduled to close at... 

Australia's sex discrimination commissioner calls for urgent change in mining sector

By: Reuters     24th June 2022 Australia's sex discrimination commissioner has called for urgent changes in the country's mining industry after a state government report found that sexual harassment and assault were rife in the sector. The Western Australia parliamentary report on Thursday detailed what it said was horrifying... 

Australia's sex discrimination commissioner calls for urgent change in mining sector

Jervois confirms ICO capex at $107m, expects first ore through new mill in October

By: Darren Parker     24th June 2022 ASX-, TSX-V- and OTCQX-listed Jervois Global has said that it expects to start commissioning the plant at its Idaho Cobalt Operations (ICO), in the US, in September, with first ore through the mill in October. The company said on Friday that sustainable, full-rate ore processing was forecast to... 

Carmaker Stellantis to take 8% stake in lithium supplier Vulcan

By: Reuters     24th June 2022 Vulcan Energy Resources said on Friday Dutch automaker Stellantis would buy an 8% stake for A$76-million, sending the lithium miner's shares more than 24% higher. Australia-headquartered Vulcan will issue about 8.5-million shares to Stellantis at A$6.622 a share, which represents a 32.4% premium... 

Carmaker Stellantis to take 8% stake in lithium supplier Vulcan

Lofty lithium bid suggests scorching rally may not be over

By: Bloomberg     23rd June 2022 The highest bid for lithium at an auction run by an Australian miner suggests a blistering rally in the battery metal may not be over. Pilbara Minerals said a buyer will pay a price equating to $7 017 a ton for spodumene concentrate -- a partly-processed form of lithium -- delivered to China.... 

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Residents end blockade of Las Bambas mine road, agree to dialogue

By: Reuters     23rd June 2022 A community in Peru's Andes mountains on Wednesday suspended their blockade of a highway used by MMG Ltd's Las Bambas copper mine, agreeing to negotiate with the government and the company over the road's use, one of the community's leaders said. "It is a truce that will last until Wednesday of... 

Strike secures an additional A$20m for Perth Basin

By: Esmarie Iannucci     23rd June 2022 ASX-listed Strike Energy has secured up to A$20-million in additional funding through a secured debt facility with Macquarie Bank to fund pre-development and development costs for its Perth Basin gas projects. The facility is structured in two tranches, with the first tranche of A$10-million... 

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