- Home
- Loadshedding
- Latest News
- Sector News
- Back
- Base Metals
- Chemicals
- Coal
- CSR
- Critical Minerals
- Diamonds
- Diversified Miners
- Environmental
- Exploration
- Ferrous Metals
- Fluorspar
- Gemstones
- Gold
- Graphite
- Health & Safety
- Hydrogen
- Legislative Environment
- Lithium
- Mineral Sands
- Mining Services
- Oil and Gas
- Platinum Group Metals
- Potash & Phosphates
- Project Management
- Rare-Earth Minerals
- Silver
- Uranium
- Vanadium
- World News
- Magazine
- Video Reports
- Audio
- Research
- Press Office
- Electra Mining
- Announcements
- Virtual Showroom
- Topics
- What's On
- Jobs
- Mining Indaba
- Apps
- Product Portal
- Webinars
- About Us
- Legal Notice
- Comment Guidelines
- Marketing Videos
- Live Twitter Feed
Australasia News
Nifty's funding talks fail to deliver
By: Esmarie Iannucci 23rd February 2023 ASX-listed Cyprium Metals has been forced back to the drawing board after failing to secure funding to restart its Nifty copper project, in the Pilbara. The company has called off a previously announced share placement to raise A$35-million after its negotiations with international debt capital... →
Qld's hydrogen ambitions get watered
By: Esmarie Iannucci 23rd February 2023 Queensland’s budding hydrogen industry has been given a boost with the approval of the A$983-million Fitzroy to Gladstone water pipeline. The Fitzroy to Gladstone Pipeline will deliver water security to the Gladstone region , where industry currently generates A$6-billion in gross regional... →
Closer alliance needed for critical minerals development - Minister
By: Esmarie Iannucci 23rd February 2023 Government and industry would need to work together to bring forward a new wave of investment to advance Australia’s critical minerals sector, federal Resources Minister Madelein King said this week. Speaking in Perth, King noted that Australia’s critical minerals major project pipeline... →
Pacific Nickel close to Kolosori start
By: Esmarie Iannucci 23rd February 2023 Junior Pacific Nickel is hoping to start direct shipping ore (DSO) production at its Kolosori nickel project, in the Solomon Islands, late in the third quarter of this year, subject to financing and contractor mobilisation. The company on Thursday told shareholders that following the completion... →
MinRes and Albemarle deepen partnership
By: Esmarie Iannucci 23rd February 2023 US lithium major and ASX-listed Mineral Resources (MinRes) have announced plans to restructure the MARBL lithium joint venture (JV), in Australia, and for MinRes to invest in Albemarle conversion assets in China. Under the restructuring agreement of the MARBL JV, MinRes would increase its... →
King still believes in Chevron's CCS plans
By: Esmarie Iannucci 23rd February 2023 Federal Resources Minister Madeleine King has backed US energy major Chevron’s carbon capture and storage (CCS) efforts at its Gorgon liquefied natural gas (LNG) project, in Western Australia. The Gorgon project off the coast of Western Australia is Australia’s only carbon capture use and... →
Cost brings down Regis' joy
By: Esmarie Iannucci 23rd February 2023 While cost pressures impacted gold miner Regis Resources’ earnings in the half-year ended December, the miner reported an increase in gold sales and gold revenues. Regis has reported that gold sales for the half year ended December had reached 227 000 oz, up from the 217 000 oz in the previous... →
Minbos flags cost cuts in Angola
By: Esmarie Iannucci 23rd February 2023 ASX-listed Minbos Resources has flagged a $10-million capital cost saving at its Cabinda phosphate project, in Angola, on the back of a simplified flowsheet. The company on Thursday reported that following field trials in December last year, which confirmed that phosphate rock from the Cácata... →
Red 5 to raise A$90m
By: Esmarie Iannucci 23rd February 2023 Junior gold miner Red 5 has completed a fully underwritten A$90-million capital raise to support work at the newly commissioned King of the Hills (KOTH) mine, in Western Australia. The ASX-listed miner has completed a bookbuild for a fully underwritten A$80-million two-tranche share placement,... →
Cokal raises cash to advance BBM
By: Esmarie Iannucci 23rd February 2023 ASX-listed Cokal will raise A$16-million to accelerate metallurgical coal production at its Bumi Barito Mineral (BBM) project in Indonesia, where first saleable coal was recently produced. Cokal on Thursday announced that it would place some 100-million new fully paid ordinary shares to... →
BHP trials green fuel in the Pilbara
By: Esmarie Iannucci 23rd February 2023 Diversified miner BHP is trialling the use of Hydrotreated Vegetable Oil (HVO) at its Yandi iron-ore operations, in Western Australia, to help power mining equipment. Supplied through a collaboration with energy major bp, the renewable diesel made from HVO will be used in haul trucks and other... →
Minerals Council welcomes 125% energy tax break in Budget speech
By: Martin Creamer 22nd February 2023 Minerals Council South Africa welcomed the government’s intervention on Eskom’s debt and the financial encouragement to stimulate businesses building renewable energy projects by offering generous tax incentives as outlined in the 2023 Budget Speech. The Minerals Council believes there should be... →
US-made rare earths to skip China in supply deal with Japan
By: Bloomberg 22nd February 2023 America’s only rare-earths producer has agreed a deal to ship output from its new processing plant to Japan, part of a broader move by the US and allies to reduce China’s role in their critical supply chains. MP Materials, owner of the Mountain Pass mine in California, will sell material from... →
Do everything to fight inflation, says AngloGold, which is growing fastest in US 
By: Martin Creamer 22nd February 2023 Everything must be done to fight inflation, says AngloGold Ashanti CEO Alberto Calderon, a former International Monetary Fund luminary, who has reported vigilant cost control in a year dominated by what the Johannesburg- and New York-listed company described as the highest inflation rates in more... →
Commodity prices take a bite out of Rio profit
By: Esmarie Iannucci 22nd February 2023 Diversified major Rio Tinto has seen its profit after tax fall by 41%, while underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) decrease by 30% for the full year ended December, as commodity prices fell. Profit after tax reached $12.4-billion in the full year... →
Rio's Baowu JV to kick in in March
By: Esmarie Iannucci 22nd February 2023 Mining major Rio Tinto’s joint venture (JV) with China’s Baowu Steel Group is expected to become effective in March this year, with Rio reporting that all primary environmental and Australian government approvals were now in place. The two companies last year reached a JV agreement over the... →
New plan in the works for Ranger rehabilitation
By: Esmarie Iannucci 22nd February 2023 A revised mine closure plan for the Ranger uranium project, in the Northern Territory, is expected in September. ASX-listed Energy Resources of Australia (ERA) in May last year launched a feasibility study to assess a lower technical risk rehabilitation methodology and to further refine the... →
Allegiance calls in administrators
By: Esmarie Iannucci 22nd February 2023 Coal miner Allegiance Coal has gone into voluntary administration on Wednesday, days after announcing plans to pivot back to metallurgical coal production at both of its North American operating mines in response to a dramatic fall in thermal coal prices. The administrators on Wednesday said... →
AngloGold mineral reserve additions exceed depletion for sixth year running
By: Martin Creamer 22nd February 2023 Production improvement and holding cost increases at half the inflation rate were achieved by gold mining company AngloGold Ashanti in 2022, when its mineral reserve additions again exceeded depletion for the sixth consecutive year. The mineral reserve increased by 3.5-million ounces... →
Alkane's expansion plans approved
By: Esmarie Iannucci 22nd February 2023 The New South Wales government has approved the Tomingley gold extension project, allowing for the development of the Roswell and San Antonio deposits, south of the Tomingley operation. The approval allows ASX-listed Alkane Resources to undertake opencut mining at the Roswell and San Antonio... →
A$565m investment planned at Port Hedland
By: Esmarie Iannucci 22nd February 2023 The federal government has announced a A$565-million investment to expand the export and import capacity at the port of Port Hedland, with Prime Minister Anthony Albanese saying it would help unlock trade and investment opportunities, local jobs and help drive Australia's Net Zero future. “In... →
Impairments hit St Barbara hard
By: Esmarie Iannucci 22nd February 2023 Gold miner St Barbara has swung into a loss for the half year ended December, after reporting significant impairments on its Atlantic and Simberi operations. The miner on Wednesday reported an underlying loss of A$9-million for the half year under review, down from a profit of A$15-million in... →
OZ Minerals feeling the impact of a tough year
By: Esmarie Iannucci 22nd February 2023 Takeover target OZ Minerals has seen net profits after tax for the 2022 financial year fall by 323.4% to A$207.3-million, while earnings before interest, taxes, depreciation and amortisation fell by 469.7% to A$692.7-million. “2022 saw the OZ Minerals team end the year on a strong note after a... →
Higher oil price drives Santos to new heights
By: Esmarie Iannucci 22nd February 2023 Oil and gas major Santos has reported record underlying earnings for the full year ended December, with underlying profits increasing by 160% to $2.46-billion. Net profits after tax for the year were up by 221% to $2.1-billion while earnings before interest, tax, depreciation and amortisation... →
Perseus posts record profits
By: Esmarie Iannucci 22nd February 2023 Dual listed gold miner Perseus Mining has reported a record A$203-million profit after tax for the half-year ended December, as gold production increased Revenue for the half year was reported at A$665-million a 22% increase on the previous corresponding period, while earnings before interest,... →
BHP Group says reform to LME nickel contract 'long overdue'
By: Bloomberg 22nd February 2023 BHP Group, the world's largest-listed miner, said that the London Metal Exchange's nickel contract does not represent the physical market and reform is "long overdue". Sliding volumes since a nickel trading fiasco last year, when the LME suspended the market for more than a week, have... →
Green steel to cut Scope 3, solar to cut Scope 2, hydrogen to cut Scope 1 – Kumba Iron Ore
By: Martin Creamer 21st February 2023 South Africa’s Kumba Iron Ore sees itself as a critical player in the decarbonisation journey. Regarding tricky Scope 3 emission reduction, the Anglo American company is partnering with top steelmakers Salzgitter, ThyssenKrupp and Nippon to cut its Scope 3; advancing fast towards generating its... →
IEA warns on continuing high methane gas emissions from the global energy sector
By: Rebecca Campbell 21st February 2023 The International Energy Agency (IEA) has warned that emissions of methane remained “stubbornly high”. It did so in its “Global Methane Tracker 2023” report, published on Tuesday. Methane is a major contributor to climate change, being responsible for some 30% of the global temperature increase... →
BHP expects labour costs to remain high
By: Esmarie Iannucci 21st February 2023 Major BHP is expecting the tight labour market to be the biggest inflationary concern for 2023, VP market analysis and economics Dr Huw McKay said on Tuesday. “Six months ago, at the time of our full year results for the financial year 2022, we noted that while prices in general remained close... →
Leo Lithium eyeing early cashflows from Mali
By: Esmarie Iannucci 21st February 2023 Lithium developer Leo Lithium is hoping for some early cash generation from its Goulamina lithium project, in Mali, with the mining and sale of direct shipping ore (DSO) ahead of the start of commissioning in the second quarter of 2024. Leo MD Simon Hay said on Tuesday that the company is... →
Kumba Iron Ore resilient in tough environment, declares cash dividend
By: Martin Creamer 21st February 2023 South African iron-ore producer Kumba has delivered a resilient financial performance in 2022, despite the year being characterised by a volatile macro environment, lower iron-ore prices, disruptive logistics, cost pressures and operational challenges, the JSE-listed company reported on Tuesday.... →
Magnis to supply US-produced AAM to Tesla
By: Esmarie Iannucci 21st February 2023 Vertically integrated lithium-ion battery technology and materials company Magnis Energy Technologies has inked a binding offtake agreement with electric vehicle (EV) major Tesla. Under the agreement, Magnis will supply a minimum of 17 500 t/y of active anode materials (AAM) to Tesla from a... →
Anson flags hydro potential in Utah
By: Esmarie Iannucci 21st February 2023 The Paradox lithium project, in Utah, has the potential to generate up to 7 MW of ‘green energy’ during brine extraction and transportation to the lithium extraction plant, through the inclusion of hydro energy plants. ASX-listed Anson Resources told shareholders that a hydro power study at its... →
Allkem adjusts Mt Cattlin expectations
By: Esmarie Iannucci 21st February 2023 Lithium miner Allkem has lowered its production forecast at the Mt Cattlin mine, in Western Australia, for the 2023 financial year. The company in its December quarterly report flagged an annual production of 140 000 t to 150 000 t at the operation, but on Tuesday downgraded this to between 114... →
Costs rise and profits fall at Ramelius
By: Esmarie Iannucci 21st February 2023 Gold miner Ramelius Resources has seen production and revenue fall in the half-year ended December. The miner reported that gold production in the six months under review reached 118 000 oz, down from the 132 605 oz produced in the first half of the 2022 financial year, with net profits after... →
Iluka takes an FID amid record revenue
By: Esmarie Iannucci 21st February 2023 ASX-listed Iluka has taken a final investment decision (FID) on the A$480-million Balrandald critical minerals project, in New South Wales. The development is focussed on the rutile- and zircon-rich West Balranald deposit, which also contains material quantities of rare earth minerals. →
BHP looking to divest Qld coal mines
By: Esmarie Iannucci 21st February 2023 Diversified miner BHP on Tuesday flagged plans to divest of the Daunia and Blackwater coal mines, in Queensland, under the BHP Mitsubishi Alliance (BMA). The miner said in its interim results that given its strategy to focus its coal portfolio on the highest quality metallurgical coals, the BMA... →
BHP's profits tumble
By: Esmarie Iannucci 21st February 2023 Diversified major BHP has reported a 16% fall in revenue for the half-year ended December, while profits after tax fell by 32% on the previous corresponding period. Revenue from continuing operations declined from $30.5-billionto $25.7-billion while profits after tax was reported at... →
Latest News
Latest Videos
Latest News: Africa and Europe
Latest News: Americas
Topics In These Articles
