R/€ = 17.02 Change: -0.06
R/$ = 16.60 Change: -0.08
Au 1767.29 $/oz Change: -37.92
Pt 859.49 $/oz Change: -17.41

Australasia News

Hastings takes full ownership of Yangibana tenements

By: Esmarie Iannucci     23rd June 2022 Rare earths developer Hastings Technology Metals has struck a A$9-million deal with Cadence Minerals to acquire its 30% interest in the Yangibana joint venture (JV) tenements, in Western Australia. Following the acquisition, which would be satisfied by the issue of fully paid ordinary shares in... 

Antilles flags more potential in Cuba

By: Esmarie Iannucci     23rd June 2022 ASX-listed Antilles Gold has flagged the potential for a second mine development in Cuba, in a joint venture (JV) with the Cuban government’s mining company, GeoMinera. The company told shareholders that based on a review of geological data from exploration work undertaken by a Canadian company... 

Leo Lithium starts trading on the ASX

By: Esmarie Iannucci     23rd June 2022 Lithium spin-off Leo Lithium on Thursday started share trading on the ASX under the code LLL. The listing followed a successful initial public offering (IPO) in May, during which Leo raised A$100-million through the issue of 142.9-million shares at a price of 70c each.  

A$600m hydrogen refuelling planned for Hume Highway

By: Esmarie Iannucci     23rd June 2022 Australian companies Hydrogen Fuels Australia (H2FA) and CLARA Energy will build a A$600-million green hydrogen distribution network along the Hume Highway corridor running between New South Wales and Victoria. The first hydrogen refuelling station scheduled to open in 2025.  

Sustainability taking front seat at Harmony Gold  

By: Martin Creamer     22nd June 2022 Large South African gold miner Harmony Gold sees R500m/y savings from Phase 2 on-balance-sheet renewables projects. This means the estimated R1.5-billion cost of the planned 137 MW second phase solar power projects will be covered in three years. 

Picture supplied
Harmony Gold investor relations head interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Australian state's coal royalty hike could nudge others to follow suit - analysts

By: Reuters     22nd June 2022 Queensland's bigger-than-expected hike in coal royalties could embolden other Australian states and resources-heavy countries around the world to make similar moves, analysts warned on Wednesday. Australia's second-largest state, which aims to deliver a budget surplus by 2024-25, said on Tuesday... 

Lithium Power consolidates Chile project

By: Esmarie Iannucci     22nd June 2022 Lithium developer Lithium Power International (LPI) has unveiled plans to consolidate ownership of the Maricunga brine project, in Chile, by way of a three-party all-scrip merger with its joint venture (JV) partners. LPI currently holds a 51.55% interest in the Maricunga project, with JV partner... 

TNG appoints new contractor at Mt Peake

By: Esmarie Iannucci     22nd June 2022 ASX-listed TNG has appointed engineering and construction group Clough as the lead engineering and the preferred engineering, procurement and construction (EPC) contractor for its Mt Peake vanadium/titanium/iron project, in the Northern Territory. TNG’s long-standing strategic engineering partner... 

Australian Vanadium's SPP falls short

By: Esmarie Iannucci     22nd June 2022 ASX-listed Australian Vanadium’s share purchase plan (SPP) failed to stir much interest from existing shareholders, raising only A$0.57-million from a A$7.5-million target. The SPP was part of a greater capital raise which included a A$20-million placement to institution, professional and... 

De Beers' latest sales cycle generates $650m

By: Creamer Media Reporter      22nd June 2022 Diamond miner De Beers' fifth sales cycle of this year generated $650-million, as US diamond jewellery demand remained strong. Sales revenues were higher than the $477-million generated for the fifth sales cycle of 2021 and the $604-million generated during the fourth sales cycle of this year. 

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

Piedmont Lithium looks abroad amid North Carolina uncertainty

By: Reuters     22nd June 2022 Piedmont Lithium's first steps toward securing lithium supplies will be in Quebec or Ghana, not the US, as an intensifying North Carolina regulatory review delays the miner's goal of anchoring America's electric vehicle battery renaissance. The delay has forced Piedmont to expand its strategy... 

The NAL operation in Quebec
The NAL operation in Quebec

Stanmore laments new coal tax

By: Esmarie Iannucci     22nd June 2022 Coal miner Stanmore Resources has blasted the Queensland government’s decision to hike coal royalties, saying the company was analyisng the impact of the additional taxes on the business. Queensland Treasurer Cameron Dick earlier this week ended a decade-long royalty freeze, imposing a... 

Iluka awards FEED contract at Eneabba

By: Esmarie Iannucci     22nd June 2022 ASX-listed miner Iluka has awarded a front-end engineering and design (FEED) contract to Fluor Australia at its Eneabba rare earths refinery, along with a contract to undertake engineering, procurement and construction management (EPCM) services. Iluka in April took a final investment decision... 

St Barbara reviews Simberi, warns of delays in Canada

By: Esmarie Iannucci     22nd June 2022 Gold miner St Barbara has announced a strategic review of its Simberi operations, in Papua New Guinea, and has decided to defer a final investment decision on the sulphide expansion project as project costs balloon. The company has also announced a corporate restructure that would see its... 

WA appoints expert to review DMIRS harrassment protocols

By: Esmarie Iannucci     22nd June 2022 The Western Australian government has announced the appointment of an independent expert to review the Department of Mines, Industry Regulation and Safety's (DMIRS) protocols for responding to incidents of sexual harassment and sexual assault in the mining industry. Workplace culture expert at... 

Orion Minerals sets A$20m raising target

By: Esmarie Iannucci     22nd June 2022 Copper developer Orion Minerals on Wednesday announced plans to raise up to A$20-million in a three-tranche share placement to sophisticated and professional investors. Orion has already received firm commitments for the first two tranches, which will raise a combined near A$6-million. 

Woodside to face environmental group in court

By: Esmarie Iannucci     22nd June 2022 Oil and gas major Woodside will be facing the Federal Court of Australia in relation to the environmental assessment of its Scarborough project, in Western Australia, after the Australian Conservation Foundation (ACF) commenced proceedings. The ACF said on Wednesday that its case in the Federal... 

Image shows Woodside building

Small diamond miners want big licence holders built in so they can grow sector together  

By: Martin Creamer     21st June 2022 Small diamond miners want to lock arms with all stakeholders through the South African Diamond Producers’ Organisation (Sadpo) to recover a large number of lost jobs and to realise the full potential value alluvial diamonds. “The role of Sadpo is to take on those big conversations and make sure... 

Picture supplied.
Sadpo CEO Yamkela Makupula interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Strike signs port deal

By: Esmarie Iannucci     21st June 2022 ASX-listed Strike Resources has secured port access in the Pilbara that would allow the company to start exporting from its Paulsens East project in July. Strike has executed a formal combined multi-users access and licence agreement (MUA) with the Pilbara Ports Authority (PPA), securing access... 

NSW invests heavily in critical minerals future

By: Esmarie Iannucci     21st June 2022 The New South Wales government has announced a A$130-million Critical Minerals Activation Fund as part of its 2022-23 Budget, to attract mining and processing investment to New South Wales. Deputy Premier and Minister for Regional New South Wales, Paul Toole said the fund would help deliver key... 

Walkabout's maiden drill programme finds lead, zinc mineralisation at Scotland project

By: Marleny Arnoldi     21st June 2022 ASX-listed Walkabout Resources has announced solid assay results from a maiden drilling programme having been completed for 1 667 m at the Blackcraig lead/zinc/silver project, in Scotland. The assays results confirm the extension of a high-grade mineralised zone beneath historic lead/zinc mines... 

Qld puts aside A$80m for resources sector

By: Esmarie Iannucci     21st June 2022 Some A$80-million has been set aside in the Queensland Budget to support growth and diversification in the resources sector. Resources Minister Scott Stewart said the A$79.6-million department budget would help grow and diversify the resources industry into the future with a focus on good solid... 

Rio marks opening of Gudai-Darri

By: Esmarie Iannucci     21st June 2022 Diversified miner Rio Tinto has officially cut the ribbon at the Gudai-Darri mine, in the Pilbara, marking its most technologically advanced mine to date. “Gudai-Darri represents a step-change in the deployment of automation and technology within our iron ore business and a fantastic... 

Qld hikes coal royalties

By: Esmarie Iannucci     21st June 2022 The Queensland government on Tuesday introduced new royalty rates for coal miners, bringing to an end a ten-year royalty freeze. “Multinational coal companies have enjoyed an extraordinary period of stability in Queensland’s coal royalty regime, thanks to the government’s extended freeze on... 

Image shows a coal loader at the Port of Newcastle

BHP, Vale reject Brazil steelmaker CSN's interest, say miner Samarco is not for sale

By: Reuters     21st June 2022 Miners Vale and BHP said in a joint statement on Monday they are not interested in selling their joint venture Samarco, after reports of the interest of Brazilian steelmaker Companhia Siderurgica Nacional (CSN). "BHP Brasil and Vale say Samarco is not for sale and reaffirm its support for the... 

An image of the Samarco concentrator
The Samarco concentrator

Fenix to take haulage into its own hands

By: Esmarie Iannucci     21st June 2022 ASX-listed Fenix Resources has unveiled plans to become a fully integrated mining, haulage and logistics company with the acquisition of joint venture (JV) partner Newhaul’s 50% interest in a haulage JV. Fenix told shareholders on Tuesday that taking full ownership of the haulage business would... 

Canyon's Cameroon project proves up

By: Esmarie Iannucci     21st June 2022 A bankable feasibility study (BFS) into the Minim Martap bauxite project, in Cameroon, has confirmed an initial 20 year mine life, with the project expected to produce 6.4-million tonnes of high-grade bauxite a year. ASX-listed Canyon Resources on Tuesday told shareholders that the BFS was... 

Bowen secures A$190m financing for Burton buy

By: Esmarie Iannucci     21st June 2022 Coal miner Bowen Coking Coal has secured A$190-million in funding to fast-track the acquisitions of the Burton and Lenton projects, in Queensland. Bowen Coking Coal at the end of December last year announced a binding sale and purchase agreement with fellow-listed coal miner New Hope... 

Core tracking on target at Finniss

By: Esmarie Iannucci     21st June 2022 Barring bad weather or Covid-19 related delays, the Finniss lithium project, in the Northern Territory, was on track to ship its first spodumene concentrate by the end of the year. ASX-listed Core Lithium on Tuesday reported that mining activities have accelerated with the arrival of the dry... 

Guinea gives Simandou iron ore mine developers 14-day deadline

By: Reuters     20th June 2022 Partners in Guinea's Simandou iron ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto and Chinese-backed Winning Consortium Simandou (WCS) on Friday. Guinea has grown increasingly impatient with the companies that... 

Rafaella's Spanish openpit proves up

By: Esmarie Iannucci     20th June 2022 An advanced prefeasibility study (PFS) into an openpit operation at the Santa Comba tungsten and tin project, in Spain, has shown that the project was economically robust and could complement the permitted underground mine. ASX-listed Rafaella Resources noted that the openpit PFS estimated that... 

Iron-ore sinks and steel mills go dark on deepening China gloom

By: Bloomberg     20th June 2022 Iron-ore plunged more than 7% in Singapore -- giving up all its gains this year -- as steel mills idled blast furnaces amid growing pessimism over the demand outlook in China. The steel-making ingredient has now lost around a fifth of its value in a run of declines that’s extended to an eighth... 

Iron-ore sinks and steel mills go dark on deepening China gloom

Changes afoot as Lake moves to cement North American position

By: Esmarie Iannucci     20th June 2022 ASX-listed Lake Resources has appointed chairperson Stu Crow as executive chairperson to oversee the company’s transition to serve North American and Asian supply chains, with MD Steve Promnitz to step aside. “Lake’s aspirational target is to reach capacity of 100 000 t/y by 2030 which will... 

Horizon divests of another non-asset

By: Esmarie Iannucci     20th June 2022 Gold developer Horizon Minerals has reached an agreement with FMR Investments to divest of its Gunga West gold project, in Western Australia. Gunga West was acquired in 2019 as part of a larger asset swap with gold miner Northern Star Resources, and included the Rose Hill, Brilliant North and... 

Hawsons looks at port development at Myponie Point

By: Esmarie Iannucci     20th June 2022 Junior Hawsons Iron has flagged a potential port developing at Myponie Point, in South Australia. The ASX-listed company has signed a two-year option agreement to purchase three contiguous parcels of land suitable for developing an export facility for the Hawsons iron project. 

Building Forever has become core business at De Beers, it's in the business plan  

By: Martin Creamer     20th June 2022 It is a full year since the De Beers Group set itself a dozen far-reaching 2030 ‘Building Forever’ sustainability goals, which have as their four focus areas leading ethical practices, protecting the natural world, partnering for thriving communities and accelerating equal opportunity. In... 

Picture provided.
De Beers Group CEO Bruce Cleaver interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Evolution awards FEED contract in Tanzania

By: Esmarie Iannucci     20th June 2022 Graphite developer Evolution Energy Minerals has awarded the front-end engineering design (FEED) contract for its Chilalo graphite project, in Tanzania, to CPC Engineering. “The commencement of the FEED study is a significant milestone towards the realisation of the Chilalo graphite project. We... 

Arizona Lithium to establish research center for Big Sandy

By: Esmarie Iannucci     20th June 2022 ASX-listed Arizona Lithium has inked a five-year lease to establish a lithium research center in Arizona. The research center will focus on technological advancements in lithium processing and aims to advance the battery materials industry in Arizona, with construction expected to be completed... 

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