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Australasia News

Core Lithium nears official signing of second offtake agreement

By: Marleny Arnoldi     22nd May 2020 ASX-listed Core Lithium has signed a nonbinding agreement to supply its first European offtake partner, Transamine Trading. The term sheet of the agreement paves the way for a binding agreement later this year, which will see Core supplying 50 000 t/y of lithium concentrate for five years to... 

TNT acquires uranium, vanadium claims in Utah

By: Marleny Arnoldi     22nd May 2020 ASX-listed TNT Mines has entered into a binding share sale agreement to acquire Vanacorp Aust and its wholly-owned US subsidiary, Vanacorp USA. Vanacorp USA owns 200 unpatented lode claims that are prospective for uranium and vanadium, together called the East Canyon project, which is located... 

Coal market faces fresh speculation China shunning Australia

By: Bloomberg     22nd May 2020 A coal market only just rebounding from the lowest price in four years might now need to grapple with the prospect of China renewing its restrictions on Australian supplies. Two influential coal industry publications within China have raised the specter of the country tightening imports from... 

Coal market faces fresh speculation China shunning Australia

Iron-ore ends higher as coronavirus crisis hampers Brazil supply

By: Reuters     21st May 2020 Dalian iron-ore futures surged past $100/t on Thursday, recovering lost ground as concerns about tightening supply of the steelmaking commodity from coronavirus-hit Brazil prevailed over a bleak outlook for global steel demand. After Brazilian iron-ore miner Vale cut its 2020 production outlook... 

WA announces winners of most recent round of exploration funding

By: Esmarie Iannucci     21st May 2020 The Western Australian government has announced the recipients of Round 21 of the state government’s Exploration Incentive Scheme's (EIS) co-funded exploration drilling program. have been announced. The Department of Mines, Industry Regulation and Safety received 61 applications, with 45... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM 

By: Martin Creamer     21st May 2020 The mining industry has started to become a significant corporate buyer of renewable energy in regions where these technologies have become reliable and cost-competitive compared with fossil fuel-based electricity, says the International Council on Mining and Metals (ICMM). These regions include... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM
Wind turbines at Gold Fields’ Agnew gold mine in Western Australia.

EcoGraf launches capital raise

By: Esmarie Iannucci     21st May 2020 ASX-listed EcoGraf will raise A$1.6-million through a share placement priced at 6.5c a share. The company on Thursday said that it had received firm commitments from sophisticated and professional investors for the placement of 24.6-million shares, which will be conducted under the company’s... 

Strike enters into infrastructure deal for West Erregulla

By: Esmarie Iannucci     21st May 2020 ASX-listed Strike Energy has partnered with gas infrastructure provider Australian Gas Infrastructure Group (AGIG) to build, own and operate a 50 TJ/d gas plant for Strike’s Phase 1 West Erregulla development, in Western in Western Australia. Strike on Thursday said that the project would... 

Melkior and Kirkland Lake the ‘perfect fit’

By: Creamer Media Reporter      21st May 2020 Timmins-focused Melkior Resources on Wednesday unveiled an equity investment and potential joint-venture (JV) agreement with gold miner Kirkland Lake Gold, which the junior’s CEO sees as the “perfect fit”. Melkior will raise C$1-million by way of a nonbrokered private placement to Kirkland of up... 

Melkior and Kirkland Lake the ‘perfect fit’

Golden State raises exploration funds

By: Esmarie Iannucci     21st May 2020 Junior Golden State Mining is looking to raise A$2.2-million through a share placement to sophisticated and professional investors to fund a maiden gold drilling programme at its Yule project, in Western Australia. The share placement will comprise up to 17.6-million fully paid ordinary shares... 

Volt hoping for major stake in Zambian gold project

By: Esmarie Iannucci     21st May 2020 Junior Volt Resources has inked a binding term sheet to acquire an 85% interest in the Luiri Hill gold project, in Zambia. Volt told shareholders on Thursday that the acquisition of the majority stake in the Luiri Hill project continues the company’s progression in establishing a new gold... 

Nickel Mines raises first A$179m

By: Esmarie Iannucci     21st May 2020 ASX-listed Nickel Mines has completed the institutional component of its entitlement offer, raising an initial A$179-million. The company earlier this week flagged a A$231-million equity raise to fund the purchase of an additional 20% interest in the Hengjaya and Ranger Nickel rotary kiln... 

Queensland to probe over 40 coal mine methane explosions

By: Esmarie Iannucci     21st May 2020 The Queensland government has announced a mine safety board of inquiry to investigate more than 40 methane gas incidents in Queensland’s underground coal mines since mid-2019. The inquiry follows the underground gas explosion at major Anglo American’s Grosvenor coal mine near Moranbah, which put... 

Queensland to probe over 40 coal mine methane explosions
Anglo American's Grosvenor coal mine, near Moranbah.

Miners welcome low emissions technology paper

By: Esmarie Iannucci     21st May 2020 The federal government on Thursday released the Technology Investment Roadmap discussion paper, which is aimed at bringing a strategic and system-wide view to future investments in low emissions technologies. Minister for Energy and Emissions Reduction Angus Taylor said that investment in low... 

Miners welcome low emissions technology paper

China's mine development in sub-Saharan Africa likely to slow

By: Simone Liedtke     20th May 2020 The development of mines in sub-Saharan Africa by Chinese firms will slow in the coming quarters, before picking up again in 2021, says industry research company Fitch Solutions. In addition to logistical challenges being faced by miners as a result of the global Covid-19 pandemic, the company... 

Odey says governments may make private gold ownership illegal

By: Bloomberg     20th May 2020 Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis. “It is no surprise that people are buying gold. But the authorities may attempt at some point to... 

Rio Tinto to start drilling for copper in northern Saskatchewan

By: Marleny Arnoldi     20th May 2020 TSX-V-listed Forum Energy Metals has announced the 2020/21 exploration plans on its Janice Lake sedimentary copper/silver project, in northern Saskatchewan, Canada. Forum’s joint venture (JV) partner, Rio Tinto Exploration Canada, has submitted a permit application for the new 2 000 m diamond... 

Pandemic disrupts jewellery business, but recovery on the cards

By: Simone Liedtke     20th May 2020 The drivers for platinum jewellery business growth in 2019 point the way to a post-Covid-19 recovery, the Platinum Guild International’s (PGI’s) 2020 'Platinum Jewellery Business Review (PJBR)' has found. The  PJBR surveys more than 1 000 manufacturers and retailers and more than 4 000 consumers,... 

Covid prevention a must at mines – gazette 

By: Martin Creamer     20th May 2020 Covid-19 prevention, mitigation and management programmes must be established at mines using the guideline gazetted by Chief Inspector of Mines David Msiza on Tuesday. The gazette notice states that this guideline provides minimum requirements for the compilation of a code of practice to prevent... 

Covid prevention a must at mines – gazette
Photo by Creamer Media
Chief Inspector of Mines David Msiza

ioneer moves forward with Rhyolite Ridge

By: Esmarie Iannucci     20th May 2020 Lithium developer ioneer has submitted an application for a class 2 air quality permit for its Rhyolite Ridge lithium/boron project, in Nevada. The ASX-listed company on Wednesday said that the project would operate under the jurisdiction of the Nevada division of Environmental Protection, the... 

Technology Metals flags possible JV at Gabanintha

By: Esmarie Iannucci     20th May 2020 ASX-listed Technology Metals has inked a memorandum of understanding (MoU) with China’s Big Pawer Electrical Technology Xiangyang Inc over a possible joint venture (JV) to produce vanadium electrolyte and vanadium redox flow battery (VRFB) manufacturing in Australia. The MoU establishes a... 

PanTerra unveils Cuban plans

By: Esmarie Iannucci     20th May 2020 The Cuban government has approved a joint venture (JV) between state mining company Geo Minera SA and ASX-listed PanTerra Gold Investments, which will allow for the development of the La Demajagua gold/silver deposit. PanTerra on Wednesday told shareholders that subject to successful... 

Qld Parliament passes mining manslaughter laws

By: Esmarie Iannucci     20th May 2020 The Queensland Parliament has passed mine safety legislation that would see mining executives facing up to 20 years’ jail if fatalities occurred because of criminal negligence. Mines Minister Dr Anthony Lynham said establishing industrial manslaughter as an offence in mines and quarries was... 

Newcrest's Cadia water woes alleviated

By: Esmarie Iannucci     20th May 2020 Gold miner Newcrest Mining on Wednesday assured shareholders that its Cadia operation, in New South Wales, would have sufficient water to ensure that production was not constrained by a water shortage, for at least the next two years. Previous internal modeling had indicated that if rainfall had... 

Australian Vanadium secures water in WA

By: Esmarie Iannucci     20th May 2020 ASX-listed Australian Vanadium has inked a cooperation and assistance agreement with gold miner Westgold Resources providing water for the Australian Vanadium project, in Western Australia. Westgold’s Meekatharra gold operations, which is near the Australian Vanadium project, comprises several... 

Rio starts exploration in Utah

By: Esmarie Iannucci     20th May 2020 Mining major Rio Tinto’s subsidiary Kennecott is poised to start exploration work at ASX-listed Alderan Resources’ Frisco copper/gold/silver project, in Utah. Kennecott will spend an initial $6-million on exploration at the project area to gain a 55% interest in the project, with the company... 

Dubbo demerger forges ahead

By: Esmarie Iannucci     20th May 2020 The share price of ASX-listed Alkane Resources rose by nearly 11% on Wednesday as plans to progress the demerger of its subsidiary Australian Strategic Materials (ASM) progressed. Alkane on Wednesday said that the company’s board has resolved to progress the demerger of ASM, which holds the... 

Dubbo demerger forges ahead

Mining companies rush to shield indigenous communities from coronavirus 

By: Reuters     20th May 2020 Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a public health crisis that could damage their reputations. From Australia's outback to Canada's Arctic wilderness to the Andes, mining firms... 

Mining companies rush to shield indigenous communities from coronavirus

Newmont issues new 2020 guidance, lowers capex

By: Mariaan Webb     19th May 2020 US-based gold major Newmont has issued a new production guidance for 2020, as it began ramping up operations at four sites that were previously placed in care-and-maintenance. CEO Tom Palmer reported in a media statement on May 19 that 13 sites of Newmont's14 operating mines and joint ventures... 

Newmont issues new 2020 guidance, lowers capex
The Musselwhite mine , in Canada, is the only Newmont operation that remains on care-and-maintenance.

Giyani to raise funds

By: Tasneem Bulbulia     19th May 2020 TSX-listed Giyani Metals is undertaking a nonbrokered private placement of units to raise up to $1.2-million in immediately available new funding. Moreover, certain of the shares for debt transactions originally announced on May 6 have been approved by the TSX Venture Exchange and have now closed. 

Mandatory code of Covid mining practice gazetted 

By: Martin Creamer     19th May 2020 South Africa's guidelines for a mandatory Code of Practice (COP) to mitigate and manage the Covid-19 pandemic in the mining industry have been gazetted. Failure by employers to prepare and implement a mine's COP in line with the guidelines would constitute a criminal offence and a breach of the... 

Mandatory code of Covid mining practice gazetted
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Australia commits A$2bn to climate change battle

By: Esmarie Iannucci     19th May 2020 The Australian resources and oil and gas sectors have welcomed the recommendations made in the King Review as well as the government’s commitment to a A$2-billion Climate Solutions Fund. The King Review which was commissioned in October of last year to identify new opportunities to unlock low... 

Byron Energy raises cash

By: Esmarie Iannucci     19th May 2020 Oil and natural gas explorer Byron Energy has raised A$16-million through a share placement, with the company hoping to raise a further A$4-million through a share purchase plan (SPP). Byron will place around 123.1-million shares, at a price of 13c each, in two tranches. 

Azure to restart Mexican exploration

By: Esmarie Iannucci     19th May 2020 ASX-listed Azure Minerals will resume silver and gold exploration in Mexico from June, after the Mexican government tapped the mining and exploration industry as an ‘essential service’ amid the Covid-19 pandemic. Azure on Tuesday said the resumption of activities was conditional upon the... 

Maiden resource at Tormin's Northern Beaches

By: Esmarie Iannucci     19th May 2020 A maiden Joint Ore Reserves Committee compliant resource of 2.5-million tonnes, at 23.5% total heavy minerals has been declared at the Northern Beaches of the Tormin mineral sands operation, in South Africa. “This represents yet another important milestone for our company. The delivery of a... 

Papua New Guinea court to rule on Barrick mine challenge in June

By: Reuters     19th May 2020 A Papua New Guinea court is set to rule next month on whether Barrick Gold can proceed with a legal challenge over the government's refusal to extend its lease on the Porgera gold mine, the head of the country's mining regulator said. Papua New Guinea (PNG) said last month it would take control... 

Papua New Guinea court to rule on Barrick mine challenge in June

Butcherbird tapped for 2021 start

By: Esmarie Iannucci     19th May 2020 A prefeasibility study (PFS) into the Butcherbird manganese project, in Western Australia, has identified a start-up manganese concentrate export scenario as part of a staged development strategy. ASX-listed Element 25 on Tuesday said that the base case assumed an annual production of 312 000... 

Nickel Mines in A$231m equity deal

By: Esmarie Iannucci     19th May 2020 ASX-listed Nickel Mines has launched a A$231-million equity raise to fund the purchase of additional interest in the Hengjaya and Ranger Nickel rotary kiln electric furnace (RKEF) plants, in Indonesia. Nickel Mines on Tuesday revealed that it had struck an agreement with project partner... 

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