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Australasia

AustralianSuper snaps up additional stakes in Pilbara Minerals, Endeavour Group
9th January 2024 By: Reuters

Pension fund AustralianSuper has raised its stake in lithium miner Pilbara Minerals and alcohol retailer Endeavour Group, two separate exchange filings showed on Tuesday. The stake increase makes... 


Administrators suspend Savannah nickel operations, 140 redundancies
Administrators suspend Savannah nickel operations, 140 redundancies
9th January 2024 By: Mariaan Webb

The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia, affecting 140 workers who will be made redundant over the... 


Alcoa to mothball Western Australia alumina refinery, up to 1 050 staff at risk
Alcoa to mothball Western Australia alumina refinery, up to 1 050 staff at risk
9th January 2024 By: Reuters

US aluminum producer Alcoa said on Tuesday it planned to stop production in 2024 at its loss-making Kwinana Alumina Refinery in Western Australia because of challenging market conditions and the... 


Bauxite miner Metro meets guidance despite weather setbacks
8th January 2024 By: Creamer Media Reporter

Bauxite miner Metro Mining has met its market guidance for 2023 with 4.57-million wet metric tonnes (WMT) of high-grade bauxite mined and shipped to customers in the year, despite weather-related... 


Labyrinth sells Canada assets
8th January 2024 By: Creamer Media Reporter

ASX-listed Labyrinth Resources has announced the sale of its Canadian assets as its focus switches to exploration and resource extension at its Comet Vale tenement package in Western Australia.... 


Strong ASX reception for new lithium explorer Kali Metals
Strong ASX reception for new lithium explorer Kali Metals
8th January 2024 By: Creamer Media Reporter

Lithium exploration company Kali Metals listed on the ASX on Monday and recorded a strong opening day, trading A$7.5-million and closing at A$0.435 a share – an increase of 75% from its initial... 


A palladium bar
Palladium falls as concern EVs will destroy demand returns to the fore
7th January 2024 By: Reuters

Palladium prices fell by 3% on Thursday as concern the take-up of electric vehicles will destroy long-term demand unravelled some of the December gains that followed Britain's expansion of... 


Wishbone to acquire Crescent East tenements following due diligence
20th December 2023 By: Creamer Media Reporter

Aim- and AQSE-listed Wishbone Gold has completed its due diligence on the Crescent East lithium and gold project, in the Mosquito Creek Basin area, in Western Australia, with its geologists... 


Giyani Metals CEO Danny Keating.
IDC-funded Canada-Botswana battery manganese demo plant to be built in Joburg
20th December 2023 By: Martin Creamer

Giyani Metals is a company listed on the TSX Venture Exchange in Toronto, Canada. Through its wholly-owned Botswana subsidiary Menzi Battery Metals, Giyani is the owner of the past producing K.Hill... 


Mined lithium ore
Australia wants to compete with China on critical minerals, minister King says
20th December 2023 By: Bloomberg

Australia wants to compete with China in producing and refining resources vital to the next phase of high-tech manufacturing around the world, according to Minister Madeleine King, backing the... 


De Beers CEO Al Cook
De Beers' sales increase to $130m in final 2023 cycle
20th December 2023 By: Creamer Media Reporter

Diamond miner De Beers' final sales cycle of this year has generated $130-million, an improvement on the $86-million in sales recorded in the ninth sales cycle of this year. Sales were, however,... 


Peabody renames North Goonyella mine as Centurion
19th December 2023 By: Creamer Media Reporter

NYSE-listed Peabody has renamed its North Goonyella mine, in Queensland, Australia, to the Centurion mine. In October, the company reached an agreement to acquire a large portion of the Wards Well... 


Allkem's James Bay project area in Quebec
Allkem shareholders approve $10.6bn Livent lithium merger
19th December 2023 By: Reuters

Investors in Australian lithium producer Allkem voted on Tuesday to accept a $10.6-billion merger offer from US giant Livent that would create one of the world's biggest lithium companies. Allkem... 


Guyana, where AngloGold intends joining gold search.
AngloGold taking steps to join gold search in South America’s Guyana
19th December 2023 By: Martin Creamer

Gold mining company AngloGold Ashanti is taking steps to become part of a search for gold in Guyana, a country on South America’s North Atlantic coast. The New York- and Johannesburg-listed... 


Larvotto completes acquisition of Hillgrove project
19th December 2023 By: Creamer Media Reporter

ASX-listed Larvotto Resources has completed the acquisition of the high-grade gold/antimony Hillgrove project, in New South Wales, for $8-million. The strategic acquisition of Hillgrove has... 


CCS essential to achieve Queensland’s new climate goals, says Glencore
19th December 2023 By: Creamer Media Reporter

Diversified natural resources group Glencore says carbon capture and storage (CCS) should be part of a suite of low-emissions technologies Queensland should deploy if it is to achieve its emissions... 


An office with Woodside's logo
Woodside signs MoU with Japanese firms to collaborate on carbon capture studies
19th December 2023 By: Creamer Media Reporter

Australia-headquartered Woodside Energy has signed a nonbinding memorandum of understanding (MoU) with four Japanese companies to enable studies of a potential carbon capture and storage (CCS)... 


Rio Tinto's iron-ore operations in WA
WA resources sector drives record budget surplus despite green tape, says CME
19th December 2023 By: Creamer Media Reporter

The Chamber of Minerals and Energy (CME) of Western Australia (WA) says the release of the WA government’s mid-year budget review is further confirmation that the state's resources sector is the... 


Power pricing predictabilty reached for Rustenburg ferrochrome smelter.
Power pricing predictability reached for Glencore-Merafe ferrochrome smelter
19th December 2023 By: Martin Creamer

The application of State electricity utility Eskom for a six-year negotiated pricing agreement for the Glencore-Merafe ferrochrome smelter operation in Rustenburg, in the North West Province, has... 


Singapore's Atomionics taps gravity, AI in hunt for critical minerals
19th December 2023 By: Reuters

Singapore-based start-up Atomionics has rolled out its technology that uses gravity and artificial intelligence to define ore bodies to its first customer, which the company says could cut costs... 


A coal mine in Australia
Australia adviser urges improved reporting of methane emissions
19th December 2023 By: Bloomberg

Australia needs to improve the accuracy of fossil fuel producers’ reporting on greenhouse-gas emissions, especially on methane releases from opencut coal mines, a review of the nation’s climate... 


Lithium ore stockpiles
Lithium ends dire year with cautious mood during contract season
18th December 2023 By: Bloomberg

Lithium buyers are sounding cautious on the key battery metal’s prospects for next year, even after a huge plunge in prices. Producers have recently been in talks with clients — mostly in Asia — to... 


EnviroCopper to buy Alford West tenements
18th December 2023 By: Creamer Media Reporter

Australian copper development company EnviroCopper, in which Aim- and ASX-listed Thor Energy holds a 30% stake, has entered into an agreement with Andromeda Metals to acquire the latter's stake in... 


David Davis
Davis expects platinum price to be ignited in next few months
18th December 2023 By: Martin Creamer

Overwhelming demand and declining South African mining supply are poised to result in a very substantial rise in the price of platinum, Dr David Davis forecasts. Davis has been associated with the... 


Coal stockpiles
Coal’s peak is here, but demise of dirtiest fuel will be slow
18th December 2023 By: Bloomberg

Global efforts to boost clean energy and rein in carbon emissions have had a clear impact on coal: consumption of the dirtiest fossil fuel is expected to peak this year. Total consumption of coal... 


Ivanhoe Mines co-chairperson Robert Friedland
Friedland says $15 000/t copper needed to spur new mines
17th December 2023 By: Bloomberg

Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland. The mining... 


Minister for Resources Madeleine King
Australia expands list of critical minerals key to transition
17th December 2023 By: Bloomberg

Australia expanded its list of critical minerals deemed crucial to its energy transition and national security needs as the country boosts the strategically and economically important sector. The... 


ITOCHU Africa Bloc CEO Shinya Ishizuka, third from left, with Eastern Cape people at the signing of a memorandum of co-operation with Hive Hydrogen South Africa.
Huge uplift for Eastern Cape on way from South Africa’s R105bn green ammonia project
14th December 2023 By: Martin Creamer

The building of the R105-billion green ammonia project by Hive Hydrogen South Africa is poised to be a huge economic uplift for the Eastern Cape. The large project is the first phase of a... 


Arafura upsizes placement to A$25m
14th December 2023 By: Creamer Media Reporter

ASX-listed Arafura Rare Earths, which is advancing the Nolans neodymium-praseodymium project in the Northern Territory, has upsized its placement from A$20-million to A$25-million, owing to strong... 


Sierra Rutile lowers FY guidance, says demand remains soft
14th December 2023 By: Creamer Media Reporter

ASX-listed Sierra Rutile on Thursday lowered its guidance for 2023 to between 111 000 t and 113 000 t, from the previous guidance of 115 000 to 120 000 t. The fourth quarter production will be... 


Additional critical minerals stream doubles Toliara NPV
Additional critical minerals stream doubles Toliara NPV
14th December 2023 By: Mariaan Webb

Mineral sands producer Base Resources is setting up its Toliara project, in Madagascar, as potentially one of the biggest and most cost-competitive sources of rare earth oxides globally by... 


Kin Mining sells gold deposits to Genesis
14th December 2023 By: Mariaan Webb

Western Australia-based Kin Mining will sell tenements hosting 610 000 oz that form part of the Cardinia gold project to midtier gold producer Genesis Minerals for A$53.5-million in cash and... 


Equinox makes rare earths expansion in Brazil
14th December 2023 By: Creamer Media Reporter

Australia-listed Equinox Resources has moved to expand its rare earths exploration footprint in Brazil by applying for a new package of prospective rare earth clay tenements. This involves... 


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