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Australasia

Record sales for Regis
24th August 2023 By: Esmarie Iannucci

Despite a record year of sales, gold miner Regis Resources has reported a statutory net loss of A$24-million for the 2023 financial year, compared with a profit of A$14-million in the previous... 


Coolgardie pours first gold
24th August 2023 By: Esmarie Iannucci

ASX-listed Focus Minerals has poured its first gold at its restarted Coolgardie gold operations, in Western Australia. The junior resumed openpit mining earlier this year, and is progressing the... 


St Barbara widens loss
24th August 2023 By: Esmarie Iannucci

Gold miner St Barbara widened its loss from A$160.8-million to A$429.1-million during the 2023 financial year. The miner said that the loss included a non-cash after tax impairment of... 


Image shows the Wheatstone LNG operation
Woodside avoids strike, but Chevron remains in the crosshair
24th August 2023 By: Esmarie Iannucci

Oil and gas major Woodside has avoided industrial action at its North West Shelf operations, offshore Western Australia, reaching an agreement with the Offshore Alliance employee representatives.... 


Rio strikes new fiscal agreement for Madagascar ilmenite JV
Rio strikes new fiscal agreement for Madagascar ilmenite JV
24th August 2023

Major Rio Tinto has reached an agreement with the government of Madagascar on the future fiscal arrangements for the QIT Madagascar Minerals (QMM) joint venture, and renewed their long-term... 


Whitehaven profits soar as prices recover
24th August 2023 By: Esmarie Iannucci

Despite a fall in production, coal miner Whitehaven Coal has reported a solid 2023 financial year, with revenues and profits increasing. The ASX-listed company has reported a 23% increase in... 


Image shows the Kalgoorlie Super Pit
Northern Star hits sales targets
24th August 2023 By: Esmarie Iannucci

PERTH (miningweekly.com) – Gold miner Northern Star Resources reached its production targets in the full year ended June, with the miner selling 1.56-million ounces of gold at an all-in sustaining... 


Image shows South32 CEO Graham Kerr
South32 swings to a loss
24th August 2023 By: Esmarie Iannucci

Diversified miner South32 has reported a 20% drop in revenue for the full year ended June, with the company swinging to a loss of $173-million following a non-cash impairment of $1.3-billion in... 


DRDGold, headed by CEO Niël Pretorius.
It’s responsible to invest in South Africa, says DRDGold as it approves R3.5bn capex
23rd August 2023 By: Martin Creamer

The decision of DRDGold to expend capital of R3.5-billion this financial year is based on the cash-flush Johannesburg- and New York-listed gold-from-dumps mining company firmly concluding that it... 


Rox raises cash for Youanmi work
23rd August 2023 By: Esmarie Iannucci

Junior Rox Resources will raise A$7-million to fund exploration at its Youanmi gold project, in Western Australia. The company on Wednesday said it had received binding commitments for the... 


Perseus adds ounces to Yaouré
23rd August 2023 By: Esmarie Iannucci

Gold miner Perseus Mining has announced an increase in the underground ore reserve of the CMA deposit, at its Yaouré gold mine, in Côte d’Ivoire, of some 300 000 oz. The ASX- and TSX-listed... 


Gold pour at DRDGold's Ergo opertion.
Debt-free DRDGold declares 16th consecutive dividend, looks to 60 MW of solar power
23rd August 2023 By: Martin Creamer

Debt-free, cash-rich gold-from-waste mining company DRDGold has declared its sixteenth consecutive dividend as it guides higher production, prioritises the ensuring of sufficient tailings storage... 


Gold bars produced by Rand Refinery
Investors say they’ll stick with gold as Fed cycle heads for end
23rd August 2023 By: Bloomberg

Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming twelve months.... 


Image shows a Santos operation
Santos profits fall in H1
23rd August 2023 By: Esmarie Iannucci

Oil and gas major Santos has reported a fall in production, revenue and underlying profits for the half-year ended June. Production for the six months under review was down 13% on the previous... 


Image shows an Iluka operation
Iluka pauses synthetic rutile production after tough half
23rd August 2023 By: Esmarie Iannucci

Mineral sands miner Iluka has closed a tough first half, with revenues and profits falling on the back of subdued demand. The ASX-listed company on Wednesday reported that mineral sands revenue... 


UK offers critical minerals opportunities for Aus
23rd August 2023 By: Esmarie Iannucci

Changes in Britain’s automotive industry were likely to spur new resource partnerships in Australia, Resources Minister Madeleine King said this week. Speaking at the Australian-British Chamber... 


Image shows a handshake
APA takes stake in resource sector with Alinta buy
23rd August 2023 By: Esmarie Iannucci

Energy infrastructure group APA Group has struck a A$1.72-billion acquisition agreement with energy provider Alinta Energy over its Pilbara assets, saying the resources sector had been identified... 


BHP on the hunt for new exploration opportunities
23rd August 2023 By: Esmarie Iannucci

Diversified miner BHP has launched the second round of its BHP Xplor initiative, a six-month cohort-based accelerator program in the pursuit of unlocking critical minerals. After successfully... 


Image shows an aerial view of Wheatstone
Chevron ups output at Wheatstone
23rd August 2023 By: Esmarie Iannucci

US energy major Chevron on Wednesday revealed that the official nameplate capacity of the Wheatstone project’s domestic gas plant would increase by 5% from 205 TJ/d to 215 TJ/d, following technical... 


Call opens for public opinion on new Fortescue mine
23rd August 2023 By: Esmarie Iannucci

Iron-ore major Fortescue’s plans for a new mine near Newman, in Western Australia, has been opened for public comment. The Nyidinghu mine would mine up to 65-million tonnes a year of ore and... 


Azure Minerals is among Australia's emerging lithium stars. The company, which owns the Andover project (pictured), recently rejected a takeover offer from SQM.
Lithium craze sparks 1 100% stock gains as well as deep losses
23rd August 2023 By: Bloomberg

Investors who bought Australian lithium stocks at the start of the year could have doubled their money or lost more than half of it — reflecting the extreme volatility of companies mining one of... 


First production from Jansen Phase 2 still in 2029, says Henry
First production from Jansen Phase 2 still in 2029, says Henry
22nd August 2023 By: Mariaan Webb

The projected timeline for first production under an accelerated Phase 2 expansion scenario of the Jansen potash mine, in Canada, remains 2029, BHP CEO Mike Henry said on Tuesday, addressing the... 


A Thungela coal mine.
Coal miner opening nursery to support million trees, hatchery to restore killed fish
22nd August 2023 By: Martin Creamer

Thermal coal mining company Thungela will next month open a nursery to support the planting of a million trees and has already commissioned a hatchery to breed fish for reintroduction into the... 


An image of McConnell Dowell work
Aveng swings to a loss in ‘transitional’ year
22nd August 2023 By: Tasneem Bulbulia

Construction and engineering group Aveng has described the financial year ended June 30 as one of transition, characterised by a normalisation of operating activities as the group emerged from the... 


Thungela CEO July Ndlovu.
Best-of-breed rail model needed for critical national infrastructure, says Thungela
22nd August 2023 By: Martin Creamer

Once short-term and medium-term rail restoration has been achieved, a best-of-breed approach should be adopted to put South Africa on a competitive logistics path, says thermal coal exporter... 


The Brucejack mine in Canada
Australia’s Competition Commission clears Newmont’s Newcrest buy
22nd August 2023 By: Creamer Media Reporter

The Australian Competition and Consumer Commission (ACCC) has cleared Newmont to proceed with its proposed acquisition of Newcrest Mining. The ACCC is expected to convey its clearance of the... 


Investors run to Azure offer
22nd August 2023 By: Esmarie Iannucci

ASX-listed Azure Minerals has received firm commitments for its A$120-million two-tranche placement. The company this week unveiled a A$130-million capital raise initiative to fund exploration... 


LNG production infrastructure
Kinetiko strikes LNG deal with the IDC
22nd August 2023 By: Esmarie Iannucci

The share price of ASX-listed Kinetiko Energy surged by nearly 40% on Tuesday on the signing of a non-binding term sheet with the Industrial Development Corporation of South Africa (IDC) to jointly... 


QPM sets A$24m raising target
22nd August 2023 By: Esmarie Iannucci

ASX-listed Queensland Pacific Metals (QPM) has flagged a A$24-million capital raise to enable gas production growth at its Moranbah project and to fund ongoing technical workstreams to secure debt... 


RareX redefines Cummins Range plans
22nd August 2023 By: Esmarie Iannucci

An enhanced scoping study for the Cummins Range rare earths project, in Western Australia, has identified a direct shipping ore (DSO) phosphate project as a potential Stage 1 operation.... 


Nyrstar calls for zinc inclusion on critical minerals list
22nd August 2023 By: Esmarie Iannucci

International critical minerals company Nyrstar has called on the federal government to include zinc to its critical minerals list, and to better align the country’s strategic approach to critical... 


Sandfire gets approval for Motheo expansion
22nd August 2023 By: Esmarie Iannucci

Copper miner Sandfire Resources has secured a mining license extension at its Motheo copper mine, in Botswana. The miner recently officially opened the Motheo copper mine and is working to ramp-up... 


Revenue and profits soar at Allkem
Revenue and profits soar at Allkem
22nd August 2023 By: Esmarie Iannucci

ASX- and TSX-listed lithium miner Allkem has reported record revenue and net profit after tax for the full year ended June. The company on Tuesday reported yearly group revenue of $1.2-billion for... 


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