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Australasia News

First coal from Poplar Grove shipped

By: Esmarie Iannucci     29th April 2019 Coal miner Paringa Resources has shipped its first 1 500 t of washed coal from its Poplar Grove operation, in Western Kentucky. The maiden shipment was loaded into barges on the Green River, bound for cornerstone customer Louisville Gas and Electric Company and Kentucky Utilities Company. 

Troy keeps digging

By: Esmarie Iannucci     29th April 2019 Gold miner Troy Resources has reported another solid quarter in the three months to March, producing 13 333 oz, compared with the 14 227 oz produced in the previous quarter. Gold sales for the same period declined from 17 712 oz to 14 124 oz, with cash costs declining from $891/oz to $822/oz.... 

Political promises start ahead of election

By: Esmarie Iannucci     29th April 2019 The Australian resources sector has welcomed promises by the Federal Opposition to invest A$75-million into Geoscience Australia’s Exploring the Future initiative. Ahead of the federal election on May 18, Opposition leader Bill Shorten has vowed to invest A$75-million into exploration, saying... 

NSW backs A$250m Port Kembla LNG project

By: Esmarie Iannucci     29th April 2019 The New South Wales government has backed plans for the development of the A$250-million Port Kembla gas terminal being developed by the Australian Industrial Energy (AIE) consortium. The proposed terminal will have the ability to supply more than 100 PJ/y of liquefied natural gas (LNG),... 

NSW backs A$250m Port Kembla LNG project

EPA approves Eliwana rail

By: Esmarie Iannucci     29th April 2019 The Western Australian Environmental Protection Authority (EPA) has approved the construction of a 120 km dedicated railway line for iron-ore miner Fortescue’s $1.27-billion Eliwana mine. The EPA on Monday said that the approval for the Eliwana railway project followed on from extensive... 

Perseus gains final permit for new Côte d’Ivoire gold mine

By: Esmarie Iannucci     26th April 2019 Gold miner Perseus Mining has been awarded an exploitation permit for its Yaouré gold mine, in Côte d’Ivoire. The exploitation permit is the final permit required to start development of the Yaouré gold mine, and followed the inking of a $150-million debt finance facility to develop the project. 

Federal nod for Yeelirrie, but development depends on market – Cameco

By: Esmarie Iannucci     26th April 2019 The federal government has given environmental approval for the development of the Yeelirrie uranium project, in Western Australia. The federal approval followed state government approval in January 2017. 

Federal nod for Yeelirrie, but development depends on market – Cameco

Paringa secures A$56m debt facility

By: Esmarie Iannucci     26th April 2019 Coal miner Paringa Resources has agreed to a $56-million debt facility with Tribeca Global Resources Credit to refinance its existing debt, fund the accelerated expansion of the Poplar Grove operation, and for general working capital. The ASX-listed company on Friday said that the first... 

Crusader weighs name change as Borborema advances

By: Esmarie Iannucci     26th April 2019 Junior Crusader Resources will be renamed Big River Gold on its relisting to the ASX. The company on Friday said that the name change recognised and reflected the Brazilian state of Rio Grande do Norto, in which its Borborema gold project is located. 

Bardoc's raising well supported

By: Esmarie Iannucci     26th April 2019 ASX-listed Bardoc Gold has completed a A$12-million capital raise through a rights issue and share placement, well above the targeted A$11.3-million. The company placed some 175-million shares, at a price of 4c each, to raise an initial A$7-million, and undertook a one-for-ten non-renounceable... 

WDC’s revised system of warranties now requires self assessment

By: Marleny Arnoldi     25th April 2019 The World Diamond Council (WDC) on Wednesday presented an overview of its revised System of Warranties (SoW) at the thirteenth Forum on Responsible Mineral Supply Chains of the Organization for Economic Cooperation and Development (OECD), in Paris. During the presentation, WDC president... 

Two Newmont development projects nearing completion

By: Mariaan Webb     25th April 2019 The two gold development projects that US-based miner Newmont Goldcorp has earmarked up to $150-million for this year, are nearing completion and will reach commercial production before the end of 2019. The Ahafo mill expansion, in Ghana, and the Quecher Main project, in Peru, will both achieve... 

Two Newmont development projects nearing completion
Newmont's Yanacocha mine, in Peru.

Newmont Goldcorp profit beats on higher production as prices fall

By: Reuters     25th April 2019 US-listed gold miner Newmont Goldcorp reported a higher-than-expected quarterly profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices. Gold production rose nearly 2%to 1.23-million ounces in the quarter, but the average realised gold price fell by $26 to... 

Anglo’s first-quarter copper output rises, while met coal production disappoints

By: Marleny Arnoldi     25th April 2019 Two planned longwall moves at Anglo American’s metallurgical coal operations made the biggest contribution to the company’s 6% decrease in overall production for the quarter ended March 31. CE Mark Cutifani said in a statement on Thursday that isolated production issues at the Venetia diamond... 

Anglo’s first-quarter copper output rises, while met coal production disappoints
Mark Cutifani

Gold Fields says will reach two-million-ounce production mark this year 

By: Marleny Arnoldi     25th April 2019 JSE-listed Gold Fields expects to reach its two-million-ounce milestone for the first time this year, as its Damang project, in Ghana, increases production, as the Gruyere project, in Australia, enters production and the Asanko joint venture, in Ghana, contributes for the full year. CEO Nick... 

Gold Fields says will reach two-million-ounce production mark this year
Photo by Creamer Media
Gold Fields CEO Nick Holland

Deep-sea mining boss says new law could be adopted next year

By: Reuters     25th April 2019 China and a quest for battery minerals have injected momentum into a long UN process to agree a law on deep-sea mining, which could be adopted by the end of 2020, if the political will exists, the head of the International Seabed Authority (ISA) said. So far the UN body, headquartered in... 

Deep-sea mining boss says new law could be adopted next year

‘Land no one else wants’ gets solar as coal-and-nukes era fades

By: Bloomberg     25th April 2019 For two decades, coal has been pulled from a Bent Mountain mine in eastern Kentucky. But in a startling move in the heart of coal country, a rival –solar – is preparing to move on to the land. From Appalachia in the US to Queensland in Australia and Chernobyl in Ukraine, solar and wind farms are... 

‘Land no one else wants’ gets solar as coal-and-nukes era fades

ICMM to establish mine tailings storage facilities standard 

By: Schalk Burger     24th April 2019 International mining organisation, the International Council of Mining and Metals (ICMM) will conduct an independent review of mine tailings storage facilities to establish an international standard for the safe management of tailings storage facilities that can be applied to all tailings dams... 

World's central banks want more gold as India joins spree

By: Bloomberg     24th April 2019 India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases are part of a wider picture across... 

World's central banks want more gold as India joins spree

Metallica pushes back Urquhart start

By: Esmarie Iannucci     24th April 2019 The share price of ASX-listed Metallica Minerals fell by nearly 18% on Wednesday on news that the company had failed to access export facilities for its Urquhart bauxite project, in the Cape York Peninsula, pushing back the start of mining. Metallica and its joint venture (JV) partner in... 

Mineral Resources completes note offering

By: Esmarie Iannucci     24th April 2019 ASX-listed Mineral Resources (MRL) has completed a $700-million senior unsecured note offering. “Over recent years, MRL’s business has grown and we now have established operations at mines with anticipated lives of between 10 and 30 years. The offering of the notes represents an important... 

Mt Gibson gets ready to ship Koolan Island ore

By: Esmarie Iannucci     24th April 2019 Junior Mount Gibson Iron has restarted high-grade iron-ore sales from its Koolan Island operation, in Western Australia. The ASX-listed miner on Wednesday said that some 72 000 t of high-grade hematite iron-ore, averaging 65% iron, is currently being loaded onto a bulk carrier scheduled to... 

Argyle delivers a white treasure

By: Esmarie Iannucci     24th April 2019 Mining major Rio Tinto has recovered a 28.84 ct gem quality white diamond from its Argyle diamond mine, in Western Australia, marking one of the largest gem quality white diamonds in its 35-year history. Named Argyle Octavia™ in recognition of its octahedral shape, this rough diamond will be... 

Gindalbie/Ansteel deal gets FIRB backing

By: Esmarie Iannucci     24th April 2019 The Foreign Investment Review Board has approved Hong Kong-based Ansteel’s takeover of ASX-listed Gindalbie Metals. Gindalbie in March announced a 2.6c a share takeover offer from Ansteel, which currently holds a 35.71% interest in Gindalbie and is a 52.16% shareholder in the Karara project. 

Aurelia faces tough quarter

By: Esmarie Iannucci     24th April 2019 Junior gold miner Aurelia Metals has reported a weaker quarter in the three months to March, as gold grades at the Peak mine, in New South Wales, underperformed. Group gold production in the March quarter declined to 23 323 oz, down from the 35 834 oz reported in the previous quarter, with gold... 

Alaska mine expected to lead Northern Star production recovery

By: Esmarie Iannucci     24th April 2019 Gold miner Northern Star Resources is poised for a record quarter of production during the three months to June, as the Pogo mine, in Alaska, gears up to increase its output. Northern Star on Wednesday reported that gold production in the March quarter reached 186 255 oz, down slightly from the... 

Alaska mine expected to lead Northern Star production recovery
Photo by Bloomberg
Northern Star CEO Bill Beament

BMW to buy cobalt direct from Australia, Morocco for EV batteries

By: Reuters     24th April 2019 German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday. The announcement came as the London Metal Exchange (LME) launched an initiative... 

Global Witness welcomes LME’s new responsible sourcing rules 

By: Marleny Arnoldi     23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... 

Global Witness welcomes LME’s new responsible sourcing rules

Anglo stalwart appointed Pensana CEO  

By: Esmarie Iannucci     23rd April 2019 ASX-listed rare earths hopeful Pensana Metals has appointed Tim George as CEO. George has more than a decade of experience in production management at several of diversified miner Anglo American’s operations in Africa, and has previously worked in Angola as chairperson and CEO of Aim-listed... 

Red 5 reports a solid March quarter

By: Esmarie Iannucci     23rd April 2019 Junior gold miner Red 5 has reported a steady production quarter in the three months to March, with gold production reaching 24 187 oz, compared with the 26 118 oz produced in the previous quarter. Gold sales for the March quarter declined slightly from 27 149 oz in the previous quarter, to 23... 

Laneway pours first gold in Qld

By: Esmarie Iannucci     23rd April 2019 First gold has been poured from the Agate Creek gold project, in North Queensland, ASX-listed Laneway Resources reported on Tuesday. The first gold pour was achieved within ten weeks of the grant of a mining lease, and three dore bars collectively weighing 22 kg of gold and silver bullion have... 

Apollo raises A$6m for exploration

By: Esmarie Iannucci     23rd April 2019 ASX-listed Apollo Consolidated is hoping to raise A$6-million through a share placement to accelerate drilling at its Lake Rebecca gold project, in Western Australia. The junior on Tuesday said that it had agreed to place 30-million new fully paid ordinary shares, at a price of 20c each, to... 

Echo updates Yandal BFS

By: Esmarie Iannucci     23rd April 2019 A revised bankable feasibility study into the Yandal gold project, in Western Australia, has estimated that a capital injection of A$42-million would be required to bring the project into production. The BFS is based in the refurbishment of ASX-listed Echo Resources’ Bronzewing processing plant... 

Northern Minerals lines the coffers with another A$15m

By: Esmarie Iannucci     23rd April 2019 Rare earths miner Northern Minerals will undertake a further A$15-million capital raise to repay its R&D financier. The new capital raise comes just a month after Northern Minerals undertook a A$20-million share placement to fund working capital expenditure and exploration. 

Bryah ups its game with OM Holdings JV

By: Esmarie Iannucci     23rd April 2019 ASX-listed junior Bryah Resources has struck a farm-in and joint venture (JV) agreement with fellow-listed OM Holdings to hunt for manganese on the Bryah Basin project. Under the terms of the agreement, OM will spend up to A$7.3-million to earn a 70% interest in the manganese mineral rights of... 

Australia’s minerals council calls for repeal of ‘discriminatory’ nuclear energy ban

By: Esmarie Iannucci     23rd April 2019 The Minerals Council of Australia (MCA) has called on the federal government to repeal a ban on nuclear energy. The call comes after Prime Minister Scott Morrison last week said in a radio interview that while nuclear energy was “not on the agenda”, he noted that nuclear energy had to pay its... 

Australia’s minerals council calls for repeal of ‘discriminatory’ nuclear energy ban

Orion reawakening geological giant in Northern Cape  

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

Orion reawakening geological giant in Northern Cape
Mining Weekly Online’s Martin Creamer interviewing Orion Minerals CEO Errol Smart. Video: Nicholas Boyd. Photographs: Dylan Slater.

LME ready to address flaws in its metal storage rules

By: Reuters     18th April 2019 The London Metal Exchange is poised to deal with a loophole in its warehousing rules, exposed after commodity trader Glencore bought large amounts of aluminium earlier this year, sources familiar with the matter said. But the exchange will have to wait until a complaint lodged by Glencore with... 

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