R/€ = 16.91 Change: 0.13
R/$ = 16.45 Change: -0.12
Au 1802.69 $/oz Change: -6.17
Pt 877.50 $/oz Change: -8.50

Australasia News

EPA approves Rio's plans for Paraburdoo

By: Esmarie Iannucci     13th June 2022 The Western Australian Environmental Authority (EPA) has approved plans by mining major Rio Tinto to expand its existing Greater Paraburdoo iron-ore hub, in the Pilbara. The proposal includes the development of new deposits at Western Range including above and below water table mining, and the... 

Glencore to automate drilling in first phase of digital mining journey 

By: Martin Creamer     13th June 2022 Diversified mining and marketing company Glencore is to convert surface drills in Chile to autonomous operation as part of the first phase of a digital mining journey. Glencore's Compañía Minera Lomas Bayas copper mine in the Atacama Desert, northern Chile – which extracts low-grade copper oxide... 

Picture provided by Flanders
Glencore to convert surface drills to autonomous operation in Chile.

Canada to invest millions to cut emissions at BHP potash mine - source

By: Bloomberg     13th June 2022 Canada will announce a multi-million dollar investment on Monday to make the Jansen potash mine run by the globe's largest listed miner, BHP, "the cleanest and most sustainable in the world," a government source said on Sunday. Industry Minister François-Philippe Champagne and Agriculture... 

Bellevue's economics secure

By: Esmarie Iannucci     13th June 2022 Gold developer Bellevue Gold has told shareholders that its namesake project, in Western Australia, would boast some of the lowest operating costs among ASX-listed gold producers, and that the project is on track to be a 200 000 oz/y producer by the end of the second half of next year. Bellevue... 

REZ finishes mining at Granny Venn

By: Esmarie Iannucci     13th June 2022 ASX-listed Resources & Energy Group (REZ) has concluded mining operations at Granny Venn, in Western Australia. The company last week told shareholders that toll milling for the project’s fourth and final production campaign had been completed with 126 000 t of ore processed at an estimated head... 

Glencore gets A$20m investment in Qld CCS project  

By: Esmarie Iannucci     13th June 2022 Diversified miner Glencore has announced that its joint venture partners Marubeni Corporation and Electric Power Development Co (J-Power) will each fund A$10-million in Glencore’s CTSCo carbon capture and storage (CCS) project in Queensland. The CTSCo project aims to demonstrate CCS technology... 

Image shows trucks at a Glencore operation

Qld exports break records - QRC

13th June 2022 Queensland’s resource exports reached a record high of A$77-billion between March 2021 and March 2021, a report by the Queensland Resources Council (QRC) revealed last week. A State of the Sector report for the March 2022 quarter shows strong prices and increasing demand for Queensland... 

Future metals beneficiation bonus on way for already hugely endowed Northern Cape 

By: Martin Creamer     10th June 2022 Modern technology and global decarbonisation demand is positioning South Africa’s already incredibly well-endowed Northern Cape with big beneficiation bonanza potential, in addition to being a green minerals, green metals and green energy haven. Rapidly developing clean beneficiation technology... 

Creamer Media screenshot.
Future-facing metals in abundance in Northern Cape.

Copper wilts on renewed China lockdowns and recession fears

By: Reuters     10th June 2022 Copper prices extended their decline on Friday as investors fretted over the prospect of weak economic growth hitting metals demand after renewed Covid-19 lockdowns in China and increases to interest rates. Three-month copper on the London Metal Exchange (LME) fell 0.3% to $9 583.50 a tonne by... 

Kasiya's low-cost flake graphite co-product presents market opportunities for Sovereign

By: Tasneem Bulbulia     10th June 2022 Aim- and ASX-listed Sovereign Metals has received recent analysis of the Kasiya rutile project's graphite co-product, one of the critical raw materials contained within the Kasiya deposit. Results show that natural graphite concentrate could be produced as a co-product from Kasiya. 

WA Supreme Court backs Mallee's play for Avebury

By: Esmarie Iannucci     10th June 2022 The Supreme Court of Western Australia has approved ASX-listed Mallee Resources' plans to acquire the Avebury nickel sulphide project, in Tasmania. Mallee earlier this year unveiled a deed of company arrangement (DOCA) to acquire Allegiance Mining, which has gone into receivership. Allegiance... 

Tietto on track at Abujar

By: Esmarie Iannucci     10th June 2022 Gold developer Tietto Minerals on Friday told shareholders that construction of its Abujar gold project, in Côte d’Ivoire, remains on track for first gold pour in the fourth quarter of this year. “Construction is in full swing at Abujar, which has potential to be one of the largest producing... 

Qld courts hydrogen investors in Japan

By: Esmarie Iannucci     10th June 2022 Queensland Deputy Premier and State Development Minister Steven Miles will be traveling to Japan next week with executives from Queensland government owned energy company Stanwell Corporation to promote hydrogen investment opportunities. Miles will engage with Japanese investors about future... 

Greenlight's Einhorn sees gold going 'higher, perhaps much higher'

By: Reuters     10th June 2022 Greenlight Capital hedge fund manager David Einhorn said on Thursday that the Federal Reserve is pretending it can tame inflation and that the price of gold is likely to go higher amid the current environment of rising prices. "The question is whether there's enough gold to back the currency... 

Greenlight's Einhorn sees gold going 'higher, perhaps much higher'

Peru communities to allow Las Bambas mine restart after 51-day shutdown

By: Reuters     10th June 2022 A group of indigenous Peruvian communities on Thursday agreed to temporarily lift a protest against MMG's Las Bambas copper mine that forced the company to halt operations for more than 50 days, the longest in the mine's history. According to meeting minutes signed on Thursday afternoon, the... 

Minister to review ADGSM

By: Esmarie Iannucci     10th June 2022 Federal Resources Minister Madeleine King has announced a ‘urgent review’ of the Australian Domestic Gas Security Mechanism (ADGSM) to ensure its suitability. The announcement comes as electricity prices on Australia’s east coast surges following outages at a number of coal-fired power stations.... 

Image shows an LNG plant

MCA calls for mining reforms in Victoria

By: Esmarie Iannucci     10th June 2022 The Minerals Council of Australia (MCA) has called for a ‘fundamental and urgent’ reform of the Victorian Mining Act and regulatory framework, and for mining to be recognised as a priority industry for regional development in Victoria. In its new Rediscover Victoria policy priorities platform,... 

WA makes changes to speed up mining approvals

By: Esmarie Iannucci     10th June 2022 The Western Australian government will move to accelerate exploration and mining approvals following a significant increase in applications this financial year. The Approvals Response Plan, developed by the Department of Mines, Industry Regulation and Safety, will focus on prioritising the... 

Nano One, Rio Tinto announce strategic partnership and $10m investment

By: Tasneem Bulbulia     9th June 2022 Clean technology innovator Nano One Materials and global mining and metals group Rio Tinto have entered into a strategic partnership providing iron and lithium products, collaboration and a $10-million investment into Nano One. This partnership and funding is aimed at accelerating Nano One’s... 

Small remaining equity needed for restart of rich old copper mine in Northern Cape 

By: Martin Creamer     9th June 2022 A mine that produced some of South Africa’s best copper and zinc concentrates back in the day is capable of being brought back into production in 19 months after reconstruction go-ahead. Only a very little portion of equity is still required for the restart of the Prieska copper/zinc mine, which... 

Creamer Media screenshot
Where Orion Minerals is developing mines.

Aussie miners move to allay shareholder fears following Moz attack

By: Esmarie Iannucci     9th June 2022 An insurgent attack at a mine project in the Cabo Delgado province, in Mozambique, has seen ASX-listed miners operating in the region scramble to assure shareholders. The insurgent attack happened at a mine project near Ancuabe, some 200 km from ASX-listed Syrah Resources’ Balama project, as well... 

Syrah Resources' Balama project
Syrah Resources' Balama project

South32 and Trilogy JV kicks off Alaska summer field programme

By: Mariaan Webb     9th June 2022 Ambler Metals, the joint venture between South32 and Trilogy Metals, has begun mobilisation for the upcoming exploration field programme at the Upper Kobuk Mineral Projects (UKMP), in north-western Alaska. The owners of Ambler have approved a $26.2-million budget for the advancement of UKMP,... 

BMG raises exploration funding

By: Esmarie Iannucci     9th June 2022 Junior BMG Resources will raise A$2.5-million in a share placement to fund exploration work in Western Australia. The ASX-listed company on Thursday said that it had received firm commitments from institutional and sophisticated investors for the placement of 66-million shares, at a price of... 

Lucapa warns of tax changes in Lesotho

By: Esmarie Iannucci     9th June 2022 Diamond miner Lucapa Diamond Company has flagged a possible legislative change in Lesotho, which could affect its operations. A proposed value added tax (VAT) Amendment Bill is currently under consideration in the Kingdom of Lesotho, which could result in the diamond industry in Lesotho no... 

ACCC raises concern around Aurizon's A$2.35bn deal

By: Esmarie Iannucci     9th June 2022 The Australian Competition and Consumer Commission (ACCC) has raised concerns with freight hauler Aurizon over its proposed acquisition of One Rail. Aurizon in October last year announced the A$2.35-billion acquisition of Rail One, which comprises bulk rail haulage and general freight assets in... 

Gold Road continues DGO acquisition drive

By: Esmarie Iannucci     9th June 2022 Gold miner Gold Road Resources’ interest in takeover target DGO Gold has soared to 72.69% Gold Road recently increased its takeover offer for fellow listed DGO from 2.16 Gold Road shares to 2.25 Gold Road shares for every DGO share held, and has extended the takeover period until the end of June. 

Amec hoping to lure Asian investors to critical minerals

By: Esmarie Iannucci     9th June 2022 The Association of Mining and Exploration Companies (AMEC) has today launched the AMEC Critical Minerals Investment Opportunities document in three languages aimed at informing Asian investors into the investment opportunities in the country. “There is a growing investment interest in Asia for... 

Gold’s haven appeal burnished by drumbeat of growth warnings

By: Bloomberg     9th June 2022 Gold could be heading for another rally, with warnings over a global economic slowdown paving the way for a fresh push toward $2 000/oz. A potent mix of decades-high inflation, geopolitical turmoil and growing talk of recession should be bullish for the traditional haven, according to speakers... 

An image of gold bars

ASM awards major contract at Dubbo

By: Esmarie Iannucci     9th June 2022 ASX-listed Australian Strategic Materials (ASM) has awarded a A$46.7-million engineering, procurement and construction definition (EPCD) work contract to South Korean major Hyundai Engineering Co (HEC) for the Dubbo polymetallic projects, in New South Wales. The EPCD will include a capital and... 

AEMO ordered to store gas - Minister

By: Esmarie Iannucci     9th June 2022 Following the meeting of Energy Ministers this week, the federal government has tasked the Australian Energy Market Operator (AEMO) to source and store a strategic supply of gas. Speaking in interviews following the Energy Minister’s meeting, federal Climate Change and Energy Minister Chris... 

Image shows LNG container ship

Rio looks at wind and power solutions for Qld aluminium

By: Esmarie Iannucci     9th June 2022 Diversified miner Rio Tinto is calling for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets. The initiative will help Rio meet its climate change ambitions and further encourage renewable development and industry in the... 

Qld expands RCOE

By: Esmarie Iannucci     9th June 2022 The Queensland government has put forth a further A$5.7-million from the 2022-23 State Budget to further expand the Mackay Resources Centre of Excellence (RCOE), enabling it to become a key player in Queensland’s new economy minerals sector. Treasurer and Minister for Trade and Investment... 

JSE recounts rousing tent-to-tech journey as Southern Palladium turns listing tide  

By: Martin Creamer     8th June 2022 The first in-person listing of the Johannesburg Stock Exchange since covid heard the African kudu horn serenade an opening bid of R6.90 a share for platinum group metals (PGMs) company Southern Palladium, which on Wednesday took its place on the JSE’s main board as a secondary listing under the... 

Creamer Mdedia screenshot.
Southern Palladium’s JSE listing covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Activist Bluebell piles pressure on Glencore to fix coal unit

By: Bloomberg     8th June 2022 Activist investor Bluebell Capital Partners has again asked Glencore Plc to overhaul its climate policy, while seeking support from other shareholders to push for reform at the commodities giant. London-based Bluebell wants Glencore to put forward a plan at next year’s annual meeting to separate... 

S.Korea's LG Energy Solution launches nickel processing plants in Indonesia

By: Reuters     8th June 2022 South Korea's LG Energy Solution (LGES) on Wednesday broke ground on nickel processing plants in Indonesia, part of the company's $9.8-billion investment in the country to produce electric vehicle batteries. The company will build a $3.5-billion smelter with the capacity to produce 150 000 t of... 

Qld coal miners facing tax hike

By: Esmarie Iannucci     8th June 2022 The Queensland Resource Council (QRC) on Wednesday hit out at plans by the Queensland government to increase coal mining royalties. Queensland Treasurer Cameron Dick flagged that royalties would increase in 2022/23. After a decade-long freeze. 

Kaiser Reef adds to Maldon capacity

By: Esmarie Iannucci     8th June 2022 An upgrade of the Maldon gold processing plant, in Victoria, is expected to deliver a 20% increase in throughput rates as well as gold recovery improvements, junior Kaiser Reef said. The ASX-listed company told shareholders that the first part of an upgrade, modernisation and maintenance... 

Windfall tax not on the cards - Minister

By: Esmarie Iannucci     8th June 2022 Federal Energy Minister Chris Bowen has reiterated that there would be no windfall tax against Australian gas companies amid the current energy crunch. The Australian Workers Union (AWU) on Wednesday called on the federal government to put a windfall tax on the table to ‘force multinational gas... 

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