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Australasia News

Azure’s Mexico project receives all regulatory approvals

By: Simone Liedtke     21st June 2019 ASX-listed Azure Minerals has received all regulatory approvals necessary for its planned mining operation at Oposura, Mexico, including openpit and underground mining permits, environmental clearances, explosives permits and surface land-use agreements. The fully-funded zinc/lead/silver project... 

Champion’s Bloom Lake feasibility study doubles yearly production

By: Marleny Arnoldi     21st June 2019 TSX- and ASX-listed Champion Iron on Thursday announced positive results from its Phase 2 feasibility study for the Bloom Lake mining complex, in Quebec. The study envisioned further exploiting Bloom Lake, which would increase overall capacity from 7.4-million tonnes a year to 15-million tonnes... 

Sandfire replaces ore reserves at DeGrussa

By: Creamer Media Reporter      21st June 2019 An updated ore reserve for the DeGrussa mine, in Western Australia, has extended the copper/gold operation’s mine life to mid-2022, ASX-listed Sandfire Resources reported on Friday. The company’s latest reserve and mineral resource update for DeGrussa includes the Conductor 1, Conductor 4 and... 

Lynas stockpiles rare earths for 'strategic' customers

By: Reuters     21st June 2019 Australia's Lynas said it was stockpiling production of a major rare earth element, with prices jumping in recent weeks as supply concerns mount amid trade tensions between China and the United States. The miner said its decision to stockpile neodymium praseodymium (NdPr), used in industrial... 

Lynas stockpiles rare earths for 'strategic' customers

Court dismisses Ecuador mining referendum petition

By: Mariaan Webb     20th June 2019 The share prices of SolGold and Cornerstone Capital Resources rose sharply in Canada on Thursday afternoon, following an announcement that the Ecuador mining referendum petition had been dismissed. TSX-V-listed Cornerstone, which is a partner in the significant Cascabel copper/gold project with... 

Court dismisses Ecuador mining referendum petition

Higher production expected from Aeris

By: Esmarie Iannucci     20th June 2019 ASX-listed Aeris Resources has tipped a 4% increase in full year production expectations on the back of strong production performances at its Tritton and Murrawombie underground mines, along with higher copper grades in New South Wales. The miner on Thursday advised that its copper production... 

Commissioning starts at Juardi

By: Esmarie Iannucci     20th June 2019 Commissioning has started at the Juardi gold project, in Western Australia, with full production targeted for the fourth quarter of this year. ASX-listed Beacon Minerals on Thursday said that the A$21.4-million project was expected to recover some 126 000 oz of gold over a five-year mine life,... 

BHP and Mitsubishi to pursue emission reductions

By: Esmarie Iannucci     20th June 2019 Mining major BHP and Japan’s Mitsubishi Development have inked a memorandum of understanding (MoU) to jointly pursue emissions reductions. BHP CEO Andrew Mackenzie on Thursday said that the MoU marked the start of an important collaboration with one of the company’s essential long-term industry... 

MACA supports Blackham expansion plans

By: Esmarie Iannucci     20th June 2019 Integrated service contractor MACA will provide gold miner Blackham Resources with a A$12-million working capital facility to progress its transition to the Stage 1 expansion sulphide development at its Western Australian operations. Under the agreement, MACA will provide Blackham with working... 

Syrah to raise A$111m, signs new offtake

By: Esmarie Iannucci     20th June 2019 Graphite miner Syrah Resources will raise some A$111.6-million though a convertible note and underwritten entitlement offer to ramp-up production at its Balama project, in Mozambique. Syrah has struck an agreement with its largest shareholder AustralianSuper to issue a five-year unsecured... 

St George raises A$4m under JMEI

By: Esmarie Iannucci     20th June 2019 Junior nickel developer St George Mining will raise A$4-million through a share placement, making use of the Junior Mineral Exploration Incentive (JMEI), which will expire at the end of the month. The JMEI is a tax credit arrangement, which allows mineral exploration companies that have no... 

Construction starts at Carmichael

By: Esmarie Iannucci     20th June 2019 Construction of the much-maligned Carmichael coal project, in Queensland, has started. Indian major Adani on Thursday said that some 60 workers were currently on site for surveying and clearing purposes to allow access onto the mine site, while also working on geotechnical and water management... 

Construction starts at Carmichael

Cyanide-free leaching technology launches

By: Esmarie Iannucci     20th June 2019 The Commonwealth Scientific and Industrial Research Organisation (CSIRO) has licensed Perth-based Clean Mining to sell and distribute a new cyanide-free gold processing technology. The technology was developed over more than a decade by the CSIRO and replaces cyanide with a safer, less hazardous... 

China iron-ore soars as Rio Tinto cuts shipments forecast

By: Reuters     20th June 2019 China's iron-ore surged to a record on Thursday after Rio Tinto lowered its Pilbara shipment guidance, suggesting that supply could remain tight even as Vale is set to resume full operations at its Brucutu mine. Mining giant Rio Tinto on Thursday lowered its guidance on volumes of iron-ore it... 

Resolute Mining determined to grow as adds London listing

By: Reuters     20th June 2019 Australian-listed gold miner Resolute Mining lists on the London Stock Exchange on Thursday to broaden its investor base and pursue its ambition to be a high-tech, pan-African gold producer, partly through acquisitions. New listings have been scant in London, where uncertainty over Britain's... 

Gold spikes to more than 5-year high as Fed signals ready to cut 

By: Bloomberg     20th June 2019 Gold jumped to the highest in more than five years after the US Federal Reserve indicated a readiness to cut interest rates and the dollar tumbled. Gold had a lackluster start to the year but gained momentum this month as investors sought havens amid slowing global growth due to the fallout from... 

Gold spikes to more than 5-year high as Fed signals ready to cut

Rio Tinto cuts 2019 iron-ore guidance

By: Simone Liedtke     19th June 2019 Mining major Rio Tinto on Wednesday said that it was experiencing operational challenges at its iron-ore mines, particularly in the Greater Brockman hub in the Pilbara, resulting in another revision of its guidance for the year. The miner lowered its Pilbara shipment guidance to between... 

Nordgold to acquire Guyana gold project

By: Simone Liedtke     19th June 2019 Diversified gold miner Nordgold has entered into an option agreement with ASX-listed Alicanto Minerals for the exclusive right to acquire a 100% interest in the Arakaka gold project, in Guyana. Under the terms of the agreement, Nordgold will have an option to acquire a 100% interest in the... 

Jervois gains entry into Uganda with M2 Cobalt buyout

By: Tasneem Bulbulia     19th June 2019 ASX-listed Jervois Mining has completed a plan of arrangement to acquire TSX-listed M2 Cobalt. The acquisition provides Jervois entry into Uganda to complement its East African ambitions, particularly regarding opportunities around the historic Kilembe mine and the Kasese cobalt refinery. 

WA studies hydrogen potential for mining

By: Esmarie Iannucci     19th June 2019 The Western Australian government is investigating the potential for a renewable hydrogen industry in Western Australia, and the opportunities it could present to the mining sector. Minister assisting the Minister for State Development, Jobs and Trade, Alannah MacTiernan said this week that... 

Santos eyes solar power in South Australia

By: Esmarie Iannucci     19th June 2019 Oil and gas major Santos will introduce solar panels to help power its Port Bonython processing plant, in South Australia. The ASX-listed company told shareholders that the 2.12MW ground-mounted solar photovoltaic system would generate more than 2 GWh of emissions-free energy a year, which... 

Delay forces adjustment of Gruyere output

By: Esmarie Iannucci     19th June 2019 Gold production expectations from the Gruyere joint venture (JV), in Western Australia, have been downgraded for the 2019 calendar year, on the back of a delay to the completion of the plant construction and commissioning. JV partners Gold Road Resources and Gold Fields on Wednesday reported... 

Heap leach technology proven at Olympic Dam

By: Esmarie Iannucci     19th June 2019 Mining major BHP on Wednesday confirmed the viability of heap leach technology to extract copper, uranium, gold and silver at its Olympic Dam operation, in South Australia. The miner started heap leach research and a development trial in 2012, which was conducted at a purpose built, small-scale... 

Gold Fields spends A$112m on micro-grid at Agnew

By: Esmarie Iannucci     19th June 2019 Gold miner Gold Fields on Wednesday announced a A$112-million investment into an energy micro-grid combining wind, solar, gas and battery storage at its Agnew mine, in Western Australia. The Australian Renewable Energy Agency (Arena) will contribute A$13.5-million in funding for the micro-grid,... 

Gold Fields spends A$112m on micro-grid at Agnew

Oz Minerals establishes renewable collaborative programme

By: Esmarie Iannucci     19th June 2019 Copper miner Oz Minerals has launched an energy and mining collaboration (EMC) with six other organisations to investigate renewable energy and demand management related activities on a mine site. The first project as part of the EMC programme would see a trial installation of a near 250 kW... 

Pala buys Cobalt 27 for C$501m, creates Nickel 28

By: Mariaan Webb     18th June 2019 Battery metals streaming company Cobalt 27 Capital has agreed to be bought by private equity firm Pala Investments in a deal that values the TSX-V-listed company at C$501-million. Under the terms of the transaction, announced on Tuesday, Cobalt 27 shareholders would receive C$5.75 a common... 

Pala buys Cobalt 27 for C$501m, creates Nickel 28
Nickel 28 will hold Cobalt 27's joint venture interest in the Ramu nickel/cobalt mine, in Papua New Guinea.

Six new members join Hydrogen Council

By: Creamer Media Reporter      18th June 2019 Six new member companies have joined the Hydrogen Council, a global CEO-led initiative for hydrogen technologies. The council now has 60 members after BP joined as a steering member and AVL, Itochu Corporation, Liebherr Group, Power Assets Holdings and SinoHytec joined as supporting members. 

The world will get half its power from wind, solar by 2050

By: Bloomberg     18th June 2019 Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3-trillion into new projects, according... 

Paringa achieves record productivity rates at Poplar Grove

By: Simone Liedtke     18th June 2019 ASX-listed Paringa Resources has achieved record productivity rates at its Poplar Grove mine, in western Kentucky, where underground activities are undertaken by the first mining unit (Unit 1), comprising two continuous mining machines (CMs). During the week of June 10, the company achieved a... 

Chalice secures new nickel sulphide exploration opportunity

By: Simone Liedtke     18th June 2019 ASX- and TSX-listed Chalice Gold Mines has secured a significant new nickel sulphide exploration opportunity in the west Kimberley region of Western Australia after reaching an agreement to acquire the outstanding shares in private nickel explorer North West Nickel (NWN). NWN holds a portfolio of... 

GBF adds scale to Macmahon’s underground contracting business

By: Simone Liedtke     18th June 2019 Mining services company Macmahon has executed a binding agreement to buy mining contractor GBF Holdings for A$48-million, consistent with a growth plan of scaling up its underground division. The acquisition, which was confirmed to the market earlier in June, includes all GBF subsidiaries and is... 

PFS supports new South Australia copper/gold mine

By: Creamer Media Reporter      18th June 2019 ASX-listed Havilah Resources on Tuesday published the prefeasibility study (PFS) for its Kalkaroo project, which indicates that a new openpit mine producing 30 000 t/y of copper and 72 000 oz/y of gold was feasible. The study was previously prepared for potential partner Wanbao Mining by... 

India important to global copper demand growth, CRU analyst tells conference

18th June 2019 India and Asia will drive global copper growth beyond 2025 with China remaining a dominant consumer of the red metal, according to a Latin American commodity analyst. Addressing the Copper to the World conference in Adelaide, Australia, on Tuesday, Santiago-based CRU Consulting principal analyst... 

Copper seen as key to South Australia achieving growth target

By: Mariaan Webb     18th June 2019 South Australia’s mining industry is rising to the challenge of bringing new copper supply to the market, with mines expanding, new ones opening and projects pushing through the pipeline, Energy and Mining Minister Dan van Holst Pellekaan said at a conference in Adelaide on Tuesday. In an... 

Copper seen as key to South Australia achieving growth target

Australia’s Resolute to list on LSE

By: Simone Liedtke     18th June 2019 ASX-listed Resolute Mining, which operates gold mines in Australia and Africa, expects its shares will start trading on the LSE on June 20. The dual listing on the LSE is a significant milestone in the ongoing transformation of the gold miner and takes place as the company ramps up its new Syama... 

Non-disclosure of dam safety risks could prompt big investors to pull out 

By: Reuters     17th June 2019 Investors with a combined $12.5-trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dams if they do not release information to assess safety risks. The safety of dams used to store mining... 

Tando soars on SPD plans

By: Esmarie Iannucci     17th June 2019 The share price of ASX-listed Tando Resources closed nearly 18% higher on Monday after the company announced plans to implement parallel development strategies for its SPD vanadium project, in South Africa. The company said that following the results of the May scoping study, the company has... 

QRC warns of higher gas prices

By: Esmarie Iannucci     17th June 2019 The Queensland Resources Council (QRC) has warned that the 2.5% increase in gas royalties would likely be passed on to consumers, as Premier Annastacia Palaszczuk fended off calls to delay the royalty hike. “It was a Labor government that set up the liquefied natural gas (LNG) industry in this... 

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