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Australasia News

Macarthur subcommittee to decide Lake Giles fate

By: Esmarie Iannucci     26th May 2022 ASX and TSX-V listed Macarthur Minerals has appointed a strategic sub-committee to assist the board in planning the development of its Lake Giles iron project, in Western Australia. The sub-committee will be focused on producing the Macarthur’s strategic partner action plan, drawing together the... 

Australian Vanadium inks renewable MoU

By: Esmarie Iannucci     26th May 2022 ASX-listed Australian Vanadium has inked a memorandum of understanding (MoU) with renewable energy developer North Harbour Clean Energy (NHCE) for the potential development of energy storage projects. Through its subsidiary VSUN Energy, Australian Vanadium help to facilitate development of... 

Element 25 continues customer hunt

By: Esmarie Iannucci     26th May 2022 Manganese miner Element 25 on Thursday said it was still assessing opportunities to place additional conventional and non-conventional material into the market while commodity prices were strong. The ASX-listed company has just shipped some 35 002 to of manganese concentrate from its... 

Goondiwindi hydrogen plans get state funding

By: Esmarie Iannucci     26th May 2022 The Queensland government has announced A$2-million in funding to the Goondiwindi regional council and its project partners to pioneer the integration of hydrogen production with wastewater treatment. Deputy Premier and Minister for State Development Steven Miles said Goondiwindi’s Wastewater... 

BHP may reap gain of $9.5bn from petroleum merger with Woodside - brokerage

By: Reuters     25th May 2022 Global miner BHP Group could reap a gain of $9.5-billion this year from the sale of its petroleum arm to Woodside Energy Group, Australian brokerage Barrenjoey said. The world's biggest listed miner last year agreed to combine its petroleum business with the company formerly known as Woodside... 

Platinum-boosted South African hydrogen electrolyser leaps ahead   

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Creamer Media photographer.
Hydrox CEO Corrie de Jager interviewed by Mining Weekly’s Martin Creamer.

Karora puts milling bottlenecks in rear-view mirror with A$80m acquisition

By: Mariaan Webb     25th May 2022 Toronto-listed Karora Resources on Tuesday announced the A$80-million acquisition of the one-million-tonne-a-year Lakewood Mill gold processing facility, about 60 km from the Beta Hunt mine, in Western Australia. Chairperson and CEO Paul Andre Huet described the acquisition as a... 

Severe global battery shortage likely post 2025, GlobalData forecasts

By: Schalk Burger     25th May 2022 Extraction of raw materials will not meet soaring battery demand unless capital markets change course in the face of environmental, social and governance pressures and invest heavily in new mines, says business data and analytics company GlobalData in its 'Batteries – Thematic Research' report.... 

QEM commissions pilot plant for Julia Creek

By: Esmarie Iannucci     25th May 2022 Vanadium and oil shale developer QEM on Wednesday announced the commissioning of its pilot plant at the headquarters of HRL Technology Group The vanadium and oil shale pilot plant is scheduled to be operational for a period of six months, and has been designed and developed to validate QEM’s... 

Develop hoping to add to its capacity

By: Esmarie Iannucci     25th May 2022 ASX-listed Develop on Wednesday announced plans to acquire mining provider Premium Mining & Civil and Premium Mining Personnel for a total consideration of A$7.46-million. Develop has inked a letter of intent (LoI), under which the parties have agreed to negotiate and enter into a formal share... 

Tomingley hits production milestone

By: Esmarie Iannucci     25th May 2022 Gold miner Alkane Resources has poured its 500 000th ounce of gold at its Tomingley operation, in New South Wales. “Pouring our 500 000th ounce is a significant milestone that provides a fitting testament to the teams that have worked on the Tomingley gold project and operations since the days... 

Image shows a molten gold pour

Bryah adds to Gabanintha base metal resource

By: Esmarie Iannucci     25th May 2022 Minerals explorer Bryah Resources has reported a 15% increase in the indicated and inferred base metal mineral resource estimate at the Australian Vanadium project, which is located within the company’s Gabanintha project, in Western Australia. Fellow-listed Australian Vanadium holds the mineral... 

Iron Road tests hydrogen waters

By: Esmarie Iannucci     25th May 2022 ASX-listed Iron Road will undertake a market sounding process to gauge commercial interest in the proposed Cape Hardy green hydrogen and industrial precinct. The South Australian government has previously identified Cape Hardy as one of three hubs for green hydrogen production, liquefaction or... 

Suvo finds offtake partner

By: Esmarie Iannucci     25th May 2022 Kaolin producer Suvo Strategic Minerals has struck a non-binding agreement with supply chain services provider C&D Logistics Group over a possible offtake agreement. Under the terms of a non-binding cooperation agreement, the two companies would work to negotiate a sales and purchase agreement... 

Peru community sees 'progress' in resolving Las Bambas mine standoff

By: Reuters     25th May 2022 The leader of a Peruvian indigenous community, whose protest led MMG's Las Bambas copper mine to suspend operations over a month ago, said on Tuesday that "progress" has been made toward a solution to the crisis. "We are moving forward thinking about the country at large, for the good of the... 

Glencore settles most bribery, manipulation investigations 

By: Martin Creamer     25th May 2022 Diversified mining and marketing company Glencore on Wednesday announced the settlement of most of its bribery and market manipulation investigations. This follows almost four years of investigations and a serious environmental social and governance (ESG) overhang over the group, 

Picture supplied
Glencore CEO Gary Nagle.

Ferrous metals, coal most exposed to climate risk in metals and mining sector – Fitch  

By: Tasneem Bulbulia     24th May 2022 Thermal coal, blast furnace-basic oxygen furnace (BF-BOF) steelmaking and its raw materials are the segments of the metals and mining sector that are most vulnerable to long-term climate risks owing to their large direct emissions, credit ratings agency Fitch Ratings says. Demand for many... 

Resolution appoints new MD

By: Esmarie Iannucci     24th May 2022 Junior Resolution Minerals has appointed Steven Groves as the new MD, starting July 1. Groves has a Bachelor of Applied Geology (Honours) and a Master’s of Economic Geology the University of Tasmania and is a member of the Australian Institute of Geoscientists and the Society of Economic... 

Kingsgate secures refinery for Chatree ore

By: Esmarie Iannucci     24th May 2022 The restart of the Chatree gold mine, in Thailand, has progressed further, with owner Kingsgate Consolidated announcing the appointment of a refiner to process gold and silver ore produced from the mine. Kingsgate on Tuesday announced that Precious Metal Refining Company (PMR) had been appointed... 

Rafaella sharpens focus on Canada

By: Esmarie Iannucci     24th May 2022 ASX-listed Rafaella Resources has shifted its focus to battery minerals exploration in Canada, announcing the acquisition of a second battery metals project in the region, adjacent to its existing Midrim and Laforce platinum group metal (PGM)/nickel/copper sulphide assets. The company has inked... 

Westgold CEO steps down

By: Esmarie Iannucci     24th May 2022 Gold miner Westgold Resources has announced the immediate resignation of CEO Debbie Fullarton, who will be pursuing other opportunities after four years with the company. Wayne Bramwell has been appointed to the role of MD effective immediately, while the separate role of CEO has been terminated. 

Rio and BP to collaborate on biofuel

By: Esmarie Iannucci     24th May 2022 Diversified miner Rio Tinto and petroleum major BP will collaborate on a one-year biofuel trial in an effort to reduce carbon emissions from Rio’s marine fleet. Under the trial, BP is supplying marine biofuel that will be trialled on Rio’s RTM Tasman vessel on a mix of Transatlantic and... 

Image shows Rio's Pilbara ports operations

Pure's holding in Botala moves ahead

By: Esmarie Iannucci     24th May 2022 ASX-listed Pure Hydrogen is poised to take a 19.9% stake in Botswana focused Botala Energy as part of a sale and purchase agreement. Pure Hydrogen last year struck an agreement with Botala for a significant shareholding in the Africa-focused energy developer, in exchange for a 21% interest in... 

Sevenfold increase in yearly clean hydrogen needed to hit 2050 net-zero target  

By: Martin Creamer     23rd May 2022 Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that... 

AdobeStock solar pic
South Africa's sun and wind can contribute to crucial job creation.

Akobo confident its Segele mine will generate $50m in free cash flow in two years

By: Marleny Arnoldi     23rd May 2022 Ethiopia-focused gold miner Akobo Minerals has declared an inaugural cash flow estimate for the Segele mine of $42-million in 2023 and $15.1-million in 2024. The mine is on track to start producing gold early in 2023.  

Ironbark taps potential partner for Citronen

By: Esmarie Iannucci     23rd May 2022 Junior Ironbark Zinc has inked a non-binding memorandum of understanding (MoU) with Norwegian group Leonhard Nilsen & Sønner (LNS) over a potential equity investment and services contract for the Citronen in Greenland. Under the terms of the MoU, LNS could earn an equity position in the project... 

European Lithium makes a play for Avebury

By: Esmarie Iannucci     23rd May 2022 ASX-listed European Lithium has thrown a potential A$125-million spanner in fellow 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... 

Quantum signs offtake deal at Uley 2

By: Esmarie Iannucci     23rd May 2022 ASX-listed Quantum Graphite has inked an offtake agreement for all of the flake graphite produced at its Uley 2, Stage 1 project, in South Australia. The company on Monday announced that it had signed a binding offtake agreement with Swiss-based global metal and minerals trading group MRI... 

Invictus raises cash for Zim drilling

By: Esmarie Iannucci     23rd May 2022 Upstream oil and gas company Invictus Energy will raise A$12-million through a share placement to sophisticated and institutional investors. Under the placement, the ASX-listed company will issue more than 60-million shares, at a price of 20c each under its existing placement capacity. The... 

Appea welcomes Albanese at the helm

By: Esmarie Iannucci     23rd May 2022 The oil and gas industry has congratulated Labor’s federal election win over the weekend, with Anthony Albanese emerging as Australia’s new Prime Minister. The Australian Petroleum Production & Exploration Association’s (Appea’s) acting CEO, Damian Dwyer said that the industry was looking... 

Newcrest takes the next step at Wilki

By: Esmarie Iannucci     23rd May 2022 Gold miner Newcrest Mining will assume management of a farm-in agreement with ASX-listed Antipa Minerals over the Wilki project, in Western Australia. Newcrest has already spent A$6-million on exploration at the project under a farm-in agreement with Antipa, and will now spend a further... 

Sayona's PFS for NAL proves up

By: Esmarie Iannucci     23rd May 2022 A prefeasibility study (PFS) into the North American Lithium (NAL) operations, in Quebec, has confirmed the viability of a 1.5-million tonne a year operation, delivering 4.4-million tonnes of spodumene concentrate over a mine life of 27 years. ASX-listed Sayona Mining on Monday told shareholders... 

Image shows the NAL operations

Unloved since Fukushima, uranium is hot again for miners

By: Reuters     20th May 2022 Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia's invasion of Ukraine. Spot prices for uranium have doubled from lows of $28 per pound last year... 

An image of uranium

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

Picture supplied.
Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Develop completes Woodlawn purchase

By: Esmarie Iannucci     20th May 2022 ASX-listed Develop has completed the A$100-million acquisition of the Woodlawn zinc/copper project, in New South Wales. Develop on Friday announced it had completed the purchase of all shares in Heron Resources, under the terms of a deed of company arrangement (DOCA) and orders of the Supreme... 

Perseus settles Orca buy

By: Esmarie Iannucci     20th May 2022 Gold miner Perseus Mining has completed the acquisition of TSX-V-listed Orca Gold Inc. Perseus, which held an initial 15% interest in Orca, offered its shareholders 0.56 Perseus shares for every Orca share held, with the total consideration paid for Orca estimated at C$215-million, including... 

Australian Vanadium hoping to raise A$27.5m

By: Esmarie Iannucci     20th May 2022 ASX-listed Australian Vanadium is hoping to raise up to A$27.5-million to finance work at its namesake project in Western Australia. The company on Friday announced that it had received firm commitments from new and exiting shareholders for the placement of 425.5-million shares, at a price of... 

FFI backs the EU's renewable plan

By: Esmarie Iannucci     20th May 2022 Green energy developer Fortescue Future Industries (FFI) has welcomed the European Commission REPowerEU plan to rapidly reduce dependence on Russian fossil fuels and tackle the climate crisis. The European Commission earlier this week presented the REPowerEU plan in response to the global... 

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