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Australasia News

Aus junior Celamin regains its share of Tunisia project

By: Esmarie Iannucci     5th April 2019 The share price of junior explorer Celamin Holdings rose on Friday, after the Tunisian Court of Appeal returned the company’s 51% stake in the Chaketma phosphate project. Celamin has battled its joint venture partner Tunisian Mining Services (TMS) since 2015, after its interest in the project... 

Maximus urges rejection of Kesli motion; sells Burbanks for A$5.8m

By: Esmarie Iannucci     5th April 2019 Junior gold company Maximus Resources has urged shareholders to vote against a motion by shareholder Kesli Chemicals to remove three of the company’s directors. Kesli, which owns more than a 5% interest in Maximus, in March issued the gold miner with a notice demanding a general meeting to... 

Perseus still riding the wave of increased production

By: Esmarie Iannucci     5th April 2019 Gold miner Perseus Mining has flagged a 5% increase in gold production during the March quarter, compared with the previous corresponding period. The ASX- and TSX-listed miner on Friday told shareholders that during the three months to March, 67 144 oz of gold was produced, including 44 680 oz... 

Antipa raises A$5m for exploration

By: Esmarie Iannucci     5th April 2019 ASX-listed Antipa Minerals will raise A$5.1-million through a share placement to institutional and sophisticated investors to fund its exploration programme for 2019. The company on Friday said that it would issue some 268.8-million shares, priced at 1.9c each, representing a discount of 20.8%... 

Berkeley appeals to Spain's Supreme Court over nuclear watchdog nominees

By: Reuters     5th April 2019 Berkeley Energia has appealed to Spain's Supreme Court against the nomination of new members to the country's nuclear safety council (CSN), which is due to assess the Australian company's uranium mine project near Salamanca. The court, in a document released on Thursday, said it had rejected a... 

Berkeley appeals to Spain's Supreme Court over nuclear watchdog nominees

Anglo taking tailings dam monitoring to next level 

By: Martin Creamer     4th April 2019 Diversified mining company Anglo American is implementing new techniques that give the company far more control over tailings dams, which have been thrown into the spotlight after the tragic loss of life at Brumadinho, in Brazil, where an iron-ore tailings dam collapsed at Vale’s Corrego do... 

Anglo taking tailings dam monitoring to next level
Photo by Anglo American
How Anglo American is reducing tailings dam risk

Global gold-backed ETF holdings grew incrementally in March – WGC 

By: Simone Liedtke     4th April 2019 Holdings in global gold-backed exchange-traded funds and similar products rose by 3 t in March, to 2 483 t, equivalent to about $183-million in inflows, the World Gold Council (WGC) reported on Thursday. The WGC said global assets under management fell by 1.6% in dollar terms to $103-billion over... 

How countries are getting tougher with mining companies

By: Reuters     4th April 2019 A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of... 

Alacer delivers positive results at Gediktepe

By: Esmarie Iannucci     4th April 2019 An updated prefeasibility study (PFS) for the Gediktepe project, in Turkey, has delivered positive results for dual-listed gold miner Alacer Gold. The PFS estimates that the project will require a capital investment of $164-million for the oxide ore phase, and an additional $71-million for the... 

Alacer delivers positive results at Gediktepe

MRC to buy Norway's largest flake graphite producer

By: Esmarie Iannucci     4th April 2019 ASX-listed Mineral Commodities (MRC) has struck a $9.2-million share purchase agreement with Skaland Graphite AS to acquire the Trælen graphite mine and the Skaland processing plant, in Norway. MRC would pay an initial cash consideration of $4.8-million and a further $4.4-million over a five-year... 

Galaxy taps Simon Hay as new CEO

By: Esmarie Iannucci     4th April 2019 Lithium miner Galaxy Resources has appointed Simon Hay as its new CEO, effective from July 1. Hay, who is currently head of resource development at ASX-listed Iluka, will replace Anthony Tse. In addition to his history at Iluka, Hay has also held senior positions at BHP Billiton and WMC Resources. 

Capricorn shakes the tin

By: Esmarie Iannucci     4th April 2019 ASX-listed Capricorn Metals has launched a A$10.1-million equity raising to support activities of its Karlawinda gold project, in Western Australia. The company on Thursday said that it would undertake an accelerated pro-rata non-renounceable entitlement offer of one new share for every five... 

Battery Minerals raises A$5m for Montepuez

By: Esmarie Iannucci     4th April 2019 Junior Battery Minerals will raise A$5-million through a share placement to progress its Montepuez graphite project, in Mozambique. Battery Minerals will issue 204-million shares at a price of 2.5c each to profession and institutional investors. The shares will be issued in two tranches, with... 

Coal continues to drive Qld export boat

By: Esmarie Iannucci     4th April 2019 New data from the Queensland Treasury has shown that coal exports during the year to February had increased by A$5-billion, helping to push the value of Queensland’s total exports to A$83.1-billion over the period. Coal exports during that period accounted for A$35.8-billion worth of exports. 

Parliament passes first PRRT amendment

By: Esmarie Iannucci     4th April 2019 The federal Parliament this week passed the first phase of the amendments to the Petroleum Resources Rent Tax, which will exclude the onshore oil and gas industry from the scope of the tax and modify a number of the carry forward rate provisions that apply to exploration and project costs... 

Parliament passes first PRRT amendment

Anglo American, Northam, Australia’s budget surplus make headlines  

4th April 2019 This week Mining Weekly editor Martin Creamer discusses Anglo American’s plans for hydrogen, new tunnel boring technology at Northam’s Eland mine and Australia’s $7.1-billion budget surplus. 

Anglo American, Northam, Australia’s budget surplus make headlines
Anglo American, Northam, Australia’s budget surplus make headlines.

World's largest iron-ore port expects more exports post Vale

By: Bloomberg     4th April 2019 With a market facing a global deficit that was unforeseen at the start of the year, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue Metals Group and rivals bring on new mines in Australia’s remote Pilbara region. The projected shortfall comes in the... 

World's largest iron-ore port expects more exports post Vale

Anglo hopes to run truck on hydrogen in 12 months – O’Neill 

By: Martin Creamer     3rd April 2019 Diversified mining company Anglo American hopes to have a truck running on hydrogen in the next 12 months, Anglo American technical director Tony O’Neill said on Wednesday, when he spoke of foreseeing the company’s installed diesel fleet one day being replaced by an electrical alternative.   To... 

Anglo hopes to run truck on hydrogen in 12 months – O’Neill
Photo by Anglo American
Graphic showing how sun can provide electricity to produce hydrogen that powers mine fleets.

Rare earths firm Pensana eyes London listing

By: Creamer Media Reporter      3rd April 2019 ASX-listed Pensana Metals, which is developing a rare earths project in Angola, is considering a listing on the LSE by the end of the year, the company has reported. Pensana stated that it would undertake an investor road show next week, ahead of a planned listing on the main board towards the... 

Rare earths firm Pensana eyes London listing

Iron-ore thunders higher as mine dams closed, exports collapse

By: Bloomberg     3rd April 2019 Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a ton, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark material rallied as much as 4.1% in Singapore, while spot ore... 

Iron-ore thunders higher as mine dams closed, exports collapse

Hastings looking to raise nearly A$20m

By: Esmarie Iannucci     3rd April 2019 Rare earths developer Hastings Technology Metals will raise nearly A$20-million to assist in the development of its Yangibana rare earths project, in Western Australia. The company on Wednesday reported that it has raised A$12-million through a share placement priced at 17c a share, with the... 

Metallica facing tussle with suspended CEO

By: Esmarie Iannucci     3rd April 2019 ASX-listed Metallica Minerals is facing a legal battle with suspended CEO and former MD Simon Slesarewich, who has brought a claim against the company in relation to his employment. The Metallica board in February suspended Slesarewich, after announcing a process to review administration,... 

Rio Tinto and Alcoa plan R&D facility in Quebec

By: Esmarie Iannucci     3rd April 2019 An aluminium joint venture (JV) between majors Rio Tinto and Alcoa has flagged a site for a new research and development facility in the Saguenay–Lac-Saint-Jean region in Québec. The Elysis JV is working to commercialise a breakthrough technology that eliminates all direct greenhouse gases from... 

FIFO code of practice introduced in WA

By: Esmarie Iannucci     3rd April 2019 The Western Australian government this week launched Australia’s first code of practice for mental health for fly-in, fly-out (FIFO) workers in the resources and construction sector. The code of practice was developed following extensive public consultation, and on the back of recommendations... 

Resources have helped Australia return to Budget surplus

By: Esmarie Iannucci     3rd April 2019 The resources sector has assisted in pushing the federal government back into black, with Finance Minister Mathias Cormann on Tuesday reporting a surplus of A$7.1-billion. Cormann furthermore predicted a surplus of A$11-billion for 2020/21, a A$17.8-billion surplus for 2021/22 and a... 

Resources have helped Australia return to Budget surplus

Potash developer Kalium Lakes builds momentum with cornerstone investor

By: Esmarie Iannucci     3rd April 2019 Sulphate of potash (SOP) developer Kalium Lakes has welcomed equity investment firm Greenstone Resources as a cornerstone investor, following a A$20.8-million investment. Kalium Lakes on Wednesday told shareholders that it would issue more than 47.3-million shares to Greenstone, at a price of... 

Melior targets commercial production at Australia project in June

By: Creamer Media Reporter      3rd April 2019 The Goondicum ilmenite project in Australia’s Queensland is poised to become cash positive in the June quarter, Toronto-based Melior Resources reported on Tuesday. The project produced 4 440 t in February and 7 860 t March, against goals of 7 900 t and 7 320 t, respectively. Melior said that... 

Northam trying out tunnelling first at rhodium-rich Eland mine development 

By: Martin Creamer     2nd April 2019 Platinum group metals mining company Northam is preparing to deploy innovative tunnel boring technology at its Eland mine as part of a R93-million shared risk-and-reward contract with Master Drilling. Eland, on the southeastern limit of the western limb of the Bushveld Complex, has a 19.3-million... 

Northam trying out tunnelling first at rhodium-rich Eland mine development
Photo by Creamer Media
Paul Dunne (right) and Martin Creamer

Tariff war will hammer global trade growth this year, WTO says

By: Bloomberg     2nd April 2019 The World Trade Organization (WTO) slashed its global trade growth projection for 2019 to the lowest level in three years, citing the impact of rising commercial tensions and tariffs. World merchandise trade growth will slow to 2.6% this year and 3% next year, after notching 3% in 2018, the WTO... 

Tshipi achieves record full-year export volumes

By: Tasneem Bulbulia     2nd April 2019 Tshipi é Ntle Manganese Mining’s Tshipi Borwa mine in, in South Africa, met its sales target of 3.51-million tonnes of manganese for the 2019 financial year. ASX-listed Jupiter Mines, which has a 49.9% beneficial interest in Tshipi é Ntle, has reported that this resulted in record export volumes. 

Capricorn unimpressed by proposed bid, opens data room to others

By: Esmarie Iannucci     2nd April 2019 ASX-listed Capricorn Metals on Tuesday flagged an unsolicited possible takeover offer from a consortium between Emerald Resources and Hawkes Point Holdings. Capricorn told shareholders that it had received a nonbinding indicative and incomplete letter of intent from the consortium, outlining its... 

Kidman looking to sell its metal rights in WA

By: Esmarie Iannucci     2nd April 2019 ASX-listed Kidman Resources is looking for buyers for the gold and base metals rights at its Mt Holland project, in Western Australia. The company earlier this year launched a strategic review of the gold and base metal rights at the Mt Holland project, which determined that Kidman could... 

PNG LNG signs another short-term offtake

By: Esmarie Iannucci     2nd April 2019 The Papua New Guinea (PNG) liquefied natural gas (LNG) joint venture partners have struck a mid-term sales and purchase agreement with Singapore’s Unipec to supply some 0.45-million tonnes of LNG over a four-year period. ASX-listed Oil Search, which holds a 29% interest in the PNG LNG project,... 

Lucapa finds 55ct diamond at Mothae

By: Esmarie Iannucci     2nd April 2019 Africa-focused Lucapa Diamond Company has recovered its fifth diamond larger than 50 carats from the Mothae operation, in Lesotho, since commercial production started in January. The recovery of the top-colour 55 ct stone was recovered only shortly after the recovery of a 128 ct diamond from... 

Walkabout finds taker for Lindi Jumbo flakes

By: Esmarie Iannucci     2nd April 2019 Graphite developer Walkabout Resources has signed its first binding offtake term sheet with expandable graphite producer Inner Mongolia Qianxin Graphite (IMQG) over its Lindi Jumbo project, in Tanzania. Under the terms of the agreement, Walkabout would deliver between 10 000 t/y and 20 000 t/y of... 

IGO to patent Nova downstream process

By: Esmarie Iannucci     2nd April 2019 Diversified miner Independence Group has lodged a patent application for a new process to produce high quality nickel sulphate from nickel sulphide concentrate. The company is currently undertaking a prefeasibility study on a downstream nickel sulphate operation at its Nova nickel-cobalt... 

Sanbrado on track for 2020 production

By: Esmarie Iannucci     2nd April 2019 Gold developer West African Resources on Tuesday said that it was on track to pour its first gold at the Sanbrado project, in Burkina Faso, by the third quarter of next year. The ASX-listed company has drawn down the first $75-million under its $200-million finance facility with Taurus Funds... 

Jervois gains US project with eCobalt merger

By: Esmarie Iannucci     2nd April 2019 ASX-listed Jervois Mining has struck a friendly merger agreement with TSX-listed eCobalt. Under the terms of the agreement, each eCobalt share will be exchanged for 1.65 common shares in Jervois, representing an implied offer price of C$0.36 a eCobalt share. 

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