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Australasia

The Simberi operation in Papua New Guinea
Value proposition for St Barbara lies in Canada, PNG development projects
31st October 2023 By: Mariaan Webb

Gold miner St Barbara has made rapid progress advancing its Canada and Papua New Guinea development projects to a point where development decisions can be made in 2024, CEO and MD Andrew Strelein... 


Northern Minerals delays AGM on China influence concern
31st October 2023 By: Reuters

Australian rare earths miner Northern Minerals has pushed back a shareholder meeting to allow regulators time to assess whether a Chinese national nominated to the board by top shareholder Yuxiao... 


A diamond mine operated by Alrosa
G7 plan to ban Russian diamonds to further dim industry sparkle
31st October 2023 By: Reuters

The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of... 


Lepidico reruns lithium project economics
30th October 2023 By: Mariaan Webb

Australia-listed Lepidico has rerun the economics of its Phase 1 project, comprising a mine in Namibia and a chemical conversion plant in Abu Dhabi, to reflect prevailing lithium price forecasts... 


Galena stock sinks on updated guidance
30th October 2023 By: Mariaan Webb

The share price of Galena Mining hit a low on Monday, as the company released its latest quarterly results and announced an updated guidance for the 2023 calendar year. The base metals junior,... 


Ora Banda inks $45m lithium JV with Wesfarmers
Ora Banda inks $45m lithium JV with Wesfarmers
30th October 2023 By: Mariaan Webb

Gold producer Ora Banda Mining on Monday announced a farm-in agreement with a subsidiary of Wesfarmers to sell a large portion of its mineral rights, other than gold, on the Davyhurst tenement... 


Base to close down Kwale operations in December 2024
30th October 2023 By: Marleny Arnoldi

Dual-listed mineral sands producer Base Resources has advised that its mining operations at the Kwale project, in Kenya, will cease in December 2024 as per the mine plan. Although the company... 


Perseus chair steps down in November
30th October 2023 By: Marleny Arnoldi

Dual-listed Perseus Mining has announced chairperson and nonexecutive director Sean Harvey will step down from these positions effective November 21 when the company hosts its yearly general... 


Lithium dividends help drive IGO free cash flow
Lithium dividends help drive IGO free cash flow
30th October 2023 By: Mariaan Webb

Despite a weaker performance from the IGO nickel operations, acting CEO Matt Dusci said the mining company had kicked off the 2024 financial year with a strong start, helped by dividends from its... 


Glencore chrome ore conveyance.
Full-year Glencore production guidance remains largely in line
30th October 2023 By: Martin Creamer

Full-year 2023 production guidance of London- and Johannesburg-listed diversified mining and marketing company Glencore remains largely in line with previous guidance. An exception is nickel,... 


Sayona marks record quarter as NAL ramp up continues
Sayona marks record quarter as NAL ramp up continues
30th October 2023 By: Mariaan Webb

Lithium producer Sayona Mining has generated first profit for the North American Lithium (NAL), in Quebec, following maiden shipments in the September quarter. Three vessels loaded with spodumene... 


Australia's AVZ Minerals to file arbitration over contested Congo lithium mine
30th October 2023 By: Reuters

Australia's AVZ Minerals on Monday said it plans to file an emergency arbitration application, seeking injunctive relief against Cominiere to prohibit any transaction related to the contested... 


WA’s net zero ambitions need urgent actions, says CME
30th October 2023 By: Creamer Media Reporter

Some of Western Australia’s biggest and most strategic resource projects are at risk owing to uncertainty as to whether the state’s new low emissions, reliable and cost-competitive energy system... 


Australia says EU trade deal is likely years away after rejecting terms
30th October 2023 By: Reuters

Australia has rejected European Union proposals for a free trade agreement, and a deal is now unlikely to be reached for several years, Australian government ministers said on Monday. The... 


Hedge funds pile into uranium stocks poised for ‘dramatic’ gains
Hedge funds pile into uranium stocks poised for ‘dramatic’ gains
30th October 2023 By: Bloomberg

Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains. Terra Capital’s Matthew Langsford, Segra Capital’s Arthur Hyde and... 


The world’s iron-ore powerhouse is preparing to reinvent itself
The world’s iron-ore powerhouse is preparing to reinvent itself
29th October 2023 By: Bloomberg

Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron-ore, ready to be poured into a procession of bulk carriers... 


US-focused lithium explorer lists on ASX
27th October 2023 By: Mariaan Webb

Mineral exploration company Chariot on Friday started trading on the ASX, following the successful completion of an initial public offering (IPO), raising A$9-million. At the IPO issue price of... 


Arc Minerals chairperson Nick von Schirnding
Anglo, Arc agree $90m Zambia exploration joint venture
27th October 2023 By: Martin Creamer

London Aim-listed Arc Minerals on Friday closed out a joint venture (JV) agreement with Anglo American in a deal worth $90-million. Parties have completed the subscription of shares in the JV... 


Elmore’s third magnetite shipment sets sail for China
27th October 2023 By: Creamer Media Reporter

ASX-listed Elmore’s third shipment of magnetite concentrate has departed from the Port of Darwin, the company reported on Friday. The shipment of 30 000 wet metric tonnes is sailing to China to be... 


Danakali aims to distribute $108m to shareholders following Colluli sale
27th October 2023 By: Marleny Arnoldi

ASX-listed Danakali has confirmed it will distribute 90% of the Colluli Potash project sale proceeds in January next year, following the sale of the project, which is located in Eritrea, in the... 


FCEVs to reach 1.5m units by 2030
27th October 2023 By: Darren Parker

Fuel cell electric vehicles (FCEVs) are poised for rapid growth and are expected to reach nearly 1.5-million units globally by 2030, according to the World Platinum Investment Council (WPIC). 


Anglo American projects and development director Alison Atkinson.
Finland may be site of Anglo’s next greenfield mining project
27th October 2023 By: Martin Creamer

Sakatti, with its metal concentrations of platinum group metals (PGMs), copper, nickel, cobalt, and others, may be the site of the next greenfield project of diversified Johannesburg- and... 


BHP Australia iron-ore rail workers approve industrial action plans - ballot results
27th October 2023 By: Reuters

Nearly 350 BHP iron-ore rail workers in Australia, including train drivers, have approved industrial action plans that could include work stoppages of up to 24 hours due to disputes over pay and... 


China’s Shenghe takes stake in troubled Vital
China’s Shenghe takes stake in troubled Vital
27th October 2023 By: Mariaan Webb

China-based rare earths company Shenghe Resources has agreed to take a cornerstone stake in troubled rare earths developer Vital Metals, which owns the Nechalacho project in Canada’s Northwest... 


Gina Rinehart
Hancock acquires 18% stake in SQM takeover target Azure
27th October 2023 By: Mariaan Webb

Hancock Prospecting, a company controlled by Australian billionaire Gina Rinehart, has taken an 18% interest in Azure Minerals, the company reported on Friday. This comes a day after Chilean... 


Welborn steps down as Equatorial MD and CEO
27th October 2023 By: Creamer Media Reporter

John Welborn will step down as MD and CEO of Australia-based Equatorial Resources in late November, the company reported on Friday. Equatorial notes that Welborn will remain in his role as... 


The North Goonyella mine in Australia
Peabody adds $109m to North Goonyella capex, acquires adjacent deposit
26th October 2023 By: Mariaan Webb

US-based coal miner Peabody Energy has approved a further $109-million for capital expenditure (capex) at its North Goonyella mine, a hard-coking coal longwall operation in Australia, and agreed to... 


MRC seeks to raise up to A$15m
26th October 2023 By: Mariaan Webb

ASX-listed Mineral Commodities (MRC) has announced plans for a A$15-million capital raise to invest in its South Africa mineral sands operation and to fund the funds its battery minerals division.... 


Wildcat strengthens leadership team with development and financing capabilities
26th October 2023 By: Creamer Media Reporter

Exploration company Wildcat Resources has strengthened its executive team by adding a mine developer and an experienced mining production company CFO to complement its existing team as it... 


Critical Metals secures additional equity investment for Wolfsberg
26th October 2023 By: Mariaan Webb

Critical Metals Corp (CRML), the entity to be formed through European Lithium’s business combination with Sizzle Acquisition, has secured an additional $10-million equity investment for the... 


South32 annual general meeting.
South32 continuing to investigate reducing Hillside Aluminium’s emissions intensity
26th October 2023 By: Martin Creamer

The long-term energy transition solutions on which South32 is focused are renewable energy and electrification. The Sydney-, Johannesburg- and London-listed diversified mining company has... 


Bloom Lake expansion delivers for Champion Iron
Bloom Lake expansion delivers for Champion Iron
26th October 2023 By: Mariaan Webb

The Bloom Lake mine, in Quebec, is starting to realise its full potential with production reaching its expanded nameplate capacity of 15-million tonnes a year in the last 30 days, TSX- and... 


Australian Prime Minister Anthony Albanese visited Washington and met with President Joe Biden this week.
US, Australia consider tapping public finance vehicles for critical mineral projects
26th October 2023 By: Bloomberg

The US Export-Import Bank is being eyed as a venue for boosting investment in Australian critical minerals development to supply components needed in electric vehicles, wind turbines and other... 


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