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Australasia

Power restored to CSA copper mine
4th March 2024 By: Creamer Media Reporter

The CSA copper mine, in New South Wales, has lost three days of production, after a nearby storm damaged the main 132 kVA power line to the mine on Thursday evening. All grid power was out to the... 


Foulis steps down as Pacific Nickel chair
4th March 2024 By: Creamer Media Reporter

Greg Foulis has stepped down as chairperson of the board of Pacific Nickel Mines, the ASX-listed company reported on Monday. Foulis advised the ASX-listed company that several personal issued... 


Singapore’s PEY to source $320m for Magnis’ Tanzania graphite project
4th March 2024 By: Creamer Media Reporter

After four months of diligence, Singapore-based PEY Capital has entered into an exclusivity period with Magnis Energy Technologies to source $320-million in funding for the Nachu graphite project,... 


S2 to sell Finland assets, providing cash for Australian exploration
4th March 2024 By: Creamer Media Reporter

Exploration company S2 Resources has signed a letter of intent to sell its Finland assets to Vancouver-based Outback Goldfields for C$7-million in cash and shares. The proposed transaction will... 


Recharge buys ‘highly sought-after’ Newnham Lake uranium project
4th March 2024 By: Creamer Media Reporter

Australia-listed Recharge Metals on Monday announced a binding agreement to acquire 100% of Newnham Lake uranium project in the Athabasca basin of Canada. “The ongoing collaboration between... 


Northam Platinum CEO Paul Dunne.
New solar farm being built in Limpopo, wind boost on way from W Cape – Northam
4th March 2024 By: Martin Creamer

Platinum group metals (PGMs) mining company Northam Platinum has begun construction of an 80 MW solar power farm at its Zondereinde operation in Limpopo – and the Johannesburg Stock Exchange-listed... 


Australian exploration trends shifting, impacting search for new deposits - Amec CEO
Australian exploration trends shifting, impacting search for new deposits - Amec CEO
4th March 2024 By: Creamer Media Reporter

While Australian mineral exploration expenditure reached a record high in 2023, statistics for the December quarter show that the trends are shifting to a decline in expenditure and metres drilled,... 


Lake Resources deepens cost-cutting actions
Lake Resources deepens cost-cutting actions
4th March 2024 By: Mariaan Webb

Lithium developer Lake Resources on Monday announced further cost reductions to extend its financial runway and better position the company to complete a strategic partner selection process for its... 


World-beating mining stock turns big loser thanks to China slump
World-beating mining stock turns big loser thanks to China slump
4th March 2024 By: Bloomberg

Iron-ore behemoth Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the company’s earnings growth and high exposure to slumping metal prices amid... 


Syrah inks binding Balama offtake with Posco
1st March 2024 By: Creamer Media Reporter

Australia’s Syrah Resources on Friday announced a binding offtake agreement with Korean battery materials group Posco Future M for natural graphite fines from the Balama mine, in Mozambique. The... 


Athena stock surges on Fenix funding support
1st March 2024 By: Creamer Media Reporter

Western Australia-focused Fenix Resources will subscribe for up to A$1-million in convertible notes of Athena Resources, gaining an opportunity for exposure to the Byro magnetite project, in the... 


Northam CEO Paul Dunne.
Platinum remains in fundamental deficit – Northam
1st March 2024 By: Martin Creamer

Platinum remains in fundamental deficit, Northam CEO Paul Dunne emphasised at the company’s presentation on Friday, which reported a strong performance from all group operations in the six months... 


Wolfsberg now Nasdaq-listed Critical Metals’ flagship asset
1st March 2024 By: Mariaan Webb

ASX-listed European Lithium has completed its business combination with Sizzle Acquisition to form Critical Metals, which started trading in the US earlier this week. The Wolfsberg lithium... 


A$30m in commitments for Ora Banda’s Davyhurst
1st March 2024 By: Mariaan Webb

ASX-listed Ora Banda has received commitments for a A$30-million capital raise to advance its Davyhurt project, in Western Australia’s Eastern Goldfields region. The company received commitments... 


Nickel may flip to deficit on Indonesia hurdles, Macquarie warns
Nickel may flip to deficit on Indonesia hurdles, Macquarie warns
1st March 2024 By: Bloomberg

The global nickel market could swing to a surprise deficit this year if growth in Indonesian output is constrained by slow mining permit approvals, according to Macquarie Group Ltd. While the... 


New Bloom Lake collective bargaining agreement ratified
1st March 2024 By: Creamer Media Reporter

Dual-listed Champion Iron has announced a new collective agreement with the unionised employees of its Bloom Lake operations, in Quebec, Canada. Unionised employees represented by Syndicat des... 


Paul Dunne
Northam declares cash dividend, boosts self-generation
1st March 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed mining company Northam Platinum on Friday declared a cash interim dividend after reporting strong performance from all group operations in the six months to the... 


Peninsula seals uranium supply deal with European buyer
Peninsula seals uranium supply deal with European buyer
1st March 2024 By: Mariaan Webb

ASX-listed Peninsula Energy has announced a new sales agreement for the supply of 1.2-million pounds uranium yellowcake from its Lance projects, in Wyoming, to European nuclear fuel buyer Synatom.... 


Centaurus defers Brazil downstream refinery study
Centaurus defers Brazil downstream refinery study
1st March 2024 By: Mariaan Webb

Amid a dramatic change in nickel market conditions over the past few months, Australia’s Centaurus Metals has deferred plans for a nickel sulphate refinery in Brazil and will instead focus on a... 


Implats group executive: refining and marketing Sifiso Sibiya.
Implats experiencing strong PGMs demand, working on pulling hydrogen uptake closer
1st March 2024 By: Martin Creamer

Platinum group metals (PGM) mining, refining, and marketing company Implats, which reported solid production in a low-price environment on Thursday, is ironically still experiencing strong demand... 


Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

A phased reduction in group output owing to a probable decline in production from Impala Canada and Mimosa in Zimbabwe is likely from platinum group metals (PGMs) mining and marketing company... 


Jupiter CEO Brad Rogers
Jupiter exceeds dividend policy with latest interim payout
29th February 2024 By: Marleny Arnoldi

ASX-listed Jupiter Mines has declared an interim dividend of A$0.01, after receiving a R142-million, or A$11-million, dividend from Tshipi é Ntle Manganese Mining. Jupiter will also receive... 


Lucapa posts full-year loss amid volatile market conditions
29th February 2024 By: Sabrina Jardim

In 2023, the global diamond market experienced a downturn and volatility and although the large, high-quality diamonds recovered from both its Lulo and Mothae operations achieved decent prices at... 


Centrex secures A$10m for Ardmore mine
29th February 2024 By: Mariaan Webb

Phosphates and potash company Centrex on Thursday announced credit approval from National Australia Bank (NAB) for a A$10-million secured financing package designated for the Ardmore mine, in... 


Arkansas Smackover project now under full Pantera ownership
29th February 2024 By: Creamer Media Reporter

Australia-listed Pantera Minerals on Thursday announced it had completed the acquisition of Daytona Lithium, handing it 100% ownership of the Superbird lithium brine project, in the lithium-rich... 


Honeymoon project to produce first drum of yellow cake this quarter
29th February 2024 By: Creamer Media Reporter

ASX-listed Boss Energy is set to produce its first drum of uranium from the Honeymoon project, in South Australia, this quarter, MD Duncan Craib reported on Thursday. This comes at the company... 


Anglo American's Africa and Australia Regional Director Themba Mkhwanazi.
Project finance clinched for 520 MW South African wind, solar projects – Anglo
29th February 2024 By: Martin Creamer

Johannesburg- and London-listed diversified mining and marketing company Anglo American announced on Thursday that jointly owned renewable energy venture with EDF Renewables, Envusa Energy, has... 


SSR retracts guidance for Çöpler, workers remain missing
SSR retracts guidance for Çöpler, workers remain missing
29th February 2024 By: Mariaan Webb

Vancouver-based SSR Mining has retracted its previously issued 2024 and long-term guidance forecasts for the Çöpler mine, in Türkiye, following a significant slip on the heap leach pad earlier this... 


Excess capacity to keep pressure on lithium prices, says SQM
Excess capacity to keep pressure on lithium prices, says SQM
29th February 2024 By: Mariaan Webb

New York- and Santiago-listed Sociedad Química y Minera de Chile (SQM) has posted a sharp drop in full-year earnings, despite lithium volumes reaching new record levels as spodumene concentrate... 


Implats CEO Nico Muller.
Low prices hit profitability of strongly producing Implats
29th February 2024 By: Martin Creamer

The significant decline in platinum group metal (PGM) prices during 2023 has resulted in notably lower group profitability, despite disciplined cost control across several operations, PGMs mining... 


BHP to restructure some global corporate roles as it looks to trim costs
BHP to restructure some global corporate roles as it looks to trim costs
29th February 2024 By: Reuters

The world's biggest listed miner BHP said on Thursday it was disbanding some global teams and transferring those roles covering functions including planning, environment and heritage protection to... 


Harmony Gold FD Boipelo Lekubo.
Green energy integrated into Harmony Gold operations, uranium surprises on upside
29th February 2024 By: Martin Creamer

Green electrons are being generated as planned at Harmony Gold’s 30 MW first phase of renewable energy generation, which is now fully integrated into the mining company’s Tshepong South and North... 


South32 CEO Graham Kerr
South32 exits coal with Australia’s Illawarra sale
29th February 2024 By: Mariaan Webb

Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that... 


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