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Consolidated Tin Mines adds to war chest

By: Esmarie Iannucci     22nd May 2019 Junior Consolidated Tin Mines has raised an additional A$4-million through a share placement to a new international investor. The placement to Chinese investor Tiesong Duan was in addition to the placement to Wealth Pointer Global, which took place in April this year and raised A$20.99-million.  

Neometals updates vanadium DFS at Barrambie

By: Esmarie Iannucci     22nd May 2019 A revised definitive feasibility study (DFS) into the Barrambie vanadium/titanium/magnetite project, has confirmed a vanadium production pathway, with owner Neometals now hoping to focus on extracting value from the titanium resource. The revised DFS estimated that Barrambie, in Western... 

Lithium Australia declares vanadium resource

By: Esmarie Iannucci     22nd May 2019 ASX-listed Lithium Australia has reported a maiden vanadium resource of 185-million tonnes, at 0.33% vanadium oxide for its Youanmi project, in Western Australia. Lithium Australia said that the maiden resource estimate comprised an oxide resource o 96-million tonnes, at 0.34% vanadium oxide,... 

Qld Premier ‘sick’ of Adani delays

By: Esmarie Iannucci     22nd May 2019 Queensland Premier Annastacia Palaszczuk has instructed the Coordinator-General to set a timetable for the resolution of two outstanding approvals for Indian major Adani’s proposed Carmichael coal mine, saying she was “sick” of the delays. “The community is sick of it, I’m sick of it, everyone... 

Glencore and First Cobalt team up to restart refinery

By: Esmarie Iannucci     22nd May 2019 Diversified miner Glencore has thrown its support behind the restart of dual-listed First Cobalt’s refinery in Ontario. The two companies have signed a memorandum of understanding (MoU) to supply cobalt feedstock and financing to recommission the First Cobalt refinery, with First Cobalt and... 

BHP keen on more copper, nickel sulphide and oil

By: Esmarie Iannucci     22nd May 2019 Mining major BHP on Wednesday laid out its near-term plans for investors, saying that the company would look to add “options” in copper, nickel sulphides and oil. Speaking to investors, CFO Peter Beaven that BHP analysed a number of scenarios to ensure that the company’s portfolio was resilient... 

Fortescue approves $287m Queens Valley development

By: Esmarie Iannucci     22nd May 2019 Iron-ore miner Fortescue Metals has approved a $287-million spend on the Queens Valley mine area, at its Solomon Hub in the Pilbara. The development of Queens would maintain the production of the low alumina Kings Fines product, and was consistent with the company’s strategy of optimising... 

BHP polishes EV penetration forecast

By: Esmarie Iannucci     21st May 2019 Mining major BHP has polished its forecast for the uptake of electric vehicles (EVs) and what impact the shift to electric mobility will have on the copper and oil markets over the coming decades. The diversified mining company, which last week reaffirmed its commitment to supply the EV markets,... 

Nickel Mines finds funding, amends Ranger deal

By: Esmarie Iannucci     21st May 2019 ASX-listed Nickel Mines has secured an $80-million funding package from Decent Investment International Private, an associate of the company’s operating partner Shanghai Decent Investment, to fund its increased stake in the Ranger nickel project, in Indonesia. Nickel Mines in April this year... 

Lynas to set up plant in WA as it abandons plans for Malaysia facility

By: Esmarie Iannucci     21st May 2019 Rare earths miner Lynas on Tuesday told shareholders that it would relocate a planned processing facility from its Kuantan operations in Malaysia, to its operations in Western Australia. Speaking at an investor conference, CEO and MD Amanda Lacaze noted that the cracking and leaching facility... 

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