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Sierra Rutile resumes operations

By: Esmarie Iannucci     31st October 2018 Mineral sands miner Iluka Resources has restarted mining operations at its Sierra Rutile project, in Sierra Leone, following illegal strike actions at the operation. Iluka told shareholders that that the company had engaged with the United Mineworkers’ Union and the government of Sierra Leone,... 

Queensland gets tough on mine safety, gives inspectors more power

By: Esmarie Iannucci     31st October 2018 The Queensland Parliament has backed changes to the Coal Mining Safety and Health Act, and the Mining and Quarrying Safety and Health Act, giving the state’s mine inspectors more power to directly take action on health and safety issues. The amendments to the legislation will see miners face... 

Gold production starts at Geko

By: Esmarie Iannucci     31st October 2018 Gold ore production has started at the Geko project, in Western Australia. ASX-listed Coolgardie Minerals on Wednesday announced that the sale of the oxide ore will start in mid-November under a sales agreement with gold miner Northern Star. 

Santos continues Southern Amadeus farm-in

By: Esmarie Iannucci     31st October 2018 Oil and gas major Santos has informed fellow listed Central Petroleum that it would proceed with Stage 3 of the Southern Amadeus farm-in, after completing seismic works as part of the Stage 2 farm-in. Following the Stage 3 investment, Santos’ share in the EP112 permit will increase to 70%.  

TPP-11 to give Australian resources a major boost – Minerals Council

By: Esmarie Iannucci     31st October 2018 PERTH (miningweekly.com) – The Australian government has ratified the Trans-Pacific Partnership (TPP-11) trade agreement, a move that has been welcomed by the resources sector. Australia is the sixth country to ratify the agreement, meaning it can now enter into force on December 30, with... 

Blackham increases Matilda-Wiluna reserves

By: Esmarie Iannucci     31st October 2018 ASX-listed Blackham Resources has reported a 27% increase in its gold reserves at the Matilda-Wiluna operation, in Western Australia. The reserve is now estimated at 26-million tonnes, grading 1.8 g/t gold for 1.53-million ounces of gold, while the free milling ore reserve has increased to 550... 

Victoria poised for new resource boom

By: Esmarie Iannucci     31st October 2018 Victoria’s mineral sector is expected to boom, with Resources Minister Tim Pallas this week announcing mining license extensions at two gold projects, and promising the release of further land for minerals exploration. Speaking at the International Mining and Resources Conference (IMARC) in... 

NT govt looks at amending enviro legislation

By: Esmarie Iannucci     31st October 2018 The Northern Territory government will amend provisions in the proposed new environmental impact assessment and approval system, in response to concerns raised by industry. Earlier this month the government released the draft Environment Protection Bill and draft Regulations for eight weeks of... 

Epiroc affirms its automation expertise with unveiling of new Regional Application Centre

30th October 2018 Epiroc proudly introduces its new Regional Application Centre (RAC), which aligns with the OEM’s ongoing focus on meeting customers’ growing pursuit to elevate uptime, boost productivity, improve safety and shrink operating costs through the implementation of technology. Based in five key cities... 

TNG signs another LoM offtake

By: Esmarie Iannucci     30th October 2018 Strategic metals company TNG has signed a binding term sheet with Switzerland-based speciality chemicals distributor DKSH, to purchase all the titanium dioxide pigment produced at the Mount Peake vanadium/titanium/iron project, in the Northern Territory. TNG MD Paul Burton said on Tuesday that... 

Bird-in-Hand to cost $34m

By: Esmarie Iannucci     30th October 2018 A scoping study into the Bird-in-Hand gold project, in South Australia, has found that the project could produce some 47 000 oz of gold and 22 000 oz of silver a year, over a five-year mine life. ASX-listed Terramin Australia told shareholders on Tuesday that the scoping study estimated that a... 

Tiris tipped for 2020 start

By: Esmarie Iannucci     30th October 2018 The Tiris uranium project, in Mauritania, is still expected to start production in 2020, ASX-listed Aura Energy said, with the company currently progressing a definitive feasibility study (DFS). A 2014 scoping study estimated that the project would require a capital investment of $45-million,... 

Deflector tips the scales for Doray

By: Esmarie Iannucci     30th October 2018 Gold miner Doray Minerals has reported record production from its Deflector operation, in Western Australia, during the three months to September. Some 19 683 oz of gold and 635 t of copper was produced during the three months under review, up from the 18 467 oz of gold produced during the June... 

Rio CEO says mining industry has to reinvent itself 

By: Esmarie Iannucci     30th October 2018 Diversified miner Rio Tinto has called for a reinvention of the resources industry, in order to fit into a modern world. Speaking at the International Mining and Resources Conference (IMARC) in Melbourne, Rio CEO Jean-Sebastian Jacques said on Tuesday that the resource industry’s vision had to be... 

Evolution's decline development approved

By: Esmarie Iannucci     26th October 2018 Gold miner Evolution Mining has been given approval by the New South Wales Department of Planning and Environment (DPE) to start construction of the Galway-Regal-E46(GRE46) exploration decline at its Cowal operation. Evolution will spend between A$20-million and A$22-million over 2019 and 2020... 

St Barbara adds to hedgebook

By: Esmarie Iannucci     26th October 2018 ASX-listed gold miner St Barbara has forward sold 50 000 oz of gold at a price of A$1 809/oz, with the gold to be delivered in monthly installments from January to December 2020. The miner currently has 68 000 oz of forward gold sales contracts that will be delivered between November this year... 

Cokal warns of possible fraud

By: Esmarie Iannucci     26th October 2018 Coal miner Cokal has flagged possible financial irregularities and fraudulent activities that could have impacted the company’s financial statements for the 2018 financial year. The ASX-listed miner on Friday said that the company’s board was currently investigating the irregularities and... 

Hatches Creek sale stalls

By: Esmarie Iannucci     26th October 2018 ASX-listed Tungsten Mining and fellow listed GWR Group have encountered difficulties with the sale of the Hatches Creek tungsten project, in the Northern Territory. The two companies in September struck an agreement under which Tungsten Mining would acquire the project for A$8.68-million. 

Universal offer one step closer

By: Esmarie Iannucci     26th October 2018 South Africa-focused coal miner Universal Coal on Friday told shareholders that a possible takeover offer from a consortium of investors, led by privately held Ata Resources, was one step closer. In September this year, Universal received a conditional, non-binding indicative offer from Ata, of... 

Havilah secures contingency cash

By: Esmarie Iannucci     26th October 2018 Junior metals developer Havilah Resources has secured a A$6-milion standby facility from Invetec, which the company would use as a contingency measure to manage cash flow over the next 12 months as work is completed on permitting for its North Portia gold project. Havilah is due to receive... 

Bellevue raises A$15m for exploration

By: Esmarie Iannucci     26th October 2018 ASX-listed junior Bellevue Gold has raised A$15-million through the placement of some 45-million shares, at a price of 34c each. The offer price represented a discount of 5.6% to the company’s last closing price on October 24, and the offering was conducted under Bellevue’s existing capacity. 

Mining still booming in Oz - ABS

By: Esmarie Iannucci     26th October 2018 The Australian economy reached over A$1.8-trillion in 2017/18, reflecting a 2.8% increase, new data by the Australian Bureau of Statistics (ABS) said. “Australia has now recorded its 27th consecutive year of economic growth and is performing above the 10 year average growth of 2.6%,” said ABS... 

Aura says Häggån IPO to be delayed to 2019

By: Mariaan Webb     25th October 2018 Dual listed Aura Energy said on Thursday that plans to spin out its Swedish vanadium operation remained intact, but that the anticipated initial public offering (IPO) of the Häggån vanadium project would be delayed to early 2019. The miner explained that it wanted to complete a scoping study on... 

Strong interest received for South32’s South African energy coal assets 

By: Esmarie Iannucci     25th October 2018 Diversified miner South32 has received nearly 40 expressions of interest for its energy coal assets in South Africa. Speaking on the sidelines of the company’s annual general meeting, South32 CEO Graham Kerr told Mining Weekly Online that, while the talks thus far have been confidential, the... 

Lynas’ NEXT project starts to deliver as Sept quarter output rises

By: Esmarie Iannucci     25th October 2018 Rare earths developer Lynas has reported record production for the three months to September 30, while revenue increased by 15.2% on the previous quarter. Neodymium and praseodymium (NdPr) production for the quarter reached a record 1 579 t, up 9.1% on the June quarter. 

Bald Hill JV ships first tantalum

By: Esmarie Iannucci     25th October 2018 The Bald Hill joint venture (JV) partners have sold the first tantalum concentrate produced at the project, in Western Australia. ASX-listed Tawana Resources and JV partner Alliance Mineral Assets will sell some 20 t to 30 t of high-grade tantalum concentrate to HC Starck Tantalum and Niobium,... 

Atlas Sept quarter iron-ore shipments down 10%

By: Esmarie Iannucci     25th October 2018 Iron-ore miner Atlas Iron has reported another tough quarter in the three months to September, with iron-ore shipments declining from the 2.1-million tonnes in the June quarter, to 1.9-million tonnes. Atlas in late July this year suspended crushing activities at its Mt Dove operation, in the... 

South Africa’s IDC invests R100m in Lucapa’s Lesotho mine

By: Esmarie Iannucci     25th October 2018 Diamond miner Lucapa Diamond Company has secured a R100-million development facility from the Industrial Development Corporation of South Africa (IDC) for its Mothae kimberlite diamond mine, in Lesotho. The facility will span a four-year period, and will include a 12-month moratorium on capital... 

Fortescue high-grade shipments to start in December

By: Esmarie Iannucci     25th October 2018 Iron-ore major Fortescue Metals’ optimised product strategy has delivered results in the three months to September, with the miner reporting higher average realised prices for its product. The company, which has been hit by a shift from Chinese steel mills’ to higher grade iron-ore., on Thursday... 

Growth-fuelled Sept quarter keeps Northern Star on track

By: Esmarie Iannucci     25th October 2018 Gold miner Northern Star Resources has started its 2019 financial year strong, reporting production of 207 600 oz of gold in the three months to September. The production performance was a 13% increase on the 183 949 oz produced in the previous quarter, with the miner telling shareholders on... 

Sandfire reports steady Sept quarter production results

By: Esmarie Iannucci     25th October 2018 Copper/gold miner Sandfire Resources has reported solid September quarter results, with copper production remaining steady at 17 924 t, compared with 17 867 t in the June quarter. Gold production over the same period increased from 9 548 oz to 11 141 oz.  

Cobalt Blue shares knocked on Thackaringa delay, ownership decision

By: Esmarie Iannucci     25th October 2018 The share price of ASX-listed Cobalt Blue fell by 25% on Thursday following the company’s decision to delay the development of the Thackaringa cobalt project, in South Australia, and to maintain a 70% interest in the project rather than working towards full ownership. Following the completion of... 

Strike Energy raises A$13m

By: Esmarie Iannucci     24th October 2018 ASX-listed Strike Energy has received binding commitments from institutional and professional investors to successfully raise A$13-million through a share placement. More than 113-million shares will be issued at a price of 11.5c each under the company’s existing placement capacity. 

Newcrest reports y/y increase in Q1 production

By: Esmarie Iannucci     24th October 2018 Gold miner Newcrest Mining reported a 5% increase in production for the quarter ended September 30, compared with the previous corresponding period, but output fell by 14% when compared with the June 2018 quarter Gold production in Newcrest’s first quarter reached 548 000 oz and the... 

Mahenge graphite DFS results unveiled

By: Esmarie Iannucci     24th October 2018 A definitive feasibility study (DFS) into the Mahenge graphite project, in Tanzania, has increased the capital cost of the project, while both the estimated net present value (NPV) and internal rate of return (IRR) have dropped. ASX-listed Black Rock Mining on Wednesday revealed that the Phase 1... 

Independence invests A$51m in exploration

By: Esmarie Iannucci     23rd October 2018 Diversified miner Independence Group will spend A$51-million on discovery expenditure in the 2019 financial year, MD and CEO Peter Bradford said on Tuesday. Speaking to the Australian Nickel conference, Bradford said that some A$33-million of this funding would go towards greenfields... 

Black Mountain sees exploration potential at Lanfranchi

By: Esmarie Iannucci     23rd October 2018 Privately held Black Mountain Metals on Tuesday told delegates at the Australian Nickel conference, in Perth, that the company would focus on exploring its recently-acquired Lanfranchi nickel operation, in Western Australia, before planning a restart. Black Mountain in September acquired the... 

Newcrest looking to boost automation and AI with Tata partnership

By: Creamer Media Reporter      23rd October 2018 Gold miner Newcrest Mining is looking to enhance the use of automation and artificial intelligence across its operations, announcing on Tuesday the creation of an Innovation and Digital Operations Center (IDOC) in India. Newcrest has signed a collaboration agreement with information technology... 

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