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Kidman and SQM ‘firmly committed’ to WA lithium venture

By: Mariaan Webb     17th September 2018 Joint venture (JV) partners Kidman Resources and Sociedad Quimica y Minera de Chile (SQM) have confirmed their commitment to the Mt Holland lithium project, in Western Australia, despite a recommendation that Kidman’s request to be exempt from minimum expenditure obligations over certain... 

Urquhart still on the radar

By: Esmarie Swanepoel     12th September 2018 An updated prefeasibility study (PFS) into the Urquhart bauxite project, in Queensland, has confirmed the low capital cost requirements for the project development. The PFS estimated that a capital injection of A$2.2-million would be required to develop Urquhart to produce some 1.5-million... 

Toro tips cost savings at Wiluna

By: Esmarie Swanepoel     12th September 2018 Uranium developer Toro Energy has flagged the potential for significant cost reductions at its Wiluna uranium project, in Western Australia, following leach testing results. The ASX-listed company on Wednesday said that the leach testing results far exceeded expectations with efficiencies, pulp... 

Australian Potash gets licence for Lake Wells

By: Esmarie Swanepoel     12th September 2018 ASX-listed Australian Potash has been granted a mining lease at its Lake Wells sulphate of potash (SOP) project, in Western Australia. “This is a major milestone on the approvals pathway and a significant step towards completion of the definitive feasibility study,” said Australian potash MD... 

Northern Star backs Venturex plans

By: Esmarie Swanepoel     12th September 2018 Junior Venturex Resources has struck a deal with shareholder Northern Star Resources which will see the gold miner advance a A$2-million unsecured loan for the definitive feasibility study (DFS) on the Sulphur Springs copper/zinc project, in Western Australia. The unsecured loan will have a 12... 

ACCC gives green light for A$13bn APA takeover

By: Esmarie Swanepoel     12th September 2018 The Australian Competition and Consumer Commission (ACCC) on Wednesday said that it would not oppose A$13-billion takeover of infrastructure group APA Group. The directors of the company in August unanimously recommended the A$11 a share takeover offer from a consortium led by CK Infrastructure... 

Titan could earn into Peru gold

By: Esmarie Swanepoel     12th September 2018 ASX-listed junior Titan Minerals could potentially acquire an 85% interest in the Las Antas gold project, in Peru, after negotiations with a private Peruvian company. Subject to the execution of a formal binding earn-in agreement, Titan could earn an initial 60% interest in the project by... 

Further Australian LNG projects needed to keep prices in check

By: Esmarie Swanepoel     12th September 2018 New Australian liquefied natural gas (LNG) supplies will have to come on line by 2028 in order to forestall a shortage, advisory firm Wood Mackenzie (WoodMac) has forecast. “The Queensland LNG export projects have shattered the east coast’s ‘cheap gas forever’ mentality,” WoodMac director for... 

Altura finds another $15m for lithium project

By: Esmarie Swanepoel     11th September 2018 Lithium developer Altura Mining has secured an additional $15-million for its lithium project in the Pilbara, following an amendment deed with its existing loan note holders. “The additional funds will ensure the efficient ramp-up of commissioning towards nameplate capacity at the Altura lithium... 

Matsa starts mining at Red Dog

By: Esmarie Swanepoel     11th September 2018 Junior miner Matsa Resources has started mining at its Red Dog gold mine, in Western Australia. Red Dog is estimated to host a mineral resource of 368 000 t, at 2.2 g/t gold, for 26 300 oz of gold. 

Cobalt on the cards for CuDeco

By: Esmarie Swanepoel     11th September 2018 Copper miner CuDeco has entered into a memorandum of understanding with fellow-listed Cobalt Blue Holdings, allowing that company to conduct a due diligence to evaluate the applicability of its minerals processing technology to the cobalt-pyrite concentrate produced at the Rocklands mine, in... 

New Century starts slurry movement

By: Esmarie Swanepoel     11th September 2018 Based metals miner New Century Resources has started pumping zinc concentrate along the slurry pipeline to its port facility in Karumba. The company on Tuesday said that the operation of the slurry pipeline was another important milestone for New Century, with the saleable zinc concentrate... 

Kingston takes 70% stake in Masima

By: Esmarie Swanepoel     11th September 2018 Junior Kingston Resources has increased its ownership in the 2.8-million ounce Masima gold project, in Papua New Guinea, after completing its expenditure requirements. Kingston has now increased its interest in the project from 49% to 70% with joint venture partner Pan Pacific Copper holding... 

Prospect secures $10m more for Zimbabwe project

By: Esmarie Swanepoel     11th September 2018 Lithium developer Prospect Resources has secured a $10-million export finance facility from the Reserve Bank of Zimbabwe, which the company said will be used to meet development costs for its Arcadia lithium mine. The facility, which was issued to Prospect’s Zimbabwean subsidiary, will have a... 

Ausenco leads the charge to address slurry pipeline failure rates

By: Esmarie Swanepoel     11th September 2018 Consulting, engineering and project delivery firm Ausenco has organised the first, focused pipeline user’s symposium, to be held in Santiago, Chile, at the end of October, to discuss a framework to address the high mean failure rate of slurry pipelines. Ausenco VP for pipeline consulting, JP... 

Metalicity advances Canadian spin-out

By: Esmarie Swanepoel     11th September 2018 ASX-listed Metalicity has completed the sale of its Admiral Bay zinc project and the Lennard Shelf zinc project to its Canadian subsidiary Kimberley Mining, with the prospectus for the subsidiary being finalised for a TSX-V listing in the December quarter. Metalicity on Tuesday said that it had... 

Thiess wins Nickel West contract

By: Esmarie Swanepoel     10th September 2018 Mining services provider Thiess has been awarded a A$190-million underground mining contract for the Leinster project, in Western Australia, from BHP’s Nickel West division. The contract would span a minimum of 24 months, and will include the provision of a full range of underground mining... 

Syndicated reports maiden resources at Monument

By: Esmarie Swanepoel     10th September 2018 ASX-listed Syndicated Metals has reported a maiden Joint Ore Reserves Committee compliant resource of 855 000 t, at 1.8 g/t gold for 50 000 oz of contained gold at the Korong deposit, at its Monument gold project, in Western Australia. The company on Monday said that the initial inferred mineral... 

Palmer plans power station for Galilee project

By: Esmarie Swanepoel     10th September 2018 Mining personality and chairperson of Waratah Coal, Clive Palmer, has announced plans for the company to build a new A$1.54-billion coal-fired power station in Queensland’s Galilee Basin. The proposed 700 MW high efficiency low emission ultra-supercritical power station would be established on... 

On-The-Air (07/09/2018) 

By: Martin Creamer     7th September 2018 The planned imposition of carbon tax on South Africa’s smelters is going to put thousands of people out of work and lose South Africa billions of rands in lost export revenue. The promising new gold recovery project on the Far West Rand is another example of the private sector working together... 

European Lithium raises funds to advance DFS

By: Esmarie Swanepoel     7th September 2018 ASX-listed European Lithium has secured a finance facility of up to A$10-million to fast-track the completion of a definitive feasibility study (DFS) on its Wolfsberg lithium project, in Austria. “Securing the funding provides the company an opportunity to fast-track completion of the DFS with... 

Thor hopes to kickstart US tungsten production

By: Esmarie Swanepoel     7th September 2018 A scoping study into the Pilot Mountain tungsten project, in Nevada, has found that the project could support a yearly throughput of 650 000 t over a 12-year operational life to generate 1 000 t/y of scheelite in concentrate, ASX- and Aim-listed Thor Mining said on Friday. The Desert Scheelite... 

Santos completes divestment of noncore assets

By: Esmarie Swanepoel     7th September 2018 Oil and gas major Santos has completed the $221-million sale of its non-core Asian portfolio of assets to Ophir Energy. The deal was struck in May of this year, and would see Santos divest of its 31.87% interest in the Chim Sao and Dua oilfields, in Vietnam, the 67.5% interest in the Maleo and... 

Peel raises funds to advance projects, buy royalty

By: Esmarie Swanepoel     7th September 2018 ASX-listed Peel Mining will raise A$12.3-million to fund a maiden Joint Ore Reserves Committee compliant resource at the Wagga Tank project, advance its Mallee Bull project towards production, and complete the acquisition of a 2% net smelter royalty over the Wagga Tank project. The company has... 

Collins added to South32 lead team

By: Esmarie Swanepoel     7th September 2018 Diversified miner South32 has appointed Simon Collins as chief development officer, accountable for exploration, portfolio strategy, business development, and acquisitions and divestments. Collins will also continue to oversee the study phase of the Hermosa base metals project, in the US. 

Red 5 enters into gold loan facility

By: Esmarie Swanepoel     7th September 2018 Gold miner Red 5 has entered into a gold loan facility of 5 015 oz with Malaysia-based investment fund Asian Investment Management Services. The gold will be made available in one tranche, with the facility to have a term of 12 months, and will be secured by a security interest in Red 5’s... 

Emmerson hopes to fast-track Tennant Creek

By: Esmarie Swanepoel     6th September 2018 The share price of Emmerson Resources rose by 6% on Thursday as the company revealed a strategic alliance with Territory Resources, that could fast-track gold production at the Tennant Creek operations. Under the strategic alliance agreement, Territory Resources will subscribe for A$2-million new... 

Lynas reports first profits

By: Esmarie Swanepoel     6th September 2018 Rare earths miner Lynas has reported its first net profits after tax for the full year ended June, while earnings before interest, tax, depreciation and amortization (Ebitda) also increased significantly. Net profit after tax for the financial year reached A$53.1-million, compared with a loss of... 

Adani-owned Abbot Point Bulkcoal faces A$2.7m fine

By: Esmarie Swanepoel     6th September 2018 The Queensland environmental regulator will be taking further action against a subsidiary of Indian major Adani over an unauthorised discharge of sediment water from the Abbot Point coal terminal during Cyclone Debbie, in 2017. It is alleged that Abbot Point Bulkcoal (APBC) discharged sediment... 

Pantoro raises funds for growth strategy

By: Esmarie Swanepoel     6th September 2018 ASX-listed gold miner Pantoro will raise A$15-million to fund its growth strategy. An initial A$13-million has been raised through a share placement to professional and sophisticated investors, priced at 20c a share, with a subsequent share purchase plan (SPP) expected to raise a further... 

Northern Territory’s 5-point plan to build a gas industry

By: Esmarie Swanepoel     6th September 2018 The Northern Territory government has revealed a five-point gas strategy to drive its vision of creating a world-class hub for gas production, manufacturing and services, by 2030. The strategy will be aimed at getting more liquefied natural gas (LNG) in Darwin, and expand the Darwin LNG export... 

OreCorp eyes full ownership of Nyanzaga

By: Esmarie Swanepoel     6th September 2018 The Tanzanian Fair Competition Commission has backed ASX-listed OreCorp’s plans to gain a majority interest in the Nyanzaga gold project. OreCorp in July this year exercised its option to gain a 51% interest in the gold project after gaining an initial 25% interest in the project by spending... 

Geko gold sold to Northern Star

By: Esmarie Swanepoel     6th September 2018 Newly listed Coolgardie Minerals has entered into an ore sales agreement with gold miner Northern Star Resources over the sale of the first 100 000 t of oxide ore produced from its Geko gold mine, in Western Australia. Mining at Geko started at the end of August this year, and the project is... 

Qld seeks public input on A$1bn coking coal mine

By: Esmarie Swanepoel     6th September 2018 The Queensland government has called for public comment on the proposed A$1-billion Olive Downs coal mine, releasing its draft environmental impact statement (EIS). Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said on Thursday that the proposed project... 

BHP buys into Ecuador copper project with SolGold stake

By: Esmarie Swanepoel     5th September 2018 Diversified miner BHP has struck a deal with TSX-listed Guyana Goldfields (GGI) to acquire its 6.1% interest in SolGold, which is the majority owner and operator of the Cascabel porphyry copper/gold project, in Ecuador. Under the terms of the agreement, BHP will acquire GGI's entire stake of... 

Altura cuts the ribbon at Pilgangoora

By: Esmarie Swanepoel     5th September 2018 Lithium developer Altura Mining on Wednesday officially opened its Pilgangoora lithium project, in Western Australia. MD James Brown told shareholders that the opening marked a significant event in the evolution of Altura, with the mine opened in just 18 months from the start of construction. 

Consolidated Zinc starts mining in Mexico

By: Esmarie Swanepoel     5th September 2018 ASX-listed Consolidated Zinc will immediately start mining at its Plomosas zinc/lead/silver project, in Mexico, after inking a processing and offtake agreement with Grupo Mexico. Under the terms of the agreement, Grupo Mexico will process Plomosas ore through its plant at Santa Eulalia, and sell... 

Appea blasts South Australian decision

By: Esmarie Swanepoel     5th September 2018 The Australian Petroleum Production and Exploration Association (Appea) has condemned the South Australian government’s decision to support a bill to legislate a decade-long moratorium on hydraulic fracturing (fracking) in the state’s Limestone Coast region. “It is disappointing to see the state... 

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