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Strike called off at Wollongong mine

By: Esmarie Iannucci     17th January 2019 ASX-listed Wollongong Coal on Thursday told shareholders that the protected industrial action at its Wongawalli Colliery, in New South Wales, had come to an end. On January 11, contract workers at the project went on strike relating to proposed enterprise agreement between the labour hire... 

South32 delivers solid Q2 results; announces leadership shuffle 

By: Esmarie Iannucci     17th January 2019 Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of... 

Kingsrose gets final nod for Way Linggo

By: Esmarie Iannucci     16th January 2019 Gold miner Kingsrose Mining has secured the final approvals for its Way Linggo and Talang Santo openpit operations, after the Indonesian equivalent of an environmental impact assessment was approved by the Indonesian Ministry of Environment and Forestry. Kingsrose on Wednesday said that the... 

Ovoot to fill fat coal gap in China - Aspire

By: Esmarie Iannucci     16th January 2019 Coal developer Aspire Mining on Wednesday told shareholders that its Ovoot project, in Mongolia, could assist in addressing a projected 16-million- to 22-million-tonne shortage of fat coking coal in China, out to 2025. China’s ‘fat’ coal category encapsulates high fluidity coals with good plastic... 

Lucapa output rises on Mothae start

By: Esmarie Iannucci     16th January 2019 Diamond miner Lucapa Diamond Company produces 3 089 ct of diamonds from its Mothae operation, in Lesotho, during the December quarter. The 1.1-million tonne treatment plant was commissioned during the December quarter, delivering Lucapa its second operational mine. 

Pacific American Coal increases Elko resource

By: Esmarie Iannucci     16th January 2019 Coal developer Pacific American Coal has reported an 18% increase in the Joint Ore Reserves Committee compliant resource of its Elko coking coal project, in British Columbia. The project is now estimated to host some 303-million tonnes of coal, with 117-million tonnes of the resource classified... 

Gold veteran says bigger may not be better as M&A blitz hits

By: Bloomberg     16th January 2019 The $15-billion flurry of deal-making that will super-size the gold industry’s leading producers is no guarantee of better performance, according to an Australian miner who’s been outpacing larger competitors. Rising gold prices and a hunt to boost additional reserves of the precious metal have... 

Stokes offloads shares in Saracen

By: Esmarie Iannucci     15th January 2019 Australian billionaire Kerry Stokes has offloaded about A$30-million worth of shares in ASX-listed gold miner Saracen Mineral Holdings. Prior to the on-market share sale, Stokes, through his privately held financial firm Wroxby, had held a 6% interest in Saracen, which currently has more than... 

Recommissioned Savannah to ship first concentrates early next month

By: Esmarie Iannucci     15th January 2019 The first concentrate shipment from the recommissioned Savannah nickel/copper/cobalt project, in Western Australia, is expected in early February, ASX-listed Panoramic Resources said on Tuesday. The company told shareholders that mining ramp-up to full production was continuing, with the... 

Talga finds possible buyer for graphite

By: Esmarie Iannucci     15th January 2019 ASX-listed Talga Resources has inked a letter of intent (LoI) with a subsidiary of Germany’s Schunk Group to cooperate on the exploration and incorporation of Talga graphene into a Schunk product with applications in the automotive sector. Schunk is a globally operating technology company with... 

Metals X ups the output at Nifty and Renison

By: Esmarie Iannucci     15th January 2019 Base metals producer Metals X has reported increased production from both its Nifty copper and Renison tin projects, in Western Australia and Tasmania, respectively. The ASX-listed company on Tuesday reported that copper production from Nifty increased by 11% during the quarter ended December,... 

Boonanarring delivers first revenue

By: Esmarie Iannucci     15th January 2019 ASX-listed Image Resources has received the first revenue from its Boonanarring mineral sands project, in Western Australia, after loading its first bulk shipment of 10 000 t of heavy mineral concentrate. The concentrate will be shipped to China s part of an offtake agreement with Shantou... 

Prieska resource standing at 30Mt - Orion

By: Esmarie Iannucci     15th January 2019 The mineral resource at the Prieska zinc/copper project, in South Africa, has been estimated at more than 30-million tonnes, grading 3.7% zinc and 1.2% copper, base metals developer Orion Minerals has reported. The dual-listed company noted that the new resource estimate included an updated... 

Matsa completes mining at Red Dog

By: Esmarie Iannucci     11th January 2019 ASX-listed Matsa Resources in November of last year completed mining at the Red Dog gold project, in Western Australia, with last ore hauled to gold producer AngoGold Ashanti’s Sunrise Dam treatment plant in December. Matsa on Friday reported that mining at the Red Dog operation had generated 12... 

Berkeley shares surge on media reports

By: Esmarie Iannucci     11th January 2019 The share price of junior Berkeley Energia jumped by more than 63% on Friday, following media reports that its Salamanca uranium project, in Spain, had been approved. The ASX- and LSE-listed company told shareholders that despite the Spanish media reports, the company had received no official... 

Alacer hits targets in 2018

By: Esmarie Iannucci     11th January 2019 Gold miner Alacer Gold has reached its 2018 production expectations, with the Çöpler mine, in Turkey, producing 170 865 oz of gold. The full-year production was in line with expectations of between 160 000 oz and 230 000 oz. 

Vector takes major interest in DRC gold project

By: Esmarie Iannucci     11th January 2019 Gold developer Vector Resources was hoping to complete a definitive feasibility study (DFS) on the Adidi-Kanga gold project, in the Democratic Republic of Congo, during this year, after settling the acquisition of a 60% interest in the project. The ASX-listed Vector in July last year struck a... 

Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

By: Reuters     10th January 2019 Rio Tinto closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed statement. Cape Lambert is located about 1... 

Santos extends Beach/Senex agreements

By: Esmarie Iannucci     10th January 2019 Australian oil and gas major Santos has extended its gas processing agreement with ASX-listed Beach Energy and Senex Energy. The gas processing agreement extensions are expected to result in the production of up to 18 TJ of sales gas per day, or 20 PJ over the three-year term. 

DRA wins Dargues EPC contract

By: Esmarie Iannucci     10th January 2019 Project house DRA Global has been awarded the engineering, procurement and construction (EPC) contract for the Dargues gold mine, in New South Wales, being developed by Diversified Minerals. The contract scope entails the EPC of a 355 000 t/y gold processing facility and mine backfill plant at... 

Metalicity MD steps aside

By: Esmarie Iannucci     10th January 2019 Matt Gauci will step down as the MD of ASX-listed Metalicity, effective January 10. Nonexecutive director Mathew Longworth will assume the role of CEO, and the Metalicity board is currently in discussions with suitable executives to work alongside him as part of a transition to grow the company... 

Australian Vanadium raises cash for Gabanintha studies

By: Esmarie Iannucci     10th January 2019 ASX-listed Australian Vanadium has raised more than A$6-million through option conversion, to fund the completion of a definitive feasibility study on the Gabanintha vanadium project, in Western Australia. The company on Thursday noted that more than 204.59-million options had been converted... 

Lycopodium wins another Perseus contract

By: Esmarie Iannucci     10th January 2019 Gold miner Perseus Mining has awarded ASX-listed Lycopodium the engineering and supply contract for its Yaouré gold project, in Côte d’Ivoire. Lycopodium told shareholders on Thursday that the contract is expected to generate some $95.1-million in revenue. 

Terramin Australia buys new gold project

By: Esmarie Iannucci     9th January 2019 ASX-listed junior Terramin Australia has struck a deal with Kitticooler Holdings to acquire the Kitticoola gold project, in South Australia. The copper/gold mine was operational between 1846 and 1869, producing some 7 000 t of ore at an estimated grade of 2.25% copper. The gold potential was... 

Beadell misses the mark

By: Esmarie Iannucci     9th January 2019 Embattled gold miner Beadell Resources missed its amended production target during 2018, from its Tucano gold operation, in Brazil. The company in August last year amended the full year production guidance from the original target of 145 000 oz to 155 000 oz, to between 125 000 oz and 135 000... 

CIMIC wins A$155m contract from QCoal

By: Esmarie Iannucci     9th January 2019 Project house CIMIC on Wednesday announced that its mineral processing company Sedgman had been awarded a A$155-million engineering, procurement and construction (EPC) contract at the Byerwen coal mine, in Queensland. The EPC contract, from privately held QCoal, will deliver an expansion on the... 

Vista granted enviro permitting

By: Esmarie Iannucci     9th January 2019 ASX-listed Titan Minerals has received environmental permitting for its Vista gold plant and mill, in Peru. The company told shareholders on Wednesday that with the environmental approval now in place, the plant was ready for physical inspection by the Direccion Regional De Energia Y Minas for... 

Dacian declares commercial production at Mt Morgans

By: Esmarie Iannucci     9th January 2019 Gold miner Dacian Gold has declared commercial production at its Mt Morgans gold project, in Western Australia, during the month of December. The company on Wednesday reported that the declaration was made at the start of January after mining rates across the operation achieved feasibility study... 

BP awaits BHP decision on Atlantis spend

By: Esmarie Iannucci     9th January 2019 Energy giant BP has approved a $1.3-billion expansion of its Atlantis field, in the Gulf of Mexico. The Atlantis Phase 3 development will include the construction of a new subsea production system from eight new wells that will be tied into the current plantform, off the US coast. 

Qld exports reach record levels

By: Esmarie Iannucci     9th January 2019 New data by the Queensland government has revealed that the resources industry had increased exports to A$65.6-billion, or some 81% of the state’s total merchandise exports, during the 12 months to November last year. Queensland posted a record A$80.5-billion in exports during that period, with... 

Kirkland Lake produces record gold

By: Esmarie Iannucci     9th January 2019 ASX-, TSX- and NYSE-listed Kirkland Lake Gold has reported record quarter and annual gold productions for the quarter and full-year ended December. The miner reported fourth quarter production of 230 993 oz, up 28% on its previous record of 180 155 oz, while full year production reached 723 477... 

Atrum increases Canadian resources

By: Esmarie Iannucci     8th January 2019 ASX-listed Atrum Coal has reported a 170% increase in the Joint Ore Reserves Committee- (Jorc-) compliant resource estimate at its Elan South deposit, in Alberta, Canada. The Elan South deposit is now estimated to host some 97-million tonnes of resource, up from the previous estimate of... 

Westgold revises hedge book

By: Esmarie Iannucci     8th January 2019 ASX-listed gold miner Westgold Resources has made use of the recent strength in the Australian dollar gold price, revising its hedge book to 150 000 oz. The revised hedge book is structured as a fixed-forward delivery of 10 000 oz a month, at a price of A$1 776.10/oz, over a period of 15 months. 

Production halted at Las Lagunas

By: Esmarie Iannucci     8th January 2019 Operations at the Las Lagunas gold/silver project have been temporarily halted following the rupture of one of six Albion reactors at the plant, in the Dominican Republic. ASX-listed PanTerra Gold on Tuesday said that no injuries were sustained during the incident, with the non-toxic slurry in... 

Resolute launches review of Ravenswood

By: Esmarie Iannucci     8th January 2019 Gold miner Resolute Mining on Tuesday told shareholders that the company has not made any decision in relation to the spin-off or sale of its Ravenswood gold mine, in Queensland. Instead, the company was planning to undertake a strategic review of the asset in the first half of this year. 

Albemarle starts earthworks at WA lithium plant

By: Esmarie Iannucci     8th January 2019 US-based Albemarle has started earthworks at the Kemerton strategic industrial area, in Western Australia, after receiving all the required federal and state government environmental approvals for the planned Kemerton lithium hydroxide plant. “The site earthworks at Kemerton today are on track... 

Qld LNG exports reach new heights

By: Esmarie Iannucci     8th January 2019 Liquefied natural gas (LNG) exports through the Port of Gladstone reached a record 20.58-million tonnes in 2018, the Queensland Resources Council (QRC) has revealed, reaffirming the sector’s importance to the Queensland economy. QRC CEO Ian Macfarlane said the data released by Gladstone Ports... 

Miners warn of Green's coal ban Bill

By: Esmarie Iannucci     4th January 2019 The resources sector has warned of the detrimental effects a Bill to ban thermal coal mining in the Galilee Basin, in Queensland, would have on the economy. The Galilee Basin (Coal Prohibition Bill) has been introduced by the Greens into the Federal Senate, and if made into law, will see the... 

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