R/€ = 15.98 Change: -0.09
R/$ = 14.13 Change: -0.05
Au 1326.00 $/oz Change: 11.00
Pt 805.86 $/oz Change: 18.40


NRW settles RCR buy

By: Esmarie Iannucci     15th February 2019 Mining services provider NRW Holdings has completed the A$10-million purchase of RCR Mining and RCR Heat Treatment from the administrators of RCR Tomlinson. RCR Mining includes the mining technologies business which owns intellectual property across a range of products and processes, and is an... 

Snake Well sale completed

By: Esmarie Iannucci     12th February 2019 ASX-listed junior Kalamazoo Resources has completed the A$7-million sale of its Snake Well gold project, in Western Australia. The company in November of last year reached an agreement with privately-held Adaman Resources to divest of the project, while maintaining a 2.5% net smelter royalty on... 

AuStar looks to restart Victorian mines

By: Esmarie Iannucci     5th February 2019 Gold production from the historic Morning Star and Rose of Denmark gold mines, in Victoria, will start shortly, ASX-listed AuStar Gold reported on Tuesday. Mining will start at both mines, with ore to be processed at the Morning Star gravity processing plant, AuStar told shareholders, noting... 

Beach hikes FY production guidance after strong first half

By: Esmarie Iannucci     31st January 2019 Australian oil and gas major Beach Energy has revised its full year production expectations for 2019, after a better-than-expected first half. The ASX-listed company is expecting full-year production to reach between 28-million and 29-million barrels of oil equivalent, up from the previous... 

Miners welcome Labour’s A$1bn hydrogen strategy

By: Esmarie Iannucci     23rd January 2019 The resources sector has welcomed the federal opposition’s A$1-billion hydrogen strategy, to fund hydrogen research and commercial development. Labour’s plan will see A$1-billion in funding from the Clean Energy Finance Corporation go towards supporting clean hydrogen development, with up to... 

RNC hits 7 621 g/t gold at Australia’s Beta Hunt

By: Mariaan Webb     23rd January 2019 The Beta Hunt mine in Australia is continuing to yield extraordinary gold exploration results, with Canada-based RNC announcing on Tuesday that it had intersected 7 621 g/t of coarse gold. The high-grade discovery was in one of the first sets of holes that the company drilled at the Western... 

UGL wins A$200m in service contracts

By: Esmarie Iannucci     18th January 2019 Project house CIMIC Group was expecting to generate revenue of around A$200-million from a range of new maintenance and service contracts in the Australian oil and gas sector. CIMIC on Friday reported that its subsidiary UGL had secured a maintenance and turnaround services contract with US... 

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... 

Shell to drill 250 new wells at Queensland venture

By: Esmarie Iannucci     10th October 2018 Energy major Shell has announced plans to produce more gas from its QGC joint venture, in the Western Downs region of Queensland. Under the Goog-a-binge project, Shell will progressively drill 250 new wells during 2019 and 2020, which will connect the existing QGC gas processing plants and bring... 

Chalice step-change releases funds to investors

By: Esmarie Iannucci     2nd October 2018 ASX- and TSX-listed Chalice Gold Mines has shifted gears, announcing its intention to focus on exploring its Australian and Canadian assets, rather than the acquisition of an advanced resources project. “After realising more than $100-million in net proceeds from asset sales over the last... 

Queensland fires up for gas supply challenge

By: Creamer Media Reporter      26th September 2018 More explorers are on the hunt across Queensland for gas for the hungry Australian market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham on Tuesday announced that four companies would soon start exploring more than 6 600 km2 for more gas for local use, as well as export dollars. 

Further Australian LNG projects needed to keep prices in check

By: Esmarie Iannucci     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... 

ECR Minerals shares rise on Australia gold exploration update

By: Mariaan Webb     3rd September 2018 London-listed ECR Minerals believes there is potential for a significant gold discovery at its Blue Moon gold project in Victoria, Australia, and will initiate a deeper reverse circulation drilling programme in the coming months to test the prospect’s potential. The company said on Monday that... 

Victoria sets exploration targets with new strategy

By: Esmarie Iannucci     28th August 2018 The Victorian state government has launched a new mineral resources strategy to ensure continued growth in the resources sector. Resources Minister Tim Pallas on Tuesday launched the State of Discovery strategy, setting out targets of total exploration investment of A$220-million by June 2023... 

BHP reaches $50m settlement in US lawsuit

By: Esmarie Iannucci     9th August 2018 Mining major BHP has reached a $50-million settlement on a class action filed in the US District Court in New York regarding the Samarco dam failure, in 2015. The settlement comes with no admission of liability from the miner, and was still subject to approval by the District Court. 

Great Australian Bight holds a treasure trove for South Australia

By: Esmarie Iannucci     6th August 2018 A new study by the Australian Petroleum Production and Exploration Association (Appea) has found that successful oil exploration in the Great Australian Bight could see the creation of more than 2 000 jobs in South Australia and generate over A$7-billion a year in average tax revenue to federal... 

Kirkland Lake chases higher FY target

By: Mariaan Webb     1st August 2018 A strong first-half performance from the Fosterville and Macassa mines has provided Toronto-based Kirkland Lake Gold with enough confidence to increase its consolidated full-year production guidance by 15 000 oz to more than 635 000 oz. The miner produced 312 329 oz in the first six months of... 

Stockyard Hill Wind Farm, Australia

By: Sheila Barradas     27th July 2018 Goldwind Australia is building the largest wind farm in Australia and the southern hemisphere. 

Crowlands Wind Farm, Australia

By: Sheila Barradas     6th July 2018 Pacific Hydro plans to build an 80 MW wind farm in Victoria. 

Victoria aims to kick-start mining boom with A$15m exploration grant

By: Esmarie Iannucci     27th June 2018 The Victorian government has freed up a further A$5.5-million under its A$15-million TARGET Mineral Exploration Initiative, to encourage investment in the region. Resources Minister Tim Pallas said on Wednesday that the co-funded grants would be available to 11 exploration licence holders. 

Victoria reveals changes to EPA

By: Esmarie Iannucci     22nd June 2018 Victorian Environment Minister Lily D’Ambrosio has introduced the Environment Protection Amendment Bill 2018 into Parliament, which will give the Environment Protection Authority (EPA) the powers and tools it needs to stop pollution. The Bill was part of the Victorian government’s A$180-million... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Iannucci     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

WestConnex – Rozelle Interchange and Iron Cove Link, Australia

By: Sheila Barradas     15th June 2018 WestConnex is the biggest road development in Australia. The project will ease traffic congestion and improve access and connections to western Sydney.  

Yendon DFS on the cards after positive results

By: Esmarie Iannucci     14th June 2018 A prefeasibility study (PFS) into the Yendon alumina project, in Victoria, has estimated that the project would require a capital investment of A$271-million to support an annual production of 8 000 t of high purity alumina. ASX-listed Hill End Gold on Thursday reported that the project was... 

AuStar takes ownership of Rose of Denmark

By: Esmarie Iannucci     13th June 2018 Gold junior AuStar Gold has taken full ownership of the Rose of Denmark gold project, in Victoria. The company told shareholders that it had acquired the remaining 51% interest of the mining license that holds the project, from Shandong Tianye Real Estate Development Group for A$225 000 in... 

Victoria seeks to unlock more affordable gas for residents

By: Esmarie Iannucci     8th June 2018 The Victorian government is hoping to unlock more gas supply to provide residents in the state with greater access to affordable gas. The state government on Friday announced that the Victorian Gas Programme (VGP) will be encouraging new commercial offshore gas exploration through the release of... 

AuStar pours first gold

By: Esmarie Iannucci     31st May 2018 Junior AuStar Gold has poured its first gold at the Morning Star gold mine, in Victoria, since 2012. The ASX-listed company told shareholders that following the upgrade and commissioning of the gold processing plant, the company used low-grade stockpiles from the previous mining operations to... 

Manas withdraws from Tanzania buy

By: Esmarie Iannucci     25th May 2018 Explorer Manas Resources has abandoned its bid to acquire the Victoria gold project, in Tanzania, after a lack of progress to transfer the licence, as well as challenging conditions facing mining companies operating in the country. Manas in April last year struck a deal to acquire the Victoria... 

Zimbabwe mines need $11bn investment to modernise

By: Reuters     18th May 2018 Zimbabwe needs up to $11-billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on Friday. Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe... 

Zimbabwe lithium excites but projects face funding hurdle

By: Reuters     18th May 2018 Zimbabwe has a small window of up to 24 months to start producing battery grade lithium and ride the wave of high prices, miners said on Thursday, but the country's high political risk made financing projects difficult. Since the fall of Robert Mugabe after a de facto military coup last November,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Iannucci     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

Hill End weighs gold options

By: Esmarie Iannucci     11th May 2018 ASX-listed junior Hill End Gold has appointed advisors PCF Capital to undertake a strategic review of the company’s gold projects, in order to unlock value. Hill End’s gold projects included the Hill End and Hargraves gold projects, in New South Wales, which had existing gold resources of 572... 

BHP sells Minerva plant to Cooper Energy and partners

By: Esmarie Iannucci     1st May 2018 ASX-listed Cooper Energy, in joint venture (JV) with AWE and Mitsui E&P Australia, has struck a deal with mining major BHP to acquire that company’s 90% interest in the Minerva gas plant, in Victoria. Cooper Energy, which already holds a 10% interest in the gas plant, would hold a 50% interest... 

Emergency Desalination Plant Gets Helping Hand from SBS Tanks®

18th April 2018 As Cape Town gets closer to running out of water, SBS Tanks® has formed an integral partnership with Quality Filtration Systems (QFS) and Osmoflo to provide quality water for an emergency desalination plant. Initiated by The City of Cape Town, the plant will address the water crisis in the... 

Murra Warra Wind Farm, Australia

By: Sheila Barradas     13th April 2018 Senvion and Downer are building a 429 MW wind farm in western Victoria. 

Morning Star plant recommissioned

By: Esmarie Iannucci     12th April 2018 ASX-listed AuStar Gold has completed the recommissioning of the process plant at the Morning Star gold mine, in Victoria. “Another major milestone has been achieved in our successful recommissioning of the processing plant at the Morning Star gold mine,” said AuStar Gold CEO Tom de Vries. 

EnerMech Partners With Valves Specialist Farris Engineering In Australia

9th March 2018 70 Year Pedigree Adds To EnerMech’s Valves Offering   Integrated engineering services specialist, EnerMech, has signed a partnership deal with Farris Engineering to provide safety relief valves and parts to the Australian market.   Aberdeen-headquartered EnerMech provides a range of mechanical,... 

Chalice to explore ‘highly prospective’ northern Bendigo region

By: Mariaan Webb     26th February 2018 ASX- and TSX-listed Chalice Gold Mines has set its sights on prospective ground in the northern Bendigo gold field, in north-western Victoria, where it has submitted applications for two exploration licences covering 1 300 km2. The Bendigo Zone, north of the 18-million ounce Bendigo gold field,... 

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