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Mariaan Webb
Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.
Poseidon restarts Lake Johnston exploration after sales process ends
17th May 2024 ASX-listed Poseidon Nickel is getting back to exploration at the Lake Johnston project, in Western Australia, following a four-month hiatus while focusing on a sales process. Now that the heads of agreement to sell Lake Johnston to fellow listed Mineral Resources (MinRes) was terminated by the... →
AIC secures mining lease for Jericho, surface works start
17th May 2024 The Queensland government has granted AIC Mines a mining lease for the Jericho copper mine, paving the way for surface works to get under way in preparation for mining. Development of Jericho will transform the Eloise mine, near Cloncurry, into a cornerstone asset for AIC Mines, providing a... →
Horizonte goes into administration amid funding shortfall for Brazil nickel project
16th May 2024 Dual-listed Horizonte Minerals has appointed Chad Griffin and Geoff Rowley as administrators, following its inability to secure full financing for the Araguaia nickel project, in Brazil. Despite negotiations with secured creditors and both existing and potential investors to explore alternative... →
Rio Tinto ‘not afraid’ of M&A, says Stausholm
16th May 2024 Amid heightened discussions surrounding mergers and acquisitions (M&A) in the mining sector, Rio Tinto CEO Jakob Stausholm has reaffirmed the company’s readiness to pursue such ventures. However, he underscored the necessity for a carefully considered approach. Addressing queries regarding the... →
Court dismisses objection to Whitehaven’s Narrabri expansion
16th May 2024 A full bench of the federal Court has dismissed an objection raised by community organisation Environment Council of Central Queensland (ECCQ) against Whitehaven Coal’s Narrabri Stage 3 extension project. The dismissal of ECCQ’s application places the ball in the court of Environment and Water... →
Near-term uranium producer Peninsula raises over A$100m
16th May 2024 With work at the Lance uranium project in the US continuing at full pace, developer Peninsula Energy on Thursday moved to raise more than A$100-million to carry it through until it starts generating free cashflow by the third quarter of next year. The ASX-listed miner will raise A$105.9-million... →
Patriot and Albemarle’s downstream lithium collaboration ends
15th May 2024 Lithium exploration company Patriot Battery Metals will no longer pursue a downstream lithium processing partnership with shareholder Albemarle, it was announced on Wednesday. Patriot, which owns the Corvette property in Canada, said that a nine-month term of a memorandum of understanding (MoU)... →
MRC in talks to take full control of WA graphite project
15th May 2024 Graphite-focused Mineral Commodities (MRC) is in negotiations with its joint venture (JV) partner in the Munglinup project, on Western Australia’s Fitzgerald coast, to settle a dispute regarding its right to increase its interest in the project. The company currently holds a 51% interest... →
Elementos restarts Spanish tin DFS with modified layout
15th May 2024 The definitive feasibility study (DFS) and licensing activities for the Oropesa tin project will resume, following an agreement between Elementos and the Andalusian government on project layout modifications to address community and environmental concerns. The negotiations with government have... →
Lucapa puts Lesotho diamond mine up for sale
15th May 2024 Australia-listed Lucapa Diamonds on Wednesday announced the planned divestment of its 70% interest in the Mothae mine, in Lesotho. This follows a review of the asset portfolio by the company’s newly structured board of directors. →
Aurora charts development pathway for US uranium project
15th May 2024 ASX-listed Aurora Energy Metals has delivered a scoping study that demonstrates a viable pathway to developing its namesake uranium project in the US state of Oregon. Using a spot price base case of $90/lb, the Aurora project demonstrates strong cash flows of A$502-million, a net present value... →
SolGold advances financing for Cascabel, secures $10m loan
14th May 2024 LSE- and TSX-listed SolGold said on Tuesday that it was making significant strides in securing financing for its Cascabel project, in Ecuador, with capital providers expressing a keen interest in committing to a longer-term financing package. The company is in detailed discussions with capital... →
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
14th May 2024 The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed transaction. Responding to the latest developments in the BHP-Anglo takeover, CreditSight analysts... →
Anglo rejects BHP's revised £34bn proposal
13th May 2024 Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled on Monday, remained unchanged from the previously rejected proposal of last month. It comprises an... →
Horizon Minerals inks toll milling agreement
13th May 2024 ASX-listed Horizon Minerals on Monday announced a toll milling agreement with FMR Investments to treat 200 000 t of ore from the Cannon underground deposit. FMR owns the Greenfields mill, which is about 67 km by road from the Cannon project in Western Australia. →
South32’s Hermosa federal permitting process gets under way
13th May 2024 The US Forest Service (USFS) has initiated the federal permitting process for the South32 Hermosa project, in Arizona. Under the umbrella of the National Environmental Policy Act, the USFS has launched the scoping process, inviting public input and commentary on South32’s project plans. This... →
Glencore steps in to help Austral exit receivership
13th May 2024 Copper producer Austral Resources on Monday announced the end of receivership, as offtake partner Glencore Australia stepped in to the role of senior secured creditor. Glencore Australia has acquired the senior secured debt from Win Finance No 356 (Wingate), which early this month placed Austral... →
MRC plans to sell SA mineral sands mine as focus shifts to graphite
10th May 2024 ASX-listed Mineral Commodities (MRC) has announced a decision to divest its interest in the Tormin mineral sands mine in South Africa to allow the company to focus its efforts on graphite assets and downstream active anode material projects. The company entered into a proceed deed with... →
St Barbara’s decade-long vision for Simberi
10th May 2024 Australian gold miner St Barbara has crafted a roadmap for the advancement of the Simberi mine, in Papua New Guinea, outlining production scenarios aimed at elevating output to about 230 000 oz/y through to 2034. The concept study scrutinised six different cases, comprising two flowsheet options... →
Iamgold guidance on track as Essakane and Westwood shine
10th May 2024 Canadian gold miner Iamgold has announced a promising start to the year, reporting robust results across its operations and projects in the first quarter, positioning the company well to meet its guidance targets. CEO Renaud Adams attributed the first-quarter success to the combination of stable... →
SQM and Hancock wrap up Azure transaction
10th May 2024 Australian battery metals explorer Azure Mining has been successfully acquired by joint bidders SQM and Hancock Prospecting in a A$1.7-billion deal. The Chilean miner teamed up with Australia’s richest person, Gina Rinehart, in December to buy the lithium developer. →
Aurion opts out of right of first refusal for Finland JV with B2Gold
10th May 2024 Canadian exploration company Aurion Resources has elected not to exercise its right of first refusal (RoFR) to acquire a 70% interest from joint venture (JV) partner B2Gold in their Finland venture. In March, B2Gold informed Aurion of an offer from Rupert Resources to acquire its 70% interest in... →
BHP and Ivanhoe Electric join forces for a US copper hunt
9th May 2024 Toronto-listed Ivanhoe Electric has announced an exploration alliance agreement with the top diversified miner BHP, targeting copper and other critical minerals in the US. The alliance will explore six mutually agreed areas of interest over 3 655 km2 in Arizona, New Mexico and Utah. →
Rob McEwen optimistic about Argentina’s economic revival
9th May 2024 Renowned mining magnate Rob McEwen is optimistic about Argentina’s economic prospects, citing President Javier Milei’s commitment to fiscal discipline and foreign investment as key drivers for growth. McEwen recently returned from a trip to Argentina, where he met Milei and engaged in... →
Black Cat releases updated study for ‘cash cow’ Paulsens
8th May 2024 ASX-listed Black Cat Syndicate has released the May 2024 restart study for the Paulsens gold mine, which details substantially higher returns than the November study on the back of a stronger gold price. The latest study is based on a gold price of A$3 500/oz, compared with A$2 900/oz in... →
Boss prepares for first Honeymoon sales
8th May 2024 Commissioning of the Honeymoon uranium project, in south Australia, is proceeding to plan, with key metrics exceeding feasibility study forecasts, Boss Energy MD Duncan Craib said on Wednesday. The outperformance, he said, was reflected in the results of the uranium-rich pregnant leach... →
Leo Lithium sells Mali project to Ganfeng for $342m
8th May 2024 Australia-listed Leo Lithium has announced it is exiting the Goulamina project, in Mali, with the sale of its remaining 40% interest to joint venture (JV) partner Ganfeng. The Chinese group will pay Leo $342.7-million for the remaining stake in Goulamina. →
Kinross records 20% margin surge, free cash flow triples
8th May 2024 Canadian miner Kinross has kicked off the year on a robust note, marking a 20% surge in margins and a remarkable tripling of its free cash flow. In its first-quarter report unveiled this Tuesday, Kinross revealed a 20% uptick in margins to $1 088/gold-equivalent ounce (GEO) sold, outpacing the... →
Australia to spend A$566m on mapping out resource deposits
8th May 2024 Australian Prime Minister Anthony Albanese has announced an investment of A$566-million over the next decade to bolster geoscientific research across the nation. The Geoscience Australia-led initiative, welcomed by industry bodies such as the Minerals Council of Australia (MCA) and the... →
B2Gold says Goose project slightly behind schedule
8th May 2024 Development of the Goose openpit and underground project, in Nunavut, is running slightly behind schedule, with the first gold pour pushed out by one quarter. Senior gold producer B2Gold explains that the project is behind schedule owing to equipment availability, adverse weather conditions and... →
Ur-Energy gears up for Shirely Basin construction next year
7th May 2024 Dual-listed uranium producer Ur-Energy is set to begin major construction activities for its Shirley Basin project in 2025, paving the way for production to start in the following year. The company last month approved the buildout of a satellite facility at the Shirley Basin project, in Wyoming.... →
Develop considers two pathways for Pioneer Dome lithium project
7th May 2024 ASX-listed Develop has unveiled the results from an updated scoping study for its Pioneer Dome lithium project, in Western Australia, with two production scenarios now under consideration. Both scenarios – the first based on building a comprehensive processing plant and the second a mine gate... →
St Barbara harnesses AI to boost production at Simberi mine
7th May 2024 Australian mining company St Barbara is set to increase its production at the Simberi mine over the next three years, following the successful use of artificial intelligence- (AI-) based algorithms to better classify mineralisation. Collaborating with Stratum AI has helped St Barbara to identify... →
Arrow’s Simandou North drilling off to a promising start
7th May 2024 Australian junior Arrow Minerals as hit the ground running at its Simandou North deposit, in Guinea, uncovering high-grade mineralisation in the area during the initial stages of drilling. The first five holes, totalling 328 m of drilling, have yielded strong results, with assays including... →
Regis to spend up to A$150m on two new underground gold mines
6th May 2024 Gold miner Regis Resources on Monday announced it would develop two new underground mines that are forecast to deliver between 100 000 oz/y and and 120 000 oz/y from 2027. Developing the Garden Well Main and Rosemont Stage 3 mines would boost the Duketon gold project, in Western Australia, and... →
Energy Fuels building up its monazite supply chain for REE production
6th May 2024 Uranium and rare earth element (REE) producer Energy Fuels is making good progress towards securing its own large-scale, low-cost sources of monazite to process at its White Mesa mill, in the US, into rare earth oxides, reports president and CEO Mark Chalmers. In the last year, the company has... →
Sierra Rutile directed to resume mining operations
6th May 2024 The government of Sierra Leone has instructed ASX-listed Sierra Rutile to recommence mining activities in Area 1 by the end of the month. Government views Sierra Rutile’s suspension of mining at Area 1 as a violation of the Mines and Minerals Development Act and has given the company until May... →
Treasury Metals combines with Blackwolf
3rd May 2024 Canadian companies Treasury Metals and Blackwolf Copper and Gold have announced a merger to advance the Goliath Gold Complex (GGC) project in Ontario towards production with a strengthened leadership, balance sheet and capital markets team. Mining and capital markets executive Frank Giustra is... →
New Talisman pursues fast track approval for NZ mine
3rd May 2024 New Talisman Gold Mines has formally applied for the inclusion of the Talisman mine project in New Zealand’s Fast Track Approvals Bill, which is currently under review by Parliament. The Bill, an initiative stemming from the coalition government agreement, aims to streamline the approvals... →
Greatland eyes full ownership of Havieron amid Newmont's potential divestment
3rd May 2024 London-listed Greatland Gold is contemplating reclaiming full ownership of the Havieron gold/copper project in Western Australia, should Newmont divest of its 70% stake, says MD Shaun Day. The US-based gold major in February announced that it was considering selling its interests in Havieron and... →
Meteoric inks rare earths offtake MoU with Neo Performance
2nd May 2024 Exploration company Meteoric Resources said on Thursday it had entered into a nonbinding memorandum (MoU) to supply Neo Performance Materials’ Estonia magnet manufacturing with rare earths from its Caldeira project, in Brazil. Under the contemplated offtake agreement, NPN Silmet, Neo’s rare... →
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