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Australasia News

First CAT Early Learner electric haul truck to touch down at Jimblebar

By: Creamer Media Reporter      Updated 8 minutes ago The first Early Learner CAT 793 battery-electric haul truck (BEHT) is on its way to BHP's Jimblebar iron-ore mine, in Western Australia, marking a milestone in the company’s decarbonisation efforts. Members of BHP's operational decarbonisation team witnessed the BEHT in action this week at... 

New iron-ore exporter for Port of Esperance

By: Mariaan Webb     Updated 43 minutes ago The Port of Esperance, in Western Australia, is set to increase its iron-ore trade by 1.5-million tonnes a year, following a new agreement announced by Ports Minister David Michael. Gold Valley Iron Ore has secured access to essential iron-ore infrastructure at the port, marking the first time a... 

New iron-ore exporter for Port of Esperance

Brazilian Rare Earths raises A$80m in discounted offering

By: Mariaan Webb     Updated 54 minutes ago Exploration company Brazilian Rare Earths (BRE) has successfully raised A$80-million in a discounted A$3.30-a-share placement. The proceeds from the placement will be used to accelerate exploration and development at the Monte Alto, Sulista and Pele rare earth projects, including drilling,... 

Brazilian Rare Earths raises A$80m in discounted offering

Fortescue loses another senior leader

By: Bloomberg     Updated 1 hour 34 minutes ago Fortescue has confirmed the resignation of its director of global growth, Julie Shuttleworth, who previously served as group deputy chief executive and CEO of the green energy division. Shuttleworth first joined the Australian iron-ore miner in 2013. She became deputy CEO of the company in 2018,... 

Julie Shuttleworth
Julie Shuttleworth

Elementos secures option for Spanish tin smelter

By: Mariaan Webb     Updated 3 hours ago Australia-listed Elementos has signed a nonbinding term sheet to obtain an option for up to a 50% interest in Iberian Smelting, owner of a tin smelting and refining facility near Robledallano, Spain. The facility is located about 220 km from Elementos’ Oropesa tin project. 

The Robledallano smelter in Spain
The Robledallano smelter in Spain

Lithium Australia inks offtake deal with South Korean battery recycler

By: Creamer Media Reporter      Updated 4 hours ago ASX-listed Lithium Australia on Thursday announced a three-year mixed-metal dust (MMD) offtake agreement with South Korean battery recycler SungEel HiTech. SungEel will purchase at least 60% of Lithium Australia’s yearly MMD production over three years. 

NRW acquires HSE mining contract and assets for A$85m

By: Creamer Media Reporter      12th June 2024 Perth-based civil and mining contractor NRW Holdings subsidiary Golding Contractors will acquire the mining services contract, associated fleet and transfer of employees from HSE Mining at coal miner Stanmore Resources’ South Walker Creek mine site. The transaction is at A$85-million less... 

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

By: Darren Parker     12th June 2024 The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central bank artisanal and small-scale gold mining (ASGM) domestic purchase programmes (DPP). The inaugural... 

Artisanal gold miners
Artisanal gold miners

Forget copper and gold as steelmaking manganese outperforms

By: Bloomberg     12th June 2024 Manganese, an essential steel-making ingredient, has outstripped copper, gold and many other commodities this year after a cyclone halted exports from the world’s second-largest mine in March. Prices of 44% grade manganese ore have almost doubled since the start of the year, beating gains of 15%... 

Supply constraints and elevated prices will continue until Gemco (pictured) is brought back on line.
Supply constraints and elevated prices will continue until Gemco (pictured) is brought back on line.

Pilot phase at Sovereign’s Malawi project on track

By: Tasneem Bulbulia     12th June 2024 ASX- and Aim-listed Sovereign Metals says pilot site construction for the ongoing pilot mining and land rehabilitation programme (pilot phase) at the Kasiya rutile/graphite project, in Malawi, is on schedule, with groundworks under way. “This pilot phase is a step-change for Kasiya and... 

Western Australia resolves mining imbroglio threatening licences

By: Bloomberg     12th June 2024 Western Australia’s government has approved draft legislation that will ensure the security of mining licenses and permits in the state, a major producer of iron-ore. The legislation, to be passed retrospectively, will resolve a High Court of Australia ruling in 2017 that theoretically almost... 

Western Australia resolves mining imbroglio threatening licences

Mawson to acquire Southern Cross Gold in merger

By: Mariaan Webb     12th June 2024 Exploration and development company Mawson Gold has announced a nonbinding term sheet with Southern Cross Gold (SXG), outlining its intent to acquire all the ordinary shares of the Australian company that it does not own. Following the acquisition, which will be implemented through an Australian... 

BHP set to avert mine strike in Chile with preliminary wage deal

By: Bloomberg     12th June 2024 BHP reached a preliminary wage agreement with union leaders in Chile, signaling the company will avert a costly strike at a copper mine that accounts for about 1% of global supply of the wiring metal. More than 1 100 members of the main union at BHP’s Spence mine in northern Chile will vote on... 

BHP set to avert mine strike in Chile with preliminary wage deal

Australia ‘not naive’ on China as Li visit looms, Chalmers says

By: Bloomberg     12th June 2024 Australia is realistic about the challenges in its diplomatic relationship with Beijing, Treasurer Jim Chalmers said, as the country prepares for the first visit by a Chinese Premier in more than seven years. While ties between the trading partners had been on a “steadier footing” over the past... 

Australian Treasurer Jim Chalmers
Australian Treasurer Jim Chalmers

Bannerman hikes Namibia uranium project capital cost estimate

By: Creamer Media Reporter      11th June 2024 Uranium project developer Bannerman Resources has announced a moderate increase in the preproduction capital forecast for the Etango-8 project, in Namibia. This update follows the completion of the front-end engineering design (FEED) and control budget estimate (CBE) processes. The completion of... 

Bannerman hikes Namibia uranium project capital cost estimate

Image kicks off preliminary works at WA mineral sands project

By: Mariaan Webb     11th June 2024 ASX-listed Image Resources has started minor, or preliminary work activities at its Atlas mineral sands project, north of Perth in Western Australia. Preliminary works include the construction of the Atlas accommodation camp and deconstruction of the wet concentration plant (WCP) at Boonanarring... 

Artificial intelligence used to eliminate need for rare earths in permanent magnets 

By: Martin Creamer     11th June 2024 Discovering new materials has historically been slow. Now artificial intelligence (AI) is making it possible to discover a material entirely computationally and have that verified experimentally. An example of this is AI being used to create a permanent magnet that does not contain any rare earth... 

Development of rare earth-free permanent magnets.
Materials Nexus CTO Robert Forrest interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

US BLM approves follow up drilling at Arizona Lithium’s Big Sandy

By: Mariaan Webb     11th June 2024 The US Bureau of Land Management (BLM) has issued Arizona Lithium a permit for a drill and bulk sampling programme at the Big Sandy project, in Arizona. The ASX-listed company is now set to start a long-awaited follow up drill programme at Big Sandy, which currently contains a resource of 320... 

E25 explores Butcherbird restart amid record high manganese ore prices

By: Mariaan Webb     11th June 2024 Australia’s Element25 is investigating the potential restart of operations at the Butcherbird manganese project in Western Australia to capitalise on the recent surge in manganese ore prices. Prices have escalated following disruptions at South32’s Groote Eylandt (Gemco) operations in the... 

E25 explores Butcherbird restart amid record high manganese ore prices

South Africa’s quickly advancing Copper 360 is guiding sharp 2025 revenue rise  

By: Martin Creamer     11th June 2024 The revenue of South Africa’s quickly advancing Northern Cape copper mining company Copper 360, the only pure copper play on the Johannesburg Stock Exchange, is forecast by the company to have risen sharply by the end of February next year. The AltX-listed company headed by CEO Jan Nelson, is... 

Copper 360 CEO Jan Nelson.
Copper 360 annual results presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Rio Tinto ups stake in Australia's second-biggest aluminium smelter

By: Mariaan Webb     11th June 2024 Commodities giant Rio Tinto will increase its interest Boyne Smelters (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, to 73.5%. The company has agreed to acquire Mitsubishi’s 11.65% interest in BSL. This follows the recent agreement to acquire Sumitomo... 

Rio Tinto ups stake in Australia's second-biggest aluminium smelter

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further 

By: Martin Creamer     10th June 2024 A 15-year agreement involving the supply of an initial 70 000 t of green hydrogen a year has been signed by TotalEnergies and Air Products. TotalEnergies, which is active in some 120 countries and which cites sustainability as being at the heart of its strategy, is setting out to reduce the net... 

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further

Agriculture, mining remain growth areas for Omnia, despite difficult operating environment

By: Marleny Arnoldi     10th June 2024 JSE-listed chemicals group Omnia has reported a 10% decrease in operating profit to R1.7-billion for the financial year ended March 31, saying this reflected volatile market conditions and global economic strain. Net profit, however, increased by 1% to R1.16-billion, while earnings a share... 

Omnia CEO Seelan Gobalsamy
Omnia CEO Seelan Gobalsamy

New Zealand to introduce bill to reverse oil and gas exploration ban

By: Reuters     10th June 2024 w Zealand's government said on Sunday it would introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector. The bill would end the ban, in place since 2018, on exploration outside onshore Taranaki, an energy-rich... 

South Australia budget lacks adequate support for mining - Amec

By: Creamer Media Reporter      7th June 2024 The South Australian government has unveiled a surplus budget, buoyed by stronger-than-expected goods and services (GST) and state tax revenues, as well as A$420-million in royalties from the minerals and petroleum industry. Despite this surplus, state debt is set to exceed A$38-billion as the... 

Tivan awarded NT exploration grants

By: Creamer Media Reporter      7th June 2024 The Northern Territory (NT) government has granted Tivan exploration grant funding for two applications made for the Sandover project. The applications were for funding under Round 17 of the Northern Territory geophysics and drilling collaborations programme. 

Major world economies seek to halt new private sector coal financing

By: Reuters     7th June 2024 Some of the world's major economies want to finalise a plan ahead of this year's UN climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the draft proposal by the Organisation for Economic Co-operation... 

Major world economies seek to halt new private sector coal financing

World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck 

By: Martin Creamer     7th June 2024 One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World Hydrogen Australia webinar, where he spoke of the need for the hydrogen haul trucks to be conceived as... 

South Africa pioneered hydrogen haul truck.
South Africa pioneered hydrogen haul truck.

Newmont CEO says divestment of non-core assets progressing well

By: Reuters     7th June 2024 Newmont CEO Tom Palmer said on Thursday the gold miner's plans to divest eight non-core assets and trim its workforce to cut debt following its $17.14-billion purchase of Newcrest were progressing well. "(We are) quite excited about the level of interest in each of those assets," Palmer told... 

Newmont CEO Tom Palmer
Newmont CEO Tom Palmer

Aguia outlines reopening plans for Colombia's Santa Barbara mine

By: Mariaan Webb     7th June 2024 ASX-listed Aguia Resources has announced a comprehensive work programme for the reopening of the high-grade Santa Barbara gold mine, in Colombia. This update follows Aguia's successful takeover of Andean Mining, the 100% owner of Santa Barbara. 

Processing equipment at Santa Barbara
Processing equipment at Santa Barbara

Kingsgate marks first gold pour at refurbished Chatree plant

By: Mariaan Webb     7th June 2024 Gold miner Kingsgate Consolidated has announced its first gold pour at the newly refurbished Plant #1 at the Chatree mine, in Thailand. The company reported on Friday that the first four doré bars were successfully poured, with both the elution circuit and the refurbished gold room operating... 

Gold bars poured at the Chatree mine
Gold bars poured at the Chatree mine

Walkabout ships first graphite from Tanzania mine

By: Mariaan Webb     7th June 2024 Australia-listed Walkabout has produced and shipped its first consignment of on-specification graphite concentrate from the Lindi Jumbo graphite mine, in Tanzania. The shipment is destined for Europe, marking a milestone for the project during its commissioning phase. 

Walkabout ships first graphite from Tanzania mine

Brazil seeks $20.7bn from Vale, BHP over 2015 dam collapse

By: Reuters     7th June 2024 Brazil's government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109-billion reais ($20.74-billion) as reparations for a tailings dam collapse in 2015. The proposal is higher than a previous offer from the miners to pay the federal... 

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

By: Reuters     7th June 2024 Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell... 

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

Chinese rare earths investor fails to win seat on Australia's Northern Minerals board

By: Reuters     6th June 2024 A Chinese mining investor has failed in a bid to join Australian rare earths mining company Northern Minerals' board on Thursday, days after Australia's Treasurer ordered the investor's private company to sell some of its shares. Treasurer Jim Chalmers earlier this week ordered several... 

Chinese rare earths investor fails to win seat on Australia's Northern Minerals board

Ausgold fully funded through to FID

By: Mariaan Webb     6th June 2024 Exploration and development company Ausgold has garnered robust investor support for the Katanning Gold Project (KGP), in Western Australia, successfully raising A$38-million in a two-tranche placement. The fundraising was anchored by international institutional investors, including Jupiter... 

Ausgold fully funded through to FID

Richards Bay Minerals signs agreement for additional 140 MW of renewable energy   

By: Martin Creamer     6th June 2024 A second renewable-energy project has been announced for heavy mineral sands extraction and refining company Richards Bay Minerals (RBM), which mines in northern KwaZulu-Natal and produces materials used in a wide range of everyday products, from paints to smartphones. In 2022, the Rio Tinto... 

From left Werner Duvenhage, James Cumming and Michael Wickins.
Richards Bay Minerals latest renewable energy announcement covered by Mining Weekly’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd.
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