On 8 March 2016, General Mining Corporation Ltd, along with its project partner Galaxy Resources Limited, announced the signing of two binding Term Sheets with two China based buyers for the sale of 60kt of spodumene concentrate (USD 600/t) in 2016, and a further 120kt in 2017 (subject to price agreement in the December quarter 2016) from the Mt Cattlin mine in Western Australia. Completed Offtake agreement details The Company is pleased to announce that it has now signed a binding tri‐party offtake agreement with one of the offtake parties, and GMM’s exclusive selling and settlement agent, Tokyo based Mitsubishi…
The re-opening of Central Queensland’s Isaac Plains Mine underlines the solid long-term prospects for the Queensland resources sector. Officially re-opening the mine near Moranbah in central Queensland, Premier Annastacia Palaszczuk said the mining sector was doing it tough, but demand remained strong for Queensland’s resources and expertise. “As the re-opening of Isaac Plains here today in Central Queensland shows, investors still have confidence in Queensland and our resources,” she said. “We have new faces, like Stanmore Coal, and new investors who are calling the bottom of the market, stepping up and creating jobs, like the 150 jobs here at Isaac…
The $1.4 billion Dugald River zinc project has gained special status to help cut red tape and create hundreds of jobs in north Queensland. State Development Minister and Minister for Natural Resources and Mines Dr Anthony Lynham has granted “prescribed project” status to MMG Ltd’s project, 85 km north-east of Mt Isa. “Projects like Dugald River are critical to economic development and job creation in the north-west during these tough times caused by ongoing resource commodity price lows,” Dr Lynham said. “Granting it prescribed project status will allow the Coordinator-General to assist MMG to navigate processes and timely approvals through…
Western Australian State Development Minister Bill Marmion has toured the Roy Hill project, the State's newest - and the nation's biggest - single-pit iron ore mine. "Roy Hill celebrated its first shipment in December 2015, and is now in the process of ramping up to its full production capacity of 55 million tonnes per annum," Mr Marmion said. "At full capacity, five ore trains per day will run between the mine and port facilities at Port Hedland, all controlled via Roy Hill's state-of-the-art remote operations centre in Perth. The Minister said the mine is expected to operate for more than…
Minister for Industry, Resources and Energy, Anthony Roberts, has announced that a billion dollar project in the State’s central west to mine rare metals and rare earths has now passed its final hurdle and will go ahead. “The Environment Protection Authority (EPA) has granted an Environment Protection Licence to Alkane Resources after the company had already been granted a Mining Lease last December after it had met a rigorous government approval process. “Known as the Dubbo Zirconia Project, the mine will produce up to 30,000 tonnes of specialty metals and rare earths per year which are highly sought after to…
Thousands of new jobs in regional Queensland have come a major step closer with approval of the mining leases for the $21.7 billion Carmichael coal mine and rail project in the State’s Galilee Basin. Premier Annastascia Palaszczuk said Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham had today approved the grant of three individual mining leases about 160km north-west of Clermont. “This is a major step forward for this project after extensive government and community scrutiny,” the Premier said. “Some approvals are still required before construction can start, and ultimately committing to the project…
The approval of a new $1 billion rare earth and metals mine in Dubbo is great news for the region, the state and national economies, and the New South Wales minerals sector, says Australia’s resource industry employer group, AMMA. “AMMA welcomes New South Wales granting an environment protection licence to Alkane Resources, in what was the final regulatory hurdle after a decade long process for the Dubbo Zirconia Project,” says AMMA executive director, policy and public affairs, Scott Barklamb. “Following construction which will create 450 jobs, this project will produce 30,000 tonnes of rare metals and rare earths annually and…
Barrick Gold Corporation has advised that plans to extend the life of the Hemlo gold mine in Canada by transitioning it to a modernised Tier Two [1] asset with a purely underground operation are 'well underway' as open-pit mining at the mine starts winding down. The Hemlo open pit has been mined since 1989 and has produced over 2.8 million ounces of gold. It was originally used to produce blasted rock for the backfilling of the mine’s underground stopes but in 2002 a truck fleet and key personnel were seconded from Barrick’s Nevada mines to establish the pit as a…
Endeavour Mining (Endeavour or the Company), has announced that mining operations have successfully restarted at its Boungou open-pit gold mine in Burkina Faso, following the mobilisation of the West African mining contractor and completion of infrastructure and operating improvements. Endeavour has also confirmed potential annual synergies of $35 to $40 million during its SEMAFO integration process. The identified synergies are in the areas of procurement and supply chain optimisation, corporate and in-country G&A savings, centralisation of technical services and functions across the group. It is estimated that 60 per cent of these synergies will be progressively unlocked by year end…
Rio Tinto and China Baowu Steel Group have celebrated a significant milestone reached by its landmark Bao-HI Ranges iron ore joint venture (JV) with more than 200 million tonnes of iron ore now shipped from the Pilbara to mills in China. The 200 millionth tonne of iron ore sold under the partnership was mined at Eastern Range, located approximately 10 kilometres south of Paraburdoo. It departed Rio Tinto’s Cape Lambert port on board the Baosteel Li Da last month before arriving at Majishan, China, on 19 September. The shipment followed a broader milestone for Rio Tinto with the company shipping…
Australian Strategic Materials (ASM), through its partner Ziron Technology Corporation (Ziron Tech), has successfully produced 8.6kg of a high purity zirconium metal at its commercial pilot plant in South Korea. The planned flowsheet for ASM’s 100 per cent owned Dubbo Project, located in central-western NSW, incorporates the production of both industrial-grade zirconia and dehafniated zirconia (ZrO2) and hafnium oxide (HfO2) using a process patented by Australia's Nuclear Science and Technology Organisation (ANSTO) with ASM having an exclusive global licence. Successful production of this high purity zirconium metal from commercial-grade zirconia is an important milestone for ASM. ZironTech has received confirmation…
ASX-listed mineral exploration and development company, Strandline Resources, has revealed the results of the Engineering Scoping Study on its 100 per cent owned Tajiri Mineral Sands Project in Tanzania. Tajiri’s deposit is a large northerly trending zone comprising a series of titanium-dominated mineral sands deposits stretching along 30 kilometres of Tanzanian coastline. The Engineering Scoping Study indicates that Tajiri will generate strong financial returns over a long mine life, underpinning Strandline’s long-term production outlook in Tanzania. Some highlights from the Study include: Project pre-tax NPV of US$205 million (pre-debt, real, 10 per cent discount rate); Project pre-tax IRR of 36…
Montem Resources Limited has completed a preliminary geological field mapping program at its Isola Project in the Crowsnest Pass of southwest Alberta, Canada. Montem’s Isola Project totals 4,832 hectares (ha) and is bordered to the south by Atrum Coal Ltd.’s Isolation South Project and to the west by the Cabin Ridge Project. In July 2020, Dahrouge Geological Consulting Ltd. estimated a coal Exploration Target for the project based on historical drilling, trenching and mapped surface outcrops ranging from 275Mt to 900 Million tonne (Mt) [1] [2]. The program also located historical coal seam trenches and multiple access routes into the…
Last week, Adelaide-based company, Thor Mining PLC, announced the acquisition of American Vanadium Pty Ltd and its two US mining projects. The projects add to Thor’s diverse portfolio of mining interests, which include copper, gold, molybdenum and tungsten. The company already has stakes in South Australian copper and gold projects in Kapunda and Moonta, but this acquisition is Thor’s first venture into the uranium and vanadium markets. Thor Mining Executive Chairman Mick Billing said the project represents an exciting opportunity for the company. “We are very pleased to complete the acquisition of 100 per cent of American Vanadium and its…
