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…
The world's first and China's largest battery energy storage system (BESS) multi-mixed energy power station was recently completed and integrates wind (400MW), photovoltaic (200MW), concentrated solar power (50MW), and an energy storage system (ESS) (100MWh) into one system on the grid. The first of its kind in China, the station coordinates three different renewables, with fluctuating sources of energy and is required to respond consistently to fluctuating demand, making its batteries and battery management system crucial to the reliability of the system. Contemporary Amperex Technology Co., Limited (CATL), a China-based manufacturer of lithium-ion batteries overcame the requirements during product design…
Australian-based industrial minerals and technology company, Syrah Resources Limited has commenced commercial production at the Balama Graphite Operation in Mozambique. The Balama mine in Mozambique is a high grade (17 per cent), long life (50 years) asset and is considered to be one of the largest graphite mines in the world. Operations at Balama commenced at the start of 2018 with Syrah ramping up production to nameplate capacity of 350 kilotonnes (kt) per annum. The company expects natural graphite production to reach 33 kt in Q4, to a full year natural graphite production of 104 kt. Syrah achieved average graphite…
Perth-based Lucapa Diamond Company Limited has announced an international competitive process for the sale of diamonds from the Lulo mine in Angola – closing on 31 January 2019. Lucapa’s Lulo Diamond Project is located approximately 630 kilometres east of the Angolan capital of Luanda and is the highest US$ per carat alluvial diamond production in the world. The Lulo Diamond Mine has produced 11 +100 carat diamonds in the past, including Angola’s two biggest recorded diamonds which weighed 404 carats and 227 carats. The sale is set to mark a significant milestone for the Angolan diamond mining industry, as the…
On Tuesday 11 December, Newcrest Mining Limited and Joint Venture Partner Harmony Gold Mining Company Limited signed a Memorandum of Understanding (MOU) with the Independent State of Papua New Guinea (PNG) as a confirmation to proceed with the Wafi-Golpu project. The MOU establishes a framework for the parties to progress with the project as quickly as possible in accordance with applicable regulatory processes and provides a framework of key terms to be included in the Mining Development Contract and other related agreements with the State. The MOU also re-affirms the parties’ intent to complete the permitting process and achieve grant…
ASX-Listed metals explorer, Symbol Mining Limited, has announced that its maiden shipment of 250 tonnes of Direct Shipping Ore (DSO) of zinc concentrate from the Macy Mine in Nigeria is locked and loaded for transport. The 250-tonne shipment consists of 10 containers that will be transported by truck to Lagos Port for export to China and is expected to depart in early December 2018. The first shipment represents a great achievement for the Symbol and Imperial Joint Venture team, who proved that they could deliver the Macy Mine project in a short start-up period, just five months after the commencement of…
Strandline Resources Limited is preparing to commence the next phase of air-core drilling at the Sudi mineral sands project in Southern Tanzania, alongside Joint Venture partner Rio Tinto Mining & Exploration Limited. [caption id="attachment_14509" align="alignleft" width="369"] Strandline holds a strategic tenement packagelocated along 350 km of the Tanzanian coastline. Image courtesy of Strandline Resources Limited.[/caption] The Sudi project is located 30 kilometres by sealed road from the port and city infrastructure of Mtwara in southeastern Tanzania. Under the terms of the Joint Venture, Rio Tinto is funding the exploration programme at Sudi, with the exploration itself being conducted by Strandline.…
Metallurgical coal development company, Montem Resources Limited, has lodged its Prospectus with the Australian Securities and Investments Commission (ASIC) to raise up to $20 million and list on the Australian Securities Exchange via an Initial Public Offering (IPO). Following a successful capital raising and listing, Montem is likely to have a market cap in the range of $50 million to $55 million. The Prospectus offers up to 40 million new ordinary shares at an issue price of $0.50 per share to raise up to $20 million, with capital raising expected to close in early October, and trading of Montem shares…
