Projects

Major quartz vein gold system found at Yandal Gold Project

Toro Energy Limited has announced that assay results from the 2019 maiden RC drilling programme, at the company’s 100 per cent owned Yandal Gold Project in Western Australia, along with detailed surface mapping, have confirmed that a major quartz vein gold system has been intersected in Toro’s first drill holes in the Golden Ways Target Area. Four reverse circulation (RC) drill holes were completed for a total of 792m in Toro’s maiden drill programme at Golden Ways. Drill holes TERC09, TERC10 and TERC11 aimed to test anomalies and alteration from historical drilling, while TERC12 aimed to test a large o... more

First autonomous haulage fleet for gold mine approved

Newmont Corporation’s Board of Directors have unanimously approved investment in an Autonomous Haulage System (AHS) at Boddington in Western Australia to enhance safety and productivity, while also extending mine life. Once fully operational in 2021, Boddington will be the world’s first open pit gold mine with an autonomous haul truck fleet. Tom Palmer, President and Chief Executive Officer said the investment in autonomous haul trucks will generate an internal rate of return greater than 35 per cent with a more controlled and efficient haulage operation. “We are also uniquely positioned in the gold ... more

Study confirms low carbon, long-life, low-cost copper and nickel mine

OZ Minerals Limited and Cassini Resources Limited have released the results of the West Musgrave, Nebo-Babel Pre-Feasibility Study (PFS). The project is a joint venture between OZ Minerals (70%) and Cassini (30%) and is located in Western Australia. The PFS has demonstrated an approximately 26-year open pit copper and nickel sulphide mine. It is the first development opportunity within the broader West Musgrave province which includes a number of additional highly prospective opportunities including the nearby Succoth copper deposit. A Maiden Probable Ore Reserve of 220Mt at 0.36% Cu and 0.33% Ni was also ... more

NQ Minerals signs deal to buy historic Beaconsfield Gold Mine

Base and precious metals producer, NQ Minerals plc (NQ), has signed a staged acquisition agreement totalling A$2 million to purchase a 100 per cent interest in the historic high-grade Beaconsfield Gold Mine. Located 200 kilometres from NQ’s current Hellyer base and precious metals operations, Beaconsfield is historically one of the richest gold mines in Tasmania. Past gold production totalled nearly 2 million ounces from 1887 to 2012 at an average of nearly 15 grams per tonne (g/t). The assets to be purchased by NQ include a 350,000 tonne per annum (tpa) processing plant, tailings dams, associated inf... more

BP and Chevron to fund new exploration initiatives in South Australia

BP and Chevron have committed to investing a total of $116.5 million in oil and gas exploration activities, with at least half directed to projects in South Australia with a view to increasing energy supplies in the state and south-eastern Australia. BP and Chevron ceased their programs of exploration in the Great Australian Bight in 2017 and 2018 respectively. The commitments were announced following the conclusion of Good Standing Agreement negotiations with both parties after their decisions to cease petroleum exploration in the Great Australian Bight. Minister for Resources and Northern Australia Ma... more

Atlas Gas Pipeline commences operations

Commercial operations have commenced on the $140 million Atlas Gas Pipeline, which will transport gas from Senex Energy’s Atlas gas acreage - located near Wandoan in south-west Queensland - to the east-coast gas market via the Wallumbilla Gas Hub. In June 2018, energy infrastructure company, Jemena, signed an agreement with Senex Energy to build, own, and operate a 15 petajoule per annum (40 TJ/day) gas processing facility and 60km buried pipeline (Atlas Gas Pipeline) in order to fast-track new gas supply to the domestic market. Jemena’s Managing Director, Frank Tudor, said the Senex-Jemena partnership... more

Construction contract awarded for gas terminal

Australian Industrial Energy (AIE) has announced another important milestone in the development of its Port Kembla Gas Terminal (PKGT) with the award of the key wharf facility and pipeline construction contract for the LNG import facility. New South Wales currently imports over 95 per cent of its domestic gas from other states. This means that local industries, business and households can be impacted by supply or price shifts occurring in other states. AIE states that LNG will be sourced from international suppliers and transported by LNG carriers to Port Kembla, where it will be transferred to a floating,... more

Tanami Natural Gas Pipeline opens to power gold mine

The 440-kilometre Tanami Natural Gas Pipeline, which will transport gas to Newmont Mining’s Granites gold mine, located approximately 540 kilometres north-west of Alice Springs in the Tanami Desert, has been completed. The pipeline is part of Newmont’s $346 million Tanami power project which is expected to provide the mine with a safe and reliable energy source that lowers power costs and carbon emissions by 20 per cent. The power project involved the installation of two power stations, a 66 kilovolt interconnected power line and the approval to operate the natural gas pipeline. Historically, mining op... more

New renewable energy generation precinct to create jobs

A new wind farm near Warwick in Queensland will be built by publicly owned generator CleanCo building, as part of a precinct that will create 400 jobs and supply up to nearly 700,000 homes. Early works are expected to start later this year, with construction scheduled to run from mid-2021 to 2024, with the Precinct generating its first power from mid-2022. Deputy Premier and Treasurer Jackie Trad said the wind farm will be part of the 1026-megawatt MacIntyre Wind Farm Precinct on the Southern Downs. “For the next few months, the entire focus of the Queensland Government is on protecting Queenslanders... more

The Pilbara looks to renewable hydrogen and ammonia production

The Australian Renewable Energy Agency (ARENA) has announced $995,000 in funding to Yara Pilbara Fertilisers Pty Ltd to support a feasibility study for the production of renewable hydrogen and ammonia. The feasibility study will explore the potential to make green hydrogen work at industrial scale at Yara’s existing ammonia production facility in the Pilbara. Yara will investigate producing renewable hydrogen via electrolysis powered by onsite solar PV. The renewable hydrogen produced will displace 30,000 tonnes per year of hydrogen which Yara currently derives from fossil fuels. The blended hydrogen wil... more

$768M solar farm receives conditional approval

The New South Wales' Independent Planning Commission has approved a new $768- million solar farm on the Northern Tablelands, with conditions. UPC Renewables Australia Pty Ltd (the Applicant) sought planning approval for the 720- megawatt New England Solar Farm on 3362 hectares of agricultural land, 6km east of Uralla. The solar farm will comprise more than 2.4 million solar panels, 150 power conversion units and a lithium-ion battery storage facility. It will connect to TransGrid’s existing transmission line that transects the development site. The Department of Planning, Industry & Environment fi... more

ARENA announces funding for Australian Hydrogen Centre

Adelaide-based Australian Gas Networks Limited (AGN) has been awarded $1.28 million in funding from the Federal Government’s Australian Renewable Energy Agency (ARENA) to establish the Australian Hydrogen Centre, which will investigate blending hydrogen into natural gas pipelines in South Australia and Victoria. The project will undertake feasibility studies and share knowledge focused on the integration of hydrogen into existing gas networks. As part of the project, the Australian Hydrogen Centre will explore the feasibility of blending 10 per cent hydrogen into the existing natural gas networks in regi... more

$1B transmission line project declared a coordinated project

The Queensland Government has ticked off a major milestone on a proposed $1 billion overhead high-voltage electricity transmission line which would connect major energy users and North West Queensland’s public to the national electricity grid. Queensland’s independent Coordinator-General declared CuString Pty Ltd’s CopperString Project a ‘coordinated project’ on 27 April. The proposed project is a 1,100-kilometre 275-kilovolt overhead high-voltage electricity transmission line connecting the North West Minerals Provence and Mount Isa to the National Electricity Market grid south of Townsville. ... more

QLD provides $100m to keep Haughton pipeline moving

The Queensland Government has fast-tracked $100 million, as part of its $225 million commitment to Townsville’s water security, to keep construction of the Haughton 36.5 kilometre water pipeline moving. Member for Townsville, Scott Stewart said the $100 million payment (paid last week) would go towards supporting up to 1000 jobs over the life of the project. “We all know Townsville has been doing it tough and is currently recovering from an unprecedented flooding event. The jobs that flow from the Haughton pipeline are a shot in the arm during the rebuilding period,” Mr Stewart said. There are mo... more

Construction begins on Australia’s biggest lithium processing plant

Construction of the $1 billion Albemarle Kemerton Plant in Western Australia, Australia’s largest lithium processing plant, has commenced. The plant will become Australia's largest lithium hydroxide plant, with approval to produce up to 100,000 tonnes per annum of premium battery grade lithium hydroxide. Western Australia is currently the number one global producer of lithium, the second largest global producer of rare earths, the third largest global producer of cobalt and the fourth largest global producer of nickel. The Government of Western Australia is working with Albemarle to ensure job opportu... more

Construction commences on Australia’s first thermal waste-to-energy facility

Premier of Western Australia Mark McGowan, and Federal Minister for the Environment Melissa Price, have officially ‘turned the sod’ at Australia’s first thermal waste-to-energy facility in Kwinana, Western Australia. The facility, named Avertas Energy, will use state-of-the-art technology to process 400,000 tonnes of household, commercial and industrial waste each year to significantly reduce carbon dioxide emissions by more than 400,000 tonnes (equivalent to taking 85,000 cars off Perth’s roads). Once operational in 2021, the facility will generate and export 36 megawatts of baseload electricity t... more

Transaction to create a leading West African gold producer

Endeavour Mining Corporation and SEMAFO Inc. have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of SEMAFO through a Plan of Arrangement under the Business Corporations Act (Québec). The Transaction will create a top 15 global gold producer and the largest in West Africa with six operations and an attractive growth pipeline. Due to the strong strategic rationale for local consolidation, both sets of Board of Directors have unanimously approved the Transaction. Michael Beckett, Chairman of Endeavour said the agreement will create one of the l... more

Mine expansion to boost Dominican economy for decades to come

The proposed expansion of the Pueblo Viejo gold mine will extend its life as well as its significant contribution to the Dominican Republic’s economy until 2040 and beyond. The project would require an initial investment of $1.3 billion to expand the process plant and the tailings facility. Extending its life would unlock the mine’s potential to increase exports by $22 billion and generate more than $4 billion in taxes at a gold price of $1,500 per ounce. Between 2013 and 2016, Pueblo Viejo paid $1.8 billion in direct taxes and last year its exports accounted for more than 38 per cent of the country’... more

Newcrest finalises Indonesian Gosowong mine sale

Newcrest has finalised the sale of its Newcrest Singapore Holdings Pte Ltd (NSH) to Indotan Halmahera Bangkit for $90m. NSH owns 75 per cent of PT Nusa Halmahera Minerals (PT NHM), which operates the gold and silver Gosowong mine in Indonesia. All conditions precedent have been satisfied and economic ownership has transferred with an effective date of 31 December 2019. The sale of NSH follows a strategic review of the asset by Newcrest and to comply with the amended PT NHM Contract of Work which required at least 51 per cent of PT NHM to be owned by Indonesian parties by 30 June 2020. Newcrest Managing ... more

Copper mining company reacts to market uncertainty

Copper Mountain Mining Corporation has revised its mine plan and project schedule at its Copper Mountain Mine, located in Southern British Columbia, Canada, in response to current market conditions and uncertainty. In order to maintain positive margins and cash flow amidst near-term copper price uncertainty as a result of the Coronavirus’ impact to metal prices, the company will make the following changes: Deferral of Ball Mill #3 installation capital expenditures, saving US$22 million in 2020. Reducing operating costs by re-sequencing short term production to lower cost mine phases. Preserving h... more