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…
Australian precious metals mining exploration company, Prospech Limited, has received 18 rock chip samples taken from outcrop and spoil heaps, located within the company’s Pukanec exploration licence, which is part of its 100 per cent owned Nova Bana project in Slovakia. Prospech’s Nova Bana project is a package of three licences totalling 45 square kilometres situated on the western flank of the Hodrusa caldera. Of the 18 rock chip samples assayed, the company outlined that eight returned gold grades over 1 grams per tonne (g/t) of gold (Au) and of these, the average was 12.1 g/t Au. 10 of the…
Rafaella Resources Limited has contracted Geotech Limited to conduct a helicopter-borne survey over the recently acquired Midrim and Laforce claims in the Belleterre-Angliers Greenstone Belt in Quebec, Canada. The survey is anticipated to commence early next month and, subject to weather conditions, should take two weeks to complete. Rafaella states that the Versatile Time-Domain Electromagnetic (VTEM™ Max) combined with Groundfloor EM is excellent for locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity. The VTEM™ Max provides the industry’s highest signal/noise ratio and spatial resolution of conductors, offering excellent depth of penetration and high resolution.…
In December 2020, Syrah Resources Limited announced a Memorandum of Understanding (MoU) with global solar power company, Solar Century Africa Limited, to progress a solar and battery storage hybrid power system at the Balama Graphite Project in Mozambique. The solar and battery storage system aims to reduce CO2 emissions and operating costs at Balama, which is the largest integrated natural graphite mine and processing plant globally as measured by annual flake concentrate production capacity. Syrah Managing Director and CEO, Shaun Verner, said: “Progression of a large-scale solar and battery installation will reduce the operating cost base at Balama and further…
Eagle Mountain Mining Limited has announced further assay results from its recent drilling program at the company’s 80 per cent owned Oracle Ridge Mine Project in Arizona, USA. Assay results from selected zones within drill holes WT-20-06, WT-20-07, WT-20-09, WT-20-11 have been received and were reported in an announcement on 18 December 2020. Initial observations from hole WT-20-10 were also provided. Notably, WT-20-06 lead to the discovery of quartz-breccia grading 6.67 per cent copper (Cu), 63.5 grams per tonne (g/t) silver (Ag) and 0.87 g/t of gold (Au) over 2.95 metres at 210 metres downhole. The company advised that a wide…
This week the Innu communities of Uashat mak Mani-utenam and Matimekush-Lac John signed a Reconciliation and Collaboration Agreement with the Iron Ore Company of Canada (IOC). The agreement was named 'Ussiniun', which means 'renewal' in the Innu language. The Iron Ore Company of Canada (IOC) is a joint venture between Rio Tinto (58.7 per cent), Mitsubishi (26.2 per cent) and the Labrador Iron Ore Royalty Income Corporation (15.1 per cent). The IOC’s operations are integrated across a mine and processing plant in Labrador City, Newfoundland and Labrador; a port and stockpile in Sept-Iles, Quebec; and a 418-kilometre railway that joins…
The Pebble Limited Partnership (PLP) is proposing to develop the Pebble copper-gold-molybdenum porphyry deposit (Pebble Deposit) in southwest Alaska as an open-pit mine, with associated infrastructure. On 25 November 2020, Pebble Partnership CEO, John Shively, issued a statement regarding the decision by the U.S. Army Corps of Engineers (USACE) to deny the Clean Water Act 404 permit for the project. The proposed mine would have been located 100 air miles and 230 river miles from Bristol Bay, the world’s most productive salmon fishery, which generates US$1.5 billion in annual revenue and 14,000 jobs. Salmon have also sustained the subsistence culture…
Specialty metals explorer and developer Pan Asia Metals Limited has provided an update on the drilling program at the Khao Soon Tungsten Project (KSTP) located in southern Thailand. KSTP is one of PAM’s key assets and a significant historical producer. Modern exploration has discovered potentially world-class, district-scale tungsten mineralisation across numerous prospects. PAM outlines that reconnaissance diamond drilling conducted by the company has intersected robust widths and grades associated with strong surface anomalies, from which Exploration Targets have been estimated. PAM has completed 11 holes for a total of 880m over both prospects. At the Target 2 Prospect, nine holes…
