Esmarie Iannucci

https://staging1.creamermedia.com/

Esmarie Iannucci

Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.

Sierra Rutile still in talks with govt

12th October 2023 ASX-listed Sierra Rutile on Thursday said that the company’s’ discussions with the government of Sierra Leone regarding the renegotiation of the terms of the Area 1 fiscal regime, as set out in the Third Amended Agreement, were still ongoing. The company earlier this year flagged that the... →

Whitehaven clears another court hurdle amid shareholder unrest

12th October 2023 Coal miner Whitehaven Coal has welcomed the Federal Court’s dismissal of an application for judicial review proceedings over the company’s Narrabri Stage 3 extension project. Greens group the Environment Council of Central Queensland Inc, started legal proceedings in June this year against two... →

Hancock reaches ownership objective in Liontown

12th October 2023 Unlisted Hancock Prospecting has achieved its targeted stake objective of a 19.9% ownership in lithium developer Liontown Resources, as that company extended its due diligence talks with critical minerals major Albemarle. On announcing its 19.9% shareholding milestone, Hancock Prospecting said... →

Newmont shareholders vote on Newcrest deal

12th October 2023 The shareholders of NYSE- and TSX-listed Newmont have backed A$26-billion takeover offer for Australian gold miner Newcrest Mining. Newmont noted that more than 96% of the votes cast at the company’s shareholder meeting were voted in favour of the acquisition. →

Besra receives $10m from Quantum

11th October 2023 Gold developer Besra Gold has received the first $10-million from shareholder Quantum Metal Recovery under a $300-million gold purchase agreement. Under the gold purchase agreement, Besra would sell Quantum refined gold from its Bau gold project, in Malaysia, or any other project owned to the... →

OMH fined for 2019 fatality

11th October 2023 ASX-listed OM Holding’s subsidiary, OM Manganese, has been fined A$487 500 for a 2019 fatality at its Bootu Creek manganese mine, in the Northern Territory. A wall failure at the Tourag pit resulted in the fatality of a 59-year old mining employee. →

Volt signs potential supply deal with the US DoD

11th October 2023 Graphite producer Volt Resources has inked a letter of intent (LoI) with US firm M2i Global Inc to supply up to 20 000 t/y of graphite to the US Department of Defence (DoD). Under the LoI, M2i will attempt to secure graphite procurement contract with DoD for up to 20 000 t/a of graphite for... →

Electrolyser manufacturing offers opportunity for WA

11th October 2023 A Western Australia-based electrolyser manufacturing facility could inject some A$200-million a year to the state’s economy, a new report has found. The state government partnered with international hydrogen technology companies by ITM Power and Linde Engineering to develop a business case for... →

Nickel Industries pulls the $1.26bn trigger at ENC

11th October 2023 ASX-listed Nickel Industries has taken a final investment decision on its participation in the Excelsior nickel/cobalt (ENC) high pressure acid leach (HPAL) project in Indonesia. ENC is expected to produce some 72 000 t/y of contained nickel equivalent across three major Class 1 nickel products.... →

Lion One pours first gold in Fiji

11th October 2023 ASX- and TSX-listed Lion One Metals has poured its first gold at its Tuvatu alkaline gold project in Fiji. The company said on Wednesday that construction of the Tuvatu mine had been completed ahead of schedule, with commissioning starting in September. →

Develop adds to Woodlawn mine life

11th October 2023 Junior Develop has announced a 40% increase in the resource estimate for its Woodlawn copper/zinc mine, in New South Wales, paving the way for an increased mine life from the current seven years to more than ten years, based on a processing capacity of 850 000 t/y. Develop on Wednesday told... →

Syrah green energy plant proves its mettle

11th October 2023 Graphite miner Syrah Resources has achieved full operation of its solar and battery hybrid system at its Balama operations, in Mozambique. The company on Wednesday said that the 11.25 MWp solar photovoltaic (PV) array, which incorporated 20 832 solar modules with a surface area of some 53 800... →

Mining starts at Honeymoon

11th October 2023 Mining activities have started at the Honeymoon uranium project, in South Australia, with the project on track and on budget to start production this quarter. ASX-listed Boss Energy told shareholders that the first wellfield was being pre-conditioned in the lead-up to in-situ recovery feeding... →

Rio completes Kennecott solar plant

11th October 2023 Diversified miner Rio Tinto has completed the construction of a 5 MW solar power plant at its Kennecott copper operation in Utah. The 12 800 solar panel power plant will be commissioned in coming weeks, enabling Kennecott to reduce its operational emissions by 3 000 t/y of carbon dioxide... →

ACCC clears Origin takeover

10th October 2023 The Australian Competition and Consumer Commission (ACCC) has granted approval for the A$18.4-billion acquisition of ASX-listed Origin Energy by a consortium consisting of includes Brookfield Asset Management and MidOcean Energy. The A$9 a share proposed acquisition comprises two interdependent... →

Wickepin's kaolin reserves double

10th October 2023 The ore reserve estimate for the Wickepin kaolin project, in Western Australia, has more than doubled. ASX-listed WA Kaolin on Tuesday reported that the project’s ore reserve is now estimated at 64.99-million tonnes, an increase of 113% on the previously reported ore reserve, with the project’s... →

Atlantic gets approval for Ewoyaa transmission diversion

10th October 2023 Ghana’s environmental protection agency (EPA) has granted lithium developer Atlantic Lithium authorisation to divert two transmission lines that run across the planned mining areas that hold the company’s Ewoyaa lithium project. The company told shareholders on Tuesday that the planned... →

MRC resumes Skaland operations

10th October 2023 ASX-listed Mineral Commodities (MRC) has resumed operations at its Skaland graphite mine, in Norway, following a mechanical failure of the primary ore production drill rig in September this year. MRC told shareholders on Tuesday that a rental drill rig had been sourced and commissioned at... →

Lynas gets new chairperson

10th October 2023 Rare earths miner Lynas has announced that Kathleen Conlon will retire from the board as chairperson and independent non-executive director at the conclusion of the company’s annual general meeting on November 29. Independent non-executive director John Humphrey has been elected to succeed... →

St Barbara's Canadian project proves up

10th October 2023 A prefeasibility study (PFS) into the 15 Mile gold project, in Nova Scotia, has estimated a capital cost of A$207-million, or C$182-million to bring the project into production. ASX-listed St Barbara on Tuesday said that the project was expected to have an all-in sustaining cost of $992/oz, or... →

Aus to remain LNG trading giant - Minister

10th October 2023 Federal Resources Minister Madeleine King on Tuesday said that the Future Gas Strategy discussion paper, released earlier this month, was wholly cognisant of the need for Australia to consider its trading relationships in the development of the Future Gas Strategy. The federal government in May... →

Rio invests into the AJIF

10th October 2023 Diversified miner Rio Tinto will invest a further A$1.7-million to the Australia-Japan Innovation Fund (AJIF), to promote research and academic projects between Australia and Japan, and to further collaboration between industry, educational institutions and governments in the two nations. →

Hydrogen Headstart opens for applications

10th October 2023 The federal government’s A$2-billion Hydrogen Headstart program is now open for applications. Announced in the 2023-24 budget, the program aims to catalyse Australia’s hydrogen industry to take advantage of Australia’s unparalleled opportunity to be a global hydrogen leader. →

DevEx signs uranium earn-in

9th October 2023 Junior DevEx Resources has entered into an earn-in agreement over the Murphy West uranium project, in the Northern Territory. Under the earn-in agreement with private explorer Transition Minerals, DevEx could earn up to a 75% interest in the uranium mineral rights over seven granted exploration... →

Gold Fields invests in Great Southern project

9th October 2023 Gold miner Gold Fields will spend up to A$15-million to earn a 75% interest in the Edinburgh Park gold project, in north Queensland, owned by ASX-listed Great Southern Mining. Under the earn-in agreement, Gold Fields would sole-fund up to A$15-million in exploration expenditure over a six-year... →

West Wits gets funding interest from shareholder

9th October 2023 Gold miner West Wits Mining has received a written expression of interest from US-based shareholder Wingfield Partners for a debt facility to assist in the financing of the Qala Shallows project, in South Africa. Wingfield has expressed formal interest and provided indicative terms for a... →

Blacksmith to cost A$150m

9th October 2023 A scoping study into a direct shipping ore (DSO) operation at the Blacksmith iron-ore project, in the Pilbara, has estimated a capital cost of A$150-million. ASX-listed Red Hawk Mining on Monday said that the three-million tonne a year DSO operation was expected to have a mine-life of just over... →

Fortescue secures solar power for green hydrogen plant

9th October 2023 Iron-ore major and green energy developer Fortescue has struck a power purchase agreement (PPA) with ASX-listed Genex Power for 337.5 MW of new solar energy. Under the PPA, Fortescue will secure the long-term energy and renewable generation certificates from Genex’s Bulli Creek solar project,... →

BCI received credit approvals for A$981m debt funding

9th October 2023 Potash developer BCI Minerals has received credit approvals for a total project finance debt of A$981-million for its Mardie salt project, in Western Australia. The ASX-listed company told shareholders that Export Development Canada (EDC) had approved a A$150-million project finance facility,... →

Hancock increases Liontown stake

9th October 2023 Unlisted Hancock Prospecting’s stake in lithium developer Liontown Resources reached 16.7% at the end of last week, with the company saying it had paid no more than A$3 a share. Hancock was now Liontown’s largest shareholder and said in a statement that it welcomed the opportunity to... →

EcoGraf looks at BAM options in Vietnam

9th October 2023 Critical minerals company EcoGraf has inked a non-binding memorandum of understanding (MoU) with Vietnam-based VinEs Energy Solutions Joint Stock Company to evaluate a battery anode material (BAM) facility in Vietnam. EcoGraf will evaluate the potential to combine a localised graphite material... →

Winsome raises A$34m

9th October 2023 ASX- and FSE-listed lithium explorer Winsome Resources will raise A$34-million using the flow-through shares (FTS) provision under Canadian tax law. The FTS will be placed at a price of A$2.38 a share, representing a 74% premium to Winsome’s last closing price, and the shares will be... →

Anson confirms Green River plant location

6th October 2023 Lithium developer Anson Resources has confirmed the location of its proposed processing plant at the recently acquired Green River lithium project, in Utah. The company said on Friday that the confirmation of the processing plant site represents a key milestone in Anson’s development plans for... →

Bryah secures mining licences at manganese project

6th October 2023 ASX-listed Bryah Resources and its joint venture (JV) partner OM Manganese have been granted two mining licenses over the Bryah basin manganese project, in Western Australia. “The mining licences that have been granted are an important step in moving the JV’s successful manganese exploration to... →

Perenti completes DDH1 buy

6th October 2023 ASX-listed diversified mining services provider Perenti has implemented the scheme of arrangement to acquire fellow-listed driller DDH1. The two companies earlier this year entered into a scheme implementation agreement under which DDH1 shareholders received A$0.1238 cash plus 0.7111 Perenti... →

Newcrest/Newmont deal gets gov't backing

6th October 2023 Gold major Newcrest Mining on Friday said that the proposed takeover by US major Newmont Corporation was one step closer after all government regulatory approvals were obtained. The government approvals were conditions precedent to the binding scheme implementation deed under which Newcrest... →

Savannah production recovers in Sept quarter

6th October 2023 Nickel miner Panoramic Resources has seen nickel concentrate production from its Savannah nickel project, in Western Australia, improve by 56% in the three months to September. This followed on from the failure of the filter press head unit in the June quarter, which resulted in the process... →

Matsa puts its gloves up in Devon battle

6th October 2023 Junior Matsa Resources has entered into a standstill agreement with fellow listed Linden Gold Alliance over the Devon joint venture (JV). The company on Friday said that the two companies were in confidential, without prejudice, discussions and were hoping to reach a commercial dispute regarding... →

Geoscience Australia maps underground reservoirs

6th October 2023 Geoscience Australia has mapped Australia’s underground water reservoirs in a first-of-its-kind stocktake. The National Hydrogeological Inventory has mapped Australia's major groundwater-bearing basins and geological provinces. →

Pluto now fully remote

6th October 2023 Energy major Woodside is now operating its Pluto liquefied natural gas (LNG) plant, in Western Australia, remotely from Perth, some 1 500km away. The remote operations center, dubbed Moorditj Danjoo (MD) is the first 100% remotely operated LNG plant in the world. →

Hancock continues Liontown share buy

5th October 2023 Gina Rinehart’s Hancock Prospecting has acquired a further 50.7-million shares in ASX-listed Liontown Resources, taking its shareholding in the takeover target to 14.67%. The shares were acquired on market at a price of between A$2.95 and A$3 a share. →

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