Esmarie Iannucci

https://staging1.creamermedia.com/

Esmarie Iannucci

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

Triton gets mining concession in Moz

30th August 2023 ASX-listed Triton Minerals has been granted a 25-year mining concession for its Cobra Plains graphite project, in Mozambique. Triton had previously held an exploration license over the Cobra Plains project and had sought an extension or modification to this license. The company said on... →

Northern Minerals raises A$25m

30th August 2023 Rare earths developer Northern Minerals has announced a A$25-million capital raise to advance its Browns Range project towards a final investment decision in the first half of 2024. The company on Wednesday said it had successfully placed more than 833.3-million shares, at a price of 3c each, to... →

29Metals announces major capital raise

30th August 2023 ASX-listed 29Metals has launched a A$151-million entitlement offer to fully fund the Capricorn Copper recovery plan and near-term capital projects at Golden Grove. The equity raise will be undertaken through a 1-for-2.2 accelerated non-renounceable entitlement offer priced at 69c a share.... →

BHP cuts the ribbon at new training center

30th August 2023 Diversified miner BHP has cut the ribbon at its FutureFit Academy in Western Australia, as part of its commitment to create 2 500 new traineeships and apprenticeships nationally over five years and build the skills needed for modern mining. Launched in 2020, the BHP FutureFit Academy offers... →

Aus releases greenhouse gas storage acreage

30th August 2023 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the release of new areas for exploration for offshore greenhouse gas storage to help Australia lower emissions and meet net-zero commitments, saying it would further grow the momentum to deploy carbon capture,... →

Woodside gets Trion approval

30th August 2023 The Mexican regulator, Comision Nacional de Hidrocarburos, has approved oil and gas major Woodside Energy’s field development plan for its Trion project. Woodside in June approved the $7.2-billion Trion development, subject to joint venture and regulatory approval. Both of these conditions have... →

Lynch walks away from Sayona

29th August 2023 The share price of lithium miner Sayona Mining fell on Tuesday following the announcement of CEO and MD Brett Lynch’s resignation, before recovering slightly. Lynch will depart the company with immediate effect, with current non-executive director James Brown being appointed as interim CEO. →

Record production narrows Red 5 losses

29th August 2023 Record gold production has seed ASX-listed Red 5 narrow its losses in the 12 months to June. Gold production in the full year to June increased from 66 871 oz to 165 544 oz, with gold sales increasing from 64 315 oz to 164 974 oz. Sales revenue for the full year increased from A$164.9-million... →

West African closes strong first half

29th August 2023 Gold miner West African Resources has reported a solid first half of 2023, despite a 12% fall in gold sales. The miner on Tuesday reported revenues of A$309.6-million for the six months to June, down 4% from the previous corresponding period, as gold ounces sold declined from 123 561 oz to 198... →

Andromeda updates Great White economics

29th August 2023 An updated definitive feasibility study (DFS) into the Great White kaolin project, in South Australia, has increased the expected revenue and net present value estimates, while decreasing capital cost expectations. ASX-listed Andromeda Metals this week reported that based on the 300 000 t/y... →

Black Cat raises exploration funds

29th August 2023 Junior Black Cat Syndicate will raise A$8.3-million in a share placement to fund exploration work at its Western Australian gold assets. The company on Tuesday said it had received firm commitments for the placement of some 36.88-million shares from institutional and sophisticated investors,... →

Apollo strikes a deal on Serbian copper

29th August 2023 ASX-listed Apollo Minerals has struck a conditional agreement to acquire Edelweiss Mineral Exploration, which holds the Belgrade copper project in Serbia. The project consists of four licenses covering some 202 km2, and formed part of the Serbian copper exploration project portfolio held by... →

Alliance members vote for industrial action at Chevron

29th August 2023 US energy major Chevron is facing industrial action with Offshore Alliance members at the company’s Western Australian gas facilities issuing a notice of intention to take protected industrial action. Offshore Alliance members at Gorgon, Wheatstone Downstream and Wheatstone Platform have each... →

A$3bn boost to WA's electricity grid

29th August 2023 The federal and Western Australian governments have inked a landmark agreement to bolster the state’s energy security. The Commonwealth-Western Australia Rewiring the Nation deal would expand and modernise the electricity grids in Perth, the South West, and the North West Pilbara region. →

Lynas unveil cost increases at Kalgoorlie

29th August 2023 Rare earth miner Lynas has announced a cost-blow out at its Kalgoorlie rare earths processing facility, while falling revenue and inflation pressures have eaten into profits for the year ending June. Lynas CEO and MD Amanda Lacaze said on Tuesday that an updated project budget for the Kalgoorlie... →

Bowen adjusts strategy as costs rise and prices fall

28th August 2023 Coal miner Bowen Coking Coal will adjust the mine plan a its Burton Complex in order to preserve capital amid tightened market and pricing conditions. The miner said on Monday that while the initial focus at the Burton Complex had been on the Broadmeadow East pit, the Ellensfield South Pit... →

Gold Road posts solid results

28th August 2023 Gold miner Gold Road Resources has closed a strong first half to June, with gold sales and revenue up. Gold sales during the six months under review reached 80 115 oz, up from the 79 606 oz in the previous corresponding period, with production benefitting from record throughput rates at the... →

bp plans investment decision at H2Kwinana in 2024

28th August 2023 Energy major bp will take an investment decision on the H2Kwinana project, in Western Australia, in 2024, and is aiming to start production by 2026. The company last week completed its concept development study, which identified two potential base case scenarios, with the hub producing either... →

Ramelius posts solid year

28th August 2023 Gold miner Ramelius Resources has reported a 396% increase to its statutory net profits after tax for the full year ended June. The gold miner reported statutory net profits after tax of A$61.6-million, up from the a$12.4-million reported in the 2022 financial year, due in part to lower non-cash... →

Base swings to a loss

28th August 2023 Despite a robust performance from its Kwale operations, in Kenya, mineral sands miner Base Resources has finished its 2023 financial year with a loss of $4.8-million. The ASX- and Aim-listed company on Monday reported a non-cash impairment of $88.9-million following the reassessment of the... →

Strike won't increase the offer for Talon

28th August 2023 ASX-listed Strike Energy on Monday said it would not increase its bid for fellow-listed Talon Energy, in the absence of a superior offer. Under the current scheme, Talon shareholders will receive 0.4828 new Strike shares for each Talon share held. In parallel with the scheme, Talon would look to... →

First Quantum joins Rio in copper JV

28th August 2023 Diversified miner Rio Tinto has formed a joint venture (JV) with fellow major First Quantum over the development of the La Granja copper project, in Peru. Following the completion of conditions including regulatory approvals from the government of Peru, First Quantum has acquired a 55% stake in... →

CEO exit casts shadow on Fortescue results

28th August 2023 Iron-ore major Fortescue has reported record shipments during the 2023 financial year, while also announcing the departure of CEO Fiona Hick only six months after her appointment. Hick’s February appointment had followed the resignation of Elizabeth Gaines. →

Photo by Bloomberg
Fiona Hick

Zenith strikes deal with QMines

28th August 2023 Junior Zenith Minerals has struck a deal with fellow-listed QMines to divest of its Develin Creek copper/zinc project, in Queensland, for up to A$4.5-million in cash and shares. "We are pleased to advise of the divestment of the Develin Creek copper/zinc project to QMines. The divestment... →

Qld invests more into IPP

25th August 2023 The Queensland government this week pledged a further A$53.5-million to the Industry Partnership Program (IPP) to support new industries. Deputy Premier Steven Miles said the funding would focus on key priority areas, including critical minerals processing, manufacturing and product... →

QPM completes Moranbah buy

25th August 2023 ASX-listed Queensland Pacific Metals (QPM) has completed the acquisition of the Moranbah gas project, transforming the company into the sixth largest domestic gas producer on the Australian exchange. The transaction also transformed the company into a revenue generating entity with a pathway to... →

BCI gets credit approval for Mardie finance

25th August 2023 Potash developer BCI Minerals has received credit approvals for A$650-million of project finance for its Mardie salt project, in Western Australia. The company on Friday said that the Northern Australia Infrastructure Facility (NAIF) has approved a A$490-million project finance facility for... →

Ramelius extends Musgrave offer

25th August 2023 Gold miner Ramelius Resources has extended its takeover offer for fellow-listed Musgrave Minerals until September 15, and has reiterated that it will not be improving on its offer, in the absence of a competing bid. The gold miner is offering one of its own shares for every 4.21 Musgrave shares... →

Value-add should be key to Australian prosperity - Minister

25th August 2023 Australia’s future prosperity will centre on its ability to value-add, rather than just relying on extraction, Industry and Science Minister Ed Husic said this week. “Australia has had a fantastic economic run for most of the last three decades. We’ve capitalised well on our natural resources... →

Intergenerational report reveals changes to mining future

25th August 2023 The net zero transformation would see global demand for some of Australia’s exports decline, while creating new markets and opportunities for its industries, the government’s Intergenerational report found. Released this week, the report identified five major forces that would shape the... →

More needs doing on decarbonisation - Minister

25th August 2023 The latest results from the Quarterly National Greenhouse Gas Inventory has highlighted the need for greater action on decarbonisation said Climate Change and Energy Minister Chris Bowen. The March inventory showed that emissions were estimated at 465.9-million tonnes of carbon dioxide... →

Pilbara posts record production and sales

25th August 2023 Lithium miner Pilbara Minerals has closed a stellar financial year, reporting record production and sales, as well as a 326% increase in net profits, which was reported at A$2.4-billion. The ASX-listed company reported a 64% increase in spodumene production which reached 620 100 t during the... →

bp a step closer to hydrogen FID

25th August 2023 PERTH (miningweekly.com) – Energy major bp is a step closer to a final investment decision (FID) on its energy hub H2Kwinana, having completed its concept development phase study. The study identified two potential base case scenarios, with the hub producing either 44 t/d of green hydrogen or 143... →

Namibia uranium mine restart slated for 2025

25th August 2023 Mining operations at the Langer Heinrich mine, in Namibia, is expected to restart by June 2025, Paladin Energy CEO Ian Purdy said. Speaking to Mining Weekly Online on the sidelines of the Diggers & Dealers conference, Purdy said that the first 15 months of operations at the Langer Heinrich plant... →

Paladin CEO Ian Purdy

Sierra Rutile closes difficult H1

24th August 2023 ASX-listed Sierra Rutile has reported lower profits and revenue for the half-year ended June as production fell. The company previously noted that rutile and ilmenite production was impacted by the mineral separation plant (MSP) at its Sierra Leone operations being offline for most of June as a... →

Record sales for Regis

24th August 2023 Despite a record year of sales, gold miner Regis Resources has reported a statutory net loss of A$24-million for the 2023 financial year, compared with a profit of A$14-million in the previous financial year. The company said on Thursday that the net loss is primarily a result of a higher cost... →

Coolgardie pours first gold

24th August 2023 ASX-listed Focus Minerals has poured its first gold at its restarted Coolgardie gold operations, in Western Australia. The junior resumed openpit mining earlier this year, and is progressing the resumption of gold production with the recent commissioning of its 1.2-million tonne a year Three... →

St Barbara widens loss

24th August 2023 Gold miner St Barbara widened its loss from A$160.8-million to A$429.1-million during the 2023 financial year. The miner said that the loss included a non-cash after tax impairment of A$298-million for the Atlantic operations, and A$74-million for the Simberi operations during the half-year, as... →

Woodside avoids strike, but Chevron remains in the crosshair

24th August 2023 Oil and gas major Woodside has avoided industrial action at its North West Shelf operations, offshore Western Australia, reaching an agreement with the Offshore Alliance employee representatives. The Offshore Alliance said in a statement on Thursday that workers were supportive of the... →

Whitehaven profits soar as prices recover

24th August 2023 Despite a fall in production, coal miner Whitehaven Coal has reported a solid 2023 financial year, with revenues and profits increasing. The ASX-listed company has reported a 23% increase in revenue for the year ended June, reaching A$6-billion, up from the 4.9-billion reported in the 2022... →

Northern Star hits sales targets

24th August 2023 PERTH (miningweekly.com) – Gold miner Northern Star Resources reached its production targets in the full year ended June, with the miner selling 1.56-million ounces of gold at an all-in sustaining cost of A$1 759/oz. This was in line with the target of between 1.56-million and 1.68-million... →

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe