Esmarie Iannucci

https://staging1.creamermedia.com/

Esmarie Iannucci

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

Core marks first profits

29th September 2023 Lithium miner Core Lithium has marked its first full-year profit since the start of production at its Finniss lithium project, in the Northern Territory, in March this year. The ASX-listed company on Friday reported a maiden revenue of A$50.6-million and an earnings before interest, tax,... →

Colina proves up for Latin Resources

29th September 2023 A preliminary economic assessment of the Colina lithium project, in Minas Gerais, Brazil, has estimated an after tax net present value of a$3.6-billion for the combined Phase 1 and 2 operations, and an internal rate of return of 132%. ASX-listed Latin Resources on Friday revealed that the... →

Evolution awards major contract at Mungari

29th September 2023 Gold miner Evolution Mining has awarded a A$155-million contract to ASX-listed GR Engineering Services to complete plant expansion work at the Mungari gold project, in Western Australia. The scope of work is to expand the existing Mungari process plant from 2-million tonnes a year to an annual... →

Kathleen Valley costs rise

29th September 2023 Lithium developer Liontown Resources has flagged a near 6% increase in the capital cost estimates for its Kathleen Valley project, in Western Australia, following the award of all major contracts. The miner on Friday said that capital cost to first production is now estimated at A$951-million,... →

Court order hampers Scarborough development

29th September 2023 The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) this week said that it would review a Federal Court decision which found that an environmental plan for part of energy major Woodside’s Scarborough development was not legally approved and was therefore... →

Aus and France ink critical minerals cooperation

29th September 2023 Australia and France have signed an agreement to pursue stronger cooperation on critical mineral supply chains. Minister for Resources and Northern Australia Madeleine King this week signed a Bilateral Dialogue on Critical Minerals agreement in Paris with France’s Minister for the Energy... →

Alpha HPA secures Qld investment into sapphire glass

29th September 2023 The Queensland government would provide up to A$30-million in funding to ASX-listed Alpha HPA to turn locally-produced alumina into glass for smart watches and phones. The investment will be done through the A$100-million Queensland Critical Minerals and Battery Technology Fund, managed by the... →

Anax raises exploration funding

27th September 2023 Explorer Anax Metals will raise A$5-million in a non-renounceable entitlement offer to fund exploration at its Whim Creek base metals project, in Western Australia, as well as for lithium exploration initiatives. The entitlement offer is being conducted on the basis of one new share for every... →

Bastion to cut costs in Chile

27th September 2023 Junior Bastion Minerals has unveiled cost savings initiatives in Chile amid its talks with fellow-listed Hot Chili regarding the acquisition of the Cometa copper project. The two companies in late August signed a binding letter of intent (LoI) giving Hot Chili the option to acquire the Cometa... →

CCUS integral to net zero - IEA

27th September 2023 Australian carbon reduction technology investment company Low Emission Technology Australia (LETA) has welcomed the International Energy Agency's (IEA) inclusion of carbon capture, utilisation and storage (CCUS) as well as hydrogen as critical components to reach the global net zero targets. In... →

Independent estimate confirms Wonarah potential

27th September 2023 Potash developer Avenira has announced an independent mineral resource estimate (MRE) of 66-million tonnes at 30% phosphorus pentoxide at its Wonarah deposit, in the Northern Territory. Avenira told shareholders on Wednesday that the independent assessment had reinforced the deposit’s potential... →

Todd River takes major landholding in Canada

27th September 2023 Junior Todd River Resources has struck an agreement to acquire three lithium exploration projects in the Northwest Territories, in Canada, which could be transformative for the company. The ASX-listed company has entered into binding sales agreement to acquire the Ross Lake, MAC and Halo-Yuri... →

Magnetite Mines closer to securing water for Razorback

27th September 2023 Iron-ore developer Magnetite Mines is a step closer to a water solution for its Razorback project, having been granted approval from the South Australian Cabinet to progress to Step 2 of the state’s unsolicited proposal process for the company’s application to access wastewater from the Stockyard... →

Qld miners concerned about skills and rising costs - report

27th September 2023 Skilled worker shortages, government policy settings, rising costs and global economic conditions are among the main concerns for Queensland resources companies, according to a report by the Queensland Resources Council (QRC). QRC CEO Ian Macfarlane said the industry body’s latest State of the... →

Czech giant takes major stake in Coronado

27th September 2023 Czech Republic-based Sev.en Global Investments has struck a deal to acquire a 51% interest in ASX-listed coal miner Coronado Global Resources from founding company The Energy & Minerals Group (EMG). No details of the transaction were released, but Coronado told shareholders this week that the... →

Lindian signs maiden monzenite offtake deal

26th September 2023 ASX-listed Lindian Resources has inked its maiden sales and purchase contract with global commodities trader Gerald Metals. Under the terms of the agreement, Lindian will supply 45 000 t/y of monzanite concentrate from the Stage 1 development of the Kangankunde rare earths project in Malawi.... →

Avenira secures technology for LFP production

26th September 2023 Phosphate developer Avenira has inked a formal agreement with its technology partner Advanced Lithium Electrochemistry Ltd (Aleees) granting Avenira the right to use intellectual property for the manufacture and global distribution of lithium ferro phosphate (LFP) cathode active material. The... →

Allkem costs rise but projects remain economical

26th September 2023 Critical minerals developer Allkem has reported a more than $572-million cost-blow out at its capital projects being developed globally following a review and updated technical studies as part of its proposed merger with NYSE-listed Livent Corporation. The company told shareholders this week... →

ERA delays rehabilitation feasibility study

26th September 2023 ASX-listed Energy Resources of Australia (ERA) has delayed the rehabilitation feasibility study for its Ranger uranium project, in the Northern Territory. The feasibility study was initially slated for completion in September this year, however, given the need for additional studies, ERA now... →

MinRes to price $850m note

26th September 2023 ASX-listed Mineral Resources has announced a proposed $850-million senior unsecured note offering to fund general working capital. The notes will be due in 2028 and would be guaranteed by certain wholly-owned subsidiaries of MinRes. →

Black Cat secures Paulsens restart funding

26th September 2023 Gold developer Black Cat Syndicate has secured a A$60-million funding package to drive its vision to become a dominant player in three gold districts. The funding package consists of a A$45-million equity placement to Fuyang Mingjin New Energy Development Co. Ltd (Mingjin) and Southeast Mingqing... →

Walyering produces first gas

26th September 2023 First gas has been produced from the Walyering gas filed, with the gas exported into the Parmelia gas pipeline under commissioning arrangements with gas major Santos. “The commencement of production from the Walyering gas field marks a significant milestone in Strike’s history,” said ASX-listed... →

Gov'ts agree to A$100m hydrogen hub

26th September 2023 The federal and South Australian governments have finalised a grant agreement to develop the Port Bonython hydrogen hub near Whyalla. Together, both governments are investing A$100-million to develop infrastructure at Port Bonython and prepare it to become South Australia's first large-scale... →

Australian Vanadium and Technology Metals agree to merger

26th September 2023 ASX-listed Australian Vanadium has announced a A$217-million merger agreement with fellow listed Technology Metals Australia. Under a scheme of arrangement, Australian Vanadium would acquire all of the Technology Metals shares on issue, offering 12 of its own shares for every Technology Metals... →

Pacgold raises A$3.2m for exploration

22nd September 2023 Junior gold explorer Pacgold will raise A$3.2-million in a share placement to institutional and sophisticated investors. The junior will issue 16.7-million shares at a price of 19c each under its existing placement capacity. The company will issue one free attaching option for every two shares... →

Fortescue abandons carbon offset scheme

22nd September 2023 Iron-ore major and green energy developer Fortescue will forgo buying carbon offsets from this financial year onwards. The miner said in a statement on Friday that all funds allocated to carbon offsets will be diverted to Fortescue’s decarbonisation plan to achieve Real Zero by 2030, the... →

Lefroy raises funds for exploration

22nd September 2023 Junior Lefroy Exploration has received firm commitments to raise A$6.2-million to fund nickel and gold exploration in Western Australia. The company on Friday said it will place some 38.75-million new shares, at a price of 16c each, representing a 20% discount to its last closing price on... →

King to hold critical mineral talks in the UK and EU

22nd September 2023 Federal Resources Minister Madeleine King will hold bilateral talks with ministerial counterparts from Germany, the EU, France and the UK around Australia’s supply of critical minerals. The Minister will also take part in the inaugural International Energy Agency (IEA) Critical Minerals and... →

Tivan appoints Hatch to review Speewah

22nd September 2023 Critical minerals company Tivan has appointed engineering group Hatch to conduct an engineering review on the prefeasibility study of the salt roast processing pathway for its Speewah vanadium/titanium/iron project, in Western Australia. Tivan in July this year announced plans to switch its... →

RCF sells Ausenco to US investment firms

22nd September 2023 Private equity firm Resource Capital Funds (RCF) has announced plans to sell global engineering firm Ausenco to US investment firms Eldridge, Brightstar Capital Partners and Claure Group, in a deal valued at an estimated $578-million. RCF’s original investment in Ausenco stems back to December... →

Strike likely to end at Chevron operations

22nd September 2023 Industrial action at the US Gorgon and Wheatstone liquefied natural gas (LNG) operations could come to a close as unions and US energy major Chevron agreed to a deal proposed by the Fair Work Commission. Members from the Offshore Alliance working on Chevron’s Gorgon and Wheatstone platforms, as... →

Another Rio blast damages rock shelter

22nd September 2023 Diversified miner Rio Tinto on Friday said it was working with traditional owners in the Pilbara after blasting operations at its Nammuldi iron-ore mine impacted an ancient rock shelter. “As part of our cultural heritage monitoring and management processes, last month we identified the fall of a... →

Rio's QMM mine not a threat to environment - report

22nd September 2023 An independent community study into the Rio Tinto QIT Madagascar Minerals (QMM) ilmenite mine, in Madagascar, has concluded that there is no need for heightened health concerns around local radiation levels. Mining major Rio Tinto said that the analysis received on the five cycles covering... →

Australia committed to African partnerships

22nd September 2023 Australia remained committed to building a relationship with Africa, despite the recent abrupt decision by Austrade to close its office in South Africa in lieu of a desk in Nairobi. Speaking on the sidelines of Paydirt’s African Downunder conference, federal Resources Minister Madeleine King... →

Graphite developer mulling further investments in Tanzania

22nd September 2023 Graphite developer EcoGraf is weighing further investment in Tanzania, where the company is progressing its Epanko project. Speaking to Mining Weekly Online on the sidelines of Paydirt’s Africa Downunder conference, EcoGraf COO Dale Harris said the company was studying the establishment of a... →

AngloGold Ashanti tests electric truck at Sunrise Dam

21st September 2023 Gold miner AngloGold Ashanti has inked an agreement with mining contractor Barminco and equipment supplier Sandvik Mining and Rock Solutions to test the largest battery-electric underground mining truck at the Sunrise Dam operation, in Western Australia. The Sandvik TH665B made its debut in... →

APA raises A$200m in SPP

21st September 2023 Energy infrastructure company APA Group has completed its share purchase plan (SPP), raising A$200-million, well above the targeted A$75-million. The SPP formed part of a greater capital raise, which also included a A$675-million institutional placement completed earlier this year, to part-fund... →

Loyal and Winsome collaborate at James Bay

21st September 2023 ASX-listed juniors Loyal Lithium and Winsome Resources will collaborate on activities at their James Bay lithium projects, in Canada. The two companies have announced a memorandum of understanding (MoU) to facilitate collaboration to reduce the environmental and local footprint of exploration... →

Vulcan awarded another geothermal and lithium brine exploration license

21st September 2023 Dual listed critical minerals developer Vulcan Energy has been granted a new geothermal and lithium brine exploration license covering a region of Frankfurt am Main. The Luftbrücke license includes a number of large industrial areas including the Höchst Chemical Park, and Frankfurt Airport,... →

Mandilla scoping proves positive for Astral

21st September 2023 A scoping study into the Mandilla gold project, in Western Australia, has estimated that the project could produce some 845 000 oz of gold over an 11-year mine life. ASX-listed Astral Resources on Thursday said that the project would require a pre-production capital spend of some A$191-million,... →

Kinetiko takes full ownership of Amersfoort gas project

21st September 2023 South Africa-focused Kinetiko Energy has taken full ownership of the Afro Energy joint venture, having completed the acquisition of partner Badimo Gas’ interest. Kinetiko has issued Badimo with more than 495.4-million shares in the company, thus taking full ownership of Afro Energy and the... →

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