Esmarie Iannucci

https://staging1.creamermedia.com/

Esmarie Iannucci

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

Rio to increase Gudai-Darri output

3rd November 2023 Diversified miner Rio Tinto this week said it was looking to increase capacity at its Gudai-Darri iron-ore mines, in the Pilbara, from 43-million tonnes a year to 50-million tonnes a year, at a cost of around A$130-million, through incremental productivity gains. The $3.1-billion Gudai-Darri... →

Liontown unveils A$1.13bn funding plans

19th October 2023 Lithium developer Liontown Resources has announced a A$1.13-billion capital plan to fund the development of its Kathleen Valley project, in Western Australia, after critical minerals company Albemarle this week withdrew a A$6.6-billion takeover offer. The company on Thursday announced that it... →

MARBL JV settles into new normal

19th October 2023 The amended MARBL joint venture (JV) between ASX-listed Mineral Resources (MinRes) and partner Albemarle Corporation, has become effective. The JV partners in July this year agreed to amend the terms of the JV in order to simplify the commercial arrangements between the two companies and ensure... →

Shutdowns dull Northern Star shine

19th October 2023 Gold miner Northern Star Resources has seen gold sales drop during the three months to September, but the company has maintained its outlook for the 2024 financial year. Gold sales in the September quarter reached 369 000 oz, at an all-in sustaining cost of A$1 939/oz, compared with the 426 000... →

Avenira's DSO dreams could come true

19th October 2023 A feasibility study onto a direct shipping ore (DSO) operation at the Wonarah potash project, in the Northern Territory, has proven economical for ASX-listed Avenira. The DSO operation would be focused on the development of the mineral resource at the Arruwurra phosphate deposit at Wonarah over... →

Santos faces court action, but soothes with stellar quarter

19th October 2023 The Australian Energy Regulator (AER) has started proceedings in the Federal Court against oil and gas giant Santos, alleging breaches of important record keeping obligations in the National Gas Rules relating to the Day Ahead Auction for gas pipeline capacity. The Day Ahead Auction started in... →

Rio to increase Gudai-Darri output

19th October 2023 Diversified miner Rio Tinto this week said it was looking to increase capacity at its Gudai-Darri iron-ore mines, in the Pilbara, from 43-million tonnes a year to 50-million tonnes a year, at a cost of around A$130-million, through incremental productivity gains. The $3.1-billion Gudai-Darri... →

Rio launches exclusive diamond tender

19th October 2023 PERTH (miningweekly.com) – Major Rio Tinto has launched a new exclusive sales event for some of the diamonds recovered from its Australian and Canadian mines. Known as The Beyond Rare tender, the inaugural collection showcases 48 lots of exceptional polished diamonds, including legacy inventory... →

Construction starts on Hydrogen Park in Gladstone

18th October 2023 Construction has started on A$14.5-million Hydrogen Park (HyP) in Gladstone, which would be the first city-wide renewable hydrogen blending project in Australia. Construction of the project, being undertaken by Australian Gas Infrastructure Group (AGIG), is supported by up to A$2.72-million... →

Essential shareholders back takeover offer

18th October 2023 The shareholders of ASX-listed Essential Metals has backed a takeover offer from fellow listed Develop Global. The two companies in July this year entered into a binding scheme of implementation deed under which Develop would acquire Essential, offering shareholders one new Develop share for... →

Woodside posts solid quarter

18th October 2023 Oil and gas major Woodside has reported an 8% increase in production for the quarter ended September, with production reaching 47.8-million barrels of oil equivalent. The company on Wednesday also narrowed its full-year production guidance to between 183-million and 188-million barrels of oil... →

Whitehaven strikes $3.2bn coal deal with BHP

18th October 2023 Coal miner Whitehaven Coal has struck $3.2-billion deal with diversified miner BHP and Mitsubishi Development to acquire the Duania and Blackwater metallurgical coal mines in Queensland. BHP has previously flagged plans to divest of the Daunia and Blackwater coal mines as the BHP Mitsubishi... →

The Blackwater mine, in Queensland

BHP reports a mixed bag

18th October 2023 Diversified major BHP has seen production in the first quarter ended September drop across most of its commodities, apart from copper, compared with the fourth quarter of the 2023 financial year. Copper production in the three months to September increased by 11% to 457 000 t, with production... →

BHP CEO Mike Henry

Codelco jumps into the lithium space with Lithium Power acquisition

18th October 2023 Chilean copper major Codelco has made a A$385-million takeover offer for ASX-listed Lithium Power International, offering 57c a share under a scheme of arrangement. The offer represented a premium of 119% to Lithium Power’s closing share price on September 26, and a 136% premium to the company’s... →

Curtain falls on Mt Isa underground copper mine

18th October 2023 After more than 60 years of copper mining, the Mt Isa underground copper mine and concentrator, in Queensland, as well as the Lady Loretta zinc mine, will close in the second half of 2025, with the state government providing a A$50-million support package to assist mine-workers affected by the... →

Battery Minerals proposes name change with new gold buy

17th October 2023 Junior Battery Minerals has struck a deal to acquire the Spur gold project, in East Lachlan, and has proposed a name change to Waratah Minerals to reflect its growing portfolio of gold/copper assets. The Spur project is some 14km west from gold major Newcrest Mining’s Cadia Valley operations, in... →

Aura sets exploration target at Tiris

17th October 2023 ASX-listed Aura Energy has identified exploration targets to extend its Tiris project’s current resource, in Mauritania. The company said on Tuesday that preliminary work has identified seven exploration targets in Tiris East as extensions to the existing 58.9-million pound uranium oxide... →

Syrah's Louisiana AAM facility's capital costs rise

17th October 2023 Graphite miner Syrah Resources is on track to start production at its expanded Vidalia active anode material (AAM) facility, in Louisiana, by the December quarter of this year, subject to the completion of construction, final testing, and successful commissioning. The company’s board approved... →

AIC reports higher production

17th October 2023 Junior AIC Mines has reported a record production of 12 565 t of concentrate during the September quarter, containing 3 402 t of copper at its Eloise mine, in North Queensland. Concentrate production in the September quarter was up from the 2 890 t produced in the June quarter this year. →

Genesis inches closer to Dacian target

17th October 2023 ASX-listed Genesis Minerals’ stake in fellow-listed gold miner Dacian Gold has increased to 83.08%. Genesis this week made an offer to acquire the remaining near 20% interest in Dacian, offering 0.1685 of its own shares for every one Dacian share held, implying a value of 23.5c a share to... →

Newcrest output dips

17th October 2023 Gold miner Newcrest Mining has reported an 18% fall in gold production for the three months to September, on the back of planned maintenance shut-downs. Gold production in the September quarter reached 454 312 oz, down from the 556 187 oz produced in the June quarter, while copper production... →

Rio posts another strong quarter

17th October 2023 Diversified miner Rio Tinto has delivered another strong quarter of results, with a production increase reported across all of its commodities, apart from titanium dioxide slag. “We delivered another quarter of progress and maintainedmomentum at our Pilbara iron-ore operations. We continued to... →

Core upgrades confidence in BP33 resource

16th October 2023 Lithium miner Core Lithium has reported an increase in the mineral resource estimate at its BP33 deposit, in the Northern Territory. As part of the works programme to update the feasibility study for BP33, Core has increased the mineral resource from 10.1-million tonnes, at 1.48% lithium oxide,... →

Jindalee shakes the tin

16th October 2023 ASX-listed Jindalee Resources will raise A$5.5-million to advance its McDermitt lithium project, in Oregon. The company on Monday told shareholders that it would issue up to 3.93-million shares at a price of A$1.40 each to raise the funds, with the capital raising to include a priority offer of... →

Endeavor restart to cost A$23.7m

16th October 2023 A mine restart study for the Endeavor silver/zinc/lead mine, in New South Wales, estimates that the project will require a capital investment of A$23.7-million and could support an initial ten-year mine life with significant growth potential. ASX-listed Polymetals Resources on Monday reported... →

Saturn raises cash

16th October 2023 Junior Saturn Metals will raise A$6-million in a two-tranche share placement to fund work at its Apollo Hill gold project, in Western Australia. The first tranche of the share placement to existing shareholders and institutional investors will consist of more than 28.53-million shares, priced at... →

Genesis takes another run at Dacian Gold

16th October 2023 Gold miner Genesis Minerals has made an offer to acquire the remaining near 20% interest in fellow-listed gold miner Dacian Gold under a binding bid implementation agreement. Genesis is offering 0.1685 of its own shares for every one Dacian share held, implying a value of 23.5c a share to... →

Albemarle withdraws A$6.6bn offer for Liontown

16th October 2023 Critical minerals company Albemarle has withdrawn its takeover offer for lithium developer Liontown Resources, saying it was not in the company’s best interest. Albemarle had been pondering a A$6.6-billion bid for Liontown, tentatively offering A$3 a share for the ordinary outstanding shares int... →

Fortescue opens UK tech innovation center

16th October 2023 ASX-listed Fortescue has cut the ribbon on its $23-million technical innovation centre in the UK. The Kidlington facility will focus on the technical development, testing and prototype production of batteries and zero emission powertrains for a wide range of applications, including motorsports,... →

Fortescue gets in line for US federal funding

16th October 2023 Iron-ore and green energy developer Fortescue could have access to US funding in the pursuit of its green hydrogen aspirations. The company has been selected to begin award negotiations as part of the US Department of Energy Office of Clean Energy Demonstration’s (OCED’s) development of the... →

Lotus to spin out NSW assets

13th October 2023 ASX-listed Latin Resources has announced plans to divest of its wholly owned subsidiary Lotus Minerals, which holds the Lachlan Fold Belt project, in New South Wales. The Lachlan Fold Belt project comprises six project tenements that include commodities such as copper, gold, nickel and platinum... →

DevEx raises exploration funds

13th October 2023 ASX-listed DevEx will raise A$21.1-million in a share placement and fully underwritten entitlement offer to expand its exploration programmes in Western Australia and the Northern Territory. DevEx on Friday announced it had received binding commitments for the placement of 33.3-million shares,... →

Lucapa marks successful diamond tender

13th October 2023 Diamond miner Lucapa Diamond Company has announced revenues of A$15.7-million from the sale of seven exceptional diamonds from its Lulo operation, in Angola. The company sold 534.9 ct by tender, achieving an average price of $29 401/ct. Of the seven diamonds old during the tender, the 180 ct... →

Research identifies ways to reduce lithium in lithium batteries

13th October 2023 Researchers at Monash University have developed a new lithium-sulphur battery design that reduces the amount of lithium required in a single battery. A recent paper by PhD student Declan McNamara, Professor Matthew Hill, and Professor Mainak Majumder of Monash Engineering, with Dr Makhdokht... →

Consultation to start on environmental laws

13th October 2023 The Federal government will start consultation on new environmental laws shortly, some two months ahead of schedule said Environment and Water Minister Tanya Plibersek. Experts from more than 30 groups, including environment, business, and industry, will be able to carefully examine the detail... →

POSCO eyes hydrogen for Pilbara HBI plant

13th October 2023 South Korean major POSCO and French energy generator ENGIE will conduct a pre-feasibility study (PFS) for a major renewable hydrogen project in the Pilbara. The study will determine the feasibility of using renewable hydrogen to power POSCO's proposed hot briquetted iron (HBI) plant in Port... →

More urgency needed for CCUS development - Woodmac

13th October 2023 Advisory firm Wood Mackenzie (Woodmac) has called for urgency to meet the seven-billion tonnes carbon capture required to meet the global net zero goals by 2050. Speaking in Houston this year, Woodmac’s head of carbon capture, utilisation and storage (CCUS) Mhairidh Evans said that energy... →

Newcrest shareholders vote yes on Newmont offer

13th October 2023 The shareholders of takeover target Newcrest Mining have voted in favour of the takeover offer from NYSE- and TSX-listed Newmont Corporation. Some 84.74% of Newcrest shareholders voted on Friday, with over 92.6% of the votes cast in favour of the A$26-billion offer. →

AngloGold Ashanti tests electric truck at Sunrise Dam

13th October 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... →

Alpha advances HPA circuit construction

12th October 2023 ASX-listed Alpha HPA is on track to fully commission the high purity alumina (HPA) circuit at its Stage 1 precursor production facility (PPF), in Queensland. The company said on Thursday that it was in the final stages of deploying the A$15.5-million grant funding awarded under the Critical... →

Tamboran proposes move to the US

12th October 2023 Natural gas developer Tamboran Resources has announced its intention to re-domicile the company and its subsidiaries from Australia to the US, by way of a proposed scheme of arrangement. All ordinary shares in the company will be transferred to a newly formed corporation in Delaware, with the... →

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