News
Ukrainian President Volodymyr Zelenskyy has rejected a US proposal to acquire a 50 per cent stake in Ukraine's rare earth mineral rights. The proposal, initiated by US President Donald Trump and presented by US Treasury Secretary Scott Bessent during a recent visit to Kyiv, was intended to compensate for past…
NT government takes action on third-party merits reviews
The Northern Territory government has announced a significant move to review third-party merits review processes, aiming to streamline project approvals and boost economic growth. This decision, welcomed by the Minerals Council of Australia (MCA), comes as part of a broader effort to attract investment and secure the Territory's economic future.…
Australian startup secures $1.05m for revolutionary copper technology
A University of Queensland spin-out, Banksia Minerals Processing, has secured $1.05 million in seed funding to scale up its groundbreaking copper production technology. The funding, provided by IP Group and the Australian government's Resources and Critical Minerals Trailblazer commercialisation hub, aims to revolutionise the copper industry and address the growing…
Ballarat Gold Mine fined for blasting breach
Victory Minerals, the operator of Ballarat Gold Mine, has been issued an infringement notice and fined $11,855 by Resources Victoria's regulator for breaching its blast limit. The incident occurred in July 2024 when an underground blast exceeded the permitted level of ground vibration between 10pm and 7am. The company promptly…
Australia invests $1b in green iron, aiming to lead in low-emission steel production
In a major move towards decarbonising heavy industry, the Australian government has announced the establishment of a $1 billion Green Iron Investment Fund. The initiative aims to position Australia as a global leader in the manufacturing of low-emissions iron and steel. The fund will support the development of greenfield projects…
Oil giants make strategic moves into lithium market
In a significant shift for the energy sector, major oil and gas companies are expanding their presence in the lithium industry, signalling a strategic pivot towards the burgeoning electric vehicle (EV) market. ExxonMobil, Equinor, and Rio Tinto are leading this charge, securing strategic lithium assets, particularly in North America. ExxonMobil,…
Mining industry prepares for major JORC Code overhaul
The Australian mining sector is gearing up for significant changes to the Joint Ore Reserves Committee (JORC) Code, as revealed at the recent RIU Explorers Conference in Fremantle. Hamilton Locke Partner Deanna Carpenter delivered a keynote presentation, outlining the forthcoming updates that will reshape mineral reporting practices across the country.…
MTM Critical Metals achieves breakthrough in gallium and germanium recovery
MTM Critical Metals (ASX: MTM) has announced a significant breakthrough in the recovery of gallium and germanium, two metals crucial to the ongoing economic tensions between Washington and Beijing. The company's proprietary Flash Joule Heating (FJH) technology has successfully extracted approximately 90 per cent of gallium and 80 per cent…