On 8 March 2016, General Mining Corporation Ltd, along with its project partner Galaxy Resources Limited, announced the signing of two binding Term Sheets with two China based buyers for the sale of 60kt of spodumene concentrate (USD 600/t) in 2016, and a further 120kt in 2017 (subject to price agreement in the December quarter 2016) from the Mt Cattlin mine in Western Australia. Completed Offtake agreement details The Company is pleased to announce that it has now signed a binding tri‐party offtake agreement with one of the offtake parties, and GMM’s exclusive selling and settlement agent, Tokyo based Mitsubishi…
The re-opening of Central Queensland’s Isaac Plains Mine underlines the solid long-term prospects for the Queensland resources sector. Officially re-opening the mine near Moranbah in central Queensland, Premier Annastacia Palaszczuk said the mining sector was doing it tough, but demand remained strong for Queensland’s resources and expertise. “As the re-opening of Isaac Plains here today in Central Queensland shows, investors still have confidence in Queensland and our resources,” she said. “We have new faces, like Stanmore Coal, and new investors who are calling the bottom of the market, stepping up and creating jobs, like the 150 jobs here at Isaac…
The $1.4 billion Dugald River zinc project has gained special status to help cut red tape and create hundreds of jobs in north Queensland. State Development Minister and Minister for Natural Resources and Mines Dr Anthony Lynham has granted “prescribed project” status to MMG Ltd’s project, 85 km north-east of Mt Isa. “Projects like Dugald River are critical to economic development and job creation in the north-west during these tough times caused by ongoing resource commodity price lows,” Dr Lynham said. “Granting it prescribed project status will allow the Coordinator-General to assist MMG to navigate processes and timely approvals through…
Western Australian State Development Minister Bill Marmion has toured the Roy Hill project, the State's newest - and the nation's biggest - single-pit iron ore mine. "Roy Hill celebrated its first shipment in December 2015, and is now in the process of ramping up to its full production capacity of 55 million tonnes per annum," Mr Marmion said. "At full capacity, five ore trains per day will run between the mine and port facilities at Port Hedland, all controlled via Roy Hill's state-of-the-art remote operations centre in Perth. The Minister said the mine is expected to operate for more than…
Minister for Industry, Resources and Energy, Anthony Roberts, has announced that a billion dollar project in the State’s central west to mine rare metals and rare earths has now passed its final hurdle and will go ahead. “The Environment Protection Authority (EPA) has granted an Environment Protection Licence to Alkane Resources after the company had already been granted a Mining Lease last December after it had met a rigorous government approval process. “Known as the Dubbo Zirconia Project, the mine will produce up to 30,000 tonnes of specialty metals and rare earths per year which are highly sought after to…
Thousands of new jobs in regional Queensland have come a major step closer with approval of the mining leases for the $21.7 billion Carmichael coal mine and rail project in the State’s Galilee Basin. Premier Annastascia Palaszczuk said Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham had today approved the grant of three individual mining leases about 160km north-west of Clermont. “This is a major step forward for this project after extensive government and community scrutiny,” the Premier said. “Some approvals are still required before construction can start, and ultimately committing to the project…
The approval of a new $1 billion rare earth and metals mine in Dubbo is great news for the region, the state and national economies, and the New South Wales minerals sector, says Australia’s resource industry employer group, AMMA. “AMMA welcomes New South Wales granting an environment protection licence to Alkane Resources, in what was the final regulatory hurdle after a decade long process for the Dubbo Zirconia Project,” says AMMA executive director, policy and public affairs, Scott Barklamb. “Following construction which will create 450 jobs, this project will produce 30,000 tonnes of rare metals and rare earths annually and…
Rio Tinto will soon commence planning for the wind-down of operations and the eventual closure of New Zealand Aluminium Smelters (NZAS) following the conclusion of its strategic review which highlighted that the business is no longer viable given high energy costs and a challenging outlook for the Aluminum industry. As a result, NZAS has given Meridian Energy Limited notice to terminate the power contract, which will end in August 2021, when the wind-down of operations is expected to complete. The strategic review concluded that the smelter, which has made Rio Tinto an underlying loss of NZ$46m in 2019, is not…
Norwegian-based international energy company, Equinor, is leading a project to develop one of the UK’s – and the world’s – first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage (CCS). The project, called Hydrogen to Humber Saltend (H2H Saltend), provides the beginnings of a decarbonised industrial cluster in the Humber region, the UK’s largest by emissions. H2H Saltend supports the UK government’s aim to establish at least one low carbon industrial cluster by 2030 and the world’s first net-zero cluster by 2040. It also paves the way for the vision set out by…
Following the recently completed resource estimation for the Santa Comba tungsten and tin project in Spain, Rafaella Resources Limited has updated the mineral resource estimate for the project by 103 per cent. The increase demonstrates the outstanding potential of the Project and underpins the mine plan and feasibility studies currently underway. The company intends to recommence drilling numerous prospects once the feasibility study is completed to add both tonnage and grade to feed the future expansion of the project. Rafaella’s Managing Director Steven Turner said the resource update significantly increases the level of confidence in the Santa Comba Project and…
Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State-Owned Power Plant at Tavan Tolgoi, Mongolia. The agreement, which is a revision of the Power Source Framework Agreement (PSFA) signed in 2018, states that the parties will work towards finalising a Power Purchase Agreement by the end of March 2021. In addition, the amended PSFA sets a proposed timetable for development, with the construction of the coal-fired power plant set to begin no later than…
Anson Resources Limited is planning to commence exploration on its uranium and vanadium lodes claims at its Yellow Cat Project in Utah, USA. The 85 Lode claims, which were pegged by the company in 2019, form a prospective exploration land package for both uranium and vanadium rich mineralisation which covers an area of 708 hectares. Anson advised that a recent review of historical drilling programs at Yellow Cat identified high-grade uranium and vanadium mineralisation results. They noted that the 38 per cent increase in uranium spot price recorded over the past three months, together with high-grade historical results and recent…
Mineral exploration and development company, Kodal Minerals plc, has provided an update on the progress of the Bougouni Lithium Project Mining Licence application in Mali and an update on its gold exploration properties in Mali and Cote d'Ivoire. The Bougouni Project covers an area of 350km2 and is located approximately 180km south of Bamako, the capital of Mali, and benefits from established infrastructure via a sealed road from Bamako. According to Kodal, the Feasibility Study accompanying the Mining Licence application has been accepted by the Ministry of Mines and Petroleum of Mali. The Ministry of Mines and Petroleum confirmed that no…
Equinor (formerly Statoil and StatoilHydro) and SSE Renewables, the two companies behind the world’s largest offshore wind farm Dogger Bank, have just revealed plans to build a new Operations and Maintenance Base at the Port of Tyne in the UK. The Dogger Bank Wind Farm is a 50:50 Joint Venture between Equinor and SSE Renewables. Construction of the wind farm, led by SSE Renewables, officially commenced in January 2020 and as operator for the operations phase, Equinor will construct this new Operations and Maintenance base, and operate the wind farm for its expected life of more than 25 years. The overall wind farm comprises three…
