Location of the Mining Lease and Exploration Licence in the Northern Territory. Image courtesy of Lucapa Diamond Company Limited. On Monday, Lucapa Diamond Company Limited (Lucapa) announced that it had entered into a binding Asset Sale Agreement (ASA) for the acquisition of a 24 square kilometre mining lease (Mining Lease or MLN 1154), a 283 square kilometre exploration tenement (Orbit Tenement or EL 26944) and associated equipment and assets (together, the Merlin Assets) from Merlin Operations Pty Ltd (Merlin Operations). The Merlin Tenements are located approximately 720 kilometres south-east of Darwin in the Northern Territory. The Mining Lease contains 11…
Image taken at OZ Minerals’ Prominent Hill copper-gold mining operation in South Australia. Image credit: OZ Minerals. Inspire Resources Inc.™ and the Think & Act Differently™ incubator powered by OZ Minerals Ltd have announced the signing of a Memorandum of Understanding to collaborate on understanding opportunities around scalable, adaptable and modular mining. OZ Minerals and Inspire are jointly exploring this space, as the discovery of further opportunities could lead to changes in the way future mines are designed. Inspire Resources is a Canadian for-purpose corporation formed in 2019 to implement a new mining-centred business model for community-owned, technologically advanced development…
Location of the Shymanivske iron ore deposit. Image credit: Black Iron Inc. Canadian-based exploration and development company Black Iron Inc. (Black Iron) has selected Cargill, Incorporated (Cargill) for offtake rights on the initial four million tonnes (Mt) per year of production from its Shymanivske iron ore project (the Project) and a US$75 million finance facility to be used for Project construction. Located in Kryviy Rih, Ukraine, the Shymanivske Project contains a NI 43-101 compliant mineral resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 32.0 per cent total iron and…
Cristobal Garcia-Huidobro. Image courtesy of Lithium Power International. Lithium Power International Limited has announced that its joint venture company, Minera Salar Blanco S.A. (MSB), has entered into a non-binding Memorandum of Understanding (the MOU) with the Japanese conglomerate Mitsui & Co., Ltd., (Mitsui) to set up a strategic alliance to advance the development of the Maricunga Project (the Project). The Maricunga Lithium Brine Project is located approximately 170 kilometres northeast of Copiapo and 250 kilometres from the Port of Caldera. A Definitive Feasibility Study (DFS) was completed for Maricunga in January 2019. The DFS outlines that Maricunga supports the production…
Location of the Fort Cady and Salt Wells Projects. Image credit: American Pacific Borates Limited. American Pacific Borates Limited (ABR or the Company) has signed a Letter of Intent (LOI) with Compass Minerals America Inc. (Compass Minerals), a subsidiary of NYSE-listed Compass Minerals International, Inc., to progress negotiations with respect to Compass Minerals taking responsibility for the sales and marketing of sulphate of potash (SOP) from ABR’s Fort Cady Borate Mine. The Fort Cady Project is located in the southeastern desert region of San Bernardino County, California. It is near the town of Newberry Springs, approximately 50 kilometres east of…
Big Sandy, Extensive Lithium Mineralised Sediments. Image credit: Hawkstone Mining Ltd. Hawkstone Mining Ltd (Hawkstone) is now trading on the US-based OTCQB market under the code of OTCQB: HWKMF. This important step in the growth aspirations for the company follows on from the significant interest shown by North American investors and is part of Hawkstone's strategy to raise awareness of the 100 per cent owned Big Sandy Lithium project in Arizona, USA. Hawkstone's Managing Director, Paul Lloyd, said: “We are very pleased to commence trading on the OTCQB as part of raising the company’s profile in the USA. With a…
Image: Two diesel-electric trucks being used at a mine in Queensland. With a trend towards a low carbon future, we look at some of the opportunities, trends and challenges in reducing the carbon footprint of commodities and the mining operations that supply the industry, and find out whether it is really is possible to build a ‘green mine’. Are there opportunities in mining to reduce emissions (emissions produced directly by the mining operation, or power consumed in the mining operation? For the cynics out there, a green mine is now possible given the nature of technology now available. Today, there…
