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Australasia

Tony Rovira
Azure CEO steps down after 21 years
26th August 2024 By: Creamer Media Reporter

Lithium company Azure Minerals on Monday announced that Tony Rovira had stepped down as CEO of the company. This followed the company’s A$1.7-billion takeover earlier this year by SH Mining – a... 


China’s Zijin Mining sees increasing threats to M&A ambitions
China’s Zijin Mining sees increasing threats to M&A ambitions
26th August 2024 By: Bloomberg

Major Chinese copper and gold producer Zijin Mining Group said a slowing global economy, geopolitical tensions, and resource nationalism could restrict its overseas deal-making ambitions. Net... 


Woodside Energy earnings set to dip as investors eye strategic deals
Woodside Energy earnings set to dip as investors eye strategic deals
26th August 2024 By: Bloomberg

Woodside Energy, Australia's top independent gas producer, is on track to post a drop in interim earnings on Tuesday, with investors focusing on its deal-making strategy after the collapse of a... 


Pilbara slashes spending after plunge in profits
Pilbara slashes spending after plunge in profits
26th August 2024 By: Bloomberg

Lithium miner Pilbara Minerals has cut spending on its longer-term expansion projects after a crash in full-year net income that was driven by plunging prices for the battery metal. Capital... 


Geopacific secures investment from Chinese gold miner
Geopacific secures investment from Chinese gold miner
26th August 2024 By: Mariaan Webb

ASX-listed Geopacific Resources on Monday announced a A$2.9-million investment from a new in investor, Hong Kong-listed Lingbao Gold, to advance its Woodlark mining project, in Papua New Guinea.... 


Gold Road board confident of cash flow generation, declares dividend
Gold Road board confident of cash flow generation, declares dividend
26th August 2024 By: Mariaan Webb

The board of mid-tier Australian miner Gold Road Resources has opted to declare a dividend for the six months to June 30, despite a rain impacted half year and its negative impact on free cash... 


Chamber of Minerals and Energy of Western Australia CEO Rebecca Tomkinson
Australia names green metals advisory panel
26th August 2024 By: Creamer Media Reporter

The Australian government has tapped seven industry and labour leaders to serve on a panel that will give strategic advice on opportunities for a sustainable green metals industry. The Industrial... 


Askari sells Callawa project
23rd August 2024 By: Creamer Media Reporter

Exploration company Askari Metals has sold its Callawa project, north-east of Marble Bar in the east Pilbara for A$125 000. Muncanabout will acquire the project, comprising of E34/5842 and... 


Kingston produces first gold from refurbished plant
23rd August 2024 By: Creamer Media Reporter

Australian miner Kingston Resources has successfully processed ore from its new openpit at Pearse North into gold at the refurbished processing plant at Mineral Hill, in New South Wales. With no... 


Gold Fields CEO Mike Fraser.
Gold Fields’ big South Deep mine is being uplifted for quality-ounce longevity
23rd August 2024 By: Martin Creamer

Johannesburg- and New York-listed Gold Fields said on Friday that it is taking steps to set up its big South Deep gold mine on Gauteng’s West Rand for the long-term production of quality gold... 


Iron-ore stockpiles
BMI revises 2024 iron-ore price forecast lower to $110/t
23rd August 2024 By: Darren Parker

Market analysis firm BMI, a Fitch Solutions company, has revised down its 2024 iron-ore price forecast from an average of $120/t to $110/t, as subdued demand in mainland China amid the ongoing... 


Societe Generale exits LME trading floor in blow for exchange
23rd August 2024 By: Bloomberg

Societe Generale SA is withdrawing from the London Metal Exchange’s open-outcry trading floor, in a move that will raise fresh questions about the viability of the iconic “Ring” as a key... 


Queensland halts Byerwen mine’s heavy trucks after second fatality in a month
Queensland halts Byerwen mine’s heavy trucks after second fatality in a month
23rd August 2024 By: Mariaan Webb

Queensland’s mining regulator has issued a director suspending the use of all heavy vehicles at the Byerwen coal mine after Thursday’s fatal accident. According to the Mining and Energy Union... 


Chalice downsizes board, cuts costs as metal prices dip
Chalice downsizes board, cuts costs as metal prices dip
23rd August 2024 By: Mariaan Webb

Australian project developer Chalice Mining on Friday announced that it had reduced the size of its board and implemented additional targeted reductions in corporate overheads and project... 


Sadpo chairperson Gert van Niekerk.
South Africa’s small-end diamond producers are battling to survive, Sadpo reports
22nd August 2024 By: Martin Creamer

South Africa’s small-end diamond producers are battling to survive in a diamond situation in South Africa which is under severe pressure, South African Diamond Producers Organisation (Sadpo)... 


Eneabba stockpile
Iluka won’t complete rare earths refinery without more govt funding – CEO
22nd August 2024 By: Mariaan Webb

Mineral sands miner Iluka MD Tom O’Leary said this week that the company would not complete its rare earths refinery in Western Australia without more Australian government funding. Speaking after... 


Arrow raises cash for Simandou North, Niagra projects
22nd August 2024 By: Creamer Media Reporter

Africa-focused Arrow Minerals has announced the successful raising of A$5-million to progress its bauxite and hematite fines projects, in Guinea. The funds raised through the placement of... 


BHP's first electric excavator operational at WA iron-ore mine
BHP's first electric excavator operational at WA iron-ore mine
22nd August 2024 By: Creamer Media Reporter

Diversified major BHP has reported a milestone in its decarbonisation strategy with the introduction of its first electric excavator at the Yandi iron-ore mine in Pilbara, Western Australia. The... 


MCA disappointed by McPhillamys intervention
MCA disappointed by McPhillamys intervention
22nd August 2024 By: Mariaan Webb

Minerals Council of Australia (MCA) CEO Tania Constable has expressed the organisation's disappointment with the federal government’s decision to intervene in the McPhillamys gold project, noting... 


Whitehaven sells 30% of Blackwater coal mine for $1.08bn
Whitehaven sells 30% of Blackwater coal mine for $1.08bn
22nd August 2024 By: Mariaan Webb

Australia’s Whitehaven Coal on Thursday announced the sale of a 30% stake in the Blackwater metallurgical coal mine, near Emerald in Queensland, for $1.08-billion in cash. The ASX-listed company... 


DRDGOLD CEO Niël Pretorius.
Big win for DRDGOLD is 60 MW solar farm as it repositions for future
21st August 2024 By: Martin Creamer

The big win for surface gold recovery company DRDGOLD is the 60 MW solar farm built at Ergo in the 12 months to June 30. “I call it a R3-billion prepaid electricity facility that will take care of... 


Toubani secures A$10m for Mali gold project
21st August 2024 By: Creamer Media Reporter

Australia-listed Toubani Resources has raised A$10-million in a two-tranche placement for its Kobada gold project, in Mali. The placement comprises 58.8-million new ordinary shares at an issue... 


The White Mesa mill in Utah
FIRB approves Energy Fuels’ acquisition of Base
21st August 2024 By: Mariaan Webb

US-based Energy Fuels has received written confirmation from the Foreign Investment Review Board(FIRB)  that the Australian government has no objections to its proposed merger with ASX- and... 


Drilling rig mobilises to test gold and antimony at Hillgrove
Drilling rig mobilises to test gold and antimony at Hillgrove
21st August 2024 By: Creamer Media Reporter

An exploration drill rig is set to mobilise to the Hillgrove project, in New South Wales, next week, said ASX-listed Larvotto Resources on Wednesday. This followed the receipt of drilling permits... 


Regis books A$192m impairment on McPhillamys
Regis books A$192m impairment on McPhillamys
21st August 2024 By: Mariaan Webb

Australian gold developer Regis Resources on Wednesday announced “regrettable, but prudent actions”, including writing down the value of the now-unviable McPhillamys gold asset after a... 


St Barbara chooses saleable concentrate flowsheet for Simberi
St Barbara chooses saleable concentrate flowsheet for Simberi
21st August 2024 By: Mariaan Webb

Australian miner St Barbara has accelerated its decision-making process by selecting the saleable concentrate flowsheet option for its Simberi sulphides expansion project, three months ahead of... 


Panoramic to be removed from official list
21st August 2024 By: Creamer Media Reporter

The ASX will remove defunct nickel miner Panoramic Resources from its official list on August 28, over nonpayment of listing fees. FTI Consulting, the administrators for Panoramic Resources, have... 


Iron-ore stockpiles
Iron-ore rises for third day on China policy support optimism
21st August 2024 By: Bloomberg

Iron-ore rose for a third day — recovering more of its 9% plunge last week — on signs Chinese authorities will take more steps to try and revive the country’s moribund property market. The... 


Santos operations in Australia
Australia's Santos misses profit view on production costs, lower prices
21st August 2024 By: Reuters

Australian oil and gas explorer Santos posted a bigger-than-expected fall in first-half profit on Wednesday, dented by lower realised prices and higher production costs amid weak demand from top... 


Regis deems McPhillamys gold project ‘not viable’ following environmental declaration
Regis deems McPhillamys gold project ‘not viable’ following environmental declaration
20th August 2024 By: Creamer Media Reporter

ASX-listed Regis Resources has announced that its McPhillamys gold project is no longer considered viable due to a recent environmental protection declaration by Environment Minister Tanya... 


Australia’s Unico secures final piece of regional consolidation
20th August 2024 By: Mariaan Webb

Australia-listed Unico Silver has announced a letter of intent to buy two Chile projects from NYSE-listed Pan American Silver in an acquisition that MD Todd Williams says will elevate the company... 


Cape Town Archbishop and Renewal Programme Patron Thabo Makgoba.
Mining companies need mechanisms to solve conflicts, Marikana memorial hears
20th August 2024 By: Martin Creamer

Mining companies need mechanisms to solve conflicts by reaching consensus with stakeholders on dealing with grievances and disputes, former Minerals Council South Africa VP and current Transnet... 


large dump trucks
Aveng demerger signals possible exit from South African market
20th August 2024 By: Darren Parker

Construction, engineering and contract mining group Aveng has outlined plans to split its Australian and South African operations into two separate and independent entities. This demerger, which... 


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