Australian state seeking input on mining regs

The Government of South Australia’s Department for Energy and Mining is seeking feedback on a range of potential improvements to the state’s Mining Act. The consultation seeks to ensure the Mining Act is fit for purpose and helps meet the demand in a way that, as it noted, “supports industry, community and environmental expectations.” The Mining Act 1971 and its…

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Komatsu Australia becoming PNG distributor

Komatsu Australia will now be serving Papua New Guinea customers after its acquisition of distributor UMW Niugini Limited. The business has been renamed Komatsu Niugini Limited (KNL). Sean Taylor, Komatsu Australia Managing Director, said the acquisition succeeded a change in ownership structure of the joint venture parties that previously owned UMW. The acquisition was completed on 1 May. “As a…

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Native Mineral Resources on schedule for Blackjack commissioning

Australia-based Native Mineral Resources continues to advance activities at its Blackjack processing plant and Charters Towers assets in north Queensland, where it expects to commence commissioning in June. “We continue to make strong progress at the Blackjack gold processing plant, with milestones achieved across mechanical, piping, electrical, and commissioning readiness activities during the quarter. Refurbishment works on the ball mill,…

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TerraSource Holdings sold to Astec Industries

Right Lane Industries, a privately-held industrial-holding company focused on “corporate carve-outs and other complex transactions,” said that it has signed an agreement to sell TerraSource Holdings LLC to Astec Industries for a purchase price of $245 million.  Right Lane acquired a 51% interest in TerraSource from Hillenbrand Inc. in October 2021, and worked to enhance the scale, profitability and competitiveness…

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Heliostar on track to meet projections after reactivating Mexican mine

Heliostar is on track to meet its 2025 production, sales, and cost guidance by restarting its La Colorada gold-silver mine in Sonora, Mexico, in early January. The company reported 9,082 oz of gold equivalent production and 8,034 oz of sales during the first quarter. Sales of 31,000–41,000 oz of gold equivalent are projected for this year. Full story.

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