Core Lithium CEO steps down

Australian producer Core Lithium has announced that Gareth Manderson will step down as chief executive officer, effective 18 March. Current finance chief Doug Warden will assume the role as interim chief executive officer while an executive search is underway. The leadership changes follow a strategic review as the company restructures its business in response to a rapid decrease in prices…

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MacKellar wins contract extension in Queensland

North American Construction Group said its subsidiary MacKellar Group has been awarded a five-year contract extension by a major metallurgical coal producer in Queensland, Australia.  The new contract is good through June 30, 2030, and requires the addition of two loading units and one service truck, which will be purchased in Q4 2024. This will bring the total dedicated fleet…

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Lake Resources slashes global workforce

In an attempt to further reduce costs, Australian lithium developer Lake Resources said it will cut its global headcount by 50% across its non-core operational and administrative workforce. Furthermore, Lake said it will continue to evaluate the monetization of non-core assets and lithium tenements unrelated to its flagship Kachi project in Argentina. Lake estimates a further 30% reduction in expenditures…

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Hexagon enhances safety at Savage River mine

Hexagon said it has successfully deployed its MineProtect Operator Alertness System (OAS) at Grange Resources’ Savage River magnetite iron ore mine in Tasmania, Australia.  “As mine manager, one of my key objectives is to have a safe workplace,” said Matthew Anderson. “Hexagon’s OAS has enabled proactive fatigue monitoring, fostering a no-blame culture that supports operators and endeavours to improve their…

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South32 closes door on coal with Illawarra sale

Australian miner South32 has agreed to sell its Illawarra metallurgical coal business for $1.65 billion, exiting the coal market to focus on copper and zinc opportunities, reported Reuters. Illawarra is being sold to a consortium led by Golden Energy and Resources and M Resources. The deal comprises an upfront cash payment of $1.05 billion at completion, and a deferred cash…

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MRIWA releases new rock bolt development report

The Minerals Research Institute of Western Australia (MRIWA) has released new technology for the advancement of bolt safety in underground mines. In the new report overview of In-situ Rock Bolt Behaviour Underground, the group outlined its extensive lab testing to understand rock bolt behaviour under complex load conditions. “Physical models were prepared to simulate the shearing in underground opening with…

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Cannon Resources advances Fisher East exploration

Private equity firm Kinterra Capital said its portfolio company, Cannon Resources, has made significant advancement in expanding the resource at its Fisher East nickel project – the largest undeveloped high-grade nickel sulphide asset in Australia not owned by a major miner. Cannon saw an increase in its independent JORC Resource to 13.1 million tonnes of Indicated and Inferred mineral resources.…

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BHP board greenlights WRC project

BHP said its board of directors recently approved the Western Ridge Crusher (WRC) project, located on the traditional lands of the Nyiyaparli people, approximately 21 kilometres southwest of Newman, Western Australia. The project is a sustaining tonnes proposal for the miner’s Newman Operations, which consists of two mining sites. BHP WA Iron Ore Asset President Tim Day said this was…

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Rio Tinto, Windlab ink Gladstone renewable power deal

Rio Tinto confirmed it has signed a power purchase agreement, the largest ever for Australia, to energize its Gladstone operations in central Queensland. The miner has agreed to buy the majority of electricity from Windlab’s planned 1.4-GW Bungaban wind energy project, making it the biggest industrial buyer of renewable power in Australia. Rio Tinto officials called it a major step…

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Stanmore snatches up South32’s share of Eagle Downs

Western Australia-based South32 said its subsidiary South32 Eagle Downs has agreed to divest its 50% interest in the Eagle Downs metallurgical coal project in Queensland to a Stanmore Resources subsidiary. The miner, which owns the project along with China Baowu subsidiary Aquila Resources, is divesting its interest for US$15 million. The transaction is expected to be completed by year’s end.…

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