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 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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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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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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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 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 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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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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International Graphite, in a first for Australia’s minerals industry, has commissioned a new micronizing plant in Collie, near Perth. The qualification-scale microniser, with a capacity of 200 tonnes per annum, is the largest in Australia and a milestone in the development of a domestic graphite industry. It will be the first to produce graphite products in Australia for customer acceptance…
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Hillgrove Resources has achieved a significant milestone with the production of first copper concentrate from the Kanmantoo underground mine in South Australia following successful commissioning of the processing facility. “Completing this transition from explorer to producer makes Hillgrove Resources one of only a few copper producers on the [Australian Stock Exchange], and doing so in eight months highlights the company’s…
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