Alien Metals has been granted a mining lease for the Hancock iron ore project in Western Australia by the state’s Department of Mines, Industry Regulation and Safety. The lease is good through 17 April 2045. “This is a further significant step on the pathway to production for the Hancock project. The company has made significant progress and is now in…
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In a move to gain direct access to its biggest market, Russian metals producer Nornickel said it will close its Arctic copper plant and build one in China with an unnamed partner, reported Reuters. The project is a major shift for Nornickel, which is simultaneously adapting to sanctions on Russia and to changing buying preferences in its main sales destination,…
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Alkane Resources announced the firing of the first stope blast at the Roswell deposit at its Tomingley gold operations in central New South Wales – marking the transition from ore development to production. The first stope is planned for 23,000 tonnes of ore at an average grade of 5.2 g/t gold. Roswell is a higher-grade orebody developed by Alkane to…
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A BHP senior executive said the global miner aims to receive its first ammonia-fuelled bulk carrier in 2026 as part of its plans to cut shipping emissions, reported Reuters. Rashpal Singh Bhatti, vice president of Maritime and Supply Chain Excellence at BHP, told the news agency that the company has shortlisted eight companies for the building, operation and fuel supply…
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Coal miner Peabody has completed its acquisition of Wards Well coal deposit immediately next to its Centurion mine complex in Queensland, Australia. The transaction was with seller Stanmore Resources, and carried a cash price tag of $136 million as well as a contingent royalty of up to $200 million payable after recovery of the related project investment when coal prices…
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Macmahon has executed an equipment sale agreement to sell a substantial portion of its remaining mobile equipment fleet at Anglo American’s Dawson South project in Queensland. The mobile equipment was sold at market rates, which Macmahon said were at or above book value, for cash consideration. The sale is expected to result in A$44 million of net cash inflows for…
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Thiess has secured a six-year mining services contract extension with BHP for the Mt Arthur South coal operations in New South Wales, Australia. The A$$1.9 billion contract will see Thiess continuing to operate and maintain mining equipment to support BHP’s production requirements, and working with the miner and local community toward the planned 2030 mine closure. “This contract extension acknowledges…
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Westgold Resources and Karora Resources have agreed to merge via a plan of arrangement. The combined company will have a portfolio of Western Australian assets capable of producing 400,000-plus ounces annually. The announcement follows recent news that Australian gold miner Ramelius Resources had ended discussions to purchase Canadian-based, Western Australia-focused Karora. Under the merger terms, Karora shareholders will receive 2.524…
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Perenti said its underground mining business Barminco has been awarded a new three-year mining services contract at Regis Resources’ Duketon Operations in the Goldfields region of Western Australia. The contract, valued at A$393 million, commenced 1 April for the provision of underground development, production and support services. “We’re very pleased to continue our partnership with Regis Resources at the Duketon…
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K92 Mining has confirmed it is restarting underground operations at its core area in Papua New Guinea after a Mineral Resources Authority audit found that its underground safety management plan was “good”. The Canadian-based company said the letter from the MRA for PNG vacates Form 29, which the agency issued to the miner on 13 March. Just days before that,…
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