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MINE STARS ELLISON, RINEHART JOIN FORCES IN PILBARA PLAN TO OPEN UP WA STRANDED ASSETS

Australian mining entrepreneurs Chris Ellison and Gina Rinehart have joined forces in a bid to resolve the logistics issues that have prevented the development of significant stranded assets in WA’s massive Pilbara iron ore province.

IMAGE SECURES NORTH PERTH BASIN GROWTH ROUTE WITH $24M ENEABBA DEAL

West Australian mineral sands miner Image Resources has secured access to identify and secure potential development projects outside its current portfolio with a $A24M deal to acquire Sheffield Resources’ non-core Eneabba project.

STUDY HIGHLIGHTS EUROPEAN MARKET ADVANTAGES FOR ALTA ZINC’S GORNO PROJECT

Alta Zinc is looking at the start of production in H2 2024 following the completion of an initial scoping study outlining robust economics for the redevelopment of the historic Gorno zinc-lead mine in northern Italy close to Europe’s industrial infrastructure and smelter network.

WA GRAINFIELDS PROJECT GROWS INTO AUSTRALIA’S LARGEST UNDEVELOPED COPPER RESOURCE

Explorer Caravel Minerals has positioned its namesake project in the WA Wheatbelt as Australia’s largest undeveloped copper project after continued drilling and a reduction in cut-off grade to reflect revised costs and higher commodity prices delivered a 53% increase in its mineral resource.

NST $95M NEWMONT ENERGY BUSINESS DEAL LOCKS IN SUPER PIT SECURITY AND COSTS

Northern Star Resources completes a series of transactions that delivered it 100% ownership of the iconic Kalgoorlie Super Pit by exercising its option to acquire the regional power business owned by former mine manager Newmont Corporation. John Feary reports

3D RESOURCES PARTIAL SCOPING STUDY BACKS VIABILITY OF HISTORIC ADELONG GOLD PROJECT

Weather issues that have delayed drilling of one of the three major deposits have forced Australian explorer 3D Resources to release a partial scoping study of the mothballed Adelong gold project in southern NSW, but the company says it’s already enough to suggest a viable project.

RINEHART BOOSTS IRON ORE PORTFOLIO WITH JV AGREEMENT OVER 1Bt-PLUS MAGNETITE PROJECT

Entrepreneur Gina Rinehart’s Hancock Prospecting will take the lead in bringing the Mount Bevan project in Western Australia’s Central Yilgarn region to development through a $9M-plus earn-in deal with current JV owners Legacy Iron and Hawthorn Resources. By John Feary

GEOPACIFIC HALTS $200M WOODLARK GOLD DEVELOPMENT OVER EARLY WORKS CONCERNS

Australian-based project developer Geopacific Resources has delayed work for up to six months at its Woodlark gold project in Papua New Guinea after delays and issues over the costs and efficiency of pre-development activities.

RIO TINTO CUTS FY IRON ORE FORECASTS AFTER COVID IMPACTS SLOW MINE DEVELOPMENTS

The impact of COVID-19 counter-measures on labour recruitment and retention in the Australian mining sector has slowed completion of global miner Rio Tinto’s Gudai-Darri iron ore mine development and forced a cut in its FY2021 export forecasts.

STRONG PANDEMIC RECOVERY BOOSTS LUCAPA CY2021 PROFIT MARGIN FORECAST

The unexpected strength of the recovery in rough diamond prices from the COVID-19 pandemic disruptions has enabled international miner Lucapa to boost its already-ambitious profit forecasts for the calendar year.

TIETTO MINERALS DFS POINTS TO LATE 2022 PRODUCTION START AT ABUJAR GOLD PROJECT

Definitive feasibility study supports Tietto Minerals’ expectations for the Abujar gold project to be one of the Cote d’Ivoire’s largest producing gold mines.

FIREFINCH TIPS ‘IMMINENT’ APPROVAL OF GANFENG JV PLAN FOR WEST AFRICAN LITHIUM MINE

Mali government backs plans for Firefinch -Ganfeng joint venture to progress West Africa’s first large-scale hard rock lithium mine in the face of growing terrorist attacks.

NEW GRUYERE PLANT FAILURE DELIVERS HARD CHEESE FOR GOLD FIELDS AND GOLD ROAD

The Gruyere gold mine, originally billed by JV owners Gold Fields and Gold Road Resources as one of Australia’s largest and lowest-cost producers, is travelling well short of its full year guidance after the latest in a series of mechanical failures.

BASE RESOURCES NEW STUDY OUTLINES ENHANCED SCALE AND ECONOMICS FOR TOLIARA

African mineral sands producer and developer Base Resources has outlined substantial improvements in forecast production and financial returns in an enhanced definitive feasibility study for its 100%-owned Toliara project in Madagascar.

SANDFIRE RESOURCES AGREES AMBITIOUS DEAL TO ACQUIRE SPANISH COPPER COMPLEX

Sandfire Resources is targeting a quick transformation into one of Australia’s largest copper focused producers and a leading diversified global base metals producer with an ambitious $1.85B deal to acquire the large MATSA mining complex in Spain.

HIGH-FLYER FINLAYSON KEY TO GENESIS MINERALS' FUNDING, EXECUTIVE RESTRUCTURE

One of the Australian mining sector’s highest flyers, Raleigh Finlayson, has put his experience and expertise plus $7M funding behind a funding and restructuring plan aimed at building Genesis Minerals into a mid-tier gold company. John Feary reports

NICKEL MINER DOWNPLAYS FEARS OF INDONESIA IMPOSING NEW TAX ON LOW-GRADE EXPORTS

Australian-based nickel miner and processor Nickel Mines dismisses Indonesian minister’s claims of potential export tax on low-grade nickel pig iron and ferronickel exports.

FALLING PRICES AND RISING DISCOUNTS HALT VENTURE MINE AFTER FIRST SHIPMENT

New producer Venture Minerals suspends its Riley iron ore mine in Australia after just one export shipment due to the plunge in global iron ore prices.

GRAPHITE SPECIALIST TIRUPATI IN $12.5M DEAL TO BUY MOZAMBIQUE PROJECTS

UK-based integrated graphite value chain producer Tirupati will double the size of its portfolio in Mozambique with $12.5M agreement to acquire the Montepuez and Balama Central graphite flake projects from current owner Battery Minerals.

NEW CORONADO CURRAGH MINE TERM WORTH $1B-PLUS TO GOLDING CONTRACTORS

International coal miner Coronado Global Resources has signed a letter of intent with Golding Contractors for a five-year amendment of its mining services contract, with an anticipated value of up to $A1.4B at its Curragh mine in Queensland, Australia.
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ALBEMARLE LEADS PUSH FOR US MINERALS SUPPLY SECURITY WITH $50M SILVER PEAK EXPANSION

By MBM Correspondent

Global specialty chemicals company Albemarle will take a lead in the US drive for security of supply of critical minerals with its planned $50M investment to double production from its Silver Peak lithium project in Nevada.

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Albemarle Corporation

Exchange Code: 
NYSE: ALB
Website: 
http://albemarle.com

Charlotte, NC-based global specialty chemicals company with leading positions in lithium, bromine and refining catalysts.

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