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The full story: In-depth news and analysis

BHP EYES COPPER AND NICKEL GROWTH TO FOLLOW OZ MINERALS TAKEOVER

Global miner’s focus turns to the integration of the OZ Minerals business to accelerate its copper and nickel operations after Q3 declines lower full year production guidance.

GENESIS MINERALS DECLARES ITSELF THE LEONORA LEADER UNDER $600M ST BARBARA DEAL

West Australian mining leader Raleigh Finlayson is close to realising the dream of consolidating ownership of the major assets in the world-class Leonora region with agreement by his Genesis Minerals to acquire the local assets of rival St Barbara. John Feary reports

GHANA CONSOLIDATION JV FORECAST TO CREATE AFRICA’S LARGEST GOLD MINE

International miners Gold Fields and AngloGold Ashanti are predicting significant operational synergies by optimising the mining and consolidating the infrastructure of their immediately adjacent Tarkwa and Iduapriem gold mines in Ghana.

FMG OUTLINES $200M INITIAL CAPITAL COST FOR BELINGA IRON ORE PROJECT

Fast-moving Fortescue Metals sets a H2 2023 target for first production from its international iron ore expansion, the Beninga project in NE Gabon.

DRILLING POINTS TO MORE NEAR-TERM GROWTH AT SANTANA’S LEADING KIWI PROJECT

Explorer Santana Resources has highlighted significant near-term potential for further resource growth at its 100%-owned Bendigo-Ophir project in New Zealand’s South Island after drilling assays consistently surpassed past average grades at its Rise and Shine deposit.

GLENCORE’S $1.1B SALE OF COBAR MINE HERALDS NEW AUSTRALIAN BASE METALS EMPIRE

Global miner/marketer Glencore has reached binding agreement on the $US1.1B-plus-royalty sale of long-lived Cobar underground copper mine in Australia to special purpose funder Metals Acquisition Corporation.

NEWCREST SEES MORE DECADES AHEAD WITH GO-AHEAD FOR NEW CADIA STAGE DEVELOPMENT

Newcrest Mining has given the go-ahead for the next stage development of its flagship Cadia gold and copper mine in NSW, Australia after completing a feasibility study on its panel cave PC1-2 development.

GASCOYNE RESOURCES’ DALGARANGA A VICTIM OF THE PRESSURES ON WEST AUSTRALIAN MINES

Battling West Australian miner Gascoyne Resources will turn its focus to a financial restructuring and progressing higher-grade exploration assets to support a long-term mining plan after the sudden shutdown of its flagship Dalgaranga mine.

FIREFINCH ABOUT-TURN ON RECAPITALISATION SPELLS DEATH FOR MALI’S ‘GORILLA’ GOLD MINE

Australian-based miner Firefinch has given up on its efforts to recapitalise its 80%-owned Morila gold mine in Mali, almost certainly sending the mine once known as “Morila the Gorilla” into insolvency.

GROWING LINDA PROJECT TARGET HIGHLIGHTS ZINC POTENTIAL AT FLINDERS RANGE

New laboratory assays have doubled the size of the zinc soil anomaly target at critical minerals explorer Stelar Metals’ Linda zinc project in South Australia’s Flinders Ranges, with the scale and DSO grade indicating its potential for economic mineralisation at depth.

FALL OF GROUND AFTERMATH TRIGGERS ADMINISTRATION FOR RED RIVER’S THALANGA MINE

Australian miner Red River Resources has appointed administrators to its Thalanga zinc-copper-lead mine to tackle threats to its solvency due to continuing performance issues following a fall of ground incident nearly three months ago.

MALLEE RESOURCES REACTIVATES AVEBURY NICKEL MINE IN SIX MONTHS

Explorer Mallee Resources has joined the ranks of Australian nickel sulphide producers after making a successful start to the commissioning of the processing plant at its 100%-owned Avebury project in Tasmania.

MINERAL RESOURCES STILL PONDERING STRATEGIC OPTIONS FOR LITHIUM BUSINESS

Australia mining and services company Mineral Resources is continuing to evaluate “strategic options” for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA.

CAVALIER LIFTS HOPES FOR LEONORA PROJECT AFTER FIRST DRILL CAMPAIGN

West Australian explorer Cavalier Resources reports encouraging results in recent drilling that targeted extensions to the existing resource area at its 100%-owned Crawford gold project at Leonora.

CANNON RESOURCES PUTS OUT THE JV SHINGLE FOR WA’S COLLURABBIE PROJECT

West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry following analysis of historical geophysical data at its Collurabbie nickel-copper-PGE and gold project.

ELEVATE IDENTIFIES BIG URANIUM TARGET AT NAMIBIA’S KOPPIES PROJECT

Elevate Uranium has raised the potential to add significantly to its maiden 20.3Mlb U3O8 inferred mineral resource at its Koppies project in Namibia with the identification of a mineralised zone extending over 10km and up to 1,000m wide.

MID-2023 TARGET FOR APPROVAL OF HIGH-GRADE FEDERATION DEPOSIT UNDERGROUND MINE

Australian miner Aurelia Minerals has outlined the starting physical and economic picture for the development of an underground mine at its high-grade, low-cost Federation polymetallic deposit in the Cobar Basin of central-western New South Wales.

WA NICKEL EXPLORER ST GEORGE MINING JOINS THE TREND TO FOCUS ON LITHIUM

The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.

KINGSLAND MINERALS DRILLING BREATHES LIFE BACK INTO CLEO URANIUM PROJECT

Australian explorer Kingsland Minerals has laid the foundation to grow the footprint of the Cleo uranium mineralisation based on initial assay results from its maiden drilling program in the historic Pine Creek mining region in the NT.

EXPLORATION SUCCESSES CARRY BELARAROX TO NEW PHASE IN NSW SEARCH

Australian explorer Belararox is considering the release of a mineral resource estimate next month as it progresses metallurgical testwork on targets at the historical Native Bee mine site, part of its 100%-owned Belara project in NSW.
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Equatorial Resources Limited

Exchange Code: 
ASX:EQX
Website: 
http://www.equatorialresources.com.au

Equatorial Resources Limited

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Related Content

FENIX RESOURCES: NEW CHIEF TO GUIDE IRON ORE STRATEGY REVIEW

Post date: 
11/16/2021 - 10:42

West Australian iron ore producer Fenix Resources has announced a comprehensive review of its business and operational strategies following the appointment of new non-executive chairman John Welborn.
The appointment of Welborn, current MD-CEO of Equatorial Resources and former head of Resolute Mining, coincides with the resignation of interim chairman Warwick Davies and director Richard Nicholls-Maltman. Welborn has subscribed for a $A2.3M share placement under a new director share loan plan.

MINERS SET FOR MULTI-BILLION CLAIMS OVER ROC SEIZURE OF IRON ORE PROJECTS

Post date: 
12/21/2020 - 21:01
Author Name: 
MBM Correspondent

(SOVEREIGN RISK)
The unilateral termination of existing exploration and mining rights over large potential iron ore projects in the Republic of Congo could end up in $10B-plus arbitration claims by international miners.

SUNDANCE RESOURCES: $9B CLAIM OVER TERMINATED CONGO PROJECT - Update

Post date: 
12/21/2020 - 19:08

Thwarted Central African project developer Sundance Resources has put a $US8.76B damages price tag on the action it has launched against the Republic of Congo government over its unilateral withdrawal of the mining permit over its Nabeba iron ore project.
Sundance says the damages claim equates to the iron ore price of $154/t for the giant project’s resources.
CEO Giulio Casello says the ROC’s expropriation of iron ore mining permits and exploration licences is “breathtaking in its size and audacity”.

EQUATORIAL RES: EXPLORERS TO FIGHT ROC SEIZURE OF PROJECTS

Post date: 
12/21/2020 - 18:51

Explorer Equatorial Resources has become the second Australian-based company within a week to signal international dispute resolution processes against the Republic of Congo over its unilateral termination of their rights over significant potential iron ore projects in the Central African nation.

EQUATORIAL RESOURCES: WELBORN RETURNS TO MD OFFICE

Post date: 
11/18/2020 - 11:06

Australian mining executive John Welborn will return to his old position as MD-CEO of ROC-focused explorer Equatorial Resources, five years after he left the company for a higher-profile role with Resolute Mining.
Resolute announced an unexpected parting of the ways with Welborn a month ago.

SALT LAKE POTASH: EQUATORIAL $10M BACKS LAKE WAY SOP PROJECT

Post date: 
07/02/2020 - 20:29

West Australian potash developer Salt Lake Potash has raised $A15M through the issue of unsecured convertible notes to support the ramp up of construction activities at its Lake Way SOP project in the Goldfields region, with $10M of the issue taken up by Equatorial Resources.
Equatorial describes its investment as opportunistic, allowing it a discounted entry into a currently undervalued company.

EQUATORIAL RESOURCES: ALLIANCE SET TO ADVANCE ROC IRON PROJECT

Post date: 
02/04/2020 - 10:33

Australian-based explorer Equatorial Resources has teamed with Rock Mining SARL to advance the development of its 100%-owned Badondo project, a large direct shipping ore hematite target in the NW of the Republic of Congo.
Endeavour says Rock’s strong regional relationships and experience will support its work with the ROC govt to secure a mining licence, regional collaboration and transport infrastructure. Rock will be issued 20% interest under the strategic alliance.

EQUATORIAL RESOURCES: MIDUS AIMS TO FAST-TRACK ROC PROJECT

Post date: 
10/30/2015 - 22:46

New owner Midus Global plans to rapidly advance development of the Mayoko-Moussondji iron project in NW Republic of Congo following its $A5M acquisition from Equatorial. Completion of the sale is due in early Nov.
Midus, a subsidiary of privately owned commodity trader Interalloys, aims to begin small-scale production in 2016. Equatorial will also received a 2% royalty on all production.

RESOLUTE MINING: WELBORN GOING UP IN THE EXECUTIVE STAKES

Post date: 
05/13/2015 - 07:37

Australian mining executive John Welborn will move up two floors at a popular Perth mining business address with his appointment as MD-CEO of miner Resolute Mining.
The former rugby international has headed Republic of Congo iron ore project developer Equatorial Resources since 2010 from offices on level 2 of a building on The Esplanade in Perth’s CBD. Mali and Australian gold producer Resolute lists its head offices on level 4 in the same building.

CONGO REPUBLIC EXTENDS TAX BREAKS TO DEVELOPER EQUATORIAL RESOURCES

Post date: 
12/10/2014 - 14:26
Author Name: 
MBM Correspondent

Equatorial Resources has been promised valuable tax breaks by the Republic of Congo in the mining convention underpinning development of its planned $US231M Mayoko-Mousondji iron ore project.

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Mining Billboard

Insights and analysis from leading industry commentators

AUSTRALIA’S PILBARA AND EYRE PENINSULA WELL PLACED FOR A ‘GREEN’ STEEL BOOST

(COMMENTARY) Mining of the long-neglected magnetite iron ore could be a major beneficiary of Australian ambitions to become a global leader in the drive to achieve net zero, under a solution that would see green hydrogen plants developed next to green steelworks to boost efficiency and kickstart both industries.

DESPITE POLITICAL DIATRIBES, LIDDELL CLOSURE POINTS TO A BRIGHTER FUTURE

(COMMENTARY) The closure this month of Australia’s oldest coal-fired power station, the 52-year-old Liddell facility in New South Wales, will end one era but simultaneously lead to another in which the nation could open up new energy opportunities.

NEWCREST OFFERS CONDITIONAL COURTING RIGHTS AFTER REBUFFING SUITOR NEWMONT

(MERGERS AND ACQUISITIONS) Australian gold major Newcrest Mining has kept itself in play for more possible mergers and acquisitions discussions after rebuffing a $US16.9B second feint from Newmont Corporation and posting solid advances in the December half-year.

US GOVERNMENT BACKS IONEER PROJECT AS KEY TO CRITICAL MINERALS SUPPLY SECURITY

(DEVELOPMENT) The US government has recognised the potential value of Ioneer’s Rhyolite Ridge lithium-boron project in Nevada to the national push for security of critical minerals supply with the offer of a $700M development loan.

SAUDI MINING GIANT SEEKS MORE GROWTH THROUGH INTERNATIONAL PARTNERSHIPS

(EXPLORATION) Saudi Arabia’s majority government-owned mining company Ma’aden has unveiled three new initiatives using partnerships with international miners and the nation’s massive investment capacity to advance a new phase of domestic and international growth.

GLOBAL COAL USE REACHING ALL-TIME HIGH ... BUT INDUSTRY TRENDS POINT TO RAPID DECLINE

(COMMENTARY) The global use of coal for electricity generation will hit record levels this year, but lack of new investment in export-driven coal projects supports the expectation that peak coal has been reached and will rapidly decline in the face of global pressure on fossil fuels.
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