IGO Limited (Independence Group)
IGO Limited (Independence Group)
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
JV partners IGO and Tianqi Lithium have taken another step in their strategy of establishing a globally significant lithium business through the $A136M cash acquisition of West Australian explorer Essential Metals.
The scheme implementation agreement will deliver Tianqi Lithium Energy Australia 100% ownership of Pioneer Dome, a 450sqkm project 130km S of Kalgoorlie that hosts the 11.2Mt @ 1.16% Li2O Dome North resource.
Australian miner IGO has lowered the FY23 production forecast at its 100%-owned Nova nickel-copper-cobalt operation in WA due to the loss of production that followed a diesel engine room fire on Dec 3.
The fire caused extensive damage to the 10MW power station operated by Zenith Energy at the Fraser Range mine site in the SE of Western Australia.
Mining activity resumed eight days after the fire but it took until Dec 21 to restart processing once new generation capacity was brought in.
JV partners Tianqi Lithium Corporation and IGO have achieved commercial production from the first train at its lithium hydroxide refinery at Kwinana, Western Australia.
Tianqi Lithium Energy Australia (Tianqi 51%, IGO 49%) is continuing product qualification and certification with potential offtake customers while it ramps up Train 1 production through 2023.
West Australian miner IGO anticipates restarting mining operations in two weeks at its 100%-owned Nova nickel-copper-cobalt operation after a weekend fire that caused extensive damage to the diesel engine room of its 10MW power station.
All operations remain suspended at the Fraser Range project 160km NE of Norseman.
IGO is working with supplier Zenith Energy to mobilise temporary generators but full restoration to operate the processing facility is expected to take about four weeks.
Australian contract miner Macmahon has won a seven-plus-two years opencut mining load and haul plus crusher feed contract at Talison Lithium’s Greenbushes mine in WA’s southwest. It expects the contract to deliver over $A1.1B revenue over its initial term.
Macmahon expects to finalise conditions and execute the contract within 30 days with Talison Lithium, the JV company owned 51% by Tianqi Lithium and IGO and 49% by Albemarle Corporation.
Strong performances from its lithium and nickel businesses saw West Australian miner IGO post record group underlying EBITDA of $A397.7M for the Sept qtr (Q1FY23), up from $258.4M in the previous period. NPAT leapt to $253.3M (Q4FY22: $107.2M).
Still mourning the sudden death this month of MD-CEO Peter Bradford, IGO reported Q1 metal in concentrate production from its Nova and Forrestania operations of 9,761t (6,509t) nickel and 2,805t (2,814t) copper.
West Australian miner/processor IGO has named chief operation officer Matt Dusci as acting CEO following the sudden death at the weekend of MD-CEO Peter Bradford.
Dusci, who has over 25 years’ experience in the mining industry, will lead the company while it conducts its internal and external search for a permanent appointee.
Chairman Michael Nossal says the appointment of Dusci, who worked alongside Bradford in setting IGO’s strategic direction, will maintain its continuity and success.
The CEO-MD of Western Australian miner IGO, Peter Bradford, has died suddenly at the age of 64. Bradford was also president of industry group Association of Mining and Exploration Companies.
The company paid tribute to his inspiring leadership in transforming IGO into a leading performer in future-facing resources.
(PERSONNEL)
The mining executive who has driven the transition of Western Australian miner IGO into a leading performer in future-facing resources, CEO-MD Peter Bradford, has died suddenly at age 64.
West Australian explorer Moho Resources has elevated the potential of its Burracoppin tenements in the Wheatbelt region after identifying several areas of anomalous rare earth elements.