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Diversified explorer Arcadia Minerals says its confidence in the 80%-owned Swanson tantalum-lithium project in Namibia after receiving an offtake and construction funding letter of intent from Chinese multinational HeBei Xinjian Construction.
The company hopes to finalise a transaction in the March 2023 qtr covering concentrate offtake and funding on a profit-share basis to construct and commission tantalum and lithium...
In a historic ruling, a Queensland court has said the massive Clive Palmer-owned Galilee Basin coal project should not go ahead because of its contribution to climate change, its environmental impacts, and because it would erode human rights.
The case was mounted in 2020 by a First Nations-led group of young people aged 13 to 30 called Youth Verdict. It was the first time human rights arguments were used in a climate change case in Australia.
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New Australian producer Tombola Gold expects initial cashflow this week from its 93%-owned Golden Mile project under a pre-sale agreement signed with substantial shareholder Ilwella for the N Qld mine’s first 200oz gold output.
While small, the presale deal will be a precursor to the contracted sale of the remaining production to the Australian Bullion Co.
Tombola predicts production will grow in 2023, with MD Byron Miles...
LME ($US) 3-month closing prices, Nov 27 –
Copper 7,990.00
Aluminium 2,365.00
Zinc 2,930.50
Nickel 25,485.00
Lead 2,122.00
Tin 22,365.00
NASDAQ ($US) closing prices, Nov 25 –
Palladium 1,830.80
Platinum 987.80
Copper 3.6305
Silver 21.609
Gold 1,768.80
NYMEX ($US) 62% Fe CFR China, market close, Nov 25 –
Iron ore 92.74
Holidays –
Nov 28: Albania (Flag and Independence Day)
Nov 28: Chad (Proclamation of the Republic)
Nov 28: Congo-Brazzaville (Republic Day)
Nov 28: Malaysia (Elections Victory Public Holiday)
Nov 28: Mauritania (Independence Day)
Nov 28: Timor-Leste (Proclamation of Independence Day)
Nov 29: Albania (Liberation Day)
Nov 29: Liberia (William Tubman’s Birthday)
Nov 29: Vanuatu (Unity Day)
Nov 30: Barbados (Independence Day)
Nov 30:...
For the first time in Australia, a specialist land and natural resources court has adopted climate change and human rights arguments to oppose a giant thermal coal mine development.
The Queensland Land Court recommends the state government deny a mining lease and environmental authority for the 40Mtpa Galilee mine proposed by mining entrepreneur Clive Palmer’s Waratah Coal.
The court’s decision may be challenged in the state...
An Australian court has set a first in environmental conditions for a resources development, rejecting plans by controversial entrepreneur Clive Palmer for a giant thermal coal mine on the grounds of its potential impacts on climate change.
The Land Court of Queensland, which rules on issues relating to land and natural resources, ruled carbon emissions from the burning of the 40Mtpa output of the Galilee mine owned by Palmer’s private vehicle Waratah Coal posed an unacceptable risk to...
Company - Toubani Resources Inc
Toronto-based company focused on the Birimian Greenstone Belt in West Africa including projects in Mali.
Nov 2022: Commenced trading on ASX
Talison Lithium has continued the build-up of operations at its Greenbushes mine in Western Australia, issuing a notice of a 7-plus-2 years contract award to Action Drill & Blast. The contract, due to commence in July 2023, is valued at about $A300M over the initial term.
It covers ore, waste, pre-split and RC grade control drilling together with loading, stemming and initiation of bulk explosives. Action will source its plant...
Peninsula Energy is on a pathway to restarting production in the March 2023 qtr after completing a positive financial investment decision for its 100%-owned Lance uranium project in Wyoming, USA.
The FID for the $US290M development slated to produce 14.4Mlb U3O8 over 14 years from a JORC resource of 53.7Mlb is supported by a fully underwritten $A32M placement and $3M share purchase plan.
They’ll fund the completion of works...