Search
Breaks - ONE-CLICK INSTANT NEWS ...
WELCOME TO MiningBusiness.net’s UNIQUE WORLD MINING NEWS SERVICE.
|
Less than 18 months after US miner Cleveland-Cliffs halted all operations and scrambled to the exits, the Yilgarn region in the south of Western Australia is about to rise again as an iron ore province through the efforts of ambitious local company Mineral Resources.
The company, which bought Cleveland’s mothballed Koolyanobbing mine in July 2018 and brought it back into production within a month, has set out a new...
Australian engineering company Monadelphous has won a further 5-year contract to provide fixed plant mechanical and electrical maintenance and shutdown services to Rio Tinto at its iron ore operations in the Pilbara region of WA.
Monadelphous says the contract, including the provision of shutdowns and scaffolding, will be worth more than $A100M over the 5 years.
The Perth-based company has provided services to Rio...
A 39% increase in ore reserves has confirmed Prospect Resources’ 87%-owned Arcadia project in Zimbabwe as the world’s seventh largest hard rock lithium deposit, supporting its nearly complete DFS and extending its potential mine life beyond 15 years.
Arcadia’s proved and probable ore reserve has increased to 37.4Mt@1.22% for 457,000t Li2O and 121ppm for 10Mlb Ta2O5.
MD Sam Hosack says Prospect’s work confirms Arcadia as a globally...
Significant increases in gold (60%) and copper (25%) resources has strengthened the case for West Australian explorer Artemis Resources to move towards a scoping study to be followed by feasibility studies at its 100%-owned Carlow Castle in the West Pilbara region.
New geological and structural models by CSA Global helped update JORC inferred resources to 8Mt @ 0.6% for 48,000t copper, 1.6ppm for 418,...
Australian-based explorer MetalsTech aims to take advantage of the strong outlook for the gold sector by signing an option to acquire 100% of the advanced stage Sturec project in Slovakia, a historical 1.5Moz gold and 6.7Moz silver producer.
The project, 150km NE of Bratislava, was subject of a PFS in 2013 for openpit development and holds JORC 2004 measured and indicated resources of 1.01Moz (15.4Mt @ 2.05g/t) and inferred 310,000oz (9...
First Quantum Minerals is targeting resumption of operations in Jan 2020 at its 100%-owned Ravensthorpe nickel mine near Western Australia’s southern coast, issuing a letter of award to contractor MACA for openpit mining services including drilling and blasting, loading and haulage.
The 5-year contract is expected to generate about $A480M revenue for MACA.
They’ve agreed all major items, with finalisation of...
Growing West Australian miner Mineral Resources has set its sights on establishing a long-term iron ore operation in the southern part of the state under a newly adopted strategy to link currently stranded and undervalued deposits surrounding its existing Koolyanobbing operations in the Yilgarn region.
The company says it is finalising an operating plan that envisages steady-state production of about 11Mtpa.
It’s released a maiden...
West Australian explorer Horizon Gold plans more infill drilling to increase resource confidence on the back of a positive scoping study on the Swan North and Swift deposits at its 100%-owned Gum Creek gold project.
Gum Creek, 649km NE of Perth in WA’s Mid West region, produced over 1.1Moz gold for various owners prior to 2005 and holds current JORC resources of 1.39Moz (15.9Mt @ 2.7g/t).
The scoping study assessed opencut mining...
Global miner Rio Tinto has strongly denied claims that agreements with the Mongolian government underpinning its $US5.3B Oyu Tolgoi underground copper development in the Gobi Desert are illegal.
Responding to reports a Mongolian court found the national government did not follow due process in approving the the mine’s underground expansion, the company stated: “Rio Tinto strongly refutes any suggestion that the underground development...