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West Australian iron ore major Fortescue Metals Group has appointed materials handling equipment company RCR Mining Technologies to design and construct the primary crushing plant and overland conveyor for the $US287M Queens development project at its Solomon Hub in the Pilbara region.
Combined value of the contract is about $80M.
RCR has named Primero Group to provide engineering support and construction services...
West Australian miner Matsa Resources has outlined significant financial potential for the proposed development of a 600,000tpa gold ore treatment plant at its Lake Carey project 70km south of Laverton.
While its exact location is not finalised, Matsa says it would be central to the company’s Red October, Devon and Fortitude mines and offer potential to unlock other mining opportunities and low-grade stockpiles that are currently...
Eldorado Gold has launched a mutually agreed $C132M bid for all the shares of TSX-listed QMX Gold it does not already own.
Eldorado currently owns 17% of QMX. Under the deal, each QMX shareholder will get $0.075 cash and 0.01523 of an Eldorado common share for each QMX share held.
The ultimate success of the agreement significantly increases Eldorado’s footprint/landholdings in Canada’s Abitibi Greenstone Belt by about 550%, the QMX properties...
Americas gold-silver miner Yamana Gold has completed its mutually agreed $C152M cash/shares takeover bid for the shares it does not hold in Monarch Gold and its 1.8Moz gold reserves Wasamac underground gold project in the Abitibi region of Quebec, Canada.
Wasamac consists of 5 well developed ore shoots within a single, continuous shear zone with a consistent grade distribution and wide mining widths, making it amenable...
Lynas Rare Earths has reached agreement with the US government for construction of a $US60M commercial light rare earths separation plant, with the costs shared by the world’s only non-Chinese commercial separated rare earths producer and the Defense Department.
The plant is expected to produce about 5,000tpa rare earths products including 1,250tpa NdPr using material directly from Lynas’s under-development cracking and leaching plant in Kalgoorlie,...
International diamond miner Lucapa has set a production record of 23,669ct in FY2020 while posting solid operational performances in the Dec qtr (Q4) at its Lulo project in Angola and Mothae project in Lesotho as the market recovery from late 2020 continues into the new year.
Its 40%-owned Lulo alluvial project delivered 6,447ct (Q3: 4,170ct) at 9.9cphm (6.7cphm), including two 100ct-plus gem quality stones among 231...
Australian-based explorer Blackstone Minerals plans to upscale the proposed downstream refining operation it proposes as an adjunct to its Ta Khoa nickel-copper-PGE project in Vietnam after signing a non-binding supply agreement with global commodities trader Trafigura.
The letter of intent relates to a potential agreement for Trafigura to supply nickel and cobalt products for processing to supply the...
BCI Minerals has gained a record $A10M EBITDA for the Dec qtr (Q2FY21) from its stake in the Iron Valley iron ore project as it nears a final investment decision on its proposed Mardie salt and potash development in Western Australia.
The Iron Valley mine, operated by miner and mineral services company Mineral Resources, shipped 1.6Mt in the period when iron ore prices averaged about $130/t. The profit result included...
West Australian miner Mount Gibson Iron is facing six months of lower sales as it completes overburden stripping at Koolan Island and accelerated development of the Shine project after posting Dec qtr (Q2FY21) total sales of 930,000wmt, down from 1.37Mt in the previous period.
Despite heavy overburden stripping, excessive wet season rains and the Nov 2020 rockfall that requires additional ground support measures in the Main Pit footwall, Koolan Island...