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International industrial and critical minerals producer Mineral Commodities is opening the door for an early entry into the European anode materials supply chain with the signing of a strategic collaboration agreement with leading manufacturer Mitsubishi Chemical Corp.
Their MoU outlines an initial toll manufacturing agreement, with a final investment decision expected in the Sept 2022 qtr on the anode plant development.
In phase 2, that will...
Australian silica sands explorer Carbine Resources is pushing a national development strategy after agreeing terms to acquire 100% ownership of the highly prospective Sandbox project near Innisfail in Far North Qld.
Carbine says the $A8.8M acquisition from private owner FNQ Sand complements its much larger Muchea project on the other side of the country, 40km NE of Perth.
It sees the opportunity for early, low-capex development of...
Fortescue Metals Group founder Andrew Forrest will return to the chief executive role as part of a leadership shake-up designed to achieve his dream of turning the world’s fourth largest iron ore producer into a global green renewables company.
Forrest has been named as FMG executive chairman, taking the reins following the previously announced departure of CEO Elizabeth Gaines in August.
The company stressed Forrest’s role will be an interim one,...
Asset services engineer SRG Global is continuing its 35-year history with Alcoa of Australia, winning a new five-year, $A95M civil infrastructure maintenance term contract at its Kwinana alumina refinery in Western Australia.
The contract, for three years with a two-year option, covers minor civil works, bauxite residue management and bulk materials handling services at the site’s bauxite residue storage, refinery and port facilities as well as panel...
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Battery metals explorer and developer Corcel has posted a JORC resources estimate of 110Mt @ 0.81% for 891,000t contained nickel and 0.06% for 66,000t contained cobalt at its recently acquired Wowo Gap project in PNG.
Corcel says the resource confirms Wowo Gap as similar in volume and grade to its Mambare project and validates its rational for acquiring the project from Resource Mining Corp in Dec 2021...
Azerbaijan miner Anglo Asian is predicting significant changes in its production profile after lower grades reduced FY2021 gold equivalent production to 64,610oz, from 67,249oz a year earlier – comprising 48,680oz gold (FY2020: 56,864oz), 2,649t copper (2,591t) and 154,515oz silver (122,962oz).
Lower production and higher costs lifted AISC to $854/oz ($702/oz). Revenues fell to $92.5M ($102.1M) and pre-...
Canadian miner Champion Iron may add direct reduction grade pellets to the product range from its Bloom Lake openpit mine in Newfoundland’s Labrador Trough after entering a definitive purchase agreement to acquire the long-silent Point Noire pelletising facility at Sept-Iles in Quebec.
As well as the $C2.5M cash acquisition, Champion has teamed up with an unnamed international steelmaker to complete a feasibility study in 2023 on recommissioning the...
OZ Minerals is eyeing the potential to develop a major new copper region in South Australia’s Curnamona Province with the signing of an option to purchase and strategic alliance with explorer Havilah Resources over the prefeasibility study-stage Kalkaroo project.
Kalkaroo, potentially one of Australia’s largest undeveloped openpit copper-gold deposits, holds a mineral resource of 245Mt @ 0.45% Cu and 0.39g/t Au plus a...
Production from Pure Gold Mining’s PureGold Mine Project at Red Lake, Ontario, Canada, has fallen to 6,653oz in the Mar 2022 qtr (Q1 22) from Q1 21’s 6,796oz, taking the company’s net loss out to $C21.5M from a $16.8M loss.
The 100% owned operation, which entered commercial production in 2021, posted total revenue up to $18.4M from $6.4M, despite a mine operating loss up to $23.4M from a $15.6M loss. Total mined fell to 134,271t from 144,114t, but...