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West Australian nickel miner Mincor Resources is begging customer BHP to waive its rights to claim damages or cancel its offtake agreement over production shortfalls from its Kambalda operations.
Lower than forecast Kambalda ore deliveries, blamed on disputes over arsenic levels, contributed to BHP lowering FY23 production guidance last month at its Nickel West operation.
Despite its increasing confidence of achieving its 600,...
West Australian explorer Star Minerals has underlined its confidence in the Tumblegum South gold project in WA’s Mid West region after converting 60% of its mineral resource to the indicated category.
Indicated resources now make up 27,000oz (337,000t @ 2.52g/t Au) of the updated JORC 2012 total resource of 45,000oz (616,000t @ 2.28g/t).
Star says tremendous upside remains to be investigated in ongoing feasibility studies over the...
Company - Star Minerals Limited
Perth-based company focused on exploration on gold, copper and base metal projects in Western Australia
Developer Leo Lithium has secured full funding for its share of the Goulamina first stage project in Mali through a $A106.1M transformational equity and offtake deal with JV partner Ganfeng.
The placement of 131M shares at 81cps, 67.5% above Leo’s 5-day volume-weighted average price, will result in China’s largest lithium producer holding 9.9% of the company. It will lift Leo’s pro-forma cash to $177M additional to the...
LME ($US) 3-month closing prices, May 28 –
Copper 8,139.00
Aluminium 2,243.00
Zinc 2,338.00
Nickel 21,035.00
Lead 2,075.50
Tin 24,850.00
NASDAQ ($US) closing prices, May 26 –
Palladium 1,426.10
Platinum 1,028.10
Copper 3.682
Silver 23.36
Gold 1,944.30
NYMEX ($US) 62% Fe CFR China, market close, May 26 –
Iron ore 105.41
Holidays –
May 29: Observing Countries (Whit Monday)
May 29: Azerbaijan (Day Off for Republic Day)
May 29: Nepal (Ganatantra Diwas)
May 29: South Korea (Buddha’s Birthday)
May 29: Switzerland Regions (Pentecost Monday)
May 29: UK (Spring Bank Holiday)
May 29: USA (Memorial Day)
May 30: Croatia (Statehood Day)
May 30: Nicaragua (Mothers’ Day)
May 30: Trinidad & Tobago (Indian Arrival Day)
May 31: Brunei (Armed Forces Day)...
South African miner PAF has slashed more than 20,000oz from its gold production guidance for the year to end-June, blaming slow ramp-up of continuous operations at its Barberton mines and a shortfall at Evander Mines’ underground operations on top of the industry-wide blight of Eskom power supply failures.
PAF now expects FY23 production to come in at about 175,000oz gold, down from its 195,000-205,000oz guidance.
With a late...
Global iron ore major Rio Tinto has named Primero Group to design, supply, construct and commission non-process infrastructure facilities at its Western Range mine development in Western Australia’s Pilbara region.
The contract, worth about $A54M to the NRW group subsidiary, covers the refuelling, mobile equipment maintenance, primary crusher maintenance and washdown facilities, wastewater treatment...
US-based explorer Vista Gold has been given more time to advance its 100%-owned Mt Todd gold project in Australia’s NT, with the territory government extending its exclusive development right to end-2029 plus a further 3-year option.
Mt Todd, 250km SE of Darwin, with its 6.98Moz reserves, has the potential to be one of Australia’s top 5 gold producers.
President-CEO Frederick H Earnest says the extended agreement reflects Vista’s...
First spodumene shipments are now scheduled next month at Premier African Minerals’ Zulu lithium and tantalum project in Zimbabwe, pending what CEO George Roach describes as limited modifications to allow it to reach design capacity.
The company now expects production of 1,376 tons SC6 concentrate in June, 1,137tpm in July and Aug, rising to 4,471tpm from Dec. Once optimisation is completed, spodumene float circuit...