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Australian project developer Liontown Resources has boosted initial production rates by 20% at its under-construction Kathleen Valley project in the WA Goldfields, aiming to take advantage of lithium’s attractive short and medium-term pricing expectations.
Since commencing construction in Oct 2022, Liontown’s optimisation works have lifted initial plant throughput from 2.5Mtpa to 3Mtpa.
It says the move will deliver additional SC6....
West Australian miner CuFe has seen enough in the current level and direction of iron ore prices to restart mining of direct shipping ore at its 60%-owned JWD deposit, part of the Wiluna West project 700km east of Geraldton.
With prices 50% higher than when mining was suspended, exec director Mark Hancock says CuFe’s optimism for pricing through 2023 is supported by relaxed Covid-related restrictions in China and continued strong SE...
Strong Dec qtr (Q2FY23) operational performance from its Narrabri underground mine, offsetting the weather disruption of its opencut operations, have enabled Australian miner Whitehaven Coal to deliver a record interim financial result.
Q2 managed ROM coal production recovered to 4.84Mt from its dip to 4Mt in the Sept qtr. Equity sales of produced coal rose to 3.43Mt (Q1: 2.95Mt).
Subject to final audit, Whitehaven expects to report EBITDA of about...
A $US117.75M conditional package from Chinese company Hainan Mining will fully fund West African-focused Kodal Minerals’ development and commencement of production at its Bougouni lithium project in Mali.
The deal is the first entry into hard rock pegmatite mining and processing for Hainan, an iron ore, oil and gas subsidiary of global consumer group Fosun International.
CEO Bernard Aylward says it...
Australian coal producer Yancoal is primed to begin an operational recovery program in the new year after two years of “unprecedented disruptions” including labour shortages resulting from the COVID-19 pandemic and unrelenting wet weather.
CEO David Moult says Yancoal aims to restore productivity and efficiency, leading to improved production rates, but the timeline to full recovery depends partly on external factors such as weather and workforce...
Australian producer Pilbara Minerals lifted Dec qtr (Q2FY23) shipments from its Pilgangoora lithium-tantalum project in WA’s Pilbara region to 148,627dmt, up from 138,249t in the previous period. Spodumene concentrate production rose to 162,151t (147,105t).
Unit operating costs FOB Port Hedland improved to $A579/t ($612/t – restated) against average realised selling price CIF China of $US5,668/t ($4,266/t).
The company ended the...
Australian major Northern Star Holdings has awarded an enabling works contract to CPB Contractors for the tailings storage facility recommissioning project at its flagship Cadia gold and copper project near Orange in NSW.
The project will be delivered in an alliance partnership with Newcrest subsidiary Cadia Holdings.
CIMIC Group company CPB says the works associated with the...
A $US35M unsecured loan facility from major shareholder Shandong Gold International Mining has Focus Minerals fully funded for the Three Mile Hill plant refurbishment and resumption of mining and processing activities at its 100%-owned Coolgardie gold project in the Eastern Goldfields of Western Australia.
The loan facility is additional to Focus’s $20M unsecured loan with Shandong Gold Group and $10M...
A 58% increase in the Syama North deposit mineral resource to over 3Moz gold has confirmed the potential for a new openpit operation adjacent to the processing complex at West African producer Resolute Mining’s Syama mine in SW Mali.
Resolute says the 58% increase in resources comes from the better-than-expected results of infill and extensional drilling that substantiated and increased the wide zone of gold mineralisation in Aug 2022....
West Australian explorer Boab Metals is targeting a final investment decision and mining go-ahead in mid-2023 on the Sorby Hills lead-silver-zinc project in the Kimberley region, its 75-25% JV with leading Chinese lead smelter and silver producer Henan Yuguang.
The DFS outlined a $A245M pre-production capital development to produce 543,000t payable lead and 17.23Moz payable silver over 8.5 years from total proved and...