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If you’re an employee in the Australian mining sector, there’s some good and not-so-good tidings after several years of wages restraint in a new survey by leading global professional recruiting group Hays.
In the 2019-20 edition of its annual Hays Salary Guide, the company predicts that nearly nine out of 10 (actually 88%) of employers in the mining, resources, energy, oil and gas sectors plan to reward their employees with salary increases in their next review.
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Mining experts today re-entered a coal mine shuttered for more than 8-years after one of New Zealand’s worst industrial disasters killed 29 men, looking to investigate the cause and retrieve the remains of victims, Reuters reports.
A series of blasts ignited by methane gas ripped through the Pike River Mine on the W coast of the South Island in Nov 2010, trapping 31 men, though 2 managed to escape.
Safety concerns prompted the previous...
West Australian developer FYI Resources is on track to become the first ASX-listed company producing high purity alumina from a self-built plant with testwork results expected by end-June following completion of its pilot plant.
FYI says the results will be invaluable to advancing development of its 100%-owned Cadoux kaolin project about 220km NE of Perth, to become a fully integrated, low-risk, low-cost producer of high purity 4N+5N...
Lithium explorer Lake Resources has appointed international engineer Hatch to provide engineering and design services for its PFS-stage Kachi lithium brine project in the Catamarca province of Argentina.
MD Steve Promnitz says it’s another milestone for the project, which was shown in engineering studies to have potential lowest quartile production costs, 85-90% recoveries and over 25,000mg/litre lithium brine...
NRW Holdings has picked up another significant OEM equipment package for Rio Tinto’s $US2.6B Koodaideri Iron Ore Project in Western Australia’s Pilbara for the supply of 3 large apron feeders, 11 slide gates and 2 belt feeders worth over $A18M.
The new contract comes hard on the heels of another worth over $137M for rail and associated road works, and an earlier $65M bulk earthworks and drainage contract at Koodaideri,...
Leading global coloured gemstones producer and marketer Gemfields Group is continuing its campaign against the Zambian government’s hiking of turnover taxes on exports, despite the insistence by President Edgar Lungu that companies that don’t like the tax regime should leave the country.
Gemfields MD product & sales Adrian Banks said the introduction of a 15% export duty on emerald exports, to be paid on top of a pre-existing 6%...
Coloured gemstones producer/marketer Gemfields is continuing its campaign against Zambia’s high export duties after achieving record prices in an auction of higher quality rough emeralds from its 75%-owned Kagem mine.
The Singapore auction achieved an average $US71.85 per carat, from $68.03/ct at its previous Kagem auction in Nov 2018.
The Zambian government will claim 15% export duty plus 6% mineral royalty on the sales, an...
Lithium aspirant Bacanora Lithium has done a £22M cash deal with world lithium production major Ganfeng Lithium that will give the Chinese company a 29.99% stake in Bacanora and a 22.5% direct interest in Bacanora’s flagship Sonora Lithium Project in Mexico, with an option to go to 50% of the project.
Ganfeng’s stake in Bacanora will costs £14.4 cash for 57.6M new shares at 25pps, with the project stake costing £7.56M...
Lithium aspirant Bacanora Lithium has done a £22M cash deal with world lithium production major Ganfeng Lithium that will give the Chinese company a 29.99% stake in Bacanora and a 22.5% direct interest in Bacanora’s flagship Sonora Lithium Project in Mexico, with an option to go to 50% of the project.
The non-binding agreement, which also includes unspecified additional long-term offtake deals for both stages 1 and 2 of...
Australia-based SolGold’s PEA has come up with 4-mine production cases for the $US10.1B-$10.5B, 85%-owned Cascabel Project’s Alpala copper-gold-silver deposit in N Ecuador, producing an estimated average annual 207,000t of copper, 438,000oz gold and 1.4Moz silver in conc over an initial 25-years, based on a 50Mtpa mining scenario.
The study gives the project an NPV8% ranging from $4.1B-$4.5B and an IRR of 24.8%-26.5% at a pre-production...