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Brazilian mining giant Vale has reaffirmed its 307-332M tons FY2019 iron ore and pellet sales guidance despite a National Mining Agency order to suspend work on one mining front at its 30Mtpa Brucutu mine in Minas Gerais state.
Vale says the order relates to ANM's belief it had exceeded its approved reserve limit in the affected area, despite the company’s insistence it fulfilled all the agency’s requirements. The company will take...
A day after the shock shareholder vote rejecting a $A100M investment plan, South Australian miner Havilah Resources has been served with a challenge to chairman Mark Stewart and independent director Martin Janes.
In their call for a special shareholder meeting, an investor group with company founder and former executive chairman Bob Johnson nominated Victor Previn and Richard Buckley as replacement directors.
Yesterday's vote to reject the...
Mineral Commodities is positioned to continue operations for a further 10 years at its 50%-owned Tormin mineral sands project in South Africa’s Western Cape province following approval of two mining right renewals.
While it’s been able to continue through the renewal application process, exec chairman Mark Caruso says security of tenure will enable Tormin to increase production and pursue its goal of sustaining long-term mining and...
Coal giant Coronado Global Resources has awarded a 6-year, $A1.3B mining services contract over the northern operations of its Curragh project in Qld’s Bowen Basin to CIMIC Group contractor Thiess.
The new contract, awarded after a competitive tender process, covers overburden removal and haulage, coal mining and run of mine rehandling services, equipment maintenance and pit dewatering.
It's additional to Thiess’s existing scope of...
Havilah Resources shareholders have rejected UK industrialist Sanjeev Gupta’s GFG Alliance’s up to $A100M proposed investment in the iron ore/copper developer’s South Australian projects that could have given GFG at 51% stake in the company.
Today’s EGM vote saw 76.4% of shareholders vote against the move and 23.6% for it. The EGM vote centred around Havilah’s Technical Director Dr Chris Giles, whose Trindal P/L...
Havilah Resources shareholders have rejected UK industrialist Sanjeev Gupta’s GFG Alliance’s up to $A100M proposed investment in the iron ore/copper developer’s South Australian projects that could have given GFG at 51% stake in the company.
Today’s EGM vote saw 76.4% of shareholders vote against the move and 23.6% for it.
The deal, earlier described as transformational by Havilah, would have established a...
Australian gold producer Evolution Mining has committed to stepping up its exploration of the Drummond Basin near Charters Towers, Qld after electing to proceed to stage 2 of its earn-in agreement with Andromeda Metals.
Having completed $A2M expenditure to earn 51% of Andromeda’s Drummond gold project within 12 months of its 2-year commitment, Evolution has agreed to spend another $4M within 2 years for 80% ownership.
Andromeda...
Centrex Metals is now targeting late 2019 for the start of mining and processing operations at its flagship Ardmore phosphate project near Mount Isa in NW Qld, Australia after completing on-site assembly of the 70tph modular start-up plant.
The company has now begun targeted marketing of concentrate parcels, contracting for mining, crushing and logistics, and reviewing near-term funding options.
The plant may be readily upgraded to...
West Australian gold miner Blackham Resources is raising $A7M to fund pre-production work at the Williamson openpit, new tailings storage facility and rod mill refurbishment as part of its key mine development to underpin FY20 production at its Matilda-Wiluna gold operations 750km NE of Perth.
It’s completed a $4M placement at $0.01ps – a 16.7% discount to its last closing price - to targeted international and domestic investors, to be...
Additional drilling by Ramelius Resources has delivered at least 12 months’ more life at the high-grade Vivien project, one of the three West Australian mines underpinning its drive towards 200,00oz total gold production in the June 2020 financial year.
Recent drilling at the mine 15km west of Leinster has added 30,000oz to its ore reserve below the previous mine plan, taking it to 74,000oz (420,000t @ 5.5g/t).
Ramelius says it will support Vivien’...