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Strong supply chain and reduced impacts from labour constraints and weather have enabled global giant BHP to lift Dec qtr (Q2FY23) production from its Western Australian Iron Ore operations to 66.9Mt, up from 65.1Mt in the previous period.
With a record 132Mt produced in the first half, BHP is maintaining its FY23 guidance at 249-260Mt. The ramp-up of its South Flank operation continues, on track to meet its full 80Mtpa capacity by end-FY24.
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Australian gold major Northern Star Resources is maintaining its FY23 guidance while relying on a stronger second half after posting Dec qtr (Q2) sales of 404,000oz gold at AISC of $A1,746/oz, improving on its Q1 result of 369,000oz at $1,788/oz.
It still expects to meet its target for the year to end-June 2023 of 1.56-1.68Moz gold at $1,630-1,690/oz.
NST’s Kalgoorlie operations including the Super Pit delivered 210,361oz at $1,738/oz (Q1: 215,...
Global giant Barrick Gold has fallen short of gold production guidance for the year to Dec 2022 despite achieving its best result for the year in the Dec qtr.
Barrick's FY2022 production of 4.14Moz gold was down from 4.43Moz in the previous term and about 1% short of its 4.2Moz forecast. Copper production was 440Mlb, up from 415Mlb and within its 420-470Mlb guidance.
The Canadian-based miner is targeting first production in 2028...
Global mining leader BHP has named seven junior explorers in the first cohort of its innovative BHP Xplor program, launched last year to accelerate early stage searches for critical minerals such as copper and nickel.
They were chosen from hundreds of applications for the program, which offers up to $US0.5M funding plus technical, operational and business mentoring from internal and external specialists.
While it takes no equity in the chosen companies or projects...
Australian-based explorer Ioneer has been offered a $US700M, 10-year loan by the US Department of Energy to back development of its planned long-life lithium and boron mining project at Rhyolite Ridge between Reno and Las Vegas in Nevada.
MD Bernard Rowe says the conditional commitment, which follows nearly two years of detailed technical, legal and market due diligence, is a significant milestone for the proposed...
The potential importance of the Rhyolite Ridge lithium-boron project in Nevada to the Biden administration’s push to strengthen the US domestic critical mineral supply chain has been underlined by the offer of a $US700M loan to the 100%project owner, Ioneer.
The Australian-based explorer is 100% owner of Rhyolite Ridge, the only known lithium-boron deposit in North America and one of only two known in the world.
The proposed Department of Energy loan, under its Advanced Technology...
Australian-based Kingsrose Mining’s push into the Nordic regions continues with agreement on an 8-year staged $A15M investment to earn up to 75% of the brownfield Råna nickel-copper-cobalt project in Norway.
The deal with Scandinavian Resource Holdings and Global Energy Metals Corporation highlights Råna’s past-producing Bruvann underground mine within a 25sqkm contiguous exploration licence area close...
Australian-based lithium specialist Allkem has posted record production from its Olaroz project in Argentina of 4,253t lithium carbonate for the Dec qtr (Q2FY23), up from 3,289t in the previous period. Cash costs of goods sold rose to $US4,682/t ($4,563/t).
Sales of 3,131t (Q1: 3,721t) at $46,706/t ($40,317/t) delivered revenue of $151M ($150M).
Allkem reached pre-commissioning and commissioning activities are under way on the...
Australian miner New Century Resources has withstood a planned major shutdown and wet season disruptions to produce 29,276t zinc in concentrate from the hydraulic mining of tailings at its Century mine at Lawn Hill, N Qld in the Dec qtr (Q2FY23).
The result compares with its record 35,257t in the previous period. NCZ reached the milestone of 1Mt zinc concentrate since the tailings operation commenced in 2018, placing the company in the...
Low river levels in central Kalimantan have slowed but not stopped preparations for first coal shipments from Cokal’s 60%-owned Bumi Barito Mineral mine on the Indonesian island of Borneo.
Cokal says water levels in the upper Barito River are almost back to normal, allowing coal transport to commence within days to its downstream permanent jetty where it will be stockpiled for delivery to the domestic market under its offtake agreement...