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The mining and infrastructure planning for the potential 1.5Bt Pilbara Iron Ore Project in Western Australia is back in the hands of local company Flinders Mines following the withdrawal of its former JV partner BBIG Group from a proposed integrated port and rail development.
Flinders has entered binding agreements with BBIG to acquire the infrastructure assets, including planned new port facilities at Balla Balla on...
The Australian government has significantly boosted its financial support for Hasting Technology Metals’ Yangibana rare earths project, boosting its Northern Australia Infrastructure Facility loan to $A220M.
The NAIF support, reaffirming national commitment to the critical minerals sector, now represents more than half the total debt financing of about $400M for the project in the WA Gascoyne region. NAIF had previously approved a $140M...
Developer Leo Lithium is assembling more evidence for a possible life extension at West Africa’s likely first spodumene producer, its Goulamina project in Mali, by posting a 31% increase in its total resource to 142.3Mt @ 1.38% Li2O.
Trigger for the increase is a 152% jump in resources at the Danaya Domain, within the broader Goulamina project, to 56.1Mt @ 1.24%. Danaya’s resource model also reveals further exploration potential and new drilling targets...
Australian explorer Athena Resources has posted a 24% increase in contained iron ore in a mineral resource update as it nears publication of a preliminary feasibility study on its 100%-owned Byro FE1 project in WA’s Midwest.
The MRE by international consultant Entech Mining has grown Byro’s indicated and inferred fresh rock resource to 29.3Mt @ 24.7% Fe. Its Davis Tube Recovery results remain 70.7%.
Athena says it’s a key to...
A scoping study for Madagascar-focused flake graphite explorer Evion Group predicts strong returns from the construction of a battery anode material plant in Europe to process graphite concentrate from its Maniry project.
Together with its Nov 2022 DFS that predicted strong financial returns and a technically robust mining operation at Maniry capable of producing 39,000tpa over its first three years and 56,400tpa for the rest of a 21-...
Record second-half performance across its West Australian mine and rail system has enabled global giant Rio Tinto to lift its Pilbara iron ore production to 324.1Mt for the year to Dec 2022, a 1% improvement on the previous year. Iron ore shipments were 321.6Mt, level with FY2021.
With its new Gudai-Darri operation expected to reach sustained nameplate capacity during the year, Rio Tinto maintains its Pilbara shipments FY2023 guidance...
Australian developer Group 6 Metals is offering shareholders an escape route over soaring costs on the redevelopment of its 100%-owned Dolphin tungsten mine on King Island off the Tasmanian coast.
Group 6 says construction is on schedule for first tungsten concentrate production in early 2023, but costs for EPC contractor Gekko Systems are running about 14% or $A7.5M above its contracted value.
It blames the...
Specialised metals producer and trader OM is opening up new market sectors beyond steelmaking for its Samalaju smelter complex in Sarawak, Malaysia by converting one of its ferrosilicon furnaces to produce higher-value silicon metal.
OM says producing silicon metal at 98-99% purity will enable diversification into aluminium, chemicals and ultimately the solar energy industry via polysilicon production.
Now going through hot...
Latrobe Magnesium has lined up an Americas sales route for the expanded output of its magnesium production plant now under construction in Victoria, Australia through an exclusive distribution agreement with global manufacturer and trader Metal Exchange Corp.
The new deal updates their existing 2019 agreement to match LMG’s plan to grow the 1,000tpa demonstration plant to a 10,000tpa commercial production facility.
LGM says the...
Australian miner Kingston Resources’ Mineral Hill gold and copper mine in NSW has bounced back from severe weather impacts in the previous month to achieve record monthly gold production of 1,347oz in December 2022. The result, achieved at AISC of $A1,607/oz, exceeded its previous record 1,339oz in October and continued an upward trend for the mine at Cobar through 2022.
Gold sales were 1,217oz at $2,678/oz. Kingston...