Lower production and soaring costs have seen the share price for OZ Minerals bounce up and down in recent days. When BHP made its unsolicited $8.4 billion, $25-per-share takeover bid for OZ Minerals in August, the offer was quickly rejected, with OZ chief executive Andrew Cole saying it failed to properly value his company’s considerable …
The Mining & Energy Union (MEU) has recommended a boost in pay and conditions in order to attract local workers and get ahead of the skills shortage. The suggestion comes after Sojitz Blue, a Japanese mining company, applied to the Department of Home Affairs for permission to bring in foreign labour for its Queensland coal …
Read more “Pay rises the solution to skills shortage: Unions”
Tradesales has announced that it had secured the keys to a new manufacturing plant in the Avon Valley Industrial Park, 12 times the size of the company’s current factory in Cunderdin. This latest expansion comes on the heels of healthy demand for the company’s warehouse and workplace solutions and strong revenue growth in FY22. “We’re …
Read more “Tradesales announces the opening of a new manufacturing plant”
Rio Tinto has issued an open letter to the shareholders of Turquoise Hill Resources outlining the future of TRQ and reiterating its long-term commitment to Oyu Tolgoi. The open letter comes after proxy advisor Glass Lewis recommended that the Turquoise Hill’s shareholders vote in favour of the offer. The letter reads: Dear Turquoise Hill Shareholders, …
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One of the world’s largest gold mining companies operating in Australia sought a means to improve air cylinder operation for the dart valves in their flotation cells. The company installed new air servo cylinder technology from SMC Corporation Australia|New Zealand and achieved numerous benefits. Chief among them was an increase in product recovery. This air …
Read more “SMC’s servo cylinder enables improved mineral recovery rates”
Rio Tinto is seeking shareholder approval to approve a joint venture with the China Baowu Steel Group to develop the Western Range mine in the Pilbara of Western Australia, and the associated iron ore offtake agreement. Addressing shareholders in London and Perth, Rio chairman Dominic Barton said the meetings had been called because Baowu was …
Tulla Resources has received firm commitments for a $20 million two-tranche placement to fund the company’s proportion of the Norseman ramp-up in Western Australia and for working capital and offer costs. Monies will also be used for potential future optimisation and development opportunities at the asset. Tulla executive director Mark Maloney said support for the …
Increased production and sales have generated a significant $783.7 million contribution towards a cash balance of $1375 billion for Pilbara Minerals in the September quarter. The company lifted spodumene concentrate production and sales from the Pilgangoora project in Western Australia to take advantage of positive lithium raw material demand. Production of 147,105 dry metric tonnes …
Read more “Staggering Pilbara Minerals windfall from lithium demand”
Raj Surendran has been appointed as chief executive officer of Tianqi Lithium Energy Australia (TLEA), a joint venture between global lithium producer Tianqi Lithium Corporation and Australian miner IGO Limited. The appointment follows the resignation of Yasmin Liu, who led TLEA in its first year, establishing the new joint venture partnership. The board thanked Liu …
Read more “New CEO for world’s largest hard rock lithium mine”
In a world-first, the largest survey of airborne electromagnetic (AEM) data has been collected across all of Western Australia. This data collection will increase understanding of the state’s geology and resource potential – offering industry important insights to inform more targeted surveying. Resources and Northern Australia minister Madeleine King said she was delighted to announce …
Read more “Electromagnetic data unlocks critical data across WA”