New South Wales Deputy Premier and resources minister Paul Toole has announced that 19 organisations would share in more than $8.6 million under Stream 1 of the $130 million Critical Minerals and High-Tech Metals Activation Fund. “Critical minerals and high-tech metals are going to be crucial to future technologies like advanced manufacturing, aerospace, ag-tech and …
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The New South Wales Department of Planning and Environment (DPE) has approved Regis Resources’ McPhillamys gold project with conditions. In accordance with the prescribed process, DPE has now referred the project to the Independent Planning Commission of NSW (IPC) for final determination. The DPE stated that “on balance, the Department considers that the benefits of …
Estrella Resources has entered into an ore processing and off-take agreement with Glencore’s Murrin Murrin operations in Western Australia. The development positions the company to move forward with the bulk metallurgical extraction of 2000 to 4000 tonnes of high grade nickel sulphide ore from the 5A nickel mine located approximately 20km west-south-west of Kambalda. While …
Tombola Gold has fully acquired the Golden Mile project in Cloncurry, Queensland, increasing its ownership from 93 per cent, via successful negotiations with Aeris Resources. The company said mining at Golden Mile was underway, and it would continue to play a key role in Tombola’s vision of becoming a significant Australian gold producer. Mining activities …
WAI Resources has secured firm commitments for a placement of new shares to institutional and sophisticated investors to raise $10 million, at a price of $2 per new share. The placement will result in the issue of 5m new shares and the company having 49.8m shares on issue. WAI managing director, Paul Savich, said the …
Drilling has begun at Havilah Resources’ Kalkaroo tenements, following mobilisation of the contractor drilling rig and associated equipment to site this week. The program is funded by OZ Minerals under a strategic alliance with Havilah, and follows several months of drillhole planning and preparatory work, including heritage clearance surveys of proposed drilling sites and securing …
When BHP made its unsolicited play on OZ Minerals in August, many in the industry took it as a sign that majors are keen to get their hands on future-facing critical minerals – copper chief among them. As the world moves towards an electrified future with the goal of net-zero emissions, copper sits comfortably at …
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The $9.6 billion takeover deal will allow BHP to consolidate its copper holdings in South Australia and nickel deposits in Western Australia. “The intention of the OZ Minerals board is to unanimously recommend the revised proposal as being in the best interests of OZ Minerals’ shareholders in the absence of a superior proposal,” the OZ …
Read more “OZ Minerals board backs BHP’s takeover offer – what now?”
Hancock Prospecting has continued to make an impression at the country’s most esteemed and prestigious awards program for the mining industry, Australian Mining’s prospect Awards. The group won a trifecta of awards at last year’s event, and this year took home another trio of accolades. Roy Hill won the prestigious Mine Project Success of the …
The Queensland Resources Council (QRC) is the latest body to slam proposed thermal coal export taxes. The Federal Government announced the proposed taxes last week in a move the NSW Minerals Council called a harmful broken election promise. Now, QRC has called for cool heads and common sense to prevail over politics. “Introducing a new …