AIC Mines and Demetallica are poised to consolidate and build a new Australian copper and gold mining company. Under the terms of a bid implementation agreement, AIC Mines has agreed to improve its takeover offer consideration to one AIC Mines share for every 1.3 Demetallica shares held, which the Demetallica board has agreed to unanimously …
US- based coal producer Peabody has taken initial steps to redevelop the company’s North Goonyella mine, a premium hard-coking coal longwall operation in Queensland with more than 70 million tonnes of reserves. The company’s third quarter report stated that the project would benefit from substantial infrastructure and equipment in place at the mine, including a new 300-metre …
Perth-based Arafura Rare Earths has signed a binding offtake agreement with Hyundai Motor Company and Kia Corporation to supply NdPr (neodymium and praseodymium in the form of NdPr oxide or NdPr metal at the buyer’s election). The rare earths will come from the Nolans Project in the Northern Territory over a seven-year term, and will …
Cobalt Blue Holdings has placed 6.9 million new shares at an issue price of 58 cents each to raise proceeds of $4 million (before costs). As a result of the placement, the Cobalt Blue board welcomes two new Tier 1 long-only domestic resource funds onto the register. The company intends to use the proceeds from …
Read more “$4 million injection for Broken Hill cobalt project”
Fenner Conveyors’ next generation of PowerSaver LRR conveyor belt compound creates further energy savings and reduces capital expenditure in the process. Australian Mining takes a closer look. Fenner Conveyors is placing a greater emphasis on conveyor research and development (R&D) than ever before, resulting in more efficient and more forward-thinking products. The PowerSaver low rolling …
Read more “Boosting conveyor energy savings and sustainability”
Atlas Copco’s oil-free screw blowers are designed to reduce carbon emissions by upgrading inefficient existing systems. It may sound daunting, but reducing carbon emissions is something every company can achieve. Most companies now have emission-reduction goals ingrained in their strategies, and Atlas Copco can help make these strategies a reality. An easy way for miners …
Dynamaxx Impact Cradle features a patented garland-form bed integrated with a rugged steel frame, which ensures full surface contact with the conveyor belt and provides uniform support across the impact area. The garland cradle is mounted on multiple dampeners that are specially designed to absorb heavy loads and allow multi-axis motion of the bed to …
The Melbourne Museum has put what is believed to be the world’s rarest pink diamond in on show: The Argyle Violet. The 2.83-carat Australian diamond comes from the now shuttered Argyle mine in the Kimberley region and will join the new Pink Diamonds exhibit at the museum. The exhibit is the largest collection of Australian …
This year’s International Mining and Resources Conference (IMARC) finished in Sydney last Friday, with Beacon Events chief operating officer Anita Richards calling the event “the place to be”. IMARC 2022 was held in Sydney from November 2–4 and covered topics ranging from the global energy transition to mining transparency. “A decarbonised global economy depends on …
Read more “IMARC 2022 wraps up – with 2023 already in the works”
Queensland Pacific Metals (QPM) has received Australian Federal Government approval to build and operate its Townsville Energy Chemicals Hub (TECH) project, which aims to become a leading supplier of high-grade, ethically derived advanced battery materials. The approval under the Environment Protection and Biodiversity Conservation Act represents a major milestone for QPM as it progresses towards …