Rio partners with Pilbara Traditional Owners group

Rio Tinto will invest A$5.6 million over five years into the Pilbara Cultural Land Management Project (PCLMP) that enables Pilbara Traditional Owners to work together to preserve their Country and culture and keep their people strong.   The PCLMP was established in 2019, supported by the Pilbara Development Commission, as a response to the Pilbara Creative …

Agnico Eagle swoops in with Pan American for Yamana

Agnico Eagle Mines and Pan American Silver Corp have put up a joint bid for Yamana Gold, in an attempt to scupper Gold Fields’ planned acquisition of the Canada-listed gold miner. The cash and stock offer, valuing Yamana at around $4.8 billion, would see Agnico and Pan American split Yamana’s mines between them. Yamana shareholders …

Rio Tinto drills start turning on West Wits tenement

West Wits Mining’s farm-in partner, Rio Tinto Exploration (RTX), has commenced the maiden drilling program at the Mt Cecelia project in the Paterson Province of Western Australia. Access tracks and drill pads have been cleared for six drill-site locations to test anomalies identified from previous West Wits airborne and ground electromagnetic surveys. The anomalies are …

Tombola funds kickstart Queensland gold production

Tombola Gold has released 132.7 million new fully paid ordinary shares at an issue price of 2.6 cents per share to qualified institutional and sophisticated investors, and already received about $3.45 million in applications. In order to present shareholders who did not take part in the offer with an opportunity to invest at the placement …

Positioning into Rockhampton

Mining customers in central Queensland can now access local intelligent positioning solutions, with Position Partners opening a new base in Rockhampton. The expansion into Rockhampton, which follows the company opening a branch in Townsville in May this year, is about offering customers in the mining, building construction, civil, and survey sectors easier access to sales …

Australian resources minister addresses global energy transition

The second day of the International Mining and Resources Conference (IMARC) has seen keynote speakers address the global energy transition, including Australia’s role in the process. Federal Minister for resources Madeleine King said Australia has “an unmissable opportunity and a remarkable responsibility” to help lead the global transition to a decarbonised future. Mining is fundamental …

ERA dips into mine security bond for Ranger clean-up

With the company struggling to cover costs to rehabilitate the Ranger uranium mine, Energy Resources of Australia (ERA) has been granted access to $56.8 million from its security bond held by the Federal Government. ERA said in an announcement to the ASX that it had been approved for an interim payment from the Ranger Rehabilitation …

Prospect Award finalists announced

The finalist list for the 2022 Australian Mining Prospect Awards has been released, highlighting the best and brightest in the resources sector. The 2022 Prospect Awards will be held on November 17 in Perth. This will mark the first time the awards are held in Western Australia in recognition of the vibrancy and importance of …

First Nations delegates play key role at IMARC

As the 2022 iteration of the International Mining and Resources Conference (IMARC) enters its last day in Sydney, First Nations delegates have continued to play a vital role. With as much as 1080 per cent of Australia’s future resources on Indigenous land, or that of land-connected people, it is important that First Nations communities are …