Rio lowers iron ore production forecasts

Rio Tinto has forecast annual iron ore shipments at the lower end of its outlook after third-quarter deliveries fell amid weak global demand. The miner said it now expects annual iron ore shipments to fall between 320-335 million tonnes, with the outlook dependent on ramping up the Gudai-Darri and Robe Valley projects in Western Australia, …

Northern Territory government investigating options to rehabilitate remote ‘toxic’ Redbank mine

From the ABC The Northern Territory government is investigating ways to clean up an old copper mine, described as “one of Australia’s most polluting sites” — a job which could cost taxpayers hundreds of millions of dollars. The remote Redbank mine, 1,200 kilometres south-east of Darwin, only operated for two years, in the mid-1990s. But its legacy is still visible …

Turquoise Hill owner rejects Rio offer

SailingStone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TRQ), has declared that it will vote against a takeover bid from Rio Tinto. In Australia, Turquoise Hill Resources has stakes in mines containing gold, uranium, copper and the world’s highest grade molybdenum and rhenium. The special committee of independent directors at Turquoise Hill recently recommended …

First pour for Pantoro project

Pantoro has poured first gold at the Norseman gold project, which it owns in a 50:50 joint venture with Tulla Resources. Doré from the gravity circuit of approximately eight kilograms was poured on October 13, 2022. Production from the leaching circuit is also underway. The processing plant is operating reliably with uninterrupted operations for the …

Swift signs $3.4 million Mineral Resources contract

Swift has secured a new three-year agreement with Mineral Resources Limited (MinRes) to service its nine mine sites with Swift Access. The agreement is a $3.4 million subscription contract value, with revenues expected to commence in H1 of FY23. The contract represents ongoing subscription revenue for Swift Access; Swift’s premium entertainment and engagement solution powered …

Rare earths common denominator in funding program

The global transition to green energy continues to drive the search for minerals in Western Australia, with battery metals dominating the latest round of the Exploration Incentive Scheme’s (EIS) co-funded drilling program. Sixty-four per cent of the successful applicants for the EIS Round 26 are searching for battery minerals, with the majority chasing nickel. Rare …

Australian-first microprobe for mineral research

The Southern Hemisphere’s first CAMECA 1300 HR3 ion microprobe was launched last Friday at Curtin University’s new National Collaborative Research Infrastructure Strategy facility in Western Australia. The French-built instrument forms the core of the new AuScope Geoscience Ion Microprobe Facility, launched by the Ambassador of France to Australia, Jean-Pierre Thébault. The State Government has invested …

Covid-19 Entry into NT post 20th December

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Meetings

Executive Committee meets on the 1st Wednesday of each month.