Northern Star’s risky rapid expansion

Bill Beament’s Northern Star Resources appears to be on the roll, and we just don’t know if it’s uphill or downhill. The Perth-based gold miner has been expanding their Australian mining operations by purchasing shares or assets of gold mining companies, gaining full control of their mining operations. Northern Star’s acquired assets The gold miner’s assets include established gold mining operations in Australia and Alaska. The gold miner operates Jundee, Kalgoorlie (including Kanowna Belle, Kundana, and South Kalgoorlie), Tanami, and Pogo Operations. Northern Star’s Assets Acquired from Month & Year…

Austmine announces 2019 award winners

Austmine 2019 has announced its award winners at the Industry Leaders’ Dinner and Awards in Brisbane this week. The event welcomed over 750 attendees who came together to celebrate the METS and mining companies’ export and innovation success. Metallurgical Systems took home the Craig Senger excellence in export award, with the judges remarking that the tech company is innovative and pioneering, with an impressive export strategy and overwhelming success in export markets. PanAust received the Austmine miners innovation award for its diesel fuel backloading system. The company’s commercial team designed…

SQM expects lithium industry to grow by 17 per cent in 2019

Chilean lithium major Sociedad Química y Minera de Chile (SQM) has reported decreased sales in its March quarter but remains positive about the future of the lithium industry. Despite earnings dropping from $US113.8 million ($164.9 million) in the first quarter of 2018 to $US80.5 million in the same period this year, SQM chief executive officer Ricardo Ramos expects increased demand in lithium to drive improved results this year. “We believe the lithium demand could grow approximately 17 per cent in 2019 when compared to 2018, reaching at least 315,000 metric…

MacMines puts Galilee Basin coal project on hold

MacMines Austasia has decided it will not move forward with developing the China Stone thermal coal project in the Galilee Basin in Queensland at this stage. The Chinese company, a subsidiary of the Meijin Energy Group, did not provide a reason for the decision. China Stone, already backed through initial stages of approval by the Queensland Government, was forecast to be three times the size of Adani’s scaled down proposal for the Carmichael project in the Galilee Basin. MacMines has advised Queensland’s Department of Natural Resources, Mines and Energy (DNRME)…