Lucapa gains momentum with sixth major diamond recovery

Lucapa Diamond Company has revealed the largest diamond recovered from its Mothae kimberlite mine in Lesotho, South Africa since commercial operations commenced in January. It is a gem-quality 126 carat diamond – the sixth 50-plus carat diamond recovered from Mothae since Lucapa commenced its pre-production bulk sampling program in 2018. Lucapa’s latest discovery came shortly after recovering a 130 carat gem-quality diamond from the Lulo alluvial mine in Angola earlier this year. Mothae is located within five kilometres of the world’s highest $US per carat kimberlite diamond mine, Letseng. The…

Havilah moves closer to launching flagship Kalkaroo site

Havilah Resources has received approval from the Department for Energy and Mining for the right to mine at the Kalkaroo copper-gold project in South Australia. The South Australian Minister for Energy and Mining Dan van Holst Pellekaan has granted Havilah three mineral leases and two miscellaneous purposes licenses for the Kalkaroo project. Kalkaroo, which is Havilah’s flagship mineral project, reportedly contains 1.1 million tonnes of copper, 3.1 million ounces of gold and 23,200 tonnes of cobalt with a 14-year mine life. The next stop in the permitting process is obtaining…

Barrick to acquire Acacia in effort to solve govt dispute

Barrick plans to acquire the remaining Acacia Mining shares it doesn’t own in a buyout offer to douse a long stand-off with the Tanzanian Government. The gold mining giant has been seeking a settlement with the eastern African country’s government over unpaid taxes for the last two years. Though Barrick has reportedly made significant progress in the discussion, the Tanzanian Government would not enter into a settlement directly with Acacia, but required the company and its shareholders’ management style be changed. Barrick, which already owns 64 per cent of Acacia,…

Queensland government calls for Adani approval deadline

Queensland Premier Annastacia Palaszczuk has urged for a timeline to be set for the approval of Adani’s proposed Carmichael mine. Palaszczuk advised her state coordinator-general to call an urgent meeting with Adani and the independent regulator to make a deadline by Friday. “The community is sick of it, I’m sick of it, everyone is sick of the delays,” the Premier said. “Everyone has had more than enough time to resolve these issues and for some reason that has not occurred – that all ends now.” Palaszczuk has also instructed the…

Battery metals major focus for greenfield exploration in WA

Nearly a third of participants involved in the current round of an ongoing state-backed commodity exploration scheme in Western Australia are focusing on battery metals. The Western Australian Government-backed Exploration Incentive Scheme (EIS) Co-funded Exploration Drilling Program commenced in 2009 and is currently in its 19th round, with a focus on “innovative drilling in greenfields areas”, according to WA Minister for Mines Bill Johnston. “Most of the explorers hunting commodities needed for Western Australia’s fast-growing battery industry are searching for nickel, with others seeking lithium, cobalt, rare earth elements and…

Third-gen family business bolsters its legacy

The Vega family keeps its eyes on innovation in over 80 countries around the world. Vega Australia managing director John Leadbetter tells Vanessa Zhou about the success story. The longest standing member of Vega Australia is none other than its managing director John Leadbetter. A large part of his career is built on the instrumentation business, whether in entrepreneurship or the mining sector. Australian Mining speaks with Leadbetter about staying relevant in today’s age and trends. What innovation is Vega currently setting its sights on? Everything’s heading towards Industry Internet…

NRW Holdings rebuffs BGC takeover speculation

NRW Holdings has denied media speculation that it has been in advanced talks to acquire BGC Contracting. NRW’s acquisition of BGC Contracting was previously estimated to be worth up to $600 million by The Australian, which was also denied by NRW. However, it did not deny the possibility it was taking over the giant contractor. “The company is not currently pursuing any acquisitions to the value speculated in the media or that are otherwise sufficiently advanced to warrant disclosure at this time,” NRW said. “In response to these reports, and…

Fortescue’s Queens Valley iron ore development gains approval

Fortescue’s Queens Valley mining area is moving forward having received all necessary environmental and heritage approvals. The Queens Valley development, which holds an estimated value of $US287 million ($416.9 million), is located within Fortescue’s Solomon Hub iron ore mine in Western Australia. It will be utilised to produce Fortescue’s low-alumina King Fines iron ore in accordance with the company’s strategy of achieving higher margins through the optimisation of product mixes for its Asian customers. Fortescue achieved a record low direct cost of $US12.36 per wet metric tonne in 2018, a…

Rockwell Automation makes splash at Austmine

Rockwell Automation is an associate partner of the Austmine 2019 Conference and Exhibition, currently being held from May 21-23 at the Brisbane Convention and Exhibition Centre, Queensland. Austmine, the world’s leading gathering of mining experts, is a showcase of the leading innovations, people and the future of the industry, the latest in intelligent equipment and technologies. Rockwell is in attendance at Stands 70 and 97, where it will be showcasing its ‘Connected Mine’ journey and augmented reality (AR) demo featuring a dump truck at a mine. Rockwell Automation speaker at…

BHP to ramp up long-term focus

BHP is aiming to maximise shareholder value through continuing to diversify its portfolio and adapt to “the changing world”, according to its long-term strategy. The plans were announced by chief financial officer (CFO) Peter Beaven, revealing BHP was satisfied with its portfolio for the near to medium term and was shifting its focus to the future. “The world will be a very different place in 10 to 20 years’ time… the changing world including demand sources, the supply environment, required capabilities, and societal expectations – both challenges and excites us,”…