Rio Tinto commits to $1bn Tom Price iron ore expansion

Rio Tinto will sustain the production capacity of its Pilbara iron ore business in Western Australian after approving a $US749 million ($1 billion) investment in the Greater Tom Price operations. The investment in the Western Turner Syncline Phase 2 (WTS2) mine will facilitate mining of existing and new deposits, including the construction of a new crusher and a 13-kilometre conveyor. The conveyer system will help lower greenhouse gas emissions from the mine by 3.5 per cent compared with road haulage and the business is set to access additional options to…

Carborough Downs operations suspended after incident

Fitzroy Australia Resources has confirmed a tragic incident involving a mineworker at its Carborough Downs mine in central Queensland. The mineworker, a long-term employee of Fitzroy Australia, was fatally injured when working underground. Queensland’s Mines Inspectorate and police are looking into the cause of the incident. The company has suspended all operations on the Carborough Downs site. “We are deeply saddened by this news and Fitzroy extends our deepest sympathies to the family, friends and colleagues of the worker,” Fitzroy Australia chief executive Grant Polwarth said. “Fitzroy’s current focus is…

Hancock-owned explorer backs Catalyst plans in Victoria

Gold Exploration Victoria, owned by Gina Rinehart’s Hancock Prospecting, is set to become Catalyst Metals’ largest shareholder after investing $7.875 million in the company. The placement involves 3.5 million shares at $2.25 per share and does not require shareholder approval. Once completed, the placement will give Gold Exploration a 14.8 per cent stake in Catalyst. Gold Exploration’s investment will strengthen Catalyst’s working capital position, with proceeds from the share placement enabling advancements at Four Eagles gold project, Tandarra and Whitelaw Gold Belt. The placement will be completed within five business…

Dacian highlights high-grade potential for Phoenix Ridge

Dacian Gold has revealed results from the recently discovered high-grade Phoenix Ridge deposit, located less than 500 metres north of the Westralia gold mine near Laverton in Western Australia. The company reported an inferred resource of 481,000 tonnes at 8.1 grams per tonne for 125,000 ounces of gold early in October. A recently commenced infill drilling program has confirmed the continuity of high-grade gold mineralisation, with latest results including 23.1 metres at 30.2 grams per tonne from 266.9 metres. With a high-grade shoot lying less than 50 metres into the…

Mangoola leaves mark on mining with awards triple treat

Glencore has created a culture of excellence across the safety and operational performance at the Mangoola coal CHPP, (coal handling and preparation plant) this year’s National Group Mine of the Year. Mangoola CHPP manager Chris March fondly regards the facility at the Glencore thermal coal mine in New South Wales as the second-best plant of its kind in the world. It is the second in line, he cheekily adds, because the best CHPP hasn’t been built yet. Mangoola CHPP, which is about 20 kilometres west of Muswellbrook in the Hunter…

China to dominate battery metal demand

Fitch Solutions’ base, bullish and bear case demand trends for EV battery metals over the coming years has revealed that China will remain the key driver of direct EV metals demand. The analysis estimates that the indirect growth for cobalt, nickel and lithium will be the strongest across the EU under the bullish scenario, which is underpinned by favourable policy assumptions. However, indirect growth for these three metals will lag behind across all scenarios in the United States, due to more restrictive EV policy assumptions based on poor support at…

Alltuff work stands minimise the risks of manual handling

Alltuff Stands have been engineered to transform safety and combat the failures associated with traditional jacking stand models. Alltuff Stands are a high capacity light-weight stand, load rated from 15T to 30T with a maximum manual handling weight of just 14 kilograms. Developed, engineered and patented in Australia, Alltuff Stands provide an innovative solution to manual handling and equipment jacking. Alltuff Stands dramatically increase safety and productivity, transforming maintenance and service activities. Safety at the forefront The engineered lightweight and fixed height design was conceptualised with safety and performance at…

Panoramic lowers Savannah production guidance

Panoramic Resources has reduced its 2020 production guidance at the Savannah nickel project in Western Australia amid the takeover tussle with Independence Group (IGO). The company now aims to produce 7000–7500 tonnes of nickel, 4500–5000 tonnes of copper and 400–450 tonnes of cobalt contained during the period. Panoramic stated earlier this month that the company wouldn’t be able to meet its original production guidance at the troubled project. The revised guidance follows the first, complete component of an operational review launched by Panoramic. It also factors in the softening American-dollar…

BHP jumps on bigger SolGold stake

BHP is set to become SolGold’s largest shareholder after securing an agreement to invest a further $US22 million ($32.5 million) in the company. Under the agreement, BHP will subscribe for 77 million SolGold shares for an aggregate subscription price of just over £17 million. This investment will increase BHP’s interest in SolGold from 11.1 per cent to 14.7 per cent, inching it ahead of Newcrest Mining as SolGold’s largest shareholder. SolGold is the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador, so with BHP’s support it…

Metals X suspends operations at Nifty copper mine

Metals X has decided to immediately suspend mining activities at its Nifty copper mine in Western Australia following an operational review, leaving almost 300 people jobless. The company will process current ore stocks at the Pilbara-based mine during the next week then the mine, processing facilities and infrastructure will be placed on care and maintenance. This decision will allow Metals X to focus on its 50 per cent joint venture (JV) stake in the Renison tin operations in Tasmania, which is Australia’s largest tin producer. Although resources and reserves improved…