Barminco proceeds with $800m copper contract

Ausdrill-owned contractor Barminco has secured one of its largest ever contract wins following the successful funding of a major copper mine in Botswana, Southern Africa. Barminco won a five-year contract worth $800 million in June with Khoemacau Copper Mines — owned by private investment firm Cupric Canyon Capital — to supply underground mining services to its flagship Zone 5 mine. The contract was dependent on Cupric securing final funding for the mine, which has now been received. Cupric announced on Thursday it had added $US85 million ($120 million) of equity…

ABB digital application unveiled to boost mine productivity

ABB has launched the ABB Ability Operations Management System, which is designed to boost efficiency, productivity, and profitability through maximising the coordination between effective situations in the mine and weekly production plans. This digital application has been developed to assist with real-time integration for working in open-pit and underground mines, allowing for shifts to action immediate corrective action. The Ability Operations Management System is designed to improve the responsiveness to unplanned events and to decrease production variability through every mine stage. More specifically, it will allow mine operators to monitor…

Anglo American production gains buoyed by QLD coal

Anglo American’s coal sites in Australia have helped the company achieve a 14 per cent rise in global production across its diverse operations. The company’s South African thermal coal operations may have accounted for a slightly larger percentage of the total figure (at 7.198 million tonnes), but its Australian coal mines achieved a larger boost on the previous quarter at 35 per cent (6.08 million tonnes). The majority of the Australian contribution came from the company’s metallurgical (coking) coal mines, led by the Capcoal mine in the Bowen Basin of…

Vale begins compensation process for families of Brumadinho victims

Vale has advised relatives of the victims who suffered from the B1 dam breach at the Córrego do Feijão mine in Brumadinho that they can now register to receive compensation. The decision was revealed at the fifth Labour Court of Betim by Vale and the Minas Gerais state public ministry of labour, alongside workers unions. The Brumadinho disaster occurred when a tailings dam failed at the Córrego de Feijão iron ore mine in Minas Gerais, killing at least 237 people and causing extensive environmental damage. Parents, spouses or partners and…

Western Areas to capitalise on nickel supply shortage

Western Areas has signalled its intentions to ramp up nickel production in response to signs of “tightening supply” of the commodity. Given the company’s key offtake agreements expire in early 2020, Western Areas is looking to commence renewed discussions with customers to capitalise on supply shortages. This includes today’s announcement of an offtake sale and purchase agreement with Japanese mining and refining conglomerate Sumitomo Metal Mining for the delivery of premium high-grade nickel sulphide precipitate. The agreement involves receiving material from Western Areas’ mill recovery enhancement project located at the…

De Grey builds warchest for Pilbara growth

De Grey Mining is closing in on the next phase of an ambitious expansion with a $22 million capital raising to fund its acquisition of the Indee Gold mine in the Pilbara, Western Australia. The acquisition would consolidate the company’s existing Turner River project with the adjacent Indee Gold site to form a single, 1.4 million ounce per annum project (the Pilbara gold project) 60 kilometres south of Port Hedland. The news follows De Grey’s recent discovery of several exploration targets at the project earlier this month following a review…

Stanmore Coal pins hopes on growth with Isaac Downs

Stanmore Coal has posted a company production record in the June quarter to finish its 2019 financial year with 2.39 million tonnes of product. The company produced two records in the quarter: 872,000 tonnes of run-of-mine coal and 721,000 tonnes of saleable coal. However, its sales were down 52,000 tonnes on the previous quarter’s record of 740,000 tonnes, at 688,000 tonnes. Stanmore’s prices also improved from the end of the previous financial year, which increased by four per cent to be 66 per cent higher than the average hard coking…

Mining sector third strongest contributor on job market

Online jobs portal SEEK has released its July employment report, which indicated the mining, resources and energy sector is the employment market’s third strongest growth contributor with an increase of 10.3 per cent. This continues a trend of fast growth for employment advertisements in the sector since August 2017, with a 29 per cent increase over this time. However, there has been a decrease of 7.7 per cent in the number of jobs they have advertised when compared to how many jobs were available in June 2018. Despite this, Australia’s…

MMG flags price slump on back of US-China trade war

Chinese-backed MMG has blamed the US-China trade dispute for a fall in base metal prices during the June quarter that affected the company’s results. MMG reported that market concerns over the trade war have undermined positive fundamentals for metals such as copper, while sending gold prices to a multi-year high. The company further estimated that global supply for copper concentrate is unlikely to rise this year. Its total copper production of 101,158 tonnes in the June quarter is reflective of a 16 per cent decline, which is blamed on logistical…

A Gold Road to Gruyere and beyond

Gold Road Resources has joined the ranks of Australian gold producers. What’s next for the company now it has reached this milestone? Gold Road Resources put its growth aspirations in motion a long time before first gold was poured at the Gruyere operation in Western Australia. The company, now worth more than a billion dollars on the Australian Securities Exchange (ASX), has earned a reputation for growth since making the greenfields discovery in 2013. Three years later, Gold Road announced its maiden reserve at Gruyere, delivered a feasibility study and…