R/€ = 17.27 Change: 0.01
R/$ = 15.26 Change: 0.01
Au 1842.28 $/oz Change: 0.98
Pt 1026.00 $/oz Change: -10.50


Nowa Nowa proves profitable for Eastern Resources

By: Esmarie Iannucci     24th January 2022 A feasibility study into the Nowa Nowa iron project, in Victoria, has estimated a capital cost of A$15.7-million to support the production of some one-million tonnes a year of magnetite direct shipping ore (DSO). ASX-listed Eastern Resources on Monday said that the study estimated a... 

Back to drawing board for new Rio chief as lithium mine scrapped

By: Bloomberg     24th January 2022 After the destruction of ancient caves in 2020 led to global embarrassment and a management clean-out, the newly appointed chief of Rio Tinto was betting the development of a massive lithium project would be key to a fresh start. His plan is now in tatters. On Thursday, Serbia Prime Minister Ana... 

Fortescue warns shut Western Australia borders may worsen labour shortage

By: Reuters     21st January 2022 The CEO of Australia's Fortescue Metals Group Ltd warned on Friday that a delay by the state of Western Australia in reopening its borders may worsen a labour shortage currently affecting the mining sector. The country's largest state, home to the resource-rich Pilbara region, cancelled plans to... 

Fortescue looks at Sinosteel's Midwest and Oakajee projects

By: Esmarie Iannucci     21st January 2022 Iron-ore major Fortescue Metals has inked a binding memorandum of understanding (MoU) with major Sinosteel to complete a rapid assessment of that company’s Midwest magnetite project. The assessment will include a rail and port development at Oakajee, Fortescue said on Friday. 

Copper majors are taking another look at Argentina, McEwen says

By: Bloomberg     21st January 2022 Vast deposits and more welcoming policies have turned Argentina into a lithium hot-spot in recent years. Now the global copper industry is taking another look at the South American nation. That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province near the... 

Norseman's iron-ore potential draws interest

By: Esmarie Iannucci     21st January 2022 Junior Tulla Resources on Friday announced a heads of agreement (HoA) with Australia’s Koch Metals over a potential iron-ore offtake agreement at the Norseman project, in Western Australia. Tulla Resources subsidiary Central Norseman Gold Corporation and Pangolin Resources own all of the iron-ore... 

Aveng grows order book, expects solid interim performance

By: Marleny Arnoldi     20th January 2022 JSE-listed construction group Aveng has grown its order book to R29.1-billion as at December 31. This includes A$1.1-billion worth of work won by its Australia-focused subsidiary McConnell Dowell.  

CreditSights sceptical on 'transformational' deal for BHP

By: Esmarie Iannucci     20th January 2022 Investment researcher CreditSights has questioned reports that mining major BHP is gearing up for a ‘transformational merger and acquisition (M&A)’ deal. News outlet Bloomberg earlier this week reported that BHP was beefing up its deal-making team, and was looking at pursuing a transformational... 

Vulco® R67 mill lining rubber compound is revolutionising mine site mill operations

19th January 2022 Vulco® rubber is renowned throughout the mining industry for its exceptional wear life and reliability in mill lining systems. These abrasion- and impact-resistant rubber compounds have been developed with advanced technologies by the Weir Minerals’ team of expert engineers and material... 

BHP adjusts copper and coal expectations

By: Esmarie Iannucci     19th January 2022 Diversified major BHP has adjusted its full year outlook for metallurgical coal and copper productions as tough conditions continued. The miner on Wednesday reported that full year copper production was trending towards the low end of the guidance range of between 1.59-million and 1.76-million... 

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