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Santos inks more Narrabri supply MoUs

By: Esmarie Iannucci     9th May 2019 Australian oil and gas major Santos has inked additional nonbinding memoranda of understanding (MoU) for gas supply from its proposed Narrabri gas project, in New South Wales. Under the proposed transactions, Santos would supply building material manufacturer Brickworks with up to 3 PJ/y of... 

Australia's Mt Isa zinc railway reopens to freight after February floods

By: Reuters     29th April 2019 A railway that carries zinc from major producers such as Glencore across Australia's outback has reopened to freight trains, the line's owner Queensland Rail said on Monday. The 1, 00-km (620-mile) rail line was cut by floods in February and is used by miners including Glencore, MMG Ltd and... 

‘Land no one else wants’ gets solar as coal-and-nukes era fades

By: Bloomberg     25th April 2019 For two decades, coal has been pulled from a Bent Mountain mine in eastern Kentucky. But in a startling move in the heart of coal country, a rival –solar – is preparing to move on to the land. From Appalachia in the US to Queensland in Australia and Chernobyl in Ukraine, solar and wind farms are... 

Orion reawakening geological giant in Northern Cape  

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

Glencore’s Jeff Gerard appointed Katanga CEO

By: Simone Liedtke     18th April 2019 TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International’s Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. Gerard’s appointment follows the signing of a management services agreement between Katanga and Glencore in January.... 

Sanbrado optimised study predicts 300 000 oz in first year – West African

By: Nadine James     16th April 2019 Sydney-listed West African Resources has increased its forecast yearly gold production from the Sanbrado mine, in Burkina Faso, following an optimised feasibility study. Announcing the results of the study on Tuesday, the company said that Sanbrado would produce 301 000 oz in its first year of... 

Flood-damaged Mt Isa zinc railway to reopen April 29

By: Reuters     16th April 2019 A railway that carries zinc from major producers such as Glencore across Australia's Outback is expected to reopen this month, Queensland's Transport Minister said on Tuesday. "Every resource has been made available to accelerate recovery works," Mark Bailey said in a statement. 

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Oil nears $70 as Opec tightens supply, hopes for trade deal grow

By: Bloomberg     3rd April 2019 Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the US-China trade impasse lifted financial markets. Brent crude’s rapid recovery this year -- with the biggest quarterly gain in almost a decade -- is a victory... 

Iron-ore thunders higher as mine dams closed, exports collapse

By: Bloomberg     3rd April 2019 Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a ton, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark material rallied as much as 4.1% in Singapore, while spot ore... 

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