Month: April 2020

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Morning News Bites – April 30

Busy day with reporting to the ASX:

  • Gold production down 6% for Newcrest – Cadia mine previously a leader, dropped from December quarter of 239,722oz to 195,181oz
  • ANZ announces $1.41 billion Cash Profit – down 60% as part of half year and dividend announcement. https://www.asx.com.au/asxpdf/20200430/pdf/44hcpzhgz708jc.pdf
  • Ramelius Resources announces a life of mine increase to its Mount Magnet mine while its Edna May Tampia feasibility study brings a reduction in capital costs of around $24 million
  • Decmil announces significant boost  with two new projects in WA with Metronet project for Bayswater Station and Bruce Highway roadworks in Queensland.
  • Woolworths announces 10.7% increase to group sales for Q3 – $16.5 billion, food sales growth of 11.3%
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Morning News Bites – April 29

Cold front across the bight brings cold weather and a hint of winter to all states.

 

  • Lynas Corporation has advised a Movement Control Order still exists in Malaysia, It’s plant there remains in care and maintenance
  • Boss Resources on track to be Australia’s next Uranium Producer as the Honeymoon Uranium Project South Australia feasibility study results prove that a fast track start within 12 months is possible.
  • Middle Island Resources is halfway through its drilling program near Sandstone in WA. Gold intercepts of 4m at 90.6g/t identified at its McLaren potential open pit deposit
  • 3rd quarter sales increased for Coles Group by 12.9% to $9.2 billion based on Covid-19 and the group continues to assists supplier, customers and staff during this time.
  • KCGM (50/50JV Saracen and Northern Star) offers $300,000 to enable the KBCCI to deliver a Small Business Support Grants program, providing up to $10,000 to eligible Kalgoorlie-Boulder businesses impacted by COVID-19

 

 

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Morning News Bites April 28

As coronavirus restrictions look to lessen across Australia, here are some news bites for today.

  • Over two million downloads of Australian Government Covid app
  • Strict Covid Measures taken by Northern Star has impacted production temporarily as March Quarter figures are released as progress is made at Pogo and KCGM Super Pit operations  https://www.asx.com.au/asxpdf/20200428/pdf/44h93r56nhcvxv.pdf
  • Exploration success at Carosue Dam and Thunderbox for Saracen as a record quarterly gold production is reported for March 2020 quarter https://www.asx.com.au/asxpdf/20200428/pdf/44h94nyypqcmdy.pdf
  •  BHP reveals that it is looking to increase iron ore shipping capacity in Port Hedland
  • Today is International Workers’ Memorial Day,  this years theme – Stop the pandemic: Safety and health at work can save lives.
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Morning News Bites – April 24 2020

  • Mines Safety Levy in Western Australia to be reduced by 20 per cent to 17 cents per billable hour
  • WA Government announces support package for construction industry, the package includes $10 million to provide an immediate, one-off payment of $2,000 to employers of existing apprentices and trainees currently receiving Construction Training Fund (CTF) grant payments. 
  • Congress delivered a near on $500 billion aid bill for the United States. Around 50,000 people have lost their life due to Covid-19 in the US and one in six have lost their employment.
  • Oceana Gold announce May 14 for 1st quarter results
  • We are being encouraged to stand at dawn tomorrow on our driveways to commemorate ANZAC Day.

 

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Morning News Bites – April 23

Industry news headlines to know for April 23 2020

  • Evolution Mining releases March quarterly with a 10% increase quarter on quarter to mine operating cash flow and no material impact from Covid-19 at this point https://www.asx.com.au/asxpdf/20200423/pdf/44h5jctxrhjqbn.pdf 
  • Drive through Covid-19 testing of 3000 Mineral Resources employees to days before heading to site set to become a policy at Mineral Resources. The testing will take place at two Perth locations
  • Galileo doubles drilling program for Fraser Range Project to begin tomorrow
  • The offer consideration for Ramelius Resources to take over Spectrum Metals has been declared final. Ramelius has a 77.48% share in Spectrum
  • The proposed acquisition of Broadspectrum by Ventia will not be opposed by the ACCC
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Morning News Bites – April 22

News you need to know April 22

  • Orange Health Service’s COVID-19 response team is now receiving free family meals at the end of each shift, sponsored by Newcrest Mining’s Cadia operations, to support these health professionals and their families, as well as providing patronage to local catering companies.
  • Nagambie Resources first drill hole has commenced at Racecourse sulphide-gold target in the Waranga Province, Victoria. The area is prospective for a Fosterville style gold mineralisation. https://www.asx.com.au/asxpdf/20200422/pdf/44h4kjg4cw0f8t.pdf
  • How has South32 have come up with a novel way of stopping the spread of Covid-19 at Worsley Alumina:
  • Torian Resources has announced Dampier Gold has commenced earning a farm-in interest on its Zuleika Project that will deliver cost savings to Torian and allow further exploration in the WA Goldfields. https://www.asx.com.au/asxpdf/20200422/pdf/44h4qvlf3w94x7.pdf
  • Today is 50 years of Earth Day the theme this year is Climate Action.
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Morning News Bites – April 21

Headlines you need to know – April 21 2020

 

 

 

 

 

 

 

 

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Morning News Bites – Monday April 20

Welcome to a new daily update of information you should know!

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Beacon Minerals Reveals Positive Panther Intercepts And International Prospects

The Panther prospect for Beacon Minerals has delivered some very positive results at shallow depth after results were revealed to the market.

Some highlights of the program included:

  • PBRC070 13 metres @ 16.4g/t Au from 9 metres including 1 metre @ 195g/t Au from 13 metres
  • PBRC071 11 metres @ 7.1g/t Au from 7 metres including 1 metre @ 53.5g/t Au from 7 metres
  • PBRC080 2 metres @ 32.5g/t Au from 40 metres including 1 metre @ 58.8g/t Au from 40 metres
  • PBRC081 3 metres @ 26.8g/t Au from 45 metres including 1 metre @ 69.0g/t Au from 45 metres

Beacon Minerals has also announced it has applied for two prospecting licenses in Timor-Leste covering an area of 12842 ha. Beacon has committed to a staged exploration program in Timor Leste subject to

  • Enactment of a Mining Code and granting of prospecting license
  • Potential participation by the Government on a basis to be agreed

In other news relating to Timor Leste, The Timor Leste Ambassador to Australia Mrs Ines Almeida and staff; and Mr Gualdino da Silva President of Autoridade Nacional do Petroleo e Minerais (ANPM) and staff managed to visit Beacon’s Jaurdi project recently.  Beacon has applied to be a sponsor for the 407 Training visa. This would allow for overseas candidates to stay in Australia for up to two years to complete work place based training to improve skills. The longterm intent is to enter into a training partnership with ANPM.

“Beacon is pleased with the steady production at Jaurdi Gold Project. We continue to review different options to reduce costs and take advantage of the increasing gold price. The on‐going COVID‐19 is monitored closely by Beacon and we have in place policies and procedures to ensure the safety of the staff, consultants and the wider community. “The Company’s continues to maintain its exploration activities with the on‐going exploration program at Panther and the review of additional exploration programs that we believe will add shareholder value. The Board would like to thank Mr Gualdino Da Silva, Mrs Ines Almeldia and their staff for visiting Jaurdi, showcasing Beacon’s ability to create value in a short period of time.”

The Jaurdi Gold Project produced 6905oz of gold for the March 2020 quarter with gold sales of 5,033oz at an average sale price of $2,346A$/oz. In to the next quarter, hedges of 1000oz per month are places at $2,331A$/oz for April, May and June.