Month: February 2021

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Top Story – Bill Beament Leaves Northern Star In July.

Northern Star Resources Limited has provided an update. In their efforts to initiate a global search for an Independent NonExecutive Chair, Bill Beament will retire from the Northern Star Board, effective July 1, 2021. Mr Beament has agreed to take up an Executive Director role with Venturex Resources from July 1. Mr Beament said he fully appreciated the opportunity to help Northern Star generate exceptional results for all stakeholders. “I share the view that now is the right time for Northern Star to begin the search for an Independent Chair,” he said. “The Company is in an extremely strong position, with an outstanding team and some of the best gold assets in the world.”

Northern Star Non-Executive Director John Fitzgerald thanked Mr Beament for his outstanding contribution. “Bill has guided Northern Star through a period of exceptional growth, building a globally-significant gold company which generates substantial returns for Shareholders,” Mr Fitzgerald said.

The Northern Star Board has decided that Independent Non-Executive Director John Fitzgerald will perform the role of Independent Non-Executive Chair from then until the appointment of the new Chair.

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Diggers & Dealers Keynote Speaker Announced for 2021

 

A former advisor to President Nelson Mandela, a key author of twenty one books and a previous Principal Economist at the EBRD (European Bank for Reconstruction and Development) has been announced as the Diggers and Dealers key note speaker for 2021. Professor Ian Goldin.

Professor Goldin specialises in economics and has numerous credentials on the world economic stage. After a start in Africa, Professor Goldin lectures at Oxford, Harvard and Tsinghua Universities as well as providing advisory and consultancy services to thirty leading companies. His recent speaking engagements include the opening keynote at Google Zeitgeist, the Microsoft CEO Forum and TED. For the past twenty one years he has provided keynotes at the World Economic Forum meetings in Davos. Adding to an impressive list of achievements, Professor Goldin also was a previous Vice President of the World Bank. His address at Diggers and Dealers this year is sure to be thought provoking and insightful.

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What You Missed This Week

There has been plenty on the views of Facebook and news outlets, sadly they can’t post their news… but we can! 

Here are seven things you missed this week 

1 – WesTrac continue to be part of the KCGM Super Pit with a new contract worth over $250 Million!  

2 – Goldfields gold miners, Beacon Minerals and Horizon Minerals had a good week – Beacon announcing a 0.007c Dividend and Horizon announced excellent drill results at Jaques Find near Kalgoorlie. 

3 – Drilling firm Top Drill celebrate their 15 years in operation. The Western Australia driller has a new/late model fleet of 25 Schramm and Sandvik rigs now since beginning in Boulder in 2006 

4 – The First Gold Pour has taken place for Novo Resources at Beaton`s Creek in the WA Pilbara. 

The first gold pour at Beatons Creek – via twitter

5 – Former WMC Exploration Chief Dr Roy Woodall passed away at the age of 90. Dr Woodall is credited with assisting in the discovery of nickel around Kambalda in WA 

6 – Rio Tinto announced $12.4 bn in underlying earnings for the 2020 financial results. While BHP had the best production half at Olympic Dam in five years. 

7 – Northern Star and Saracen’s marriage became official as of this week. Norther Star’s share price closed the week at $10.38. 

  

If you have any news or upcoming events that should feature as part of our wrap of the week, get in touch news@industrylinkmedia.com 

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Caterpillar To Continue Hauling Loads at Super Pit

Cat 793

Northern Star Resources has announced WesTrac CAT as a provider of a new fleet of haul trucks for the KCGM Super Pit. 

The deal is estimated to be worth over $250 million and will not only include the haul trucks but other associated earthmoving equipment. The 793 haul truck is pride of the mining fleet at the KCGM Super Pit, with around 34 793C and 6 793F haul trucks with its 245 tonne capacity listed in operation.

 

Cat 793
A CAT 793 at the Kalgoorlie Super Pit

WesTrac has had a proud history with operating at the Kalgoorlie Super Pit and that is set to continue as the new trucks will commence operating at the Super Pit in September. It’s expected the deal will see a progressive roll out as revealed in The Weekend West.

 

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BREAKING: KCGM Owners Make Joint Announcement

KCGM Super Pit Owners Northern Star Resources and Saracen Minerals have released information to the market this morning about their respective operations based on the lockdown imposed in Western Australia.
Saracen Mineral Holdings Limited and Northern Star Resources advises that it does not expect production and exploration at its West Australian operations to be impacted by the five-day lockdown measures announced yesterday by WA Premier Mark McGowan. All the Company’s operations are located outside the lockdown boundaries set by the Government. The Company will advise the market should these circumstances change. Saracen’s top priority at all times is the health and safety of its staff, business partners and the communities in which we operate and this is the basis of all its strategies for managing COVID-19.