Round 21 Exploration Incentive Scheme Opens

Minister for Mines and Petroleum Hon Bill Johnston, has opened Round 21 of the Exploration Incentive Scheme in Fremantle. The scheme provides $5 million a year to encourage innovative drilling in greenfields and under-explored areas of the State.

Explorers can receive a refund of up to 50 per cent for innovative drilling projects, with caps of $150,000 (multi-hole project), $200,000 (single deep hole), and $30,000 for prospectors. There were 41 successful applicants for the last Round of the EIS and over $4.93 Million for drilling projects in 2020. Most of the projects were located in the Eastern Goldfields for nickel and gold projects.

“Last year, there was a significant shift in the focus of explorers in Round 20, with about a third of applicants searching for battery commodities such as nickel, cobalt, vanadium and lithium. The EIS helps keep Western Australia as the leading jurisdiction for mining and exploration, with many discoveries resulting in new mines and creating new jobs for Western Australians.” the Minister said.

Applications are open until March 27, 2020. Further details are located at www.dmirs.wa.gov.au

 

 

GBF Receives Conditional Letter Of Intent For Mount Monger

GBF Group, which has recently been acquired by Macmahon Holdings Limited (ASX:MAH), has received a conditional letter of intent from Silver Lake Resources (ASX:SLR) to continue work at its Mount Monger Gold operation. The deal is worth around $200 million.

Macmahon has been operating at Mount Monger since 2014 and also provides mining services to the Daisy Milano Complex, Cock-eyed Bob and Maxwells operations. GBF’s tenure will be extended until March 2023 as part of the intended deal.

Chief Executive Officer and Managing Director of Macmahon Michael Finnegan was pleased to receive the letter from Silver Lake “The new work is an important milestone in our strategy to further expand in the underground market, and demonstrates the value in our GBF acquisition” he said.

The Silver Lake Macmahon relationship will further be entrenched with the new Santa mine starting development in March 2020. The negotiation and finalisation of the deal is expected to be completed in March.

 

KCGM Announce New General Manager

In the glow of a new joint partnership between Saracen Minerals and Northern Star Resources, KCGM has announced a new General Manager.

Kous Kirsten started in the role from Monday February 17 and has replaced Ben Wessely. The decision of Mr Kirsten was made by the KCGM JV Executive Committee which members are from both Saracen and Northern Star.

“This is an exciting time for KCGM and Kalgoorlie Boulder. KCGM is 100% WA owned for the first time in 30 years. We are wholly-focused on continued safe production, realising future growth opportunities and creating shared value with the local community, and our Joint Venture owners” Mr Kirsten said.

Mr Kirsten has experience in open pit and underground mining and processing in Australia and Africa and thanked former GM Ben Wessely for his guidance and transitional support.

Ex Tropical Cyclone Damien Delivers Rain To Dry Spots

The remnants of ex Tropical Cyclone Damien is being experienced across the Goldfields and Salt Lakes Districts.

Main Roads has issued a warning to motorists to exercise caution travelling the Goldfields Highway north of Kalgoorlie. The road is open, but floodways may have water across them. DFES has issued a warning to prepare for flooding for people in the Salt Lakes Districts.

Rainfall figures to 9am February 11 show:

Yuono Downs – 45.8mm

Credo Station – 18mm

Coolgardie 17mm

Leinster 15.4mm

While Kalgoorlie Boulder received its highest 24 hour reading since June 8 2019 with 15.2mm.

 

For further info on the areas affected:

Emergency.wa.gov.au

Main Roads Travel Map or call 138 138

Bureau of Meteorology 

 

Small Business Benefits From Resources Sector Giant

Industry giant, Rio Tinto has announced it will move towards having shorter payment terms for Australian supplies in a bonus for small to mid sized businesses. This will see businesses with less than $10 million in turnover paid by Rio within 20 days from the invoice date.

The announcement this morning has big benefits for the mining and supply industry statewide. The Chamber of Minerals and Energy of Western Australia’s (CME) Chief Executive Paul Everingham said the resources sector had extensive procurement processes and initiatives to ensure small local businesses benefited from the multi-billion dollar projects of some of the State’s largest mining and oil and gas companies.

“The resources sector is continuing to demonstrate its commitment to local jobs, training and procurement to meet the current and future demands of industry,” he said.

“If there is discretion to deviate from standard payment terms, some members also offer lower payment terms to small, local and Indigenous businesses on a case-by-case basis. Rio Tinto is doing just that with its new policy, which will ensure 90 per cent of its Australian business suppliers are paid within 20 days.”

With assistance CME WA

Two Big Brands To Duel In Charity Cricket Match

The recent bushfire crisis affecting our nation has been the catalyst for two brands in the Goldfields to take things to the 22 yards of pitch at Morrison Oval.

Epiroc Kalgoorlie Team are set to take on WesTrac Cat all for a great cause – Sunday February 16. A Charity T 20 Cricket match is a way for the Goldfields mining industry to help out those affected by recent dreadful bushfires that tore through our country.

There will be plenty happening on the day including a raffles, auction, jumping castle for the kids and the chance to prove your hitting ability in the biggest 6 competition. After the game, teams and supporters will head back to the Piccadilly Hotel for presentations and an unwind session. There will also be a major auction where a signed Darcy Short Australian Cricket shirt and Australian Signed Cricket Bat are up for grabs.

WesTrac Cat are matching what is raised dollar for dollar, while Epiroc have donated polo shirts and stubby coolers for the day. Both companies will also donate for every six hit, no ball bowled and batsman out for a duck during the event. There will be a spectator fee of a nominal donation or for $5 spectators can obtain a wristband to attend after match presentation.

Other great sponsors so far include Terra Drilling who have donated BBQ Meat and Water, Icon Sportswear who have donated playing shirts for the day, CocaCola Amatil  and Great Boulder Cricket Club who are loaning their bowling machine for a biggest six competition during the innings break.

Raffle Prizes include

  • 2X 2 Day VIP pass to the V8 Supercars
  • Milwaukee M18 four piece kit
  • Milwaukee M18 four piece kit
  • Pressure Washer
  • Seat covers for any 4WD to the value of $500
  • $200 Eftpos Voucher

 

 

 

 

Raleigh Seismic Response Triggers Care And Maintenance

The Raleigh underground mine – part of the East Kundana Joint Venture (EKJV) between Northern Star Resources and Rand and Tribune, will be placed on care and maintenance as of April 2020.

Its believed the firing of stoping panels in January 2020 caused a significant seismic response around the 6000 – 5049 levels. This event has resulted in substantial damage and is cause for significant rehabilitation to occur. The report to the Australian Stock Exchange today also advised there were no personnel underground at the time of the stope firing.

Management of the EKJV recommended the mine take on care and maintenance in April 2020 to have time to conduct a detailed assessment before looking at the potential to recommence operations. The southern mining area has been deemed unsafe and is now excluded from all underground activity. By placing the mine into care and maintenance this will allow an independent mining consultant to be engaged to complete a review into the seismic event and mining plan.

Mining at the other deposits within the EKJV is not affected. Raleigh Gold Mine is located 22 kilometers north west of Kalgoorlie Boulder and is part of the Kundana mining region.

Goldfields Business Benefits From Latest Round Of State Government RED Grant

Local Boulder business and Industry Link Media member Goldfields NDT, has received $195,000 from the latest round of the State Government Regional Economic Development Grants program. The Hon Alannah MacTiernan MLC was at Goldfields NDT to announce the latest funding this morning which also included $100,000 to develop the Coolgardie Innovation and Economic Development Centre in the old Coolgardie Post Office.

“We have today announced that we will be providing a grant of $195,000 to help provide this company (Goldfields NDT) now go to the next stage in their business. They will be able to double the size of their workforce because they will be expanding and being able to undertake a much bigger regime of testing services for the Mining industry. So that’s a great story for Kalgoorlie for creating jobs for in this company but its also about making mining in the Goldfields more cost effective” Minister MacTiernan said.

Goldfields NDT Director Dirk de Beer pinpointed the need to have a local facility to assist turnaround and provide something done elsewhere that could be achieved in the Goldfields. “This project started a couple of years ago and was a result of raising how much work was being sent to Perth, when it could be done locally except the facility wasn’t able to proved the service.” Mr de Beer said in relation to the development off a new facility.

“If its local, we get it done locally – we have a faster turnaround. Which means you get an answer quickly and mines can react quicker based on the information received. If we have to take it to Perth it can take from 2 days to up to three weeks.” Mr de Beer said.

The new facility for Goldfields NDT will be adjacent to Goldfields Highway and provide a striking statement to the South Boulder area and is on the cards to be up and running by the end of November pending approvals. For local Goldfields Esperance businesses keen to find out more about the RED grants, contact the Goldfields Esperance Development Commission.

Emeco Buys Out Pit N Portal

The acquisition of Pit N Portal this week by Emeco points to a healthy mining industry as we start the new year.  The deal worth $72 million sees $62 million cash change hands and $10 million worth of Emeco shares.

It is a highly strategic move by Emeco, that will see it move into the underground sector for the first time.  In particular, the Western Australian gold and nickel sector will see the major benefits from this acquisition.

Pit N Portal has grown into a large company over a short period of time and boasts more than 300 employees, mainly based in Western Australia, and a large asset base that boasts over 100 pieces of underground machinery.

Emeco’s move into the underground mining sector will be closely watched by other underground contractors who will be eyeing long-term contracts in the bullish gold sector and the promising rise in nickel’s fortunes.

MINING COMPANY FOUNDERS SHARE IN $72M SALEASX-listed mining equipment supplier Emeco has agreed to acquire…

Posted by ABC Goldfields-Esperance on Tuesday, 28 January 2020

Northern Star Donate Truck to TAFE

Northern Star Resources have again gone to great lengths to help the local TAFE give their diesel mechanic apprentices the best chance of learning on some of the latest technology.  The latest initiative from Northern Star Resources comes after last year donating a R2900G loader to kick-start the Mining Legends Charity Project, and separately to the TAFE a $250,000 Maintenance Technique custom designed drill training module. They also supplied training packages to the TAFE lecturers before the module’s installation.

 

This time they have donated a Sandvik TH551 truck with the latest in technology to help students learn best practice.  The truck, in its condition, is valued at approximately $200,000 so the size of the donation is considerable.

 

“Donating the machine was an easy decision,” Group Maintenance Manager for Northern Star Resources, Aaron Armstrong, said.  “In the long term we will see the benefits as better qualified apprentices come out of our local TAFE system.”

 

Realising that the full-size truck would take up too much space on the TAFE campus, Regal Engineering were commissioned to cut the truck down while all the time maintaining the integrity of the operating systems.  Regal were also required to manufacture skids to secure the machine to so that it could be moved, when required, in a simple way.

 

Daren Royle from Regal Engineering was equally enthusiastic.  “When Aaron first approached the company about this, I could immediately see the benefits for the students and what it would mean to be learning on a machine that had contemporary technology,” he said.  “The decision to be involved didn’t need much thought.”

 

At the time of publication, the machine is being readied for painting.

 

On hearing of the project, Sandvik, the manufacturer of the truck, donated the paint to return the truck to its original glory.  Of course, a business is required to do the painting and Force Equipment was quick to volunteer their Paint & Blast services.

 

Force Equipment Branch Manager, Jonothan Dark looks forward to their involvement.  “When talking to Aaron about this, his passion was contagious as was his logic.  It was an easy decision to make and Force Equipment are happy to be able to help apprentices increase their knowledge in this industry.”

 

 

 

 

 

However, before it can be painted it needs a thorough cleaning and Michael Worthington from Worthy Parts has allowed his new wash-pad to be used

 

“It didn’t take much persuasion for me to get involved in this project.  I wish I had something like this to work on when I was going through TAFE,” Michael Worthington said.  “Northern Star are setting a leading example to the mining industry, and the rest of the community.  Thanks also to Brendon Penn Crane Hire that will be getting it to and from our yard for the wash down.”

 

Central Regional TAFE Director of Training – Kalgoorlie, Chelsie Grace said the donation will provide additional training opportunities for students and really enhance the current training programs offered at TAFE across a number of areas.

 

“Practical training on equipment they can expect to work on when in the industry provides both pre-apprenticeship students and current apprentices with a huge advantage and invaluable experience” she said.

 

“The generosity of our local industry is one-of-a kind and this donation will really go a long way into better preparing our students for the workforce” she said.

 

“We really appreciate of all of the hard work that has gone into making this significant donation possible and for the further efforts in having it ready for us to start training students on” Mrs Grace said.

 

Once again goldfields’ mining companies and businesses have shown their generosity when it comes to practical and meaningful help.