What you missed in the news this week

St Barbara and Genesis Minerals have announced their merger to create Hoover House, St Barbara will acquire 100% of the shares in Genesis. Genesis shareholders will own 41% of Hoover House, with St Barbara shareholders owning 38%. Hoover House will have a production target of over 300,000oz of gold per annum. St Barbara chair, Tim …

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What You Missed in the News This Week

IGO’s Nova Mine will cease operations for several weeks after a fire started in the diesel engine room. No one was injured in the fire, but the West Australian mine safety authorises have launched an investigation into the incident. The mine is located in the Fraser Range, 160km east of Norseman. IGO’s acting chief executive, …

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What You Missed in the New this Week

Surbiton Associates has announced Australian gold production for the September 22 quarter is down 9% from the June 22 quarter. The September quarter saw 76 tonnes compared to the 83 tonnes from the June quarter. Surbiton Associates director, Dr Sandra Close said gold production for the quarter is somewhat disappointing and stated “some wet weather …

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What You Missed This Week in the News

BHP has offered Oz Minerals a takeover offer of $28.25/share, including $9.6B, three months after their initial unsolicited offer. BHP offered a$25/share, $8.4m takeover offer in August, which Oz Minerals rejected, saying it failed to properly value the company’s portfolio. The offer comes after the two renewed talks on Thursday, and Oz Minerals board have …

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What You Missed This Week in the News

    Mining magnate Twiggy Forrest at the Egypt COP27 climate summit this week, is pushing to restrict seabed mining until it has the same protections as land mining. In sentiments echoed by conservationist groups, Forrest voiced concerns about the environmental impact of seabed mining – which could begin as early as mid 2023. “The …

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What you missed in the news this week 4 Nov 2022

Rox Resources announced a 110% increase of production to 187koz Au since 2018. The increase is at their Mt Fisher and Mt Eureka gold projects in the Eastern Goldfields.   Rio Tinto and BHP have joined forces to for research into technology to increase water recovery from mine tailings. They are currently trialling a large-volume …

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What You Missed This Week In The News

Buru Energy Ltd was dealt a blow in this week’s Federal Budget. In April 2022, Buru was awarded a $7M Commonwealth Government Grant for Geovault, their offshore geological storage of greenhouse gas in the Carnarvon Basin. The program that the grant was offered by has been cancelled in this new budget. A revised grant will …

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What You Missed In The News This Week

St Barbara’s share price plummeted to a 7 year low, dropping 35.18% after they released their quarterly report on Tuesday. The shares dropped from $0.68AUD to just $0.46AUD. Production was down almost 26% and costs up 34.8% from last quarter. Currently it costs St Barbara $4/oz more to produce gold than they receive from selling …

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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 …

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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 …

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