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A lot has happened in 2022 so we’ve compiled some of this year’s biggest mining news: January Rio Tinto expects the introduction of battery-electric powered trains in the Pilbara will help them halve their emissions by 2030. They hope the trial will pave the way for its entire fleet of 220 diesel locomotives to go …
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 …
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 …
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 …
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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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 …
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Morning News Bites – November 6
Gold and the US Election. It would seem the gold market has factored in a win to Biden in the US elections with the price of gold rising by about US$40 in overnight trade (Australian time). The Aussie dollar has risen against the greenback to ~US72.6c, which gives an Aussie gold price of ~$2,680. As …
Morning News Bites – November 5
Wiluna Mining Increase Mineral Resource. Wiluna Mining Corporation (ASX: WMX)has reported an increase to the Mineral Resource for the Wiluna Mining Centre, as part of the Company’s ongoing Sulphide Development plan. Wiluna reported a 4.24Moz @ 4.89 g/t High Grafe Mineral Resource at the Wiluna Mining Centre, which is 11% more than reported in September, …
This Afternoons Top Story – Is Age Just a Number In This US Election?
With the US elections in full swing it got me around to thinking about the age of both candidates and the obvious question for me was, are they both too old? I don’t intend to talk about their politics or policies and who would be better for the US and the world. As far as …
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