What You Missed in the News This Week

St Barbara Minerals released their December quarterly report this week, with disappointing results. Consolidated gold production was down from 63,700oz in the September quarter to 60,976oz. The Leonora operations saw a reduction of gold production from 34,078oz last quarter to 32,175oz. The December quarter from the year before produced 16,462oz more gold than this quarter. …

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What you missed in the news this week

Hancock Energy has increased its offer to buy Warrego Energy from $0.28 cash per share to $0.36 cash per share, totalling $447m if the offer is approved. Three of the Four Warrego directors have recommended shareholders accept the deal over an offer made by Strike Energy, offering one Strike share for every Warrego share.   …

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12 Months of Mining Recap

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 …

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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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Savannah Set To Restart – Letters of Intent Placed

Hot on the heels of the Cassini mine opening near Kambalda recently, another Western Australian nickel project is making the move this morning – Panoramic Resources Savannah Nickel Project in the East Kimberley. Panoramic is preparing with the restart of mining from August 2021 and the first shipment of concentrate earmarked for December. A 12-year mine life with an average annual production target of 9,072t nickel, 4,683t copper, and 676t cobalt …

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Australian Gold Production Up

Surbiton Associates have released their Australian gold production report for the quarter and there was an increase of over 10% from the March quarter. The June quarter produced 85 tonnes up from the 77 tonnes for the March quarter. The FY gold production for Australia was 328 tonnes worth almost $25 billion at an average …

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Morning News Bites – July 24

In today’s morning news bites – Gold nears 1900US/oz overnight (~$2644A/oz), National cabinet meets today and Apple delays its iPhone 12. A first diamond drill hole for Talisman Mining has resulted in 0.81m @ 2.34 g/t Au from 467.1m Including 0.14m @ 4.10 g/t Au from 467.1m and 0.45m @ 1.34 g/t Au from 491.5m at …

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Morning News Bites – July 22

ASX drops on early trade after a four month high yesterday, Josh Frydenberg has eluded to a hit on the Federal Budget bottom line from wage subsidies and loss of tax revenue and Prince George turns 7! Resolute Mining has produced 107,183oz for the June quarter at an All In Sustain Cost of US$1,033/oz. This …

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