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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. …
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 …
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 …
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 …
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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Epiroc acquires another Kalgoorlie Boulder company
Swedish company, Epiroc, has agreed to acquire Kalgoorlie Boulder company, Remote Control Technologies Pty Ltd. RCT provides automation and remote-control solutions for single machine and entire mixed fleets, and provides data and information systems, fleet and machine management systems. RCT began in 1972 when Kalgoorlie Boulder based founder Bob Muirhead saw numerous fatalities and serious …
Continue reading “Epiroc acquires another Kalgoorlie Boulder company”
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 …
Federal Budget Breakdown
The 2022 October Federal Budget has been announced. Here’s how the Goldfields and mining are affected. The migration cap will increase 35,000 persons to 195,000 people in 2022-23. At least 90% of these 35,000 will be for skilled migrants and more than 25% will be targeted to regional areas. This will ease labour shortages …
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 …
