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The Federal Government has prevented Chinese company Yuxiao Fund from raising its stake in Northern Minerals on grounds of national interest. Yuxiao Fund wanted to increase its holding from 9.92% to 19.9% but needed approval from the Foreign Investment Review Board. Northern Minerals has been focused on fine-tuning its heavy rare earths processing system through …
What You Missed in the News This Week
The West Australia government fears heavy rains could wash polluted water from Alcoa mines into the state’s biggest dam, making the water undrinkable. The US aluminium giant that mines bauxite within 300 metres of the water’s edge at Serpentine Dam changed its methods about five years ago, increasing the risk of sediment flowing into the …
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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Todays Top Story – Warnings of Health Related Risks at Work This Summer
We are almost right in the middle of summer here in Australia. As this season is welcomed by some with open arms, it comes as no surprise that we are now being warned of some of the dangers associated with this time of year, in particular heat dangers in the workplace. Department of Mines, Industry Regulation and Safety (DMIRS) has …
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Morning News Bites – November 4
Neometals Completes Mini-Pilot Test Work. On top of Neometals (ASX: NMT) yesterday announcing its venture into battery recycling it has released details of the successful completion of its mini-pilot test work campaign on the Company’s Vanadium Recovery Project. Results confirmed excellent vanadium chemical product purity (>99.5% V2O5), strong recoveries (>75%) and reduced residence time for …
Morning News Bites – November 2
Nexus Releases High Grade Assay Results. Nexus Minerals (ASX: NXM) has released significant high-grade assay results from the Reverse Circulation holes drilled at the Pinnacles JV Gold Project, in the eastern goldfields of Western Australia. All RC drilling assay results have now been received from this program. Nexus consultants have been engaged to undertake a …
