Hermosa moves closer to federal land expansion

In December 2019, Legend Mining (ASX: LEG) catapulted to a $200 million market capitalisation after exploration drilling revealed a nickel-sulphide discovery at its Rockford Project’s Mawson Prospect in the Fraser Range nickel belt in Western Australia. The stock doubled in price in a single day on speculation that the exploration drilling was the first sign of Mawson being the region’s “next Nova discovery”. Prior to this, the 2012 discovery of the Nova nickel deposit, also in the Fraser Range nickel belt, shot Sirius Resources to fame, returning shareholders a return of circa 10,000% in a matter of months and led to Sirius’ acquisition by Independence Group (ASX:IGO) for $1.8 billion. Located 50 kilometres along strike from Legend’s Mawson Prospect is…

BY JESSICA CUMMINS NEWCREST Mining has entered into the farm-in stage of its agreement with Mirasol Resources’ Altazor gold project in Chile. The two companies first signed an option and farm in agreement in November 2017, which saw Newcrest set to acquire up to 80 per cent of the project by completing a series of exploration and development milestones. After completing an aggressive exploration program comprising systematic soil sampling, detailed geological mapping, magnetics and electrical geophysics last year, Newcrest presented an exploration budget totalling $US3.3 million for this season’s exploration program. Exploration works would be focussed on a maiden drilling program, subject to obtaining applicable permits and permissions. Mirasol president and chief executive Stephen Nano said the company was pleased…

China Mineral Resources Group (CMRG) has reportedly told several Chinese steel mills they can purchase some BHP (ASX: BHP) cargoes, relaxing restrictions that have been in place since September 2025.The state-backed iron ore buyer is reportedly allowing domestic plants to resume bidding for some BHP shipments denominated in US dollars, according to Bloomberg.The move follows a recent trip to China by BHP chief executive Mike Henry and incoming chief executive Brandon Craig where they met with executives at China Baowu, the world’s largest steel maker.“We have strong relationships with copper producers and steelmakers in China,” Mr Craig said in a LinkedIn post.“ produce around 130mt of steel a year… the reliable supply of quality Pilbara iron ore has made a big contribution to this remarkable growth story, and it will continue to do so in the years ahead.”CMRG was established in 2022 to shift the power dynamics between China and iron ore majors, including BHP, with the Chinese Government arguing that iron ore unfairly favoured the dollar-denominated seaborne market.Commercial negotiations between BHP and CMRG have been ongoing since September as CMRG continues to place pressure on BHP to accept new price-setting mechanisms. After BHP reportedly rejected the term, CMRG banned the import of Jimblebar fines grade before enforcing broader restrictions on all dollar-denominated cargoes.

ANGLO American has partnered with French multinational energy and energy services company Engie to develop the world’s largest hydrogen-powered mine truck. The project is part of Anglo American’s FutureSmart Mining initiative, which applies innovative thinking and technological advances to address mining’s major sustainability challenges. “We are extremely pleased to be partnering with Engie and we look forward to developing and implementing this step-change technology,” Anglo American technical director Tony O’Neill said. “As part of our Smart Power Project, where we analysed our mine site power requirements and applied a unique decision process on how we look at renewable energy systems and their benefits, we came up with a mix that allows us to be carbon neutral and have a very…