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Dampier Salt to sell Lake MacLeod for $375m Dampier Salt has entered a sales agreement for the Lake MacLeod salt and gypsum operation in WA to salt company Leichhardt Industrials Group for $375m. Dampier Salt is a joint venture between Rio Tinto (68%), Marubeni Corporation (22%) and Sojitz (10%). Lake MacLeod is one of three solar salt sites owned by Dampier Salt with the other two operations in Dampier and Port Hedland. It lies within Baiyungu country in the Gascoyne region of WA and consists of a 1.5mtpa salt operation, 1mtpa gypsum operation and a deepwater port. Dampier Salt is the world’s largest exporter of seaborne salt with capacity...

Seeking innovators for critical minerals exploration in 2025: BHP Xplor BHP has opened applications for the 2025 cohort of its six-month accelerator program, Xplor, which focuses on uncovering new sources of critical minerals. This follows the success of the 2023 and 2024 cohorts, with participants receiving up to $500,000 in equity-free funding, mentorship with technical, business and operational development, as well as connections within BHP’s extensive network of suppliers and service providers. Since inception BHP has entered partnerships with three of program’s alumni. BHP Xplor and exploration vice president Sonia Scarselli comments on this. “Xplor in 2024 was an unforgettable...

Hancock Prospecting chairman Gina Rinehart has her sights set on Riversdale’s Canadian assets. Image: Hancock Prospecting.   BY EMMA DAVIES GINA Rinehart’s Hancock Corporation has announced an all-cash offer to acquire all of the ordinary shares in Riversdale Resources, in which Hancock does not already have a relevant interest. Riversdale is an Australian coal development company with assets in the Crowsnest Pass Complex in Alberta, Canada, including the Grassy Mountain project. Hancock had offered a price of $2.20 per share and would increase the offer price to $2.50 per share (totalling a bid of almost $600 million) if Hancock’s shareholding in Riversdale reached more than 50 per cent on a diluted basis before the close of the offer. This would...

EXTENDED potential mineralisation has been identified at Cyprium Metals’ Hollandaire prospect, with follow-up drilling planned for March 2020. The results were outside the current mineralisation, promising a greater yield for the Cue copper project located north east of Perth, near the Murchison Project. The RC drilling which was completed in February has identified further mineralisation at depth on the western margins of both the east and west structures, with results being returned outside of the currently identified mineralisation. Five intersections from 156m to 283m returned positive findings. The results identified solid concentrates of up to 7.50 g/t from 161m and 1.79pc copper from 116m. Musgrave Minerals is pursuing an option for a joint venture and earn-in with Cyprium that will...