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Gold mining company Newmont (ASX: NEM) has delivered ‘strong’ Q2 2024 results, producing nearly 2.1m gold equivalent ounces from its operations. Notably, attributable gold production decreased 4% from the previous quarter to 1.6moz due to lower production at the Cerro Negro mine in Argentina after operations were suspended following the fatalities of two members. Operations were also suspended at Telfer in WA as further work was completed to improve the safe operation of the tailings storage facility. Second quarter production was also impacted by lower production at Lihir, Papua New Guinea, due to heavy rainfall impacting mine sequencing and at Akyem, Ghana, due to lower grades as a result of the ongoing stripping campaign. These impacts were partially offset by…

Following a feasibility study confirming outstanding cashflow and financial returns, Fenix Resources (ASX: FEX) is set to build a new iron ore mine at the Beebyn-W11 deposit in WA. The feasibility study revealed a high-grade, high-quality operation that provides strong returns over its seven year mine life with annual production of 1.5mdmt. The Beebyn-W11 deposit has a maiden ore reserve of 10mt at an average grade of 62.2% iron and includes 8.3mt in proven and 1.7mt in probable ore reserves. Based on forecast cash operating costs of $77.5wmt (US$50.4wmt), the mine will generate forecast annual earnings before interest, tax, depreciation and amortisation of $47.9m. Fenix executive chairman John Welborn says the introduction of a new mine is an exciting time…

UGL, a member of CIMIC, is continuing its partnership with ARRA Group, a majority Indigenous managed, owned and controlled company based in WA. Since 2018, ARRA Group has been a valued supplier within the UGL supply chain, supporting the growth and development of both companies. ARRA Group specialises in training, recruiting and placing individuals in roles that benefit both the employers and employees. Its commitment to creating opportunities for Indigenous communities aligns with UGL’s Reconciliation Action Plan (RAP). Launched in June 2022, the RAP serves as an opportunity to further focus UGL’s reconciliation efforts on expanding partnerships with Aboriginal and Torres Strait Islander organisations. The RAP focuses on increasing the number of Aboriginal and Torres Strait Islander employees within company…

A maiden mineral resource estimate (MRE) has been released for the Orelia North gold deposit, part of Hammer Metals’ (ASX: HMX) Yandal gold project in WA. The MRE stands at 1.48mt @ 1.15g/t gold for 54.5koz of gold and it extends from surface and remains open at depth. The MRE was based off data from 338 holes, for a total of 18.44km, and 7314 laboratory analyses. The holes were drilled in 2019 and 2024 and consisted of 43 reverse circulation holes and 295 air core holes. Due to the dominance of the air core drilling over the reverse circulation drilling, the MRE has been classified at inferred. Hammer managing director Daniel Thomas commented on the release of the MRE. “We’re…

Spanish construction company AMM has added two Liebherr PR 776 Crawler Dozers to its vehicle fleet for the cost-effective delivery of more demanding projects. AMM specialises in civil engineering and major construction projects, covering a range of services such as railway construction, hydraulic engineering and industrial projects. These two new Liebherr crawler dozers complement the existing fleet which includes a PR 744, PR 746, PR 764 and PR 766. The PR 776 dozer is noted for its optimum efficiency and power transfer, making construction operations not only more efficient but also more sustainable. Compared to fuel consumption of 90lph of alternative dozers, the PR 776 has fuel consumption of 55lph. The first Liebherr PR 776 Crawler Dozer has already completed…

The Tasmanian Government has opened applications for round 10 of the Exploration Drilling Grant Initiative (EDGI). The search for critical minerals needed for the world’s decarbonisation plans will be a key focus in this latest round of mineral exploration grants. Tasmanian Business, Industry and Resources Minister Eric Abetz commented on the new funding round. “There is a global shift to find the minerals needed to build our economy and Tasmania can be a leader in this endeavour,” he said. “This funding will allow mineral explorers to test greenfield locations which may lead to our next big mineral discovery.” Now in its seventh year, the grants program supports industry and investors to find new and potentially lucrative mining opportunities The first…

Weir has launched the ENDURON® Orbital range of vibrating screens for sand, aggregate, construction and small tonnage mining operations. With an all-bolted construction, the screens significantly improve reliability by eliminating welding in high-stress areas, removing the leading mode of failure in vibrating screens. Locking bolts ensure structural integrity and durability, supporting easy maintenance with the quick replacement of individual components without the need for extensive downtime. The ENDURON® Orbital range comes in two screen types, the E series: Elliptical Motion Horizontal Screens and the C series: Circular Motion Inclined Screens. Both screen types are designed with a commitment to innovation and quality, incorporating the latest technologies to deliver exceptional performance across a broad range of sand and aggregate and mining…

A social investment contract between BHP (ASX: BHP) and the Port Hedland Chamber of Commerce and Industry (PHCCI) is aiming to drive economic growth, sustainability and community development in the region. Over the next three years, BHP will invest $2m to boost local businesses activity with a focus on driving diversity of suppliers, attracting sustainable businesses to the region and increasing job creation and workforce readiness. The program aims to attract, develop and retain a diversified small business ecosystem in Port Hedland, South Hedland and Wedgefield through the deliver of workshops and programming designed to build the capability of local business and encourage new and diverse businesses to enter the market. The partnership was announced by general manager port Cindy…

Auric Mining (ASX: AWJ) and WIN Metals (ASX: WIN) have signed a binding term sheet for the partial sale of WIN’s nickel and lithium rights within the Munda gold project in WA. The total initial transaction is $1.2m with the nickel rights component making up $1m of that. Auric now owns all minerals and has sole mining rights for the next eight years down to the 235m RL, around 150m below surface. After the eight years are up, WIN will have the right to develop a decline from within Auric’s rights area. WIN’s right can include the development from within a Munda open pit and may occur simultaneously with ongoing open pit mining. Furthermore, and following an agreed sterilisation drilling…

Lynas Rare Earths (ASX: LYC) and Zenith Energy have signed contracts for the supply of power to Lynas’ Mt Weld mine and concentration plant in WA. The power will be supplied via a 65MW hybrid power station comprising of a 24MW wind farm, a 7MW solar PV farm and a 12MW battery energy storage system. Additionally, the renewable facility will be supported by a 17MW high efficiency gas fired power station. To provide redundancy in the back-up system for 24/7 operations, 5MW of diesel standby generation will be installed. Under a power purchase agreement, Zenith will finance, build, own, operate and maintain the new hybrid power station at Mt Weld for 15 years. The agreement will begin from the installation…