Author: Chloe Coutinho

Glencore partners up on copper with $40m loan

Glencore partners up on copper with $40m loan

Glencore partners up on copper with $40m loan Glencore will provide a $40m senior loan facility to Cyprium Metals (ASX: CYM) to execute the copper cathode and concentrate offtake agreements. This new loan completes the refinancing of Cyprium’s near-term maturities. With refinancing completed, the company will now focus on bringing copper products to market. Cyprium executive chair Matt Fifield says the company’s commercial strategic partnership with Glencore continues to gain momentum. “First, our offtake agreements for copper products are in final form,” he said. “We expect to execute them alongside the loan facility in the...

Newmont says its purpose is to create value and improve lives through sustainable and responsible mining.

Newmont giving back to its people and communities

Newmont giving back to its people and communities Newmont (ASX: NEM) has made a number of strides in its commitment to engagement and inclusion, from supporting improved regional health access to empowering female staff. The company has partnered with the Charles Sturt University Foundation to establish a rural health simulation centre near its Cadie operation in Orange, NSW. Newmont Mines Cadia Valley operations provided a generous donation of $1.4m for the centre which will be used to train regional doctors and encourage them to remain in country areas. The centre will ensure the University’s medical, allied health and nursing students...

(Image source: Bravus Mining & Resources) Details about how the technology was used have been published in the international journal Animal Biotelemetry, which will help conservationists learn more about other less-tracked species.

Bravus black-throated finch project takes flight

Bravus black-throated finch project takes flight A high-tech research project between Bravus Mining and Resources and Queensland scientists has created a new model to uncover the secrets of rare bird species. The joint project with researchers from ecology consultancy E2M has provided new information about the habitat and daily movements of the black-throated finch, using an AI-supported radio tracking program. Bravus Mining and Resources chief operating officer Mick Crowe says the latest findings from the research project are an important part of Bravus’ commitment...

(Image source: Bravus Mining and Resources) (L-R) WRC Mayor Ry Collins and BRC general manage Brendan Lane at the official opening of the Collinsville pump track.

Collinsville kids ride high at Bowen Rail Company-funded ‘pump’ bike track

Collinsville kids ride high at Bowen Rail Company-funded ‘pump’ bike track There were plenty of thrills and a couple of spills as Bowen Rail Company and Collinsville residents celebrated the official opening of the Queensland town’s eagerly anticipated $300,000 ‘pump’ bike track. Located in Darcy Munro Park, the Collinsville pump track is designed for skateboarders, bike and scooter riders to make their way over a series of rollers, jumps and berms by generating momentum through up and down body movements, instead of pedalling or pushing. Bowen Rail Company fully-funded the...

CuFe says it will focus on progressing its suite of prospective assets including the advanced Tennant Creek copper and gold project and the Yarram iron ore project in the Northern Territory as well as a raft of prospective exploration projects.

CuFe to sell iron ore mine to Newcam Minerals

CuFe to sell iron ore mine to Newcam Minerals CuFe (ASX: CUF) will sell the iron ore rights to its WA JWD iron ore mine to Newcam Minerals for $12m cash, citing challenging conditions in the iron ore market. The JWD mine will suspend operations while the ownership transition occurs to preserve the value of ore in the ground. Iron ore prices have been declining all year from a peak of $141.45 per tonne at the...

The terms agreed with NAIF include a commitment by De Grey to continue to engage closely with the Kariyarra People, the Native Title holders of the land on which Hemi is located.

$150m boost for De Grey’s Hemi gold project

$150m boost for De Grey’s Hemi gold project De Grey (ASX: DEG) is progressing on the development of the WA Hemi gold project after receiving a $150m loan from the Federal Government’s Northen Australia Infrastructure Facility (NAIF). De Grey managing director Glenn Jardine says the company appreciates the strong support for the development shown by NAIF and acknowledges the important role played by the Federal Resources and Northern Australia Minister Madeleine King and the Federal Northern Australia Special Envoy Luke Gosling. “Hemi is an...

Pilbara Minerals’ strategic objective to enter lithium chemical manufacturing also progressed as planned, with production commencing at the POSCO Pilbara Minerals JV chemical plant in South Korea.

‘Disciplined Delivery’: Pilbara Minerals FY24 results

‘Disciplined Delivery’: Pilbara Minerals FY24 results Pilbara Minerals (ASX: PLS) made significant strides in safety and production and is set to capitalise on several promising projects, despite a softer lithium pricing environment. Spodumene concentrate production increased 17% to 725.3kdmt from FY23. Safety metrics also improved with the Total Recordable Injury Frequency Rate reduced by 27% to 3.4 compared to FY23. These results follow the opening of Pilbara Minerals new crushing and ore sorting facility at its Pilgangoora operation in WA, the final component in the P680 project. The P1000...

(Image Source: The University of Queensland) Professor Esteban Marcellin at the AIBN lab.

Transitioning the world’s biggest companies to net zero

Transitioning the world’s biggest companies to net zero A new $60m Biosustainability Hub at The University of Queensland will use synthetic biology to help the world’s biggest businesses transition to net zero. Funded by government, industry and UQ, the Biosustainability Hub aims to be a one-stop-shop for big companies to transform their production practices and create carbon neutral economically viable products and materials. UQ’s Australian Institute for Bioengineering and Nanotechnology (AIBN) Biosustainability Hub director Professor Esteban Marcellin says the facility is the first of its kind in Australia and co-locates research groups and industry who share a vision to transition society to net...

(Image source: Komatsu) The launch of the program coincides with the start of National Skills Week, which runs from August 19-23.

Komatsu youth program showcases STEM skills for heavy industries

Komatsu youth program showcases STEM skills for heavy industries Komatsu Australia has launched a program which will help develop young talent and showcase the diverse range of opportunities available in the mining and construction sectors around the country. The program targets school and university students and recent school leavers and will include initiatives like promoting STEM directly through schools, technical workshops and seminars tailored to students and educators, work experience and placements throughout Komatsu. Komatsu Australia general manager for people experience Zara Carey says the program will help prepare the next generation of industry leaders...

(Image source: Liebherr) The first electric excavator in BHP’s worldwide fleet: the R 9400 E.

‘Electrification is part of our DNA’: Liebherr

‘Electrification is part of our DNA’: Liebherr Liebherr-Australia and BHP (ASX: BHP) recently celebrated the commissioning of the first electric excavator to join the BHP fleet. The R 9400 E is a 400t class backhoe excavator is equipped with Liebherr’s cable reel — an autonomous cable management solution for Liebherr’s electric excavators that offers improved machine manoeuvrability and operator safety. Due to the dynamic and versatile nature of iron ore mining compared to traditional cable electric excavator applications, the added mobility offered by the cable reel will help maintain optimal productivity during operation. Liebherr-Australia sales and marketing executive general manager Brian Boitano says...

CMG has agreed to co-contribute at least $2m towards the development of the facility.

$2m grant for vanadium electrolyte demonstration plant

Critical Minerals Group (CMG) (ASX: CMG) has received a $2m grant from the Queensland Government under the Queensland Critical Minerals and Battery Technology Fund.The grant will partially fund the development of a vanadium electrolyte manufacturing demonstration plant consisting of a single 12-cell electrolyser unit that has the capacity to produce one million litres of vanadium electrolyte per year.