Author: Chloe Coutinho

The Hemlo gold mine is located 350km east of Thunder Bay in Ontario, Canada.

Barminco books $200m contract extension at Hemlo

Barminco books $200m contract extension at Hemlo Perenti’s (ASX: PRN) underground mining business, Barminco has signed a three-year extension with Barrick Gold Corporation to continue contract mining at the Hemlo gold mine in Canada. Hemlo, which has been in production since 1989, was transitioned to a contract mining model in 2019, with Barminco as the main underground contractor since. The new contract is initially for 36 months, but also includes two 12- month options to extend. If these options are exercised, Barminco will be operating at Hemlo until 2029. Perenti managing director and chief executive Mark Norwell says this is another great...

(Image source: Gold Fields) Members of Ngadju and Gold Fields at Lake Cowan after the historic signing.

Gold Fields-Ngadju People native title agreement for St Ives mine

Gold Fields-Ngadju People native title agreement for St Ives mine Gold Fields and the Ngadju Native Title Aboriginal Corporation (NNTAC) RNTBC have signed a Native Title Agreement for the St Ives gold mine in WA. The Ngadju People are the determined Native Title holders of the area surrounding Norseman, spanning 102,000km2, which includes Gold Fields’ St Ives gold mine located in Kambalda. This landmark agreement delivers compensation payments to the Ngadju People, including a substantial initial payment in recognition of the historical mining activities that have occurred on Ngadju lands. NNTAC chair Thelma Dimer says this agreement represents a...

Glencore says shareholder preferences have evolved and that many shareholders are no longer supportive of a demerger largely due to evolving views on ESG.

Glencore shifts on coal with shareholder support

Glencore shifts on coal with shareholder support Glencore will retain its coal and carbon steel materials business after receiving backing from shareholders, citing opportunities to fund its transitioning metals portfolio. With its acquisition of a 77% interest in Canadian coal miner Elk Valley Resources in July, Glencore intended to demerge the combined business within 24 months from close. Following the acquisition, Glencore consulted shareholders to assess views regarding retaining or demerging the business, with over 95% of consulted Glencore shareholders supporting retention. Glencore says shareholders do not see a demerger as ESG...

The Federal and WA Government investments in major projects across Pilbara Ports are driving demand for regional jobs, with 74% of Pilbara Ports contract spend remaining within WA and almost 45% invested in Pilbara-based businesses.

Fifth year of record-breaking exports in the Pilbara

Fifth year of record-breaking exports in the Pilbara The Pilbara region in WA saw a record 758.3mt of exports valued at about $173.2b pass through its ports in FY24. Iron ore was a major factor in this result, with Pilbara Ports handling about 80% of the national iron ore trade and 43% of the global iron ore trade. The record-breaking exports were achieved alongside more than 7,700 safe vessel visits, equating to an average of 21 vessel visits each day across...

The ASI says the extent of the price undercutting being reported is indicative of subsidies and dumping from the country of origin being major contributors to the problem.

Government urged to step in for Australian steel

Government urged to step in for Australian steel The Australian Steel Institute (ASI) is enlisting support from Federal and state governments for local steel fabricators and manufacturers, after research revealed the local industry is being undercut by an excess of cheap imports. Australia has experienced weaker industrial output of steel since the start of 2023 as world steel demand continues to be affected by the elevated interest rate environment in most advanced economies, according to the Federal Department of Industry, Science and Resources’ June Resources and Energy Quarterly...

Norseman gold gearing up for growth

Norseman gold gearing up for growth

Norseman gold gearing up for growth Pantoro (ASX: PNR) has announced an 85,000m growth drilling program for FY25 at the Norseman goldfield in WA, in what promises to be an impactful year for the miner. The $25m program aims to develop four key areas to establish a third underground mine or substantially increase the size of the Scotia and OK mines during FY26. The growth program includes combined diamond and reverse circulation (RC) drilling over its existing mines, Southern mainfield,...

(Image source: Element25) The Element25 Butcherbird project in WA.

Element 25 expansion essential for energy transition

Element 25 expansion essential for energy transition Element 25 (ASX: E25) is expanding its Butcherbird processing facility in WA to 1.1mtpa of manganese oxide concentrate. This follows the release of its January 2024 feasibility study (FS) which demonstrated potential for robust economic returns and rapid capital payback. Element 25 has commenced detailed design, planning and procurement for the Stage 2 expansion project. Expansion of the Butcherbird processing facility is an important step in providing feedstock for the planned battery-grade high purity manganese sulphate monohydrate (HPMSM) project to be built in Louisiana, USA. The refinery will be the first ever north American HPMSM facility in partnership with...

The new Westgold is dual-listed on the ASX and TSX.

Westgold lands on the TSX

Westgold lands on the TSX Westgold Resources (ASX: WGX) has commenced trading on the Toronto Stock Exchange following its merger with Karora Resources. Westgold acquired 100% of the issued and outstanding shares of Karora, with Karora shares being delisted from the TSX on August 2. Westgold managing director and chief executive Wayne Bramwell says the merger with Karora creates an ASX and TSX listed, mid-tier gold producer with international appeal. “Westgold is unhedged, well-funded and focused on delivering shareholder returns,” he said. “The TSX: WGX listing provides increased liquidity and brings a +400,000oz producer to a broader investor base. “The listing also sees potential demand from...

(Image courtesy of OCI) The project, located in Beaumont, Texas, will be the world’s first ammonia plant paired with auto thermal reforming with 95%+ carbon dioxide capture.

Woodside to acquire $3.61b lower carbon ammonia project

Woodside to acquire $3.61b lower carbon ammonia project Woodside (ASX: WDS) will acquire 100% of OCI Clean Ammonia Holding B.V. and its lower carbon ammonia project for an all-cash consideration of about $3.61b (USD$2.35b). With an advantageous location on the US Gulf Coast, the project will have access to multiple sources of feedstock and a deepwater port for international export. The project is under construction and targets production of first ammonia from 2025 and lower carbon ammonia from 2026. Woodside chief executive Meg O’Neill says the acquisition supports Woodside’s...

(Image source: Liontown Resources) These developments follow the achievement of first production through the entire Kathleen Valley value chain as of July 31.

Liontown delivers at Kathleen Valley

Liontown delivers at Kathleen Valley Liontown Resources (ASX: LTR) reports first underground development ore mined and first spodumene concentrate delivered to port at its Kathleen Valley lithium project in WA. Since the commencement of underground operations at Mt Mann in November 2023, more than 4,000 development metres have been advanced. The 145t of spodumene concentrate delivered to the Port of Geraldton in WA, will be stockpiled at Qube’s dedicated storage shed ahead of first shipment planned for later this quarter. Liontown managing director and chief executive Tony Ottaviano says this rapid progression underscores...

Jonathan Fisher addressed several anxieties around nuclear energy, including cost and safety concerns.

Lift the uranium ban: Cauldron Energy’s Jonathan Fisher

Lift the uranium ban: Cauldron Energy’s Jonathan Fisher Cauldron Energy chief executive Jonathan Fisher advocated for uranium mining in Australia at the WA Mining Club July luncheon. Mr Fisher argues uranium mining is essential to decarbonisation and cites the Federal ban on nuclear energy and WA ban on uranium as roadblocks in achieving emissions reduction goals. “The nuclear industry globally is now awake,” he said. “That is driven by decarbonisation because other than hydro, nuclear is the only mass available, baseload generating, zero carbon source which is on 24/7.” Following the triple nuclear pledge signed at COP28 — which saw 22 countries pledging...