Author: Chloe Coutinho

Orica takes top AFR Sustainability Leaders award Orica (ASX: ORI) was the overall winner for impact and the resources, energy and utilities category in the 2024 Australian Financial Review (AFR) Sustainability Leaders awards. This follows a $37m investment from Orica, the NSW Government and the Clean Energy Finance Corporation for innovative low-carbon technologies at Orica’s Kooragang Island ammonium nitrate plant in Newcastle, NSW. ...

Rio Tinto supports Indigenous languages preservation The Australian Institute of Aboriginal and Torres Strait Islander Studies (AIATSIS) has launched AIATSIS Centre for Australian Languages and the ‘Our Languages Keep Us Strong’ program with support from Rio Tinto (ASX: RIO). Rio Tinto committed $10m in 2022 for their establishment and implementation to protect and preserve Indigenous Australian cultures and knowledge. Rio Tinto Australia chief executive Kellie Parker says the launch is a significant milestone in the ongoing effort to preserve and celebrate the linguistic diversity of Australia’s First Peoples....

South32 deploys innovative technology worldwide South32 (ASX: S32) is making progress across Australian and American mining operations with the development of automated exploration technology and energy efficient grinding plant equipment. In Australia, South32 has successfully completed the trial of its Evolution Drill Rig prototype. The prototype was trialled over three months at the Jessica and Cararra exploration projects in the Northern Territory, where South32 is in farm-in agreements with Encounter Resources (ASX: ENR). The drill rig, operated by contract partner DDH1 Drilling, improves safety performance without reducing productivity by removing the manual rod handling process during drilling. It...

$393m deal pushes Hillside copper forward MACH is set to acquire all remaining shares of Rex Minerals (Rex) (ASX: RXM) in a new scheme implementation deed. The Rex board has unanimously recommended the transaction. The offer follows a competitive global partnering process which identified a $854m funding and development pathway for mining operations at Rex’s Hillside copper-gold project in South Australia. Rex Minerals chief executive Richard Laufmann says this option provides certainty for stakeholders in Hillside, including the local community, the South Australian Government and Rex employees. “The Transaction provides certainty of value and a significant premium representing a...

Alkane’s golden year: strong production for FY24 Alkane Resources (Alkane) (ASX: ALK) Tomingley gold operations in New South Wales has closed FY24 with 57,217oz of production to meet its updated guidance. Production in the June quarter of FY24 accounted for 17,319oz of gold. Preliminary all in sustaining costs (AISC) are expected to fall within updated guidance ($2,150/oz to $2,350/oz) for FY24 The Group’s unaudited cash, bullion and listed investments position at the close of FY24 totalled $54.5m, comprising $45.5m cash, $8.7m of bullion on hand and $0.3m of listed investments. Alkane managing director Nic Earner says the Roswell underground ramp-up is the primary...

SCEE secures $50m contract for Collie battery SCEE Electrical (ASX: SXE) has been awarded a $50m contract to link Synergy’s (ASX: IS3) Collie battery to the WA power grid. Upon completion in late 2025, the battery will be one of the biggest in the world with a capacity of 500MW/2000MWh. The new scope of works will deliver a 330KV switchyard, substation and support ancillary buildings and equipment to connect the Collie battery to Western Power's network. With State-owned coal-fired power stations due to be retired by 2030, the WA Government has committed $2.3b for Synergy to deliver new battery storage to...

Federal Government plans for a stronger, cleaner economy The Federal Government has introduced the new Future Made in Australia Bill 2024 to Parliament. This package will legislate the new National Interest Framework, introduce a robust sector assessment process and outline the Community Benefit Principles intended to encourage new industries that strengthen economic resilience during the energy transition. The National Interest Framework defines criteria for identifying sectors essential to the net zero transformation and where Australia has a genuine comparative advantage. The...

Rio Tinto invests $18.5m in WA based Sovereign Rio Tinto (ASX: RIO) has increased its shareholding in Sovereign Metals (ASX: SVM) to 19.76%, making it the company’s largest shareholder. Via an option excise, Rio Tinto will invest $18.5m to be used to advance the Kasiya rutile-graphite project in Malawi. This includes progressing an optimisation study for a world-class mine capable of supplying critical minerals to the titanium pigment, titanium metal and lithium-ion battery industries. Sovereign chairman Ben Stoikovich says this investment reaffirms Kasiya’s position as one of the most significant...

Rio Tinto promises two new solar farms for energy transition Rio Tinto (ASX: RIO) has announced its plans for two new 5.25MW solar farms for the Gove Peninsula in the Northern Territory. Construction will begin in July 2024, with completion scheduled for early 2025. Aggreko will construct, own and operate the solar farms for Rio Tinto for up to 10 years. The solar farms will be built on Rio Tinto leases, following agreement with the Gumatj and Rirratjingu Traditional Owner Groups, and will help transition to a low-carbon future after mining operations cease...

Liontown secures $379m for Kathleen Valley ramp-up Liontown Resources (ASX: LTR) has secured funding from LG Energy Solution to boost current lithium mining and explore the feasibility of establishing a lithium refinery in WA. The agreement includes a five-year $379m (US$250m) convertible note, increasing total cash balance to about $501m to fund the Kathleen Valley, WA, ramp-up to 3mtpa steady state production. Funding will progress early enabling works in the underground mine to preserve the 4mtpa expansion option on a 2027 timeframe and to support 3mtpa production. The existing offtake agreement has also...

Civmec awarded $174m in contract extensions Civmec (ASX: CVL) has been awarded $174m in contract and scope extensions for fabrication, manufacturing, construction and maintenance work across Australia. Among these awards is the contract for the supply, manufacture and offsite assembly of a new shiploader for the Dalrymple Bay terminal in QLD to be undertaken at Civmec’s state-of-the-art facility in Henderson, WA. Civmec states the project will create significant opportunities for local employment and subcontracting, reinforcing Civmec’s commitment to contributing positively to the communities in which it...