Author: Chloe Coutinho

Impact Minerals progressing $1.3b high-purity alumina project Impact Minerals (ASX: IPT) has confirmed the WA Lake Hope high purity alumina (HPA) pre-feasibility study (PFS) is on schedule for completion by the end of 2024. In a recent update to its PFS, Impact Minerals identified significant progress on the mine, the process plant and product development, offtake and marketing. The project has an estimated post-tax net present value of about $1.3b with a benchmark production of 10,000tpa of HPA which would make it one of the lowest-cost producers globally by a significant margin. Location of the Lake...

Rio Tinto contributes $40m towards WA hospitals Rio Tinto (ASX: RIO) will contribute an additional $20m to the WA Government to redevelop the Paraburdoo hospital in the Pilbara region. Rio Tinto’s contribution to the Paraburdoo Hospital will come from the company’s $250m commitment to the WA Government’s Resources Community Investment Initiative (RCII). The major redevelopment of the Paraburdoo Hospital is the first project through the RCII to receive funding. The partnership will see the ageing Paraburdoo Hospital upgraded with contemporary purpose-built facilities to support medical services for the local community, including new rooms for the GP. The project will be packaged with Rio Tinto’s previous $20m commitment to a new Tom Price hospital. Rio Tinto rail, ports and core services...

JL Mag invests $7m in Hastings Chinese JL Mag Rare-Earth will own 9.8% of Hastings (ASX: HAS) as well as a seat on its board following a $7m investment in the company. The investment proceeds will be used to advance the Yangibana rare earths project in WA toward production and supplements the $16m previously raised in April 2024. Hastings has already completed the construction of the mine infrastructure for the Yangibana project. The company plans to complete the project debt funding and start construction of its beneficiation plant in Q4 2024. The plant...

XRF to achieve 100% ownership of Orbis WA based XRF Scientific (ASX: XRF) will acquire the remaining 50% of Orbis Mining in an acquisition valued at $3.91m. XRF states this is a low risk, bolt-on acquisition with highly complementary products as the majority of XRF’s existing customers require laboratory jaw crushers like those produced by Orbis. XRF acquired its initial 50% shareholding for $800,000 in 2021. Since then, Orbis has grown significantly and continues to gain market share. In FY21, Orbis produced unaudited...

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...