Category: Features

By Emma Brown September 11, 2015 The Shire of Cobar is often referred to as the ‘Copper City’, thanks to its extensive history of copper mining that stretches back to 1869. However with highly-prospective poly-metallic operations currently underway, the area is proving a life outside of copper is possible. TODAY Cobar, which lies in the centre of NSW at the crossroads of the Barrier Highway and the Kidman Way, is a major NSW metalliferous centre, ranking second only to Broken Hill in renowned and continuing importance. Cobar continues to be a major exploration zone targeting copper, gold, silver and zinc. Cobar mayor...

By Courtney Pearson September 11, 2015 The story of Newmont Mining’s Tanami mine is one of rags to riches; clawing its way back from the brink of shutdown to become a core asset. IN 2012 the Tanami underground gold mine in regional Northern Territory, acquired by Newmont in 2002, was producing just 178,000 ounces per annum. Three years later, the mine has doubled production and continues to steadily lower its costs. Newmont expected that, by the end of this year, the mine would produce more than 407,000oz of gold – a continued improvement on the 2014 result of 354,000oz and the 2013 result of 343,000oz. Newmont Tanami operations general manager...

By Jane Goldsmith August 13, 2015 ACROSS the first half of 2015, iron ore producers globally worked to increase production output and cost efficiency as prices for the steel-making commodity crashed to near-decade lows. In late July BHP Billiton Iron Ore, the second largest iron ore producer in the Pilbara, announced it had increased production by 13 per cent to a record 254 million tonnes of iron ore for the year ending 30 June 2015. Despite its massive output achievements, the company was forced to defend itself against critics, which included several junior and mid-tier iron ore miners as...

By Jane Goldsmith August 13, 2015 ANGLO American’s global portfolio, spanning iron ore, manganese, metallurgical and thermal coal, copper, nickel, platinum and diamonds, has undergone notable reductions since the start of 2015. In July, the company announced workforce cutbacks of up to 53,000 people globally, after flagging the sale of underperforming assets. In its financial report for the six months ended 30 June 2015, Anglo American reported group underlying earnings before interest and tax (EBIT) of US$1.9 billion; a 36 per cent decrease year-on-year. The company blamed acutely weaker commodity prices for the results, despite globally weaker producer-country currencies and cost reductions partially offsetting the...

By Courtney Pearson August 13, 2015 THE story has been all positive for Northern Star Resources which became one of Australia’s top three gold producers in 2014 and has enjoyed climbing production and sales results ever since. Northern Star Resources ended the 2015 financial year with $178 million in cash, bullion and investments; nearly double the previous year’s $96 million result. The company also retired the last of its bank debt. Record gold sales in the June quarter led to a final financial year result of 580,784oz, which was within its full year guidance of between 550,000oz and 600,000oz. “These results mark...

By Reuben Adams 16 July, 2015 LOCATED 560km north of Adelaide, Olympic Dam is Australia’s largest underground mine, and contains some of the world’s largest deposits of copper and uranium. In 2008, the company completed a prefeasibility study into expanding Olympic Dam into an open cut operation; a $30 billion proposed project, which would have created the world’s largest open cut mine. By 2011 the necessary State and Federal Government approvals were in place; however, BHP announced in August 2012 it would defer the expansion until it could find a less capital-intensive alternative to the open cut plan. In 2014, plans to...

By Courtney Pearson 16 July, 2015 HELD in Australia’s unofficial gold capital and renowned mining hub Kalgoorlie, Diggers & Dealers has grown from a humble 70 delegates to more than 1800 every year. The well-known mining forum began 23 years ago with a focus on gold, but has since expanded to include all kinds of mining. “It started as a show where the dealers were meeting some of the operators and one-day presentations, and it’s escalated slowly and become bigger and bigger,” Diggers & Dealers event chairman Nick Giorgetta said. “It’s been a great success and it’s still regarded as one of the...

By Jane Goldsmith 16 July, 2015 IN March 2014, Kalgoorlie Consolidated Gold Mines (KCGM) poured its 16 millionth ounce of gold from Fimiston open pit –widely known as the Super Pit. This milestone was achieved in time for the company’s anniversary celebrations to commemorate 25 years of activity at the historic site. Since incorporating, KCGM has produced about 800,000oz per annum of gold from an 8.8 million ounces gold reserve, yielding 2g of gold per tonne on average. The Newmont-Barrick joint venture produces about 8 per cent of Australia’s total gold output, and for much of Australia’s contemporary mining history, was the country’s biggest gold producer. KCGM...

23 June, 2015 SINCE listing on the ASX three years ago, Cassini Resources has been on a mission to fast track its Nebo-Babel development in the relatively under-explored West Musgrave area of WA. Managing director Richard Bevan spoke to Rachel Dally-Watkins about the company’s flagship project and its success to date. Q. What is your educational background and how did you get started in the mining industry? A. My background is not that conventional. I actually started in the healthcare profession, so my original educational background is a Bachelor of Science in Physiotherapy. I was part of a healthcare business that was listed on the stock exchange, and since that time I’ve done some management studies and also a range...

By Rachel Dally-Watkins 22 June, 2015 WITH the commencement of mining operations in late 2014, Australian Bauxite has ushered in the first new Australian bauxite mine for more than 35 years. The Bald Hill mine is also Tasmania’s first ever bauxite mine, and the first in a pipeline of projects to ship gibbsite trihydrate bauxite with low silica contamination that can be processed into alumina at low temperature to customers in China and India. Australian Bauxite chose its projects based on three contributing factors, according to managing director Ian Levy. The result is tenements that all contain good quality bauxite,...

By Reuben Adams Friday, 19 June 2015 NINE WA resources industry workers took their own lives during a 12 month period between 2013 and 2014 – the catalyst for a parliamentary inquiry into fly in, fly out mental health launched by the state’s Education and Health Standing Committee in August last year. The Queensland government has also started a similar investigation. The WA inquiry, due to report on 18 June, will scrutinise the contributing factors that may lead to mental illness and suicide amongst FIFO workers. It covers the current legislation, regulations, policies and practices for workplace mental health in WA; current initiatives by government, industry and community; and recommended improvements. In Queensland, the parliamentary Infrastructure, Planning and Natural Resources Committee...