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Copper’s fiery origins to fuel new discoveries The push to find new copper resources, as the world transitions to electrification and renewable energy sources, has been given a boost thanks to an international study that has cracked the code on the metal’s origins. Copper is on Australia’s Strategic Minerals List and the study, which includes researchers from University of Western Australia (UWA), could reshape how the metal is mined and unveil new pathways to future copper deposits. Published in Nature Geoscience, the study proposes a new model for the formation of large copper deposits. Led...

BHP backs WA community development BHP (ASX: BHP) has released its 2024 Community Development Report, showcasing ways the company is generating social value for its people, partners, communities, local economies and the environment. In FY24 BHP’s total community development expenditure in WA was over $894m, the highest on record for the company. BHP says it has been focused on creating new opportunities for its supply chain over recent years, including Traditional Owner and Indigenous businesses. “Our WA Iron Ore (WAIO) asset spent nearly $465m with 113 Indigenous vendors in FY24, surpassing our WAIO Indigenous and Traditional Owner direct spend target,”...

OD6 acquires one of Australia’s highest-grade, historical copper mines OD6 Metals (ASX: OD6) has announced the proposed acquisition of the Historic Gulf Creek copper project — a high grade volcanogenic massive sulphide (VMS) deposit in New South Wales. Historic underground mining, over 100 years ago, for the high-grade copper-zinc VMS style deposit averaged 2-6.5% copper with +100m vertical and +300m strike open in multiple directions. There is significant greenfield and brownfield exploration potential with over 3km of untested strike in the immediate mine-stratigraphy, and over 10km across the tenement, according to OD6. OD6 managing director Brett...

Fenix Resources flying high after positive September quarter results Fenix Resources (ASX: FEX) has announced positive results for the September quarter at the recent International Mining and Resources Conference in Sydney. The Iron Ridge iron ore mine, located in WA’s Mid-West region, saw six shipments totalling 345,950wmt of iron ore products shipped. This pushed Fenix Resources past the milestone of 5mt shipped from Iron Ridge since first shipment began in February 2021. The mine, which is 100% owned by the company, hopes this is the launchpad for plans to expand to 4mtpa as soon as 2025. Production currently sits at 1.4mtpa at Iron Ridge. Meanwhile, production and haulage...

Queensland Resources Council welcomes State’s new Mines Minister The Queensland Resources Council (QRC) has welcomed the State’s new Natural Resources, Mines, Regional and Rural Development Minister and Burdekin member Dale Last. QRC chief executive Janette Hewson congratulated Mr Last on his appointment to the Queensland Cabinet. “The QRC looks forward to working constructively with Minister Last, whose own electorate includes one of Queensland’s major resources regions,” she said. “In the 2022-23 financial year our coal, gas, metals and critical minerals generated close to $117b for...

Haul road milestone drives Onslow Iron progress Mineral Resources (MinRes) (ASX: MIN) has marked another significant milestone at Onslow Iron project in WA, with completion achieved on the project’s dedicated private haul road. Designed and developed in-house by MinRes’ engineering and construction team, the 150km sealed haul road underpins the innovative pit-to-ship supply chain setting Onslow Iron apart from other iron ore operations. In May 2024, the project delivered first ore on ship ahead of schedule and is now ramping-up production to 35mtpa. Having reached completion of the 150km sealed and...

Mining industry is nation’s biggest taxpayer The latest Australian Tax Office (ATO) Tax Transparency Report shows that the nation’s mining industry is the biggest taxpayer for the second consecutive year. With a total of $43.1b in company tax paid, along with $31.5b in royalties, the mining sector paid a combined $74.6b in FY23. Minerals Council of Australia chief executive Tania Constable comments on this. “Mining companies make up more than half of Australia’s top 20 largest taxpayers, with Rio Tinto, BHP, and Glencore taking the top three spots,” she said. “In 2022-23, the...

Westgold Polar Star lode gets its wings Westgold (ASX: WGX) continues to extend its Bluebird-South Junction mining complex in WA, through its ongoing resource development drilling which has returned a record drill intercept for the Polar Star lode. The record drill intercept of 3.71m at 18.02g/t of gold is a standout among other significant intersections returned from both South Junction and Polar Star. Resource development drilling will continue, with two surface drill rigs and two underground drill rigs in operation. Westgold managing director and chief executive Wayne Bramwell says the...

Mineral Resources accelerates leadership succession plan Mineral Resources (ASX: MIN) will accelerate its leadership succession plan with managing director Chris Ellison making the decision to step down as company boss. The board at MisRes has handed Mr Ellison a board-imposed financial penalty of $8.8m, and loss of remuneration of up to $9.6m, reflecting the significance of corporate governance and reputational issues to the miner. MinRes’ chair James McClements will also step down before next year’s annual general meeting. The share market has reacted to the announcement with MisRes’ shares copping a 9% hit on Monday morning. Speaking on the leadership transition and broader change to the company, Mr McClements says it is in the best interests of the shareholders and...

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