Latest News

Sandvik’s $42m order from Evolution Mining Gold miner Evolution Mining (ASX: EVN) has placed a major underground equipment order from Sandvik, worth about $42m (SEK 300m). The order was booked in the second quarter this year, with deliveries scheduled to begin this third quarter and continue over the next 12 months. The order includes Sandvik’s advanced underground loaders, trucks and development drills to be implemented in different mine sites around Australia. Sandvik Mining and Rock Solutions president...

AGR sodium cyanide plant expansion receives additional funding Australian Gold Reagents (AGR) has received the next stage of funding to expand the capacity of its sodium cyanide plant. Three years in the making, the expansion will increase AGR’s production capacity by around 28ktpa from its existing production to more than 90ktpa. This expansion will position AGR as the world’s third-largest sodium cyanide produce for gold mining operations across Australia, the Americas, Asia, Africa and the Middle East. First sodium cyanide production from the expanded plant is expected in late 2025 with additional capacity progressively coming online through to 2027. AGR general manager Barney Jones says funding...

$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...

Kairos Minerals appoints GRES for Mt York scoping study Kairos Minerals (ASX: KAI) has awarded GR Engineering Services a contract to complete a scoping study on its Mt York gold project in WA’s Pilbara. The study will assess an ore process of 4mtpa with modelling variations at 3mtpa and 5mtpa. Mt York has total gold resources of 49.24mt @ 1.02g/t gold for 1.61moz, with attention to grow the resources above 2moz. An internal valuation by Kairos, under the guidance of GR Engineering Services (GRES), indicated that the best commercial outcomes for the project were delivered using process rates higher than 1mtpa. Testwork of fresh...

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...

MinRes becomes first WA resources company to deploy in-house mental health services Mineral Resources (ASX: MIN) has become the first resources company in WA to deploy a team of in-house mental health counsellors to its mines across the State. This investment ensures that all MinRes employees — including its 7500 fly in, fly out (FIFO) staff — have the opportunity to talk about mental health and...

BHP goes green at Escondida Norte BHP (ASX: BHP) is going green at its Escondida Norte project in Chile with the implementation of a mining truck electrification system. An environmental impact statement has been submitted to the Environmental Impact Assessment System to advance the “implementation of the mining truck electrification system in Escondida Norte project”. This seeks to assist the movement of this equipment inside the mine by means of a trolley system. Work includes the construction of a new electrical substation and transmission lines both inside and around the Escondida Norte pit. The substation and transmission lines will electrically assist the movement of the trucks inside the mine in...

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...

Newmont maintains 8.6% shareholding in Antipa Newcrest Operations, a subsidiary of Newmont Corporation, has maintained its 8.6% shareholding in Antipa Minerals (ASX: AZY). Newmont has exercised its right to maintain its shareholding in Antipa via a top-up placement delivering $540k in additional new equity funds, increasing the total funding to $7.25m. This participation will see Antipa deliver an additional 54.15m fully paid shares at $0.01. The top-up placement is subject to shareholder approval at a general meeting expected to be held on August 13. Antipa managing director Roger Mason commented on Newmont’s participation. “Their...

Groundbreaking all-electric fleet study boosts miners’ decarbonisation efforts Battery-powered vehicles can offer a cost-effective and environmentally friendly alternative to underground diesel fleets The decarbonisation of underground mining has received a huge boost from a landmark study, which found that battery-powered vehicles (BEVs) could be a cost-effective and greener alternative to diesel-powered fleets. The Cosmos Underground Electrification Study, which was conducted by mining services company Perenti in collaboration with technology leader ABB and mining and exploration company IGO Limited for IGO’s Cosmos Project, found that replacing diesel vehicles with BEVs could result in significant safety and environmental benefits for miners and mining personnel. The study was one of the first in Australia to comprehensively detail the requirements for underground mine electrification...

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...