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Fenix Resources boosts production with 500kt iron ore purchase agreement Fenix Resources (ASX:FEX) has signed a binding ore purchase agreement with iron ore producer 10M for the purchase of 500kt of high-grade hematite iron ore. Under the 24-month period, 10M will supply 500kt of +60% iron direct shipping ore (DSO) from the Woolbung Peak deposit within the Twin Peaks direct shipping iron ore project. Using its expanded port capacity and logistics capabilities, Fenix will be responsible for haulage, storage, port services, ship loading, marketing and sales. Fenix chairman John Welborn says the company is delighted to be partnering with 10M. “The 10m ore purchase agreement is...

WA invests $4m for carbon capture hub The WA State Government will invest more than $4m to establish a carbon capture, utilisation and storage (CCUS) industry in the state. CCUS involves capturing and storing carbon dioxide to reduce emissions from industrial-scale processes and projects, and it will play an important role in decarbonising hard-to-abate industries across the world. Commissioned and co-funded by the WA LNG Jobs Taskforce and undertaken by CSIRO and the Global CCS Institute, the study found WA is capable of storing its own carbon and turning existing infrastructure into CCUS hubs. To help progress CCUS in WA, the State Government will invest $4.3m towards a CCUS action...

FMG forms Fortescue Capital Fortescue Metals (ASX:FMG) has formed Fortescue Capital — headquartered in New York — and named Robert Tichio as chief executive and managing partner. An integral part of Fortescue’s commitment to deliver green energy projects and decarbonisation investments, Fortescue Capital is a new green energy investment accelerator platform tasked with delivering greater returns for shareholders. Fortescue Energy chief executive Mark Hutchinson commented on Fortescue Capital. “Fortescue is taking is global pipeline of green hydrogen and green ammonia projects to final investment decision, and in doing so has communicated our intention and desire to bring additional...

Stage two metallurgical testwork begins at Canegrass Viking Mines (ASX:VKA) has engaged ALS Metallurgy to undertake stage two metallurgical testwork from 29 samples taken from the Canegrass battery minerals project in WA. Samples come from a recent 7500m drilling program which was undertaken to infill and extend the main mineralised zones as well as assess new target areas. This drilling program was successful in that it expanded the mineralised zones and confirmed the continuity of mineralisation. This stage two testwork is aimed at assessing the metallurgical properties on areas assessed by this recent drilling as well as producing a vanadium pentoxide flake. Viking managing director and chief executive Julian Woodcock says he...

Fortescue launches positive power plan at APEC Fortescue Metals (ASX:FMG) has launched the positive power plan at the 2023 Asia-Pacific Economic Cooperation (APEC) Summit in San Fransisco. The plan was developed by Fortescue is response to global research and a lecture tour that escalating atmosphere heat is accelerating global humidity levels to a level that can be lethal. In response to this, Fortescue formed the Lethal Humidity Global Council of scientists from Oxford, Cambridge, NASA, MIT, Harvard, CSIRO, Sydney University, Melbourne University, IIT Delhi, Peking University and Tsinghua University. These scientists warned that lethal humidity — which is currently responsible for thousands of deaths worldwide — could be responsible...

WA to deliver $134m in funding to reduce emissions The WA State Government will deliver $134m in funding to slash the State’s greenhouse gas emissions and drive new job opportunities in clean energy industries. This funding comes ahead of the WA Government’s energy transition summit which will outline the course for WA’s journey to becoming a global renewable energy powerhouse. Of the $134m, $60 will go towards investing in new energy projects across WA through the Government’s flagship Investment Attraction Fund (IAF). The IAF opens today and offers funding for projects in battery and critical minerals processing, renewable hydrogen, advanced manufacturing in wind and solar componentry, carbon capture and storage...

Hannans and Metalfer join forces for proposed lithium battery recycling partnership Hannans (ASX:HNR) and Serbian steelmaking company Metalfer Group have executed a binding collaboration agreement for a proposed lithium battery recycling partnership. In 2022, the companies began due diligence to support the decision of entering this agreement. Under the agreement, Hannans and Metalfer will work together to complete a feasibility study for a 10tpd spoke battery shredding plant. The feasibility study covers project economics, preliminary equipment design, layout, schedule, permitting and cost estimates. Hannnas and Metalfer will also work together to prepare a feedstock business plan based on an annual lithium-ion battery volume of no less than 4000t comprising of nickel-manganese-cobalt, lithium-manganese-cobalt, lithium-cobalt-oxide and...

South32 and AusQuest extend strategic alliance agreement South32 (ASX:S32) and AusQuest (ASX:AQD) have extended the existing strategic alliance agreement (SAA) for a further two years to December 2025. Originally established in February 2017, the SAA established an innovative framework under which AusQuest could use its extensive expertise to target new deposits and mineral provinces. Over the past seven years, the companies have developed a strong working relationship and will continue working together to develop a pipeline of high-potential exploration opportunities in the country. The SAA will remain focused on developing high-potential exploration opportunities in Australia targeting copper, lead, zinc and nickel. Other minerals such as lithium and rare earths may be considered....

Graphite samples sent to China for metallurgical evaluation Graphite samples from Oar Resources’ (ASX:OAR) namesake graphite project have been sent to a research facility in China for metallurgical evaluation. Eight samples from two historic holes have been sent to the Beijing General Research Institute of Mining and Metallurgy (BGRIMM) with the goal of producing a saleable graphite product. Furthermore, relevant South Australian...

Sandvik develops new test mine To support the shift towards electrification and the advancement of autonomous and optimisation technologies in surface drilling, Sandvik has acquired a new testing facility in Finland to develop and prove future surface drilling technologies. The test mine lies 40km northwest of Tampere and Sandvik’s underground test mine. The site is Sandvik’s first dedicated exclusively to surface drilling on a large scale. Sandvik surface drilling president Petri Virrankoski commented on the facility. “The development of comprehensive solutions that not only harness the latest technologies but also deliver productivity and reliability in our customers’ real-life application and conditions requires a real-life test environment,” he said. “The surface test mine...

EPA recommends Mt Weld expansion The Environmental Protection Agency (EPA) has recommended environmental approval for the extension of the Mt Weld project. The proposed expansion would increase the existing development to 2802ha, extending the life of the 16-year-old operation by up to 30 years. EPA chair Professor Matthew Tonts says an assessment of the proposal would produce a much better outcome for the environment. “Adopting this approach meant the EPA was able to undertake the assessment with full knowledge of the existing and proposed Mt Weld operations,” he said. “This is one of the first projects to provide the EPA with life-of-mine insight that allows confident assessment of the combined...