Latest News

Idemitsu increases holding in Delta Lithium to 15% following $46.4m investment Japanese petroleum company Idemitsu has increased its holding in Delta Lithium (ASX:DLI) to 15% following a $46.4m investment. Increasing its shareholding from 2.76% to 15% from an initial $5m investment, Idemitsu is continuing its strategy of diversifying its portfolio and investing in high-growth markets (mining news).   Idemitsu chief executive Steve Kovac said the second investment is an exciting move for the company. “Idemitsu’s second major investment in Delta Lithium is another exciting move as we double down on our strategic investments in critical minerals as the world turns to a more advanced renewable...

WA Kaolin Sells Kwinana Property For $7m WA Kaolin (ASX:WAK) has strengthened its cash position by $5m after signing a term sheet for the sale of its Kwinana property for $7m. The sale was made to Coogee Chemicals and consisted of everything on the property, excluding the plant and equipment which remain WA Kaolin's custody. As part of the sale, WA Kaolin secured excellent leaseback terms with Coogee Chemicals, allowing the company to use the Kwinana property for the next three years. This provides WA Kaolin with stability and continuity for its continuing operations at the site which will continue to focus on the research and development of new product offerings....

IperionX Agrees To Supply Titanium Components To Ford IperionX (ASX:IPX) has agreed to supply titanium metal components to automobile manufacturer, Ford Motor Company.   Under the scope of work (SoW), IperionX will supply its 100% recycled low-carbon titanium metal for future Ford Performance production vehicles. Ford Performance is the racing and high-performance division of Ford and is well-known for its performance cars such as the F150 Raptor, Shelby GT500, Mustang Mach 1 and Bronco Raptor. Ford is aiming to become the only manufacturer competing in Formula 1, Le Mans 24 Hours with Mustang GT3, WRC and the M-Sport Ford Puma Hybrid Rally 1, Baja 1000 with Ranger Raptor and Bronco, and...

Australia’s largest rail freight company Aurizon (ASX:AZJ) is on track to build the first zero-emissions capable freight locomotive constructed in Australia. Progress Rail, a Caterpillar company, has been contracted to undertake this innovative project that will transform a 4000-class diesel locomotive into a full battery operation. The locomotive will be powered by batteries which will capture re-generative energy when the trains travel downhill or brake. The locomotive will have 4.5MWh of battery capacity ­– equivalent to 90 Tesla Model 3’s – and it burns 16L/h in idle and up to 590L/h at full throttle. For hauls of up to 400km, the locomotives will be fitted with...

The world’s biggest steelmaker, China Baowu, and the world’s largest iron ore producer, Rio Tinto (ASX:RIO), have signed a Memorandum of Understanding (MoU) to explore multiple new industry-leading projects. The projects include the research, build and demonstration of a pilot-scale electric melter at one of Baowu’s steel mills in China. This will enable the production of low-carbon steel making using direct reduced iron produced from low and medium grade ores. Other projects include optimising pelletisation technology for Australian ores as a feedstock for low-carbon shaft furnace-based direct reduction and expanding the development of China Baowu’s HyCROF technology which largely mitigates CO2 emissions from the blast furnace process. Both companies...

Bravus Mining Toasts Townsville and its Future as Energy Hub BRAVUS mining and resources chief operating officer Mick Crowe has made a toast to the regional Queensland city of Townsville amongst a slew of some of the country’s most important mining companies at the 2023 mining and resources forum in Townsville in early June. Townsville Enterprise presented its 2023 Mining and Resources Forum on June 6, bringing together speakers from across the mining industry to discuss and celebrate the state’s unofficial northern capital and its contribution to mining and renewables. The event, which was sponsored by local news outlet The Townsville Bulletin alongside The Ville Resort-Casino, Bravus Mining and Resources, Glencore, Goldtower, Helix Legal, MMG, Orica, The Port of Townsville,...

Driving Success - Bunhu Mining's journey to excellence in Western Australia's mining industry When Terry Danda arrived in Western Australia from Zimbabwe in 2015 he carried with him a determination to continue his family's legacy in the transport industry. Eight years later, this journey has led him to create a successful company that sets the standard for quality services, innovation, and social responsibility. At the heart of Bunhu Mining's operations is its specialisation in iron ore digging, crushing and haulage, a critical service in the mining industry. Through years of hard work and a commitment to excellence, Bunhu Mining has established itself as a trusted and respected player in the field. The company's dedication to delivering high-quality services has set...

Press release from Epiroc AB June 2, 2023 Epiroc completes purchase of key assets in Australian mining equipment manufacturer Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the purchase of the key assets of Schramm Australia, a leading manufacturer of products for reverse circulation (RC) drilling. Since February 2023, Schramm Australia, based in Perth, has been in voluntary administration, and Epiroc will now continue the business to the benefit of the customers. The assets include intellectual property as well as two production facilities near Perth and two service centers located in Queensland and South Australia. Schramm Australia’s employees will be offered employment at Epiroc. Epiroc announced on May 17, 2023, that...

KSB Announces New, Larger Addition to GIW® MDX Line: The MDX-850 KSB has announced a significant expansion of the GIW MDX product line, with the MDX-850. KSB’s line of GIW® slurry pumps is designed to ensure optimal wear performance in harsh conditions. The GIW® Mill Duty Extra Heavy (MDX) product line is specially engineered to handle the extreme conditions found in hard rock mining applications. Mining operators are seeing an increased demand for minerals and ores. Operators must now consider the costs of pump maintenance and replacement as well as the cost benefit of utilizing fewer larger pumps versus several smaller pumps to perform the same work. The larger MDX-850 is the solution for operators who need to reach higher production...

BHP-Microsoft AI collab on copper recovery BHP (ASX: BHP) and Microsoft are collaborating on the use of artificial intelligence (AI) to improve copper recovery and optimise concentrator performance at the Escondida operation in Chile, the world’s largest copper mine. Using real-time plant data in combination with AI-based recommendations from Microsoft’s Azure platform, Escondida concentrator operators will have the ability to adjust operational variables that affect ore processing and grade recovery. BHP chief technical officer Laura Tyler says the augmentation of new digital technology capabilities with new ways of working is positioning the Escondida team to generate more value from an existing resource. “We expect the...

Leo Lithium partners with Ganfeng Lithium in $106m deal Leo Lithium Limited (ASX: LLL) has announced a significant milestone in its growth strategy with a strategic placement and a transformational cooperation agreement with Ganfeng Lithium, China's largest lithium producer. The agreement encompasses various strategic benefits and marks a substantial investment in Leo Lithium's future. Leo Lithium managing director Simon Hay expressed excitement about the partnership with Ganfeng, a recognised global leader in the lithium industry. “The Strategic Placement and terms of the proposed Cooperation Agreement with Ganfeng represent a transformational opportunity for Leo Lithium and provide further validation of the tier1 quality of Goulamina, including the significant potential upside of our development pathway,” he said. Under the terms of the...