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NSW: gold shines bright with record prices Gold production in NSW surpassed $4.2b in FY25, more than half the total value of the state’s mineral output, bolstered by record-high global gold prices. Gold mining has been part of NSW’s economic fabric for more than 175 years and will continue to be for decades to come, providing regional employment, delivering billions in royalties and providing the resources that continue to drive local economies and global industries. Together with these record highs for the gold...

BHP’s Copper SA gets largest renewable electricity deal BHP has entered into its third and biggest renewable electricity supply arrangement for Copper SA. Under this baseload electricity arrangement, 100MW of renewable electricity will be supplied to power BHP’s Copper SA province, including the Olympic Dam mine, smelter and refinery as well as the Carrapateena and Prominent Hill operations. It will be supported by output from the first 300MW of Neoen’s Goyder North Wind Farm, reinforced by their new Goyder Battery with a minimum capacity of 200MW/9800MWh, and Neoen’s in-house energy management...

Fortescue signs international decarbonisation-driven deals Fortescue (ASX: FMG) has signed agreements with four major green energy innovators to accelerate decarbonisation in the Pilbara and beyond. Announced in New York during the United Nations General Assembly, the agreements are with global leader in electric vehicles and in battery manufacturing and development, BYD; solar technology and manufacturing giant, LONGi; construction and mining equipment manufacturer, XCMG; and wind and energy storage leader, Envision Energy. Fortescue has also finalised the acquisition of Spanish...

Kathleen Valley’s first year results in $193m loss for Liontown  Liontown Resources (ASX: LTR) posted a $193m loss for FY25 in the company’s first year of operations at the Kathleen Valley lithium mine in WA.  The statutory net loss after profit includes an $81m non-cash write-down of ore sorting potential (OSP) stockpiles, foreshadowed in the June quarter results.  Liontown managing director and chief executive Tony Ottaviano comments on the loss.  “While we reported a statutory loss, this was expected in a commissioning year and reflects depreciation and the treatment of stockpiles...

Core frees Finniss production  All future Finniss spodumene production is now unencumbered, following the termination of Core Lithium’s (ASX: CXO) offtake agreement with Ganfeng Lithium.  The offtake agreement was in relation to spodumene concentrate from the Finniss lithium project, located 88km by road southwest of Darwin Port in the Northern Territory.  The earlier termination of the Yahua offtake agreement together with this settlement, effected through a one-off $3m (US$2m) payment to Ganfeng, all spodumene offtake obligations are removed, leaving 100% of future Finniss production unencumbered.   This provides Core with complete marketing flexibility, with all future spodumene concentrate production now available for project partners or spot sales.   Core...

Alcoa takes next step in conveyor belt recycling  The first reel of used conveyor belts from Alcoa’s mining operations have arrived at Tyrecycle’s East Rockingham facility in WA.  The steel wire used in the belts will be reclaimed and the rubber will be turned into crumb, suitable for a range of uses including as an additive for use in road construction.  This follows the 2024 launch of an ongoing off-the-road (OTR) tyre recycling contract between Alcoa and Tyrecycle, and is part of Alcoa’s initiative to reduce,...

AREEA calls for regulatory red-tape cutting A new forecast has warned of future growth risks in Australia’s mining and energy workforce, underpinned by weakening project pipelines and global competition for investment. Resources and Energy Workforce Forecast: 2025–2030, released today by the Australian Resources and Energy Employer Association (AREEA), shows 96 major projects are expected to commence production between late 2025 and 2030 — valued at $129.5b. These projects are forecast to create demand for 22,279 new operating phase jobs, lifting the national resources and energy workforce by just 7.1% by 2030 — the...

Wyloo and Hastings finalise rare earths JV Wyloo Gascoyne and Hasting Technology Metals will begin work on the Yangibana rare earths and niobium project in WA under their unincorporated joint venture (UJV). Andrew Forrest's private mining vehicle, Wyloo, now holds a 60% participating interest and has been appointed manager and operator of the UJV with Hastings retaining a 40% participating interest. The UJV covers all assets associated with the project, including Stage 1 being the Yangibana mine and beneficiation plant and Stage 2 being the hydrometallurgical plant. The formation of the UJV formalises the partnership between Hastings and...

MinRes acquires struggling miner linked to Chris Ellison’s brother Mineral Resources (ASX: MIN) has executed a binding asset and share sale agreement with the administrators of Resource Development Group (RDG). Under the agreement, MinRes will acquire RDG assets, including the Lucky Bay garnet mine, following creditor approval of MinRes’ proposed deed of company arrangement (DOCA) on September 1. MinRes has reassured investors that managing director Chris Ellison was not involved in deliberations to acquire the group formerly headed by his brother, Andrew Ellison. MinRes chair Malcolm Bundey comments on the decision. “The board and I sought to ensure that MinRes shareholders could realise some value from their...

Fleet Space’s off-world exploration target Fleet Space Technologies has signed a Memorandum of Understanding (MoU) with ExLabs to deploy its off-world exploration technologies to survey the asteroid Apophis. The technologies will be used as part of ExLabs’ ApophisExL mission, planned for launch in 2028, representing a step toward advancing the science of off-world exploration and planetary defence while building essential capabilities for the development of a sustainable space resources economy. Apophis, a near-Earth asteroid with an...

Sandvik fleet to drive efficiency in Zimbabwe Sandvik has been contracted by Zimplats, Zimbabwe’s largest platinum group metals producer, to supply 28 pieces of underground equipment for its Ngezi mines. The order, to be booked in the Q3 CY25, includes 12 Toro LH209L loaders, six Sandvik DD211L development jumbos, five Sandvik DS211L-V bolters, three Toro TH545i trucks and two Sandvik TH430L trucks with deliveries scheduled between the Q3 CY25 and Q2 CY26. The agreement also covers parts and services kits to support long-term equipment performance. Located in the Hartley Geological Complex on...