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Artemis’ Radio Hill processing plant is on track to be in production by mid-2018.  Image: Artemis Resources. BY CAMERON DRUMMOND PILBARA-focused Artemis Resources has received a $6 million loan to fund the upgrade and refurbishment of its Radio Hill copper-nickel-cobalt processing plant south of Karratha. The deal was penned with London-based Riverfort Global Capital, which funded a previous $3m loan to the company. The funding for the upgrade will also be used for a 500,000 tonne per annum (tpa) gold circuit allowing for treatment of ore from Artemis’ Carlow Castle and Silica projects. Artemis said that contract bulk sampling processing would be offered to other conglomerate gold companies in the region; with the plant expected to be fully operational by...

Caption: The Spence copper mine, Chile. BY CAMERON DRUMMOND BHP will spend $US2.46 billion to extend the life of its Spence open-cut copper mine in northern Chile by more than 50 years, creating up to 5000 jobs. Under the Spencer Growth Option (SGO) project, incremental production of copper concentrate would be about 185,000 tonnes per annum (tpa) and 4000tpa of molybdenum, with first production expected during the 2021 financial year. The project includes the design, engineering and construction of a conventional large-scale sulphide concentrator for both copper and molybdenum with a 95,000 tonne per day nominal ore throughput capacity. In addition, SGO will require a new 1000 litre per second desalination plant at Mejillones Bay, and a 154km water pipeline...

Alcoa multi-year agreement with Emirates Global Aluminium Alcoa (NYSE: AA) will soon be the largest third-party supplier of alumina to Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside of oil and gas, after signing a new eight-year agreement to provide as much as 15.6mt of smelter grade alumina from WA. EGA operates...

Wabtec Corporation (NYSE: WAB) has received an order from Rio Tinto for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100-percent, battery-powered locomotive will help Rio Tinto’s effort to achieve a 50-percent reduction in Scope 1 and 2 carbon emissions by 2030. “Our partnership with Wabtec is an investment in innovation and an acknowledgment of the need to increase the pace of our decarbonization efforts,” said Rio Tinto Iron Ore Managing Director of Port, Rail and Core Services, Richard Cohen. “By locking this in now, we are making progress in our efforts to reduce our Scope 1 and 2 carbon emissions by 50 percent by 2030.”...