Auslift

Fingerboards project receives new lease on life The Victoria Resources Regulator has renewed two retention licences held by Gippsland Critical Minerals at the Fingerboards mineral sands project. As part of this renewal, the regulator has placed strict conditions on Gippsland with the company to seek a Victorian Government determination on the future requirements of the Environmental Effects Statement, following the project’s failure to gain approval in 2021. Other milestones and performance requirements include thorough engagement with the community and Traditional Owners, climate modelling, environmental baseline monitoring and rehabilitation trials. Failing to deliver these milestones could lead to the cancellation of the licences. Resources Victoria executive director regulatory operations...

THE market capitalisation of WA companies increased 9 per cent during July and a further 4 per cent in August, according to the Deloitte WA Index. The results bucked previous negative growth, spurred on by Fortescue Metals Group’s 42.4 per cent increase in market capitalisation during the two month period. Other companies that achieved significant growth included Saracen Mineral Holdings at 71.9 per cent, Lonestar Resources at 47.1 per cent and Calibre Group at 45.1 per cent. Deloitte Perth lead audit partner Tim Richards said the growth was stimulated by recovering commodities prices on the back of positive Chinese economic data. “The Chinese economy is transitioning to an economy that is driven by domestic consumption, as local demand in China...

Newmont receives all necessary government approvals for Newcrest acquisition Newmont Corporation has received all necessary government approvals to proceed with the acquisition of Newcrest Mining (ASX:NCM). The Securities Commission of Papua New Guinea (SCPNG) has granted the necessary exemptions and other requested confirmations under PNG capital markets law. This follows the Philippine Competition Commission (PCC) indicating its approval. Newmont president and chief executive Tom Palmer says the company looks forward to building a strong relationship with Papua New Guinea. “We look forward to building strong and mutually beneficial partnerships with the government and people of Papua New Guinea to generate lasting shared value and meaningful economic development through the world-class Lihir gold mine...

Alcoa’s million-dollar boost for Waroona Waroona residents, local to the Alcoa Wagerup Alumina Refinery in southwest WA, can look forward to a more vibrant and revitalised town centre after Alcoa contributed a total of $1m to help create a central hub for the community. Planned features include a fenced toddler play area, junior playground, all-ages skate park and pump track, shaded picnic area with barbecues, grassed open space, events and pop- up area, Noongar six seasons garden, accessible toilets, pathways, shelters and seating, as well as RV facilities including rest areas and overnight parking. Earthworks...