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Wyloo-Metalshub MoU on nickel pricing Wyloo and Metalshub have entered into a Memorandum of Understanding (MoU) on the carbon footprint, ESG (environmental, social and governance) credentials, pricing and provenance in international nickel markets. The mining industry has been grappling with the downward pressure on nickel prices and mine closures from a flood of cheap nickel, mined in low-cost Indonesian operations, coming on to the global scene. Wyloo intends to use Metalshub for the sale of its low-carbon nickel and nickel concentrate products following a restart of its Kambalda...

Newly-listed Litchfield Minerals well underway with Silver King drilling prep   Critical minerals explorer Litchfield Minerals Limited (ASX:LMS) has announced that preparations for its maiden drilling program are well underway at the Silver King prospect within the Mount Doreen tenement, about 350km from Alice Springs in the Northern Territory. This significant step follows the company's successful listing on the ASX on March 15 and marks the commencement of its planned drilling and exploration program, targeting notable copper, silver, and lead occurrences. In a recent development, the maiden Induced Polarisation (IP) survey conducted in May 2023 has delineated a discrete, strong chargeable zone near the historic copper workings. This finding suggests a potential vertical, pipe-like structure that could extend to significant...

  FORTESCUE Metals Group has recorded record shipments in the midst of the COVID-19 crisis. Reflecting strong operating performance and resilient demand, the miner’s latest Quarterly Report showed record third quarter iron ore shipments of 42.3mt, 10pc higher than Q3 FY19, and year-to-date shipments at a record 130.9mt. C1 costs of US$13.27/wet metric tonne (wmt) were 2pc lower than Q3 FY19 costs of US$13.51/wmt, while robust demand for Fortescue products delivered average revenue of US$73/dry metric tonne (dmt). Based on the strong operating performance year-to-date, guidance for FY20 shipments has been upgraded to 175-177mt. Fortescue Chief Executive Officer Elizabeth Gaines said the strong operating performance in the March quarter underpinned an upgrade to its full year guidance for shipments. “Fortescue...

SACOME welcomes BHP’s move on Olympic Dam copper smelter The South Australian Chamber of Mines & Energy (SACOME) has welcomed BHP’s proposed staged expansion of its Olympic Dam smelter and refinery, which has the potential to double the State’s copper production by the mid-2030s to 650,000t. One of only two copper smelters in Australia, the other being Mount Isa in Queensland, this expansion will see the current Olympic Dam copper smelter upgraded to a two-stage smelter, with its refining capacity also expanded. Last week, a notification in the South Australian Government Gazette announced that the State...