Roxset

True North Copper and Glencore partner for Cloncurry product True North Copper (ASX:TNC) has signed binding offtake and toll-mining agreements with Glencore for its Cloncurry copper project (CCP) in Queensland. Under the agreements, Glencore will purchase 100% of copper concentrate from Cloncurry and process up to 1mtpa of Cloncurry ore at its Mount Isa smelter. True North will be entitled to claim 20% Queensland State royalty discount for all material processed through the smelter. The tolling agreement contains customary terms and conditions, including agreed tolling charge and agreed processes for assaying, weighing, sampling and moisture determination. True North managing director Marty Costello says the agreements...

Large scale gold mining restarts in Tennant Creek Large scale mining is set to restart in Tennant Creek with Tennant Mining beginning construction on its Nobles gold mine project in the Northern Territory. Civil work is underway at Nobles with construction and commissioning to be completed in the second quarter of 2025. Gold production is expected to begin in the third quarter of 2025. The project is forecast to produce an average of 65,000ozpa of gold and it’s expected to contribute $69.9m to the Northern Territory economy each year. Initially, work will focus on mining stockpiles and tailings at the Nobles open pit mine...

WA EPA green light for South32 expansion The WA Environmental Protection Authority (EPA) has recommended the proposed expansion of South32’s (ASX: S32) Boddington bauxite mine and Worsley refinery. But the recommendation is subject to strict conditions, including exclusion zones around rivers, streams and significant flora and fauna. This follows the WA Government’s recent decisions to allow Alcoa to continue bauxite mining and downstream alumina refining in the southwest of the State. Alcoa recently received an exemption allowing it to implement mining proposals while the WA EPA assesses...

LOCAL opposition to Barrick Gold’s massive Pascua-Lama gold and silver mine in Chile has prompted the Copiapo appeals court to suspend construction on the project while complaints are addressed. The project, on the Chile-Argentina border in the Andes Mountains, has attracted complaints of “environmental irregularities” from the country’s Diaguita indigenous communities and various environmental groups, who claim it is destroying glaciers and harming the local water supply. Barrick reported it would suspend activities while it worked to “address environmental and regulatory requirements to the satisfaction of Chilean authorities”. The company stated that construction activities in Argentina, where the majority of the project’s critical infrastructure is located – including the process plant and tailings storage facility – would not be affected....