Power Control Products: Delivering Safe-T-Products’ conveyor safety innovations to the mining industry

Newcrest spends big on Lundin

Mergers & AcquisitionsNewsUncategorized

Newcrest spends big on Lundin

Fruta del Norte mine is currently under construction with first gold expected in late 2019. Image: Lundin Gold. BY ELIZABETH FABRI NEWCREST will invest $US250 million to acquire a 27.1 per cent interest in Canadian miner Lundin Gold, which is developing the Fruta del Norte gold project in South East Ecuador. The 340,000 ounce per annum Fruta del Norte project, currently under construction, is aiming for first production by the end of 2019. Under the deal, Newcrest has the right to appoint two directors to the Lundin Gold board, and one of its nominated directors to a project advisory committee that will oversee Fruta del Norte development. The companies have also signed a binding Heads of Agreement to form a…

Mining and resources sector on notice, 27,000 jobs on the line over 5 years

NewsUncategorized

Mining and resources sector on notice, 27,000 jobs on the line over 5 years

The Australian Resources & Energy Employer Association (AREEA) has identified 107 new projects, worth about $131b and creating almost 27,000 jobs over the next five years. WA alone accounts for 48 new projects, or 44% of the investment pipeline, requiring at least 11,000 new workers by the end of 2029. AREEA’s new report, Resources and Energy Workforce Forecast: 2024-2029, breaks down the estimated labour required to operate new, expansion and restarted mining and oil and gas projects, based on modelling of the Federal Department of Industry project data. AREEA chief executive Steve Knott AM comments on this. “Iron ore, coal and gas saw Australia’s export earnings reach a record $466b in the year to June 2023,” he said. “The industry…

NSW Backs Critical Minerals Search With Significant Funding

Exploration NewsUncategorized

NSW Backs Critical Minerals Search With Significant Funding

Applications are now open for the first round of a new fund set to turbocharge the critical minerals and high-tech metals sector and position regional NSW as a major global supplier. Deputy Premier and Minister for Regional NSW Paul Toole said the Critical Minerals and High-Tech Metals Activation Fund would help diversify and accelerate mining projects in regional NSW. Mr Toole said the State is rich in critical minerals and high-tech metals, such as rare earths, cobalt, copper, antimony, and scandium, which are crucial to a range of emerging technologies including the defence space, the manufacture of electric vehicles, solar panels, and wind turbines. “The NSW Government is investing more than $130 million towards the growth and future of the…

Chinese agreement on scope 3 emissions

DevelopmentsInternationalNewsTechnology & InnovationUncategorized

Chinese agreement on scope 3 emissions

RIO Tinto (ASX: RIO) has entered into a historic MoU with Chinese steel giant China Baowu Steel Group and Tsinghua University to implement methods that reduce carbon emissions across the steel value chain. Signed at the China International Steel and Raw Materials Conference in Qingdao, the MoU will enable the formation of a working group tasked with identifying a pathway to reduce the carbon emitted across the entire value chain – amounting to between 7-9pc of world emissions. This comes as a major breakthrough to address carbon emission downstream, or scope 3 emissions, as mounting concerns pressure companies such as BHP to address the global climate impact of their products across the whole supply chain. Rio Tinto chief executive Jean-Sébastien Jacques…

Increased demand from the mining sector launches WA office

Increased demand from the mining sector launches WA office

THE world’s third largest corporate travel management company, BCD Travel, will soon be opening an office in Perth to address the increasing travel demand from the natural resources sector. Currently servicing the mining, infrastructure and construction industries, BCD Travel expects its number of clients in this sector to double this year. “BCD Travel is already well-versed in the resources industry nationally; we are excited to be in a position to grow our Australian presence to support our expanding client base,” BCD Travel general manager Louise Wheeler said. “Our clients in the resource sector are predicting exponential growth with several high profile projects set to boom in 2012.” As an organisation with strong links to emerging markets within Australia and the…

Donaldson Australia Pty Ltd

Sponsored Articles

The Proof Is In The Performance

In the dynamic world of mining where innovation and demand meet, it’s easy to overlook components critical to trouble free operations. Mining equipment is subjected to high loadings of abrasive airborne dusts and contaminants, that may directly contribute to premature engine wear or even the catastrophic failure of a modern engine. While unscheduled maintenance is a costly exercise, the greater expense comes from reduced vehicle availability. High-efficiency air filters are an investment to safeguard the health of your equipment optimising productivity and equipment longevity. Incremental improvements can offset big operational costs elsewhere. Efficiency isn’t just a buzzword – it’s the cornerstone of filtration success. Premium air filtration systems are essential to achieve optimal engine performance and efficiency. Don’t let air…

Cyclone Debbie no Yasi repeat: Canavan

Cyclone Debbie no Yasi repeat: Canavan

NASA-NOAA’s Suomi NPP satellite provides a visible look at Tropical Cyclone Debbie from space. Image: NASA/NOAA/Suomi NPP. BY REUBEN ADAMS WHILE figures from the Resources and Energy Quarterly released today predicting record-high export earnings of $215 billion in 2016–17 and 2017–18 were completed before Cyclone Debbie, the Federal Government is confident the storm’s impacts will be manageable. Minister for Resources and Northern Australia Senator Matt Canavan said separate early assessments show that the Queensland resources sector should be able to absorb the impact of the cyclone. “While there has been some damage to coal haulage rail lines which transport coking coal to the Dalrymple Bay and Hay Point coal terminals, the majority of mines should be able to stay open and stockpile…

Perseus bids big for West Africa assets

Perseus bids big for West Africa assets

By Samantha James WA junior Perseus Mining has announced an all-scrip bid worth $85 million to take over London-listed Amara Mining, aiming to pool the companies’ respective West African gold assets. Perseus and Amara agreed to a recommended scheme of arrangement in late February which would see Amara shareholders own 35.1 per cent of the merged company – a mid-tier gold producer worth about US$242.3 million. The merger would combine Perseus’ producing Edikan gold mine in Ghana (90 per cent ownership) and Sissingue development project in Cote d’Ivoire (86 per cent) with Amara’s Yaoure gold project in Cote d’Ivoire (90 per cent) and Baumahun project (100 per cent) in Sierra Leone. An optimised pre-feasibility study at Amara’s flagship 7.3 million ounce Yaoure…