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WesTrac upgrades fluid analysis capabilities A new scheduled oil sampling laboratory established by WesTrac at its Tomago, NSW, headquarters has gone live, giving customers access to industry-leading testing and analysis services. Recently introducing three automated instruments known as AutoLabs, WesTrac has integrated and automated six separate fluid analysis tests, doubling its testing capacity to 1200 fluid samples per day. As well as integrating six testing steps into one instrument, WesTrac has introduced AutoA — an automated interpretation software that releases ‘no action required’ samples without the requirement of manual technician intervention. Each of the AutoLab instruments integrate tools for visual inspection, particle quantification infrared spectrometry, particle counting,...

A heads of agreement (HOA) between failed base metals miner Kagara and Mungana Goldmines has collapsed after unfavourable ruling from the Australian Tax Office. An agreement was reached in December whereby Kagara would hand back its 95.6 million Mungana Gold Mines shares, in exchange for the return of the gold rights and cancellation of other debts between the companies. On 21 February, 2013, Mungana Goldmines announced it had received a private ruling from the ATO which “does not confirm the full availability of tax losses to offset any tax liability arising from the HOA transaction”. As a result of this failed key condition, the HOA it was terminated. The administrators of Kagara and Mungana have agreed to continue discussions with...

Stage 2 mining to commence at Jeffreys Find gold mine, toll mill contract for minimum 300kt ore Auric Mining (ASX: AWJ) will commence stage two of mining the Jeffreys Find gold mine near Norseman, WA, in early March, with first parcel of ore expected in mid-April this year. BML Ventures Pty Ltd of Kalgoorlie, Auric’s joint venture partners, has executed a contract with FMR Investments Pty Ltd to toll mill a minimum of 300,000t of ore at the Greenfields mill in Coolgardie this year. Auric Mining managing director Mark English commented on this....

THE Papua New Guinea Government has seized ownership of the giant Ok Tedi copper and gold mine, resulting in the closure of an associated charitable trust worth about $96 million in projects for the local community. In September, PNG Prime Minister Peter O’Neill forced through a bill giving the state complete ownership of Ok Tedi, on the Fly River in Western Province, replacing shares owned by the PNG Sustainable Development Program (PNGSDP) – which supported local programs with profits from the mine – with shares owned by the government. PNGSDP reported that 100 development projects worth about $96 million had been closed down by late October, including support for schools, hospitals and aid posts across the country, as well as...