Subsidy introduced for Mount Isa rail users

Lynas Rare Earths (ASX: LYC) has signed a binding letter of intent with the US Department of War to finalise a four-year rare earth oxide offtake agreement.

JSW uses Slovakian solutions Alcoa (ASX: AAI) contractor JSW Drilling has looked to the mountains of Europe to develop exploration drilling operations in the Northern Jarrah Forest of WA that will have the lowest possible environmental impact. Drawing inspiration from specialised Slovakian-made forestry equipment, JSW have developed innovative drilling rigs for low-impact forest drilling. The company refined then customised a cab chassis specifically for Alcoa’s minimalist impact needs. The cab and custom-made drill control station are equipped with protective features designed in accordance with Australian forestry standards and Alcoa’s operational requirements, ensuring enhanced safety and risk mitigation in forested environments....

Mount Gibson Iron moves into gold Mount Gibson Iron (ASX: MGX) has entered a binding agreement to acquire Northern Star Resources’ (ASX: NST) 50% interest in the Central Tanami gold project in the Northern Territory. The Central Tanami project is an equal joint venture with Tanami Gold (TAM) established in 2015, for a cash consideration of $50m. Mount Gibson chief executive Peter Kerr says the acquisition represents a compelling opportunity to enter the gold sector at an attractive price. “Involvement in the Central Tanami gold project provides Mount Gibson with...

Skeena advances Eskay Creek with Sandvik Sandvik Mining has been awarded a contract with Skeena Gold & Silver for early work construction activities at its flagship Eskay Creek gold-silver project in British Columbia’s Golden Triangle. Sandvik has already delivered three Leopard DI650i down-the-hole (DTH) drill rigs that were contracted to advance operations at the site. A fourth is anticipated in June, marking a significant milestone in the advancing of one of Canada’s highest-grade open-pit precious metal projects. The deal was secured through successful collaboration between Sandvik and the Tahltan Nation Development...