Tag: Mineral Resources

(Image source: Mineral Resources) The Mt Marion site | Australian Mining Review

MinRes awards $46m contract to Bill Beament’s Develop

MinRes awards $46m contract to Bill Beament's Develop Develop Global Limited (ASX: DVP) has been awarded a $46m contract to develop an exploration decline at the Mt Marion lithium mine in WA, about 40km southwest of Kalgoorlie. The contract is expected to start in early 2024 with a term of 18 months. Former Northern Star Resources boss Bill Beament, who now heads Develop as its managing director, says “the award of this contract to Develop is a significant vote of confidence in our world-class underground mining team”. “We have built a world-class underground mining team with immense experience in developing and operating underground operations, especially in WA,” he...

Can Latin Resources’ JORC take it up to Andromeda

Can Latin Resources’ JORC take it up to Andromeda

Latin Resources (ASX: LRS) this week announced a 207mt maiden JORC resource estimate at its 100% owned Noombenberry Halloysite-Kaolin Project. LRS has named its first deposit the Cloud Nine Deposit - the first Kaolin-Halloysite deposit defined within the company’s larger Noombenberry Project. The Could Nine deposit is located on the company’s 100% owned exploration licence E70/2622, which is situated approximately 350 kilometres to the east of Perth and to the south-east of the town of Merredin. The resource looks to be better than $475M capped Andromeda’s 210mt resource. A global Inferred Mineral Resource estimate for the Cloud Nine Deposit of 207 million tonnes of kaolinised granite has been reported by RSC, using an ISO Brightness (“ISO-B”) R457 cut-off of 75....

Mineral Resources expands Pilbara footprint

Mineral Resources expands Pilbara footprint

MINERAL Resources and BCI Minerals Limited have entered into agreementa that will enhance MRL’s Pilbara iron ore footprint. They include the purchase by MRL of the Buckland Project from BCI for cash consideration of up to $20m, and the optimisation of the existing Iron Valley Agreement, whereby BCI will participate in the capital investment required to extend the mine life at Iron Valley through a partial rebate of MRL’s payments to BCI. This series of agreements builds on MRL’s strong, long-term relationship with BCI through the Iron Valley Agreement. MRL managing director Chris Ellison said the agreements reflected the company's strong partnership with BCI and provided further opportunity for MRL’s Mining Services business to create value from stranded iron ore...

Mineral Resources new investment head

Mineral Resources new investment head

JAMES Bruce will be head up the investor relations division at Mineral Resources Limited (ASX: MIN) from April 1, 2020. Mineral Resources chief financial officer Mark Wilson said the appointment broadens the skills and experience of the company’s leadership team and highlights the company’s ability to attract talent. “With more than 25 years’ experience in international financial markets and operational roles in the WA resources industry, James is ideally placed to lead out investor relations efforts, provide input to our environmental, social and governance (ESG) activities and our capital management approach,” he said. Mineral Resources is a Perth-based leading mining services provider, with a focus on the iron ore and hard-rock lithium sectors in WA.

Lithium shares on the rise

Lithium shares on the rise

SHARES in lithium have soared, with Galaxy Resources up 24pc, Orocobre Ltd up 34pc and Pilbara Minerals posting a rise of 19pc. Mineral Resources also increased 2.4pc to $17.39. The boost for the lithium market comes as the Chinese government announced yesterday that it would hold back on reducing subsidies to the electric vehicle industry. Industry and Information technology Minister Miao Wei said that the subsidies, which have been cut steadily since 2018, will not be cut this July. This follows a marked drop in sales of electric vehicles since the subsidies, first introduced in 2009, began to be phased out. The surge is also hitched to Tesla’s delivery of its first Chinese made Model 3 cars. Tesla has revealed...

Wodgina in care and maintenance

Wodgina in care and maintenance

MINERAL Resources (ASX: MIN) and Albermarle have mothballed the Wodgina lithium project in the Pilbara to wait out the lithium price slump after finalising the establishment of the unincorporated MARBL JV. The MARBL JV (60:40 Albermarle MIN), has joined a growing number of developments cutting back, or halting lithium production to wait for better prices as the US-China trade wars and the stalled EV boom continues to frustrate the international market. MIN said that it will take about four weeks to transition to care and maintenance. During that time, Albermarle will manage the marketing and sale of spodumene concentrate, and under the terms of the JV, will continue to manage it once Wodgina goes back into production. Mineral Resources managing...

Mineral exploration companies have been given a boost with a $4.6m funding boost.

South Queensland Energy and Resources Expo: Region relies on resources

QUEENSLAND is a state heavily reliant on resources for its economic prosperity, and the South Queensland Energy and Resources Expo is a key networking opportunity for businesses in the Toowoomba region. According to Toowoomba regional council mayor Paul Antonio, mining generated just over $940m in the 2017/18 financial year. “The mining and resources industry makes up around 14pc of our $10.81 billion Gross Regional Product, with most of this coming from the coal and gas industry,” Mr Antonio said. “As mayor of this region, I advocate at every opportunity for an informed balance between the economic opportunities presented by the mining and resources boom and the future health of our environment, ongoing prosperity and long-term sustainability of our agricultural industry.”...

Southern Ports: open for business

Southern Ports: open for business

WA’S South West holds three gateway ports that connect it to the rest of the world – the Ports of Albany, Esperance and Bunbury – and Southern Ports is their custodian. Unlike role-specific organisations such as the Hunter Valley Coal Collective which focuses its energies on getting one commodity (coal) to one port (Newcastle). Southern Ports manages multiple ports, customers, industries and multiple products. This gives it a unique and multi-faceted role in the supply chain. Its principle role is to facilitate trade through the commercial management of the ports, and to return a dividend to the government of Western Australia. As FY19 comes to a close, Southern Ports will celebrate another successful year. From the beginning of FY19 to...

Mineral Resources: The big picture

Mineral Resources: The big picture

All images: Mineral Resources. BY ELIZABETH FABRI MINERAL Resources’ acquisition spree continues – this time a farm-in deal with Brockman Mining, the owner of the Marillana iron ore project in the Pilbara. The increasingly diversified Mineral Resources (MinRes) has been striking deal after deal in recent months. Rewind the clock back to June, and there was the landmark purchase of Cliff’s closing Koolyanobbing iron ore operations following its unsuccessful takeover bid for Atlas Iron. In October, its next deal: an acquisition of BCI Minerals’ Kumina iron ore project in the Pilbara. A month later a $1.58 billion agreement to sell half its share in its Wodgina lithium project to Albemarle followed, along with a separate JV deal to...