The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
2.6%
2.6% of all mining industry data analytics roles advertised in the three months to May were based in Perth.
$0.07
Metals Australia will acquire an 80% stake in Payne Gully Gold, and issue 40 million shares at $0.07 each.
$89.6m
The New South Wales (NSW) Government has announced the $89.6m Critical Minerals Activation Fund to draw investment into the state’s mining sector.
Eight
BHP plans to operate its New South Wales Energy Coal mines for another eight years, following which it will be shut down, after failing to find a buyer.
43 million tonnes
Anglo-Australian mining giant Rio Tinto has announced the first ore delivery from the vast Gudai-Darri iron ore mine in Western Australia, which boasts an annual capacity of 43 million tonnes per annum.
Project updates
Kalamazoo Resources has agreed to acquire the Mt Piper gold project in central Victoria, Australia, from Coda Minerals.
Kalamazoo will pay $205,533 (A$300,000) in cash and issue 1.52 million fully paid Kalamazoo ordinary shares upon completion of the deal.
Pilbara Minerals has announced its decision to invest around $205.51m (A$297.5m) to boost production at its Pilgangoora operation in Western Australia.
The board of Pilbara Minerals has now approved the capital investment for the P680 project, which aims to increase the production capacity of the Pilgan plant to 680,000tpa of spodumene concentrate.
Cyprium Metals has signed a letter of intent with commodities trader Glencore for an offtake prepayment facility of $34.6m (A$50m) for its Nifty Copper project in Western Australia.
The facility would help Cyprium fund the restart of the project, including contingencies, capital expenditure, working capital and financing costs.
West Australian gold company Focus Minerals has received approval for its mining proposal for the Greenfields open-pit operation.
The clearance was given by the Western Australian Department of Mines, Industry Regulation and Safety. Focus now plans to start mining from the Greenfields site.
FURTHER READING
Fortescue and Liebherr to co-develop zero-emission mining haul trucks
Australian iron ore firm Fortescue Metals has collaborated with equipment manufacturer Liebherr for the development of green technology-based mining haul trucks.
Intended to decarbonise heavy mobile equipment in the mining industry, the partnership is expected to contribute to Fortescue’s transition of its diesel fleet to a green mining fleet by 2030.
According to the agreement, Fortescue will purchase 120 haul trucks from Liebherr based on its fleet replacement and sustaining capital expenditure estimate.
Source: Mining Technology
