The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
A$181m
Ramelius Resources has improved its bid for the A$181m-valued Apollo Consolidated.
50,000 tonnes
The annual copper production of Glencore’s CSA mine, amid interest from an undisclosed potential buyer.
100%
Cosmo Metals aims to own the entirety of Great Boulder Resources’ two Yamarna projects, following a de-merger.
A$750m
Pilbara Minerals and POSCO have finalised plans for a A$750m joint venture lithium facility in South Korea.
$2.05bn
South32 has agreed to acquire Sumitomo’s stake in the Sierra Gorda copper mine, in Chile, for $2bn.
Project updates
Bowen Coking Coal has agreed to acquire the Bluff PCI coal mine in Queensland, Australia, from mining contractor MACA. The latter will receive $3.7m (A$5m) in either cash or Bowen shares.
Red 5 has awarded a contract to mining services contractor Redpath Australia to develop the Darlot underground gold mine in Western Australia, in a deal valued at $9.4m (A$13m).
BHP has produced crystals with 99.99% purity at its first Australian nickel sulphate plant located to the south of Perth. The new facility is expected to have an annual production capacity of more than 100,000t of nickel sulphate.
Leviathan Gold has commenced drilling at a historic mine within its Timor property in Victoria, which boasts a historic gold grade of 11.4g/t. The initial phase is expected to include at least 3,000m of diamond drilling.
China’s Shenzhen Chengxin Lithium Group and an affiliate of Indonesian firm Tsingshan have agreed to invest in a $350m lithium plant in Indonesia to help meet the growing demand from the electric vehicle battery sector.
FURTHER READING
Five largest zinc mines in Australia in 2020
From Queensland to Western Australia, GlobalData’s mines database has highlighted the five largest zinc mines in Australia. With the value of the global zinc market rallying 26% to a 14-year high in the first half of October, the country’s zinc producers could be set to capitalise on an unexpected and sudden jump in the value of the metal.
Source: Mining Technology
