News - Market Insights

The merger of Northern Star Resources and Saracen Mineral Holdings has cleared its final hurdle with court approval of the $16 billion tie-up (reports The West Australian).

The merger of Northern Star Resources and Saracen Mineral Holdings has cleared its final hurdle with court approval of the $16 billion tie-up (reports The West Australian). The WA Supreme Court today (Feb 1) made orders approving a scheme of arrangement between the two gold miners. The court orders are expected to be lodged with the Australian Securities and Investments Commission tomorrow (Feb 2) , at which time the scheme will become legally effective.

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Sandfire Resources has effortlessly skirted around a Chinese trade ban on Australian copper by finding alternative markets (reports The West Australian).

Sandfire Resources has effortlessly skirted around a Chinese trade ban on Australian copper by finding alternative markets (reports The West Australian). Despite the WA copper miner selling 93 per cent of its product to China last financial year, Sandfire has seamlessly found new markets in Europe, South Korea, Japan and the Philippines in recent months. Beijing unofficially banned Australian copper in November, with the metal joining a growing list of commodities to incur sanctions from the Middle Kingdom amid a worsening trade war between the two nations.

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Centaurus Metals has increased the size and confidence of its Jaguar nickel project in Brazil (reports MiningNews).

Centaurus Metals has increased the size and confidence of its Jaguar nickel project in Brazil (reports MiningNews). The indicated and inferred resource now stands at 58.6 million tonnes at 0.95% nickel for 557,800 tonnes of contained nickel. The June maiden resource was 517,500t at 1.08% nickel. The indicated resource now accounts for 40% of the total, or 19.9Mt at 1.12% nickel for 223,400t of nickel, which will underpin a scoping study due next month.

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Orion Minerals has signed an option to acquire a majority stake in a copper project in South Africa that it hopes can be developed in tandem with its Prieska copper-zinc project in the country’s Northern Cape region (reports The West Australian).

Orion Minerals has signed an option to acquire a majority stake in a copper project in South Africa that it hopes can be developed in tandem with its Prieska copper-zinc project in the country’s Northern Cape region (reports The West Australian). The Denis Waddell-chaired explorer will be in partnership with the Industrial Development Corporation of South Africa in the Okiep copper complex if its exercises the option.

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RBR has just won its first contract to supply the biggest resource development African has ever seen...

RBR has just won its first contract to supply the biggest resource development African has ever seen, marking the start of what it believes is a company-making opportunity to provide accommodation, training and labour to this new multi-billion-dollar industry (reports Stockhead). After five years of preparing to provide vital services to the LNG construction boom now getting underway in Mozambique, RBR Group (ASX:RBR) is up and running with its first major contract.

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Aspiring rare earths concern RareX has attracted some big support from a major vertically integrated producer (reports MiningNews).

Aspiring rare earths concern RareX has attracted some big support from a major vertically integrated producer (reports MiningNews). Shanghai Stock Exchange-listed Shenghe Resources, which is probably better known as a key backer of ASX-listed Greenland Minerals, has signed a non-binding memorandum of understanding that will establish a jointly-owned trading company sourcing rare earths concentrates globally from outside China.

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For more than a millennium the Falun copper mine in Sweden played a significant role in meeting the copper needs of continental Europe (reports Stockhead).

For more than a millennium the Falun copper mine in Sweden played a significant role in meeting the copper needs of continental Europe (reports Stockhead). The old mine — now a museum — is thought to have produced as much as two-thirds of European copper needs in medieval times. Falun is said to have produced 500,000 tonnes of zinc at 5%, 400,000 tonnes of copper at 4%, 160,000 tonnes of lead at 2%, 380,000 tonnes of silver at 35 grams per tonne and 5 tonnes of gold at 4g/t over its life.

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Sulphate of potash (SOP) hopeful Trigg Mining (ASX: TMG) has restarted drilling at its flagship Lake Throssell project in Western Australia after bad weather in December brought the program to a temporary halt (reports Small Caps).

Sulphate of potash (SOP) hopeful Trigg Mining (ASX: TMG) has restarted drilling at its flagship Lake Throssell project in Western Australia after bad weather in December brought the program to a temporary halt (reports Small Caps). In all, 16 holes had been completed for 1,806m — about 40% of the program — during December before bad weather hit the area. Now the air-core drill is back in action with 22 holes to be drilled over the next few weeks.

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