News

New World Resources is well positioned to capture the copper opportunity brought about by global stimulus spending on infrastructure (reports Stockhead).

New World Resources is well positioned to capture the copper opportunity brought about by global stimulus spending on infrastructure (reports Stockhead). Copper has experienced a revival in recent months as governments around the world introduce stimulus packages in response to the recession brought about by the COVID-19 pandemic.

read more

Trigg Mining (ASX: TMG) has added more ground to its sulphate of potash (SOP) portfolio in Western Australia, announcing the grant of a new tenement adjoining its Lake Rason project (reports Small Caps).

(SOP) portfolio in Western Australia, announcing the grant of a new tenement adjoining its Lake Rason project (reports Small Caps). The company had entered into an agreement to purchase exploration licence E38/3437 last December for $22,000, payable in shares upon grant, of which it today confirmed it has issued 116,402 fully paid shares for full 100% ownership. The licence covers about 96.2sq km across the western end of Lake Rason and contains about 10km of additional strike at the higher-grade end of the lake.

read more

Miners are braced for years of political instability in Chile, the world’s biggest copper-producing nation, which is holding a constitutional referendum that could lead to higher taxes (reports The Times of London). The country is due to vote on Sunday on whether and how to replace the Pinochet-era constitution. Opinion polls predict a vote in favour of rewriting it. The vote is being held in the wake of civil unrest a year ago, the anniversary of which resulted in renewed rioting in Santiago last weekend.

read more

BHP’s nickel chief paints very bullish outlook for his metal while Mincor tells Diggers & Dealers why it’s perfectly placed to cash-in on this forecast boom and Centaurus also aiming to help meet demand. Plus, Alkane and SolGold.

Diggers & Dealers was always going to be dominated by gold stories. But the nickel brigade, led by BHP’s boss of Nickel West, Eddy Haegel, made a good fist of diverting some of the attention of the 1900 delegates at the COVID-delayed conference. “You’ve heard me say this before - we are at the beginning of a revolution that will transform our world and materially increase demand for nickel. Nickel is a standout winner from a decarbonising world,” Haegel said.

read more

A lot was said this week, mainly at the delayed Diggers & Dealers mining forum in Kalgoorlie, but not much changed, except for a smattering of encouraging discovery and project development news.

A lot was said this week, mainly at the delayed Diggers & Dealers mining forum in Kalgoorlie, but not much changed, except for a smattering of encouraging discovery and project development news. The hothouse atmosphere of the conference (in a 37-degree hothouse environment of Kalgoorlie at the start of summer) smothered the reality of nervous financial markets praying for an end to the Covid-19 pandemic and that other confidence sapping event, the U.S. Presidential election.

read more

Northern Star Resources executive chairman Bill Beament says he has never been more optimistic on the price of gold in his career (reports The West Australian).

Northern Star Resources executive chairman Bill Beament says he has never been more optimistic on the price of gold in his career (reports The West Australian).

read more

Northern Star Resources expects to make its presence felt in North America once it finishes absorbing Saracen Mineral Holdings through a $5.97 billion offer set to make it the world’s sixth-biggest gold miner (reports The Australian Financial Review).

Northern Star Resources expects to make its presence felt in North America once it finishes absorbing Saracen Mineral Holdings through a $5.97 billion offer set to make it the world’s sixth-biggest gold miner (reports The Australian Financial Review). Saracen boss Raleigh Finlayson, who is poised to become managing director of the combined entity, said Northern Star’s Pogo operations were the beachhead for expansion in North America.

read more

Fenix Resources (ASX:FEX) now has sales agreements covering all of its iron ore production from the Iron Ridge project in Western Australia after reaching a binding offtake agreement with Chinese heavyweight Sinosteel (reports Stockhead).

Fenix Resources (ASX:FEX) now has sales agreements covering all of its iron ore production from the Iron Ridge project in Western Australia after reaching a binding offtake agreement with Chinese heavyweight Sinosteel (reports Stockhead). The agreement covers half of the production from Iron Ridge, adding to the company’s existing marketing agreement with Atlas Iron. Development of Iron Ridge is underway and the project is on track for first sales in early 2021.

read more

© 2020 Resources Rising Stars All Rights Reserved