News

Northern Goldfields-focused Red 5 is hailing a “transitional year” for the company as it charges ahead with plans to develop a standalone plant at its King of the Hills goldmine near Leonora (reports The West Australian).

Northern Goldfields-focused Red 5 is hailing a “transitional year” for the company as it charges ahead with plans to develop a standalone plant at its King of the Hills goldmine near Leonora (reports The West Australian). Presenting on the final day of this year’s annual Diggers & Dealers Mining Forum in Kalgoorlie-Boulder, Red 5 boss Mark Williams yesterday revealed the miner had committed cash to long lead items. That included a sag mill and a gyratory crusher expected to arrive at the project midway through next year.

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16th October 2020

A cashed-up, emerging producer intent on bringing an historic mine near Leinster back into production hopes it will be close to mining the project this time next year (reports The West Australian).

A cashed-up, emerging producer intent on bringing an historic mine near Leinster back into production hopes it will be close to mining the project this time next year (reports The West Australian). Bellevue Gold yesterday used its pitch at the Diggers & Dealers Mining Forum to spruik the high-grade nature and low-cost capital outlay it would need to bring its namesake project into production.

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Alicanto Minerals has significantly enhanced the potential of its Greater Falun project in Sweden with the discovery of four new four copper-gold targets in its Wolf Mountain prospect (reports Stockhead).

Alicanto Minerals has significantly enhanced the potential of its Greater Falun project in Sweden with the discovery of four new four copper-gold targets in its Wolf Mountain prospect (reports Stockhead).

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The company on the cusp of joining the ranks of Australia’s nickel producers has described the reawakening of Kambalda’s nickel mines as the “third wave for nickel mining” in the Goldfields town (reports The West Australian).

The company on the cusp of joining the ranks of Australia’s nickel producers has described the reawakening of Kambalda’s nickel mines as the “third wave for nickel mining” in the Goldfields town (reports The West Australian). IGO and Andrew Forrest-backed Mincor Resources has a spring in its step after last month revealing plans for its nickel mines came roaring to life this year. That came with a final investment decision that would have the first nickel production late next year, and an initial five-year mine life with potential to be extended.

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Pilbara Minerals boss Ken Brinsden says demand fundamentals in the beaten-down lithium market have started to improve and he expects pricing to follow (reports The West Australian).

Pilbara Minerals boss Ken Brinsden says demand fundamentals in the beaten-down lithium market have started to improve and he expects pricing to follow (reports The West Australian). The market for lithium concentrate cratered in 2019 after the world’s biggest buyer China changed its electric vehicle subsidy scheme causing widespread disruption and indigestion across the supply chain.

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After a bumper year, the Goldfields air is thick with anticipation, if not planes. A “potential show-stopper” from Chalice and Greatland on finding gold in the Pilbara among the must-sees

Next week’s Diggers & Dealers bash beneath Kalgoorlie’s big blue sky will be a more sedate affair than usual. That’s a pity because there is lots for the annual gathering of mining and finance-types to celebrate. The Eastern State’s bloc of regular attendees at the three-day conference is trapped back home because of COVID-19, so it is case of them putting out the rubbish and feeding the cat rather than being free to enjoy a Kalgoorlie kebab at 3am.

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1+1 really can equal 3, sometimes. Which is one way of looking at the proposed Northern Star + Saracen merger that has launched a fresh wave of interest in gold, with mergers and acquisitions (M&A) expected to take centre stage over the next 12-months.

1+1 really can equal 3, sometimes. Which is one way of looking at the proposed Northern Star + Saracen merger that has launched a fresh wave of interest in gold, with mergers and acquisitions (M&A) expected to take centre stage over the next 12-months. Investor reaction to the Northern Star + Saracen deal has been impressively positive at what is shaping as a delicate time in the gold-price cycle as some central banks switch from buying to selling.

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There is a natural inclination to think that in a nil premium scrip merger, one set of shareholders – usually the smaller of the two - is being done over (writes Barry FitzGerald on MiningNews).

There is a natural inclination to think that in a nil premium scrip merger, one set of shareholders – usually the smaller of the two - is being done over (writes Barry FitzGerald on MiningNews). To placate the unhappy, the merging entities point to the re-rating to come from the marriage because of its "compelling" logic, and because it comes with a bagful of synergy benefits to be shared by all. The problems with that is while the claimed synergy benefits can be quantified to a degree, the timing and scale of the promised re-rating cannot.

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