mining
Apr 04, 2025
Australian Mining
Glencore has reaffirmed its long-term commitment to Queensland mining, working to redeploy workers from its soon-to-close Mt Isa underground copper mine.
The company has invested $1.8 billion in its Queensland metals business over the past five years and has a strong focus on supporting employees amid the transition, with Mt Isa on track to close in July.
The mine has been operating for over 60 years, and the Mt Isa mine life has already been extended six years past its original life expectancy.
Glencore first spoke about closing the mine in October 2023, stating that the company had conducted a range of studies to extend the mine but found it wouldnât be possible due to low ore grades and the lack of infrastructure to safely extract it.
Despite the scheduled closure of its Mt Isa underground copper operations in July, Glencore is minimising job losses while continuing to invest in its assets
âI want to make clear that Glencore is not going anywhere,â Glencore chief operating officer for Australian zinc and copper assets Sam Strohmayr said. âMount Isa Mines is an important asset for Glencore globally and weâre continuing to invest in these operations.
âThe future for our long-life George Fisher mine, which produces zinc, lead and silver, is bright.
âWith its life of mine to 2042, we are upskilling our workforce, expanding production and advancing our fleet.â
The company has already transferred 89 people from the impacted underground copper operations to George Fisher, with 71 additional transfers pending as Glencoreâs aim is to replace contractor fly-in, fly-out (FIFO) roles with local workers.
Glencore is also advancing a pre-feasibility study for its Black Star open cut project, which has the potential to provide 300â400 jobs from 2027.
If approved, the project will supply zinc, lead and copper ores to Mt Isaâs processing facilities.
While the closure of Mt Isaâs underground copper mine was initially projected to impact 1200 jobs, proactive workforce strategies have reduced this to approximately 500.
Glencore has prioritised redeployment and support initiatives, including on-site counselling, resume workshops, and job fairs.
Additionally, Glencore is assessing the future of its Mount Isa copper smelter and Townsville copper refinery amid challenging global market conditions.
âOur copper smelter and refinery are strategic assets for the state of Queensland,â Strohmayr said.
âWe have approached both the Queensland and Federal Governments about the future of these assets and their support for a regional solution that benefits the whole north-west Queensland.â
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Global Mining Review
The New Age Of MiningThe mining sector is undergoing a seismic shift. The industry is facing growing pressure from stakeholders to not only meet the increasing demand for critical materials, but to do so in a responsible, ethical, and sustainable way. At the same time, mining companies are navigating an increasingly complex geopolitical landscape. Meeting these demands and overcoming these challenges requires a new way of operating. At the heart of this evolution, inevitably, lies technology. From the initial steps of ore exploration to extraction and processing, emerging technologies are disrupting the entire mining ecosystem. This technological shift will define the future of the sector, and those organisations that successfully innovate will enhance their net present values and better balance competing demands.
Leading the way in this transformation is artificial intelligence (AI). From the first step of exploration and prospecting, AI can offer support. As AI devices can quickly process big data, the tools can identify possible mining sites with higher mineral potential more effectively than human surveyors alone. In fact, companies using AI in exploration have reported a 20 â 30% reduction in time and costs involved with mineral discovery.
Once the operation has launched, AI can deliver improved operational efficiency and safety. For example, AI-powered autonomous vehicles, which can also offer the advantage of being powered by green energy, are often used in hazardous areas to protect workers. This was successfully demonstrated by BHPâs Spence mine, which was BHPâs first fully autonomous site. The results speak for themselves: the Spence mine had zero incidents, and the autonomous operations reduced exposure to safety risks by 90%. Later in the mining process, AI can support with more accurate ore sorting, speeding up operations, maximising ore beneficiation, and reducing waste.
The use of digital twins and Internet of Things (IoT) sensors can add another layer of efficiency. By developing models of mine sites that use real-time geological data, engineers can simulate different mining strategies for optimal efficiency, sustainability, and safety. Digital twins can also be used to detect minor problems and prevent major problems, allowing for proactive maintenance measures to take place and reducing unexpected downtime. Workers can use wearable IoT sensors to monitor their health and detect exposure to dangerous gases or hazardous substances, which can alert them to any potential dangers. IoT devices can also be used to monitor environmental data, such as air and water quality, to ensure compliance with regulations.mining
04 April 2025
Australian Mining
Glencore Reinforces Commitment To Queensland MiningGlencore has reaffirmed its long-term commitment to Queensland mining, working to redeploy workers from its soon-to-close Mt Isa underground copper mine.
The company has invested $1.8 billion in its Queensland metals business over the past five years and has a strong focus on supporting employees amid the transition, with Mt Isa on track to close in July.
The mine has been operating for over 60 years, and the Mt Isa mine life has already been extended six years past its original life expectancy.
Glencore first spoke about closing the mine in October 2023, stating that the company had conducted a range of studies to extend the mine but found it wouldnât be possible due to low ore grades and the lack of infrastructure to safely extract it.
Despite the scheduled closure of its Mt Isa underground copper operations in July, Glencore is minimising job losses while continuing to invest in its assets
âI want to make clear that Glencore is not going anywhere,â Glencore chief operating officer for Australian zinc and copper assets Sam Strohmayr said. âMount Isa Mines is an important asset for Glencore globally and weâre continuing to invest in these operations.
âThe future for our long-life George Fisher mine, which produces zinc, lead and silver, is bright.
âWith its life of mine to 2042, we are upskilling our workforce, expanding production and advancing our fleet.â
The company has already transferred 89 people from the impacted underground copper operations to George Fisher, with 71 additional transfers pending as Glencoreâs aim is to replace contractor fly-in, fly-out (FIFO) roles with local workers.
Glencore is also advancing a pre-feasibility study for its Black Star open cut project, which has the potential to provide 300â400 jobs from 2027.
If approved, the project will supply zinc, lead and copper ores to Mt Isaâs processing facilities.
While the closure of Mt Isaâs underground copper mine was initially projected to impact 1200 jobs, proactive workforce strategies have reduced this to approximately 500.
Glencore has prioritised redeployment and support initiatives, including on-site counselling, resume workshops, and job fairs.
Additionally, Glencore is assessing the future of its Mount Isa copper smelter and Townsville copper refinery amid challenging global market conditions.
âOur copper smelter and refinery are strategic assets for the state of Queensland,â Strohmayr said.
âWe have approached both the Queensland and Federal Governments about the future of these assets and their support for a regional solution that benefits the whole north-west Queensland.â
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.mining
04 April 2025
Africa Mining Market
Mining Input Costs Remained Unchanged At 3.8% Year-On-YearIn February 2025, the Minerals Council South Africaâs Mining Input Cost Index rose 3.8% year-on-year (y-o-y), unchanged from the y-o-y growth recorded in January. A moderate improvement in the Nominal Effective Exchange Rate (NEER) helped lower costs for imported intermediate goods, and reduced financing costs eased capital financing expenses. These gains were largely offset by higher prices for chemicals and man-made fibres, as well as an increase in mining and quarrying intermediate input costs on an annual basis in February. The chart below illustrates the trend in total mining input costs, using headline manufacturing PPI as a benchmark.
The largest cost movements over the 12 months to February were driven by financing costs, electricity, chemicals and other man-made fibres, and intermediate imports. Figure 2 below highlights these annual shifts affecting the industry.
Financing costs saw some relief. The South African Reserve Bank (SARB) reduced the repo rate by 0.75 percentage points over the past year, which lowered the prime lending rate to 11% and helped ease capital financing expenses for mining operations. Electricity costs remain the biggest concern. As we have noted before, the above-inflation increases in electricity tariffs continue to be the primary driver of annual input cost growth. Over the past two decades, the average electricity price for mining has surged from 15.07 cents per kWh in 2003 to 143.51 cents per kWh in 2023 â an 852% increase. This trend will persist, with the National Energy Regulator of South Africa (Nersa) approving a 12.74% electricity tariff hike for direct Eskom customers (effective April 1, 2025) and an 11.32% increase for municipal bulk purchases (effective July 1, 2025) for the 2026 financial year.
Chemical prices and other intermediate costs also saw notable increases. Ammonia prices â a key ingredient in explosives used for blasting and mineral extraction â rose 20â25% over the past year. Additionally, prices for polypropylene and propylene, which are used in protective mining equipment, filtration systems, piping, and certain chemical processes, also increased, adding further cost pressures to the sector.
Rubber prices have increased by a comparable margin, directly impacting tyre costs, which are a major expense in mining operations due to the extensive use of heavy-duty haul trucks and other machinery.
On the positive side, prices for coke and refined petroleum products declined 5.7% y-o-y, largely due to easing crude oil prices and an improvement in the randâs performance. The NEER appreciated by 5.9%, reducing the cost of imported inputs.
Encouragingly, the rand strengthened against major trading partners, appreciating 0.7% from January to February, trading at R18.47 to the US dollar (from R18.72 in January). There were also gains against the euro and Japanese yen. Similarly, at the end of January, the SARB lowered the repo rate by 25 basis points (0.25 percentage points), helping to ease financing costs in February. On the downside, crude oil prices rose in January to US$78.20 per barrel, up from US$73.20 in December 2023. Due to the typical one-month lag in crude oil price adjustments filtering through to petroleum products like petrol and diesel, February saw higher coke and refined petroleum costs.
In February 2025, the gold sector recorded the highest average increase in input cost inflation. The other mining and quarrying sector, iron ore, other metallic minerals, and manganese sectors saw the next fastest rise in input costs.
The macroeconomic environment remains highly uncertain, with several factors influencing mining input costs in South Africa. One key risk is US trade policy uncertainty, particularly regarding tariffs imposed during the Trump administration. These tariffs could contribute to higher inflation and weaker growth in the US (and globally), which may delay interest rate cuts by the Federal Reserve. A slower rate-cutting cycle in the US limits the SARBâs ability to lower the repo rate, keeping borrowing costs elevated. That said, many analysts still anticipate two 25-basis-point cuts by the Federal Reserve in 2025, as policymakers cautiously assess the impact of tariffs. If these cuts materialise, the SARB may follow suit, easing capital costs for businesses, including the mining sector.
On the electricity front, the 12.74% tariff increase for Eskom customers took effect on 1st April, for the 2026 financial year. However, tariff increases for the 2027 and 2028 financial years have been set at 5.36% and 6.19%, respectively â a shift from the double-digit hikes seen in previous years. This suggests a gradual easing in electricity cost pressures for the mining sector over the medium term, although costs remain elevated.
Another key factor is crude oil price volatility, driven in part by geopolitical tensions, including US-Iran relations, the potential for increased Russian crude oil exports, tied to discussions around lifting sanctions as part of a possible peace deal with Ukraine. Fluctuating crude oil prices directly impact diesel and petrol costs, which are major expenses for mining operations.
Beyond direct input costs, US tariffs on South African-produced vehicles could have indirect consequences for mining. According to the World Platinum Investment Council, the 25% tariff on South African automotive exports could reduce platinum demand by 70,000 ounces and palladium demand by 269,000 ounces. A decline in demand for these metals could affect investment decisions, and ultimately production costs.
Overall, while we remain cautiously optimistic that cost pressures will not escalate drastically, macroeconomic and geopolitical uncertainties will likely continue to drive volatility in mining input costs.
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03 April 2025
Mining Technology
Capital Secures Mining Services Contract At BarrickâS Reko Diq In PakistanMining services company Capital has signed a material mining services contract with Reko Diq Mining Pakistan, which is operated by Barrick Gold, for the Reko Diq gold and copper mining project in Pakistan.
The contract ensures operations through to December 2028 and includes a five-year extension option. It is expected to generate more than $60m (ÂŁ45.68m) in annual revenue once fully operational.
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The contract encompasses two primary scopes of work, with the first focusing on early civil works, laying the projectâs groundwork before production begins.
Capital will utilise mining equipment formerly deployed at the Belinga iron ore mine, with a full run rate expected from the fourth quarter of 2025 (Q4 2025).
The workforce onboarding is nearly complete and operational training has started.
The contractâs second scope involves the construction and maintenance of the tailings storage facility (TSF).
Capital will utilise the majority of the fleet from the Sukari gold mine, with operations set to start at the beginning of Q4 2025 and full utilisation anticipated in the second half of 2026.
Capital executive chair Jamie Boyton said: âReko Diq is set to be the next truly major copper operation in the world and so it is exciting for us to be bringing our services to the site at the very beginning of its development, first through drilling and now adding mining services.
âToday highlights the strategy core to Capital of focusing on adding our services at long-term contracts at world class assets. We are also thrilled to be able to redeploy the majority of our mining kit from our previous two mining contracts and continue to drive a return from this investment.â
The contract expands Capitalâs service offering at Reko Diq and builds on its record since 2023 and its long-standing relationship with Pakistan since 2008.
The company will continue providing reverse circulation and diamond drilling geotechnical services for the project alongside the new contract scope.
Reko Diq, co-owned by Barrick, federal state-owned enterprises and the Government of Balochistan, is expected to become one of the worldâs largest and low-cost copper-gold operations.
The project is expected to rank among the top ten global copper mines by production, with a low C1 cash cost of $0.53/lb based on Barrickâs feasibility study.
Reko Diq has an estimated mine life of approximately 37 years, and additional exploration targets have been identified that may extend the mine life.
According to Barrick Gold CEO Mark Bristow, the mine is projected to generate $74bn (C$104.8bn) in free cash flow over the next 37 years.mining
03 April 2025
Global Mining Review
Sustainable Lubrication: A Collaborative Approach To Modern MiningThe mining sector, a key driver of the worldâs economy, continues to face significant environmental and operational challenges: resource depletion, land degradation, water scarcity, and greenhouse gas emissions. In a world seeking to reach the target of 1.5°C by 2050, how can the mining industry play a significant role in facilitating the energy transition?
A paradigm shift towards sustainable operations
The mining industry is undergoing a significant transformation towards sustainable operations, acknowledging the environmental impact of its historical practices that often run counter to these global environmental objectives. The crucial role it must now play is clear: supplying important minerals and metals for renewable energy technologies, electric vehicles, and energy storage solutions.
How lubricants can make a difference
Lubrication, a fundamental element of mining operations, is at the heart of this transition. Sustainable lubrication methods can improve efficiency, minimise environmental impact, and optimise the overall performance of mining operations. By positioning lubricants at the centre of this new sustainable approach, mining companies can help create a more environmentally acceptable future.mining
03 April 2025
Global Mining Review
Komatsu Breaks Ground On New Mining Sales And Service FacilityThis expansion will triple Komatsuâs current operational footprint in Mesa, enhancing its capacity to serve both existing and new customers in the area.
The new facility, strategically located near the airport in southeast Mesa, will span approximately 215000 ft2 â an impressive increase from the current 75 000 ft2 facility. Scheduled for completion in the summer of 2026, this US$80 million investment reflects Komatsuâs dedication to supporting its customers in the Southwestern US.
Tom Suess, Vice President of Komatsu North America Mining Stores, said:
"As the copper industry continues to grow, Arizona is at the heart of that momentum. Expanding our presence in the Mesa area positions us to support our customers and partners in a region thatâs leading the way in critical mineral production."
Komatsu leadership celebrated the groundbreaking alongside several of the companyâs mining customers, the Arizona Commerce Authority and the City of Mesa.
Sandra Watson, President and CEO of the Arizona Commerce Authority, said:
âWe are excited to celebrate the groundbreaking of Komatsuâs new facility in Mesa. Arizona is the number one exporting state in the country for mineral ores, with continued growth and opportunities on the horizon.â
Mesa Mayor, Mark Freeman, said:
âWe are very pleased to welcome Komatsuâs new facility to Mesa. Mesa's strategic investments in infrastructure and world-class amenities make us a premier destination for businesses such as Komatsu to thrive and grow with our community.â
The project is expected to promote significant economic benefits for the area. In addition to creating short-term construction jobs during the building phase, Komatsu anticipates the addition of up to 100 new long-term positions within the first few years of operation.mining
03 April 2025
Africa Mining Market
How Rental Partners Improve Mining Dewatering AgilityMost mines operate permanent dewatering infrastructure to safeguard operations and safety. Yet, as mines dig deeper and wider for high-quality minerals, contend with extreme weather shifts, and manage water debris and contaminants, dewatering requirements are creeping outside the scope and budgets of established systems.
Normally, this shift would require expensive capital expenditure to expand dewatering capabilities. But rental fleets provide cost-effective and agile alternatives that complement existing dewatering infrastructure and planning.
Dewatering is inherently costly, requiring specialised equipment like high-capacity pumps, filtration systems, and pipelines, as well as ongoing operational and maintenance expenses for handling corrosive and abrasive mine water. Sites need the right pumps for their conditions, supported by key infrastructure such as the appropriate pipelines and power supplies.
These factors make it tough for mines to maintain resilient dewatering systems as market and weather conditions shift.
âDewatering systems are sensitive to changes in site variables, requiring operators to consider several factors,â says Chetan Mistry, strategy and marketing manager at Xylem Africa. âAs they go deeper underground, they need to ensure the equipment caters for water table levels, ground water flow, climate changes (particularly heavy rainfall) water quality, explosion\flame proofing and that elements like electric cables and pipe inlets donât endanger personnel. Many mines, especially open-pit mines, dig wells to help their dewatering. These interventions require planning and design, creating unexpected costs when unexpected things happen.â
Unexpected things are happening. According to the 2019 CDP report, In Too Deep, intensified storms and flooding are already the top two drivers of negative financial impact on mining operations, collectively accounting for over a third of mining disruptions.
Reactively upgrading dewatering infrastructure is unsustainable. Instead, mines need breathing room so they can hone their dewatering plans and budgets. The smart choice is to incorporate rental dewatering fleets into their strategies.
Mines frequently use industrial equipment rentals, a market valued at over US$141 billion. As dewatering expands from routine services to strategic operations, mines have increased their use of rental dewatering fleets and crews.
Rental fleets provide skilled operators and modern equipment, empowering mines to develop flexible dewatering strategies without risking capital expenditure. Rental operators shoulder the responsibility of equipment maintenance and human capital development, recouping their costs through services to multiple clients.
This approach offers significant budget advantages to mines. Renting dewatering equipment delays and even eliminates weighty capital investments. Instead of tying up capital, mines can allocate resources more efficiently by renting pumps and other dewatering equipment on an as-needed basis.
Rental agreements also enable mines to scale their dewatering operations based on fluctuating needs, such as varying water levels, changing project requirements, and emergencies. Reputable rental companies minimise downtime and prevent costly damages. They offer rapid response dewatering solutions, cultivating the resources and expertise to deploy pumps and other equipment in critical dewatering situations.
The best rental fleet operators partner closely with water equipment OEMs, ensuring access to new technologies, the latest training, and optimal maintenance, says Mistry.
âRental fleet business models can invest in new and varied technologies, ensuring they have the most efficient and suitable options for different environments. This helps their mining clients to remain flexible and plan for the long term.â
Examples include high-capacity centrifugal pumps for large volumes, submersible borehole pumps for deep wells, positive displacement pumps for handling high solids content, pontoon-mounted pumps for open water, and submersible pumps designed for confined spaces. Leading rental companies also have specialised pumps and skills to handle contaminated water and reduce environmental impacts.
Mining operations face harsher weather, changing market demands, and more variable conditions. Agile dewatering opens up space in their budgets and timetables, using rental agreements to create flexibility and scalability, as well as access to advanced technology.
âMines can tailor rental agreements to match their needs, whether itâs for exploration, emergencies, or managing elements such as slurry dams and environmental concerns,â says Mistry. âRental fleets enable mines to stay in charge and profitable while reducing their water-related risks.âmining
02 April 2025
Mining Technology
Luca Mining Begins Commercial Production At Tahuehueto Mine In MexicoCanadian mining company Luca Mining has started commercial production at its Tahuehueto gold-silver mine in Durango, Mexico.
The company has achieved a consistent throughput rate of more than 800 tonnes per day (tpd) at the project.
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The construction of the Tahuehueto mine was completed in July 2024.
For 2025, Luca Mining anticipates producing between 85,000 and 100,000 gold equivalent ounces, with payable ounces expected to range from 65,000 to 80,000.
Luca Mining president Ramon Perez said: âThis milestone marks a significant step in the mineâs development, reflecting the operational teamâs dedication and the effectiveness of recent optimisation efforts.â
The company projects generating free cash flow before working capital adjustments of $30â40m.
In 2025, the company will invest $27.4m (C$39.44m) in its projects, allocating $23.5m to sustaining capital and $3.9m to exploration across its two operating mines, funded by operational cash flow.
In Tahuehueto, infrastructure enhancements including the construction of a spare parts warehouse are being prioritised to improve operational resilience.
The processing plant, with an installed capacity of 1,000tpd and production rates of up to 1,200tpd, currently operates at 82% availability, with plans to increase this to 85â90%.
In Tahuehueto, $10.5m is planned for capital expenditures, with $6.5m for mine workings and $2.6m for a 5km drilling exploration programme aimed at resource expansion and mine life extension.
Efforts are also ongoing to increase throughput to above 2,000tpd by the end of 2025 at the companyâs other mine, Campo Morado, with a focus on improving metal recoveries and grade consistency.
Campo Morado is an underground operation in Guerrero State, producing copper-zinc-lead concentrates with precious metals credits.
The development of a third copper concentrate is expected to improve the payability of precious metals.
A minimum 5km exploration programme is planned to expand mineral resources and continue production for the long term.
At Campo Morado, $13m is allocated to capital projects, including $10m for the development of mine workings. A 5km, $1.3m drilling exploration programme is set to increase high-grade resources and evaluate regional targets.mining
01 April 2025
Global Mining Review
Ensuring Productivity, Sustainability, And Safety In Deep Underground MiningThe fast-growing digitalisation and automation of the underground hard rock industry is bringing with it innovative safety and productivity solutions, which many companies are starting to employ.
In July 2022, Komatsu Ltd. acquired Australia-based Mine Site Technologies (MST), which provides critical operational platforms for underground mining that leverages communication devices and position tracking systems. MST uses the HELIX enterprise software platform, which helps customers build digital ecosystems with real-time insights and alerts, voice and communication technologies, targeted modular solutions, robust network infrastructure, and wireless and geospatial technologies.
HELIX and its solution-based modules offer comprehensive digital monitoring, automation, and control for all operations, creating a real-time digital twin of the entire mine. It includes next-generation precision tracking, proximity detection, and collision avoidance, all unified by Wi-Fi, Bluetooth, and GNSS. Soon, Ultra-Wide Band (UWB) technology with V2X data capability will also be integrated.
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MSTâs AXON devices provide the network infrastructure for data and communications, while HELIX serves to bring all collected data together in a useful and meaningful way. Like the modular ecosystem introduced by Komatsu at MINExpo for surface mining, MST systems are OEM-agnostic, interoperable, and integrate easily with disparate systems at the task, process, and enterprise levels. Customers who have mixed fleets are able to use MST seamlessly across their entire network of equipment, due to the interoperability that we offer.
At MINExpo, MST introduced HELIX Dispatch, a fleet management system specifically designed to help visualise and manage load and haul processes entirely underground.mining
01 April 2025
Mining Technology
Denarius Metals Commences Mining At Zancudo Project In ColombiaCanadian junior exploration company Denarius Metals has officially started mining activities at its Zancudo gold-silver project in Colombia.
The first production from the project is anticipated in the second quarter of 2025 (Q2 2025).
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This milestone reflects the companyâs efforts throughout 2024 to advance the projectâs development and construction, secure the necessary mining licence and gain approval for the environmental impact study (EIS).
In 2024, it prioritised the Zancudo and Aguablanca projects in Spain, with both expected to start operations within the next 12 months, thus providing internal cash flow.
The company also announced that the European Commission has recognised Aguablanca as a strategic project.
Denarius Metals has secured the long-term economics of its projects by signing offtake contracts with global companies for 100% of concentrate production.
An eight-year contract with Trafigura for Zancudoâs gold-silver concentrate and an agreement with Boliden Commercial for Aguablancaâs nickel-copper concentrate were signed in 2024.
Additionally, a prepayment agreement with Trafigura in February 2025 provided $2.5m (C3.6m) upfront, with up to $6.5m more expected as construction milestones are reached at the Zancudo project.
The Zancudo projectâs development plan, executed by the companyâs mine contractor, aims to open four primary fronts within the next four to six months.
Concurrently, early production activities have commenced, with mining already under way in accessible areas.
The contractor is stockpiling ore on-site, with deliveries to Trafigura under an offtake contract set to begin by the end of April.
All processing plant equipment has arrived and is stored at the site, with earthworks starting soon and installation of the plant scheduled over the summer. The plant is set to commence operations by Q4 2025.
To mitigate the impact of permitting and licensing delays experienced in 2024, Denarius Metals improved its financial liquidity by amending the terms of its convertible debentures and selling a 29% equity interest in Rio Narcea Recursos (RNR), Aguablanca projectâs owner, back to the RNR Shareholder Group, retaining a 21% fully paid equity interest.
In December 2023, Denarius Metals signed a definitive agreement to acquire a 50% stake in RNR for a cash consideration of âŹ25m ($27m).mining
01 April 2025Mining Technology
Duketon Mining Granted New Gold-Prospective Tenement At Barlee Project In AustraliaDuketon Mining has been granted a new tenement, E77/3160, at its 100%-owned Barlee Project in Western Australiaâs (WA) Southern Cross region.
This tenement is considered prospective for gold, base metals and lithium, further expanding Duketonâs portfolio in the area.
The Barlee Project is located approximately 200km north of Southern Cross in a region with several small gold deposits including the Mt Dimer and Marda Gold projects, and the Penny Mine.
The newly acquired land adjoins the companyâs existing holdings, increasing the total granted tenure at the project to 253km² and extending the project by 38km along the Youanmi and Clampton faults.
The Barlee tenement covers the granite-greenstone contact, primarily overlying the Archean Diemals Formation, known for its siltstones, shales and mudstone.
This area is part of a fault-bounded basin with mineralisation observed in the south at gold prospects such as Bronzewing, Yarbu and Andromeda.
The projectâs southern tenements, contiguous with the companyâs existing holdings, have defined gold targets from broad spacing auger sampling, which are yet to be drilled.
Prior exploration on E77/3160 includes regional auger soil sampling, with 306 samples collected and analysed, revealing a maximum gold concentration of 92.7 parts per billion (ppb) and several anomalies over 30ppb gold.
Ultra-fine fraction (UFF) soil geochemistry has identified two significant gold anomalies on the tenement.
In the north, a 3.8km by 1.8km anomaly lies near the Clampton Fault, while in the south, a 3.2km by 2.2km anomaly is associated with the Diemals Formation.
Additionally, six rock chip samples were collected as part of a lithium-focused reconnaissance programme, although no significant assays resulted from this non-targeted sampling. In August 2023, Rox Resources secured binding commitments for a placement of A$7m ($4.5m) to support development programmes at its Youanmi gold project in WA.mining
01 April 2025Australian Mining
1.1-Billion-Tonne Phosphate Resource Gets Nt BackingThe Northern Territory Government has granted two mineral leases to Verdant Minerals, a privately-owned fertiliser minerals explorer focusing on phosphate and sulfate of potash.
The two mineral leases concern Verdantâs Ammaroo phosphate project in the NT, which has an estimated mine life of at least 25 years and an estimated capital expenditure of $700 million.
Acting NT Chief Minister and Mining and Energy Minister Gerard Maley said the leases are a critical step towards bringing a promising mining development closer to production in central Australia.
âThis is a significant milestone in progressing a world-class resource project that will support jobs, drive investment, and strengthen the NTâs position as a leader in resource development,â Maley said.
âThe Ammaroo project will support 400 jobs in construction and another 250 jobs once in production, delivering real benefits for local communities and businesses, and help deliver on our promise to rebuild the economy.â
Ammaroo has an independent JORC resource of 1.141 billion tonnes of phosphorus pentoxide at an average grade of 14 per cent, making it the largest JORC compliant phosphate resource in Australia and one of the largest undeveloped phosphate resources globally.
Building off this significance, Verdant is now in the final stages of securing its mining authorisation, which will allow construction and other site works to commence at the site.
âWith the project now consented to by Native Title Holders and the NT Government granting tenure, Verdant now has crucial certainty to progress the project financing process,â Verdant managing director Chris Tziolis said.
âWe thank the NT Government for their continued support of the project, and we welcome steps taken by the new government to progress projects like ours.â
Considered one of the NTâs 17 critical minerals, phosphate is a critical component in many fertilisers.
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01 April 2025Mining Technology
Metalsgrove Mining Acquires Three Gold Permits In CĂ´te DâIvoireAustralian miner MetalsGrove Mining has signed a binding term sheet with Australian Securities Exchange (ASX)-listed Desert Metals and its subsidiaries to acquire three gold joint venture (JV) permits in CĂ´te dâIvoire, West Africa.
The acquired permits encompassing the Vavoua, Vavoua West and Kounahiri West projects, collectively known as the Central West Gold Joint Venture (JV), are currently held by GĂŠnĂŠrale des Mines et Carrières (GEMICA), a privately owned company in CĂ´te dâIvoire.
Desert Metals holds the right to earn a majority interest in each of the permits under existing JV arrangements.
Under the terms of the deal, Desert Metals will transfer its JV rights to MetalsGrove in exchange for a structured consideration.
This includes an initial A$50,000 ($31,426.3) cash payment upon the grant of the Vavoua licence, followed by another A$50,000 upon the grant of either the Vavoua West or Kounahiri West licence, whichever is first.
Additionally, a milestone-based payment of A$1m will be made upon the estimation of a JORC-compliant mineral resource exceeding 500,000oz of gold (or gold equivalent) with a grade above one gram per tonne, with a maximum payout of A$3m.
Lastly, Desert Metals will receive a 1% net smelter royalty on production from the projects, capped at either A$3m or the royalty amount from the first 125,000oz of gold production, whichever is greater.
This strategic move will enable Desert Metals to focus on its principal Adzope and Tengrela South gold projects.
Desert Metals managing director Stephen Ross said: âThroughout our exploration programmes in CĂ´te dâIvoire since 2023, we have strategically concentrated our resources and expertise on our two flagship projects: the highly prospective Adzope gold project in the southern region and the advanced Tengrela South gold project in the north.
âWhile the GEMICA joint venture projects demonstrate significant potential for gold mineralisation, particularly given their location along the same structural corridor as the producing Abujar gold mine, we had earmarked them for future greenfields exploration pending the grant of permits as well as budget allocation.â
The three permits span approximately 950km² and are strategically positioned between 60km and 140km north-east of the operational 3.8-million-ounces Abujar gold mine.
These greenfield projects are pending formal approval and have not yet undergone modern mineral exploration.
The Vavoua permit is due to be officially granted soon following approval by the Interministerial Committee.
MetalsGrove Mining managing director and CEO Lijun Yang said: âThis strategic acquisition allows us to leverage our extensive gold exploration expertise within this prolific geological setting.
âWith a favourable geological framework, highly anomalous gold results from neighbouring projects and structural insights derived from aeromagnetic surveys, we are confident in the potential to identify significant gold deposits.
âOur initial exploration programme will commence promptly upon the successful completion of the transaction and once permits are granted.â
In December 2023, Desert Metals agreed to acquire CĂ´te dâIvoire-based CDI Resources.mining
01 April 2025Africa Mining Market
Caledonia Mining Described 2024 âA Year Of SignificantâŚCaledonia Mining Corporation PLC described 2024 as âa year of significant progressâ, financially and operationally, as it reported record annual results.
Operating cash flow totalled US$42 million, from US$14.8 million, on 76,656 ounces of gold production.
Gross revenue rose to US$183 million, from US$146.3 million in 2023, whilst gross profit increased by 86% to US$77 million.
The company, meanwhile, reported a net attributable profit of US$17.9 million versus a US$7.9 million net loss in the prior year.
On a per-share basis, it reported earnings (adjusted) of 125.2 cents. Meanwhile, shareholders are set to receive a 14 cents per share dividend.
âOur financial performance benefited from a higher gold price environment, which resulted in a significant increase in gross profit and operating cashflows,â chief executive Mark Learmonth said.
Learmonth, meanwhile, highlighted that Caledoniaâs strategic vision remains to become a multi-asset, Zimbabwe-focused gold producer, with immediate attention on the Bilboes mine, where extended feasibility work is expected unearth cost-saving opportunities and enhance project economics.
âBilboes remains a highly attractive project, and we are confident that we will find the optimal development method to maximise returns for shareholders,â Learmonth added.
âWe continue to refine the feasibility study, exploring ways to enhance project economics and reduce upfront capital requirements.
âWe are confident that by taking a disciplined approach we can develop the project in a way that creates long term value while maintaining financial prudence.â
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31 March 2025Australian Mining
Ssh To Bolster Mining Services CapabilitiesIndustrial services company SSH Group has signed a non-binding term sheet to acquire Total Contract Mining (TCM), an Australian privately owned mining services provider.
TCM specialises in identifying high-potential mineral assets and presenting their owners with streamlined approaches to early-stage production.
The companyâs services cover underground mining capabilities such as production drilling and charging, bogging, haul and backfill, and surface mining applications like mine planning, material handling and crushing and screening.
SSH said acquiring TCM aligns with its strategy to rapidly grow its mining services capabilities and strengthen its position in the Australian resources sector.
The transaction would also expand SSHâs mining services proficiencies by expanding its vertical from workforce to production capability.
âThe signing of this non-binding term sheet for the potential acquisition of Total Contract Mining represents another significant step in our strategy to grow our mining services division,â SSH managing director Daniel Cowley-Cooper said.
âThis opportunity, combined with our recent progress in securing key agreements and advancing discussions in the sector, positions SSH Group for potential substantial growth in the Australian resources industry.â
The potential acquisition is subject to a range of conditions, including due diligence, employment agreements with key personnel, board approvals, and the negotiation and execution of definitive agreements.
Both SSH and TCM expect due diligence to be finalised and the agreement to be executed within four weeks following the signage of the non-binding term sheet.
During the due diligence period, TCM will exclusively deal with SSH and wonât engage in discussions or agreements with any other party, and SSH will review and analyse TCMâs current workbook of mining projects and pipeline of opportunities it has shortlisted.
The value and considerations for the proposed acquisition will be agreed upon during the due diligence process.
If the acquisition is successful, TCM founder and managing director Sam Baker and operations director Kevin Malaxos will join SSH to ensure a smooth integration, with Malaxos having the opportunity to join SSH as a non-executive director.
âThis is a move designed to create value, deliver scale, and build resilience in SSHâs operating model,â Cowley-Cooper said.
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31 March 2025Mining Technology
Ssh Group Eyes Total Contract Mining Acquisition To Bolster Mining ServicesAustralian industrial services provider SSH Group has entered a non-binding term sheet to potentially acquire Total Contract Mining (TCM) to expand its mining services capabilities and bolster its position in the Australian resources sector.
This initiative follows SSH Groupâs recent efforts to enhance its mining services offerings, which include expanding its Mining Services vertical, restructuring business units for better scale and synergy, and focusing on providing comprehensive turnkey mining solutions.
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The transaction is subject to various conditions including due diligence, key personnel agreements and board approvals.
The companies expect the due diligence process and the finalisation of the agreement to take place within four weeks of the signing date.
During this period, TCM has agreed to exclusively negotiate with SSH and refrain from engaging with other potential buyers.
SSH Group managing director Daniel Cowley-Cooper said: âThe signing of this non-binding term sheet for the potential acquisition of Total Contract Mining represents another significant step in our strategy to grow our Mining Services division.
âThis opportunity, combined with our recent progress in securing key agreements and advancing discussions in the sector, positions SSH Group for potential substantial growth in the Australian resources industry. This is a move designed to create value, deliver scale and build resilience in SSHâs operating model.â
The proposed acquisition will add two key executives, Kevin Malaxos and Sam Baker, from TCM, with Malaxos being considered for a non-executive director position on the SSH Group board.
The financial details of the potential acquisition are yet to be determined and will be established through the due diligence process.
SSH Group and TCM are working towards a consideration structure that will likely include a mix of cash and SSH securities, linking the transaction to performance milestones and fostering post-acquisition alignment between the two entities.
In February 2025, Pure Resources entered into a non-binding heads of agreement with SSH Group to accelerate the development of the Reedy Creek Garnet Project in Western Australia.mining
28 March 2025Australian Mining
Secure Your Tickets For Wa Mining ConferenceAfter a sold-out show in 2024, the WA Mining Conference and Exhibition (WA Mining) will return to Perth from October 8â9, once again transforming the city into the focal point of mining for two days.
With WA being a powerhouse of Australiaâs resources sector, the strategically located event attracts key players from the stateâs mining industry in one convenient location.
Building on the success of last yearâs event, 2025 is taking things up a notch, delivering more thought-leading content, key exhibitors and significant players than ever before.
Dredge Robotics commercial manager (west coast) Barry Steed said the event enabled the company to connect with major mining companies who were interested in the companyâs tech.
âWeâre pretty well established in the WA market across the bulk of the miners, but you come to these shows and thereâs always someone new and different,â he said.
âItâs a good way to condense a lot into a fairly short period of time.â
Blackwoods national account manager Luke Bodel said there were a lot of networking opportunities and people to talk to and connect with at the 2024 event.
âMining in WA and across Australia is very regional based â itâs very hard and costly to visit everyone in the sector,â he said.
âThese events give you an opportunity to draw those people into one room to capture as much as you can, in a streamlined way to allow you to follow up later.â
RaptorTech co-founder and chief technology officer Aaron Lock said that the boosted exposure from events like WA Mining deliver in what can be a challenging marketplace.
âBrand recognition is really important, itâs about people knowing youâre there,â Lock said.
âWeâve got people that saw us last year â theyâve come back this year and theyâve seen how much our stuffâs evolved and are really interested in working with us.â
Attendees can secure their tickets now to lock in an exclusive early-bird price.
For more information or to take part in the event, visit waminingexpo.com.au/getinvolvedmining
28 March 2025Australian Mining
Martinus Steps Up In Mining LogisticsGetting resources from pit to port takes more than just machinery, it takes smart execution, long-term planning and the right networks across the supply chain, including rail and logistics.
Martinus was recently on the ground in Dysart, Queensland as Vitrinite launched its new HW300 highwall miner in a major milestone for Australian mining.
Martinus general manager â strategy and business development Jonathon Shwabsky and business development manager â haulage Lee Morrissey joined industry leaders to see firsthand how, through pioneering technology, the Vulcan South operation is shaping the future of the mining sector.
For Martinus, Australiaâs largest privately-owned rail infrastructure company, delivering infrastructure is just the beginning. True project success means looking beyond development, keeping operations moving efficiently, sustainably and with the right expertise in place.
Martinus is making significant strides in the rail haulage sector with its approach to full-scale, construct and haul opportunities, as well as providing next generation solutions to existing miners and heavy industry.
Emphasising the full-scale contract and haulage model, Martinus has the capability to implement a comprehensive develop, build, own, operate and maintain model, which has the company poised to transform rail haulage services across the industry.
âOur construct and haul capabilities are a testament to our commitment to not just participate in the market, but to lead it,â Morrissey said.
âBy overseeing every aspect of the infrastructure lifecycle, we can drive resilience, consistency, and efficiency into supply chains.â
Partnerships are the key to success. By partnering with leading locomotive manufacturers, Martinus is constantly driving innovation in all that it does, enhancing its service capabilities and operational efficiency in the process.
Faced with a general lack of investment in the industry, Martinus is boldly stepping forward to change the narrative.
âWe are not just investing in rail; we are supporting the future of Australian industry,â Morrissey said. âOur proactive efforts to build and expand the next generation of railway infrastructure is setting new standards for commitment and development within our sector.â
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28 March 2025Mining Technology
Canada One Mining Expands Copper Dome Project Landing Holdings In BcCanada One Mining has expanded its Copper Dome project in Princeton, British Columbia (BC) with the addition of 1,728ha of land holdings named Copper Dome East.
With this addition, the total size of the land position at Copper Dome has now increased to 7,997ha.
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The companyâs immediate focus remains on the Boundary Zone, which is located just south of the Copper Mountain Mine and 1.5km from the mineâs super pit.
This new claim group, staked by the company, is contiguous to the existing project and will be explored for porphyry copper and molybdenum mineralisation.
Canada One Mining is currently awaiting its drill permit, which is expected to be granted shortly.
The expansion covers an area with two historically identified mobile metal ion (MMI) anomalies.
The first is a copper-silver anomaly, approximately 2.9km long and 1.3â1.9km wide, while the second is a molybdenum anomaly, around 2.1km long and 400â900m wide.
The Copper Dome Project is situated within the lower portion of the Quesnel Trough porphyry belt, a prolific mining district that includes several established mines.
Past exploration at the project has also confirmed the presence of palladium, platinum and gold mineralisation on the property.
The exploration history of the project includes airborne magnetics flown over the entire area, 51km of induced polarisation surveyed, as well as airborne magnetics and electro-magnetics surveyed over half of the project area.
Additionally, 2,253 soil and 378 rock samples have been collected, with more than 8.9km of diamond drilling and more than 1km of trenching conducted.mining
28 March 2025Global Mining Review
Unlocking Energy Efficiency And Longevity In MiningAs the mining industry faces increasing pressure to reduce operational costs and minimise environmental impact, optimising energy efficiency has become a top priority. However, one often-overlooked contributor to energy loss is friction within essential mining equipment. High loads, harsh conditions, and intense operational demands can cause substantial wear on machinery, leading to higher energy consumption and more frequent maintenance cycles. This is where energy-efficient lubricants â specifically designed to meet the unique demands of mining environments â come into play.
The article explores how energy-efficient lubricants can deliver tangible savings and enhance equipment reliability in mining operations. By switching to these advanced solutions, the global mining industry could potentially save more than âŹ1 billion annually. From reducing energy consumption and CO2 emissions to increasing output of mills and lowering total ownership costs, the switch to specialised lubrication solutions represents a smart investment for any mining operation aiming to boost productivity and sustainability.
With years of experience in the mining sector, KlĂźber Lubricationâs expertise in energy-efficient lubrication brings practical solutions to the mining sector. This article will explain how a small change in lubrication can drive big productivity gains, with real-world case studies, potential savings estimates, and guidance on implementing these advanced lubricants in their own operations.
With substantial energy requirements, mining operations often bear the brunt of rising electricity and energy costs. For many mining sites, critical machinery such as crushers, conveyors, and grinding mills account for a significant portion of operational electricity expenses. As environmental regulations tighten and the demand for sustainable practices grows, the industry is under pressure to adopt energy-efficient technologies that align with standards like ISO 50001 and other energy management certifications.
One often-overlooked area for improving energy efficiency lies in the selection of lubricants. By switching to energy-efficient specialty lubricants, mining operations can reduce electricity consumption, lower costs, and contribute to environmental targets â all while optimising machinery performance under demanding conditions.mining
27 March 2025