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Fortescue Partners With Epiroc In $350M Deal
Australian Mining
Fortescue Partners With Epiroc In $350M DealFortescue has joined forces with Epiroc on a $350 million electric drill deal in a bid to eliminate emissions. Fortescue has secured 50 autonomous electric platform and contour drills in a two-fold decision to replace diesel intensive equipment while ramping up drilling performance. The phased roll out, expected to be completed by 2030, is set to eliminate around 35 million litres of diesel consumption annually. “We’re thrilled to be joining forces with Epiroc to bring cutting-edge electric mining equipment into our operations,” Fortescue Metals chief executive officer Dino Otranto said. “The deployment of this new fleet of electric drills will immediately start reducing our carbon footprint, cutting over 90,000 tonnes of CO2 emissions annually once the fleet is operational. “To decarbonise, we’re aiming to swap out around 800 pieces of heavy mining equipment with zero emissions alternatives by the end of the decade, as well as deploy 2–3GW (gigawatts) of renewable energy and battery storage across the Pilbara.” Fortescue’s strategic drill investment follows the commissioning of the 100-megawatt (MW) solar farm at North Star Junction in 2024, while construction is underway on a 190MW solar farm at the major miner’s Cloudbreak site. The contract marks the largest of its kind in Epiroc history. “Fortescue is at the forefront of the mining industry in reducing emissions from operations and in using automation to strengthen safety and productivity, and we are proud to support them on this important effort,” Epiroc president and chief executive officer Helena Hedblom said. “Not only is this the largest contract we have ever received, but it is also a major step forward for our electric-powered surface equipment.” The driver-less machines will eventually be fully operated from more than 1500km away at Fortescue’s Integrated Operations Centre in Perth. Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 17, 2025
Queensland Committed To Streamlining Mining Approvals
Australian Mining
Queensland Committed To Streamlining Mining ApprovalsThe newly formed Queensland Resources Cabinet Committee has met with key stakeholders to discuss ways to increase efficiency across the state’s resources sector. One of the Queensland Government’s 100-day plan commitments following the recent state election was to establish the Resources Cabinet Committee (RCC). The RCC – which is chaired by Queensland Natural Resources and Mines Minister Dale Last – is considering policies and initiatives to maintain and improve the competitiveness of Queensland’s resources sector and the value of its supply chain. In working towards this objective, the RCC has met with representatives from the Queensland Resources Council, Coal Australia, Australian Energy Producers, and the Association of Mining and Exploration Companies. Each industry body representative put forward targeted proposals that aim to reduce mining project delays and streamline the approvals process – both of which are key priorities of the RCC. Reflecting on the discussion meeting, Last said industry leaders want better certainty and decision-making across the Queensland resources sector, as well as greater opportunities for regional growth. “The (Queensland) Government backs our mining and gas industries and the thousands of families across regional Queensland whose livelihoods depend on a strong resources sector,” Last said. “We are committed to working in consultation and collaboratively with key industry stakeholders to find improvements to the mining approvals system and ensuring projects aren’t left to languish for years without a decision. “The Resources Cabinet Committee is getting on with the job, delivering a system that is efficient, transparent and pro-investment. This will ensure resource project proponents can invest with confidence to create jobs and support regional economies.” Peak industry bodies recently welcomed the Queensland Government’s decision to withdraw the mining lease objections review in favour of moving it under the RCC’s responsibilities, reducing potential regulation duplication and further approval delays.  Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 16, 2025
Qld Government Committed To Streamlining Mining Approvals
Australian Mining
Qld Government Committed To Streamlining Mining ApprovalsThe newly formed Queensland Resources Cabinet Committee has met with key stakeholders to discuss ways to increase efficiency across the state’s resources sector. One of the Queensland Government’s 100-day plan commitments following the recent state election was to establish the Resources Cabinet Committee (RCC). The RCC – which is chaired by Queensland Natural Resources and Mines Minister Dale Last – is considering policies and initiatives to maintain and improve the competitiveness of Queensland’s resources sector and the value of its supply chain. In working towards this objective, the RCC has met with representatives from the Queensland Resources Council, Coal Australia, Australian Energy Producers, and the Association of Mining and Exploration Companies. Each industry body representative put forward targeted proposals that aim to reduce mining project delays and streamline the approvals process – both of which are key priorities of the RCC. Reflecting on the discussion meeting, Last said industry leaders want better certainty and decision-making across the Queensland resources sector, as well as greater opportunities for regional growth. “The (Queensland) Government backs our mining and gas industries and the thousands of families across regional Queensland whose livelihoods depend on a strong resources sector,” Last said. “We are committed to working in consultation and collaboratively with key industry stakeholders to find improvements to the mining approvals system and ensuring projects aren’t left to languish for years without a decision. “The Resources Cabinet Committee is getting on with the job, delivering a system that is efficient, transparent and pro-investment. This will ensure resource project proponents can invest with confidence to create jobs and support regional economies.” Peak industry bodies recently welcomed the Queensland Government’s decision to withdraw the mining lease objections review in favour of moving it under the RCC’s responsibilities, reducing potential regulation duplication and further approval delays.  Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 15, 2025
Fenix Banks Record Iron Ore Shipments
Australian Mining
Fenix Banks Record Iron Ore ShipmentsFenix Resources has delivered record shipments for the March 2025 quarter, bolstered by the ramp-up of its Shine iron ore mine in Western Australia. Fenix shipped a record 704,000 wet metric tonnes (wmt) of iron ore from its facilities at Geraldton Port across 12 vessels during the quarter, with 355,000wmt coming from Shine and 349,000wmt coming from the Iron Ridge operation. Fenix also hauled 712,000wmt, with 370,000wmt coming from Shine and 341,000wmt Iron Ridge. The company progressed site and fleet upgrades to support increasing mine production, including the new Beebyn-W11 mine, which commenced construction in April and is targeting first production in the September 2025 quarter. “Fenix delivered a standout March quarter, marking a major step in our growth trajectory,” Fenix executive chairman John Welborn said. “Shine is now in full production, Iron Ridge continues to perform, and our third mine, Beebyn-W11, is moving rapidly towards first production.” Fenix launched a takeover bid for CZR Resources in late February, which would see Fenix acquire the Robe Mesa iron ore project in WA. However, the Robe River Iron Associates joint venture, led by Rio Tinto, put forward an offer only days ago that was deemed “superior” by CZR. While the final outcome of the hunger for CZR is to be determined, if Fenix comes out on top, the company’s vertically integrated mine-to-port business model is expected to have high value-creative implications for CZR shareholders. Looking ahead, Fenix is hoping to achieve six shipments from Iron Ridge and seven shipments from Shine in the June 2025 quarter. The company remains on track to achieve its 2025 production rate of four million tonnes per annum. “With strong margins, disciplined cost control, and more than $54 million in cash, Fenix is well-positioned to become a leading, fully integrated iron ore producer and logistics provider in Western Australia,” Welborn said.  Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 15, 2025
Bhp To Spend Billions On Copper Expansion In Chile
Australian Mining
Bhp To Spend Billions On Copper Expansion In ChileBHP has revealed plans to invest $US13 billion ($20.5 billion) over the next decade to grow its copper operations in Chile. The Big Australian currently operates three copper mines in Chile: Spence, Cerro Colorado and Escondida, the latter of which is known as the largest copper producer globally. BHP’s copper operations in Chile represents 27 per cent of the country’s copper production, injecting $US9.4 billion ($14.8 billion) into Chile’s gross domestic product via royalties and taxes in 2024. Speaking at the 2025 CRU World Copper Conference, BHP Escondida president Alejandro Tapia said Chile must act with urgency if it wants to execute growth copper projects to meet growing copper demand, which BHP expects to increase by 70 per cent by 2050. “The competition will be tough abroad, and Chile cannot miss the opportunity or its leadership position,” Tapia said. “If companies meet the necessary requirements and high environmental standards, an investment project should not take an excessive amount of time to conduct.” Key growth copper projects for BHP includes: “This is an unprecedented growth plan anchored in our operational excellence and the highest environmental standards that will not only have a positive impact on the company but will bring substantial value to the country, its people, and the regions where we operate,” Tapia said. “At BHP, we are ready to execute.” Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 15, 2025
Greatland Delivers Strong Quarter Following Newmont Deal
Australian Mining
Greatland Delivers Strong Quarter Following Newmont DealGreatland Gold has delivered a strong March 2025 quarter, following its acquisition of Newmont’s Telfer mine and 70 per cent stake in the Havieron project, both in Western Australia. The UK miner produced 90,172 ounces (oz) of gold and 3511 tonnes (t) of copper at an all-in-sustaining-cost (AISC) of $2126/oz gold during the quarter, a result 21 per cent higher than the 74,800oz outlined in Greatland’s initial pre-acquisition mine plan. The AISC was also 3.5 per cent lower than Greatland’s expectations of $2203/oz of gold. Greatland sold 89,125oz of gold and 3705t of copper at weighted average realised prices of $4585/oz of gold and $13,140/t copper, generating revenue of $458 million for the quarter. The company saw a strong improvement in gold recoveries, delivering 86.7 per cent gold recoveries compared to the assumed average gold recoveries of 78 per cent. Greatland plans to continue optimising its processing throughout the year. “Greatland’s first full quarter since acquiring 100 per cent ownership of Telfer and Havieron was a tremendous success and is a great credit to the exceptional work of our operational team,” Greatland managing director Shaun Day said. “Production of more than 90,000 ounces of gold and full exposure to the strong gold price resulted in free cash flow of $253 million for the quarter.” Other operational highlights for Greatland during the March quarter include the first major dual train planned maintenance of the Telfer processing plant being successfully completed. “Closing cash of $398 million and no debt establishes a very robust balance sheet and importantly allows us to invest significantly in organic growth and extension at Telfer,” Day said. Following a high grade near-mine underground opportunity being identified at Telfer’s West Dome, a successful drilling program led to a second 1.8km development drive from the Main Dome underground to West Dome underground being approved and commencing in March. The planned mobilisation of two additional underground drill rigs to Telfer in the June 2025 quarter will increase the site’s total rigs to the most Telfer has seen since 2020. “Our confidence in the outlook for Telfer is demonstrated by the approval of investments in a new mining area at the West Dome open pit (Stage 7 cutback), a second development drive to the new West Dome underground project and an increase to six drill rigs at Telfer,” Day said. Greatland’s 2024–25 financial year guidance currently sits at 196,000–210,000oz at an AISC of $2100–2250/0z. The company is currently working to deliver an ore reserve for Telfer by April and its cross-list on the ASX by June. Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 14, 2025
Bhp Renews Care For Hedland Partnership
Australian Mining
Bhp Renews Care For Hedland PartnershipBHP has committed to two more years of its partnership with Care for Hedland, marking two decades of collaboration between the organisations. The collaboration was renewed in a bid to support the community and environment through initiatives like Containers for Change and programs across waste management, community gardens, and school education. BHP manager – Western Australia community, Rachel Donkin, said the continued partnership is vital in maintaining the Pilbara’s ecosystem and local community. “We’re incredibly proud to celebrate two decades of collaboration with Care for Hedland,” Donkin said. “There is nowhere else on earth like the Pilbara and its ongoing conservation is key to BHP and part of our commitment to healthy environments and sustainable communities.” An independent environmental interest group, Care for Hedland is best known for its Flatback turtle monitoring program – an initiative to monitor Port Hedland beaches during nesting and hatching season. The support from BHP has contributed to the company saving more than 63,350 eggs from predators in the past decade alone. Additionally, 16,933 nests have been recorded and more than 532 turtles tagged with the support of hundreds of volunteers across the community. “With more than 260 volunteers and engagement with thousands of visitors each year, BHP’s support has allowed us to transition from an organisation that was heavily reliant upon individuals, to one with a structured plan and key deliverables,” Care for Hedland operations manager Kelly Howlett said. “We now employ over 25 staff at any one time and have plans for more circular economy focussed initiatives like a Hedland Repair CafĂ©, Timber Pallet Recycling initiative, Food Waste Diversion and Tip Shop.” Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 14, 2025
Sqm Finalises Itech Partnership For Reynolds Range
Australian Mining
Sqm Finalises Itech Partnership For Reynolds RangeSociedad Química y Minera de Chile (SQM), one of the world’s largest lithium chemicals producers, and iTech Minerals have finalised their farm-in agreement to develop the Reynolds Range project in the Northern Territory. Originally announced in November 2024, the farm-in agreement outlines that SQM has the right to earn into Reynolds Range’s lithium mineral rights, while iTech will retain all the other minerals rights, including copper and gold. SQM has completed due diligence on Reynolds Range and currently holds a 30 per cent interest in the project’s lithium mineral rights. SQM has the option to earn up to 51 per cent in the lithium rights by spending $7 million on exploration, within 4.5 years of the commencement date, with a minimum spend of $2 million within the first 1.5 years. SQM can also earn up to 70 per cent in Reynolds Range’s lithium mineral rights by paying an additional $3 million to iTech and defining a JORC (2012) compliant mineral resource estimate exceeding 50 million tonnes at one per cent lithium oxide or equivalent, or by spending an additional $15 million on exploration. The payment of a one-off success fee will be paid to SQM by iTech following the completion of a definitive feasibility study on Reynolds Range, which will be calculated based on the lithium oxide content in Reynolds Range’s mineral resource. “With SQM initially funding and managing all aspects of lithium exploration and development, iTech can focus its resources on exploration of the copper and gold potential of the Reynolds Range tenement package of which it retains 100 per cent ownership,” iTech managing director Mike Schwarz said. “iTech looks forward to a valuable and productive working relationship with SQM as we explore this exciting new region side by side.” SQM will operate Reynolds Range during the earn-in period and will create a technical committee alongside iTech to oversee Reynolds Range’s development. The committee will have equal representation of members from SQM and iTech.  Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 14, 2025
Creating A ‘Generational’ Gold-Copper Mining Complex
Australian Mining
Creating A ‘Generational’ Gold-Copper Mining ComplexGreatland Gold is set to expand its investor reach and capital markets with its move to cross-list on the ASX. The cross-listing follows Greatland’s acquisition of Newmont’s Telfer mine and a 70 per cent stake in the Havieron project late last year. “We are delighted to have formally begun the process today for our listing on the ASX,” Greatland Gold managing director, Shaun Day said. “The acquisition of Telfer and Havieron, completed in December 2024, immediately transformed Greatland Gold into a leading Australian gold and copper producer. We enjoyed significant Australian institutional investor support for our equity raising to fund the acquisition, and Greatland Gold continues to see strong engagement and interest from the Australian market. “The ASX listing should enhance our capital markets profile and help facilitate increased research coverage and greater institutional ownership to support improved liquidity and interest in our shares.” Greatland has also announced its plans for a corporate reorganisation to be implemented through a UK scheme of arrangement. This would see Greatland Gold sit under new Australian parent company, Greatland Resources. The move, subject to the approval from the UK Court and company investors, is projected to decrease costs and complexity and allow the company to pursue new investment and acquisition opportunities to support longer-term growth. The Australian gold-copper producer continues to focus on renewing and developing an integrated Telfer–Havieron mining and processing operation, with the hope of developing a “generational” gold-copper mining complex. Following approvals, Greatland Resources is hoping to list on the ASX on June 23. Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 14, 2025
Gold Road Backs Northern Star–De Grey Scheme
Australian Mining
Gold Road Backs Northern Star–De Grey SchemeGold Road Resources has thrown its support behind Northern Star’s proposed acquisition of De Grey Mining. Northern Star announced its $5 billion acquisition of De Grey in December. If successful, the deal will provide Northern Star with access to a low-cost, long-life and large-scale gold development via the Hemi gold project in Western Australia. Now, De Grey’s shareholders will vote on the scheme of arrangement at a meeting on April 16. Gold Road has confirmed it will vote in favour of the scheme at De Grey’s upcoming shareholder meeting. Gold Road is currently De Grey’s largest shareholder, holding approximately 17.26 per cent of the company’s issued capital. If approved, the Northern Star–De Grey deal is expected to be finalised on May 5. “Gold Road advises that it is supportive of the scheme and will vote all De Grey shares it holds or controls in favour of the scheme,” Gold Road said. “Any decision Gold Road makes regarding the Northern Star shares it will receive if the scheme completes will be made with a view to maximising value for all Gold Road shareholders.” Hemi currently has a mineral resource estimate of 264 million tonnes at 1.3 grams per tonne of gold for 11.2 million ounces (Moz) and is forecasted to produce 530,000 ounces per annum over its first 10 years. “The acquisition of De Grey is strongly aligned with Northern Star’s strategy and contributes to our purpose of generating superior returns for shareholders,” Northern Star managing director and chief executive officer Stuart Tonkin said in December. “De Grey’s Hemi development project will deliver a low-cost, long-life and large-scale gold mine in the Tier 1 jurisdiction of Western Australia, enhancing the quality of Northern Star’s asset portfolio to generate cash earnings.” Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
mining
Apr 14, 2025