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Australia & Oceania
Newcrest Ramping-up Two Major Projects
- Created on Tuesday, 14 May 2013 14:36
Newcrest Mining reported in late March 2013 that production ramp-ups of both its Cadia East panel cave mine in New South Wales and its Lihir Million Ounce Plant Upgrade (MOPU) on Niolam island, New Ireland province, Papua New Guinea were progressing in line with expectations.
Koniambo Produces First Nickel Metal
- Created on Tuesday, 14 May 2013 14:34
Xstrata Nickel’s Koniambo laterite nickel project in the North Province of New Caledonia tapped its first nickel metal in early April 2013. The start of production marked a key milestone for the complex, $5-billion greenfield project, which has been under construction for the past six years.
Toro’s Wiluna Uranium Project Receives Environmental Approval
- Created on Tuesday, 14 May 2013 14:32
Toro Energy has received Australian federal government environmental approval for its Wiluna uranium project in central Western Australia. Announced on April 2, 2013, the federal environmental approval was the last major approval required to clear the way for the proposed A$269-million Wiluna mine to become Australia’s sixth uranium producer and the first in Western Australia.
Rio Tinto is Australia’s Largest Taxpayer
- Created on Saturday, 13 April 2013 18:40
Rio Tinto has published a report detailing the destinations of the $11.6 billion in taxes it paid around the world in 2012. More than three-fourths of these taxes, $8.9 billion, were paid in Australia to all levels of Australian governments, making Rio Tinto the nation’s largest taxpayer.
Crocodile’s Cosmo Reaches Commercial Production
- Created on Saturday, 13 April 2013 18:39
Crocodile Gold reported on March 1, that it has reached commercial production at its underground Cosmo mine in Australia’s Northern Territory. During the previous six months, the mine maintained a development rate well in excess of its long-term requirements while increasing total ore production rates from less than 1,000 mt/d prior to September 2012 to more than 1,650 mt/d in February 2013. At full production, anticipated for the fourth quarter of 2013, Cosmo is expected to produce between 700,000 and 750,000 mt/y of ore (2,000 to 2,150 mt/d), with associated gold production of 75,000 to 90,000 oz/y.
Ivanhoe Starts Stope Production at Starra 276
- Created on Saturday, 13 April 2013 18:36
Ivanhoe Australia began stope blasting and production at its Starra 276 underground mine south of Cloncurry in northwest Queensland in March 2013. Starra 276 is the third underground mine that Ivanhoe Australia has successfully re-commissioned at its Osborne copper-gold project, the others being the Osborne and Kulthor mines. Mining at Starra 276 will ramp to its full production rate of approximately 650,000 mt/y of ore in the second quarter of 2013.
Rio Tinto Wins Against Third-Party Access to Rail Lines
- Created on Saturday, 13 April 2013 18:34
The Australian Competition Tribunal ruled in February that Rio Tinto is not required to open its Hamersley and Robe rail lines in Western Australia to third-party users.
First Results from Cayzer-Prince Operation
- Created on Saturday, 13 April 2013 18:33
Initial mining has begun at the Cayzer-Prince orebody at Vatukoula Gold’s underground mine on Fiji’s Viti Levu Island where the company expects to annually produce up to 100,000 oz of gold per year.
Tropicana Project Heading for Q4 2013 Production
- Created on Tuesday, 19 March 2013 20:16
AngloGold Ashanti reported in late January 2013 that the Tropicana gold project located 330 km east-northeast of Kalgoorlie, Western Australia was on schedule to begin production during the fourth quarter of 2013. Construction was 55.6% complete at year-end 2012. Engineering design and procurement activities were complete, and all major equipment items had been delivered to the site.
Bullabulling Reports Positive Prefeasibility Study
- Created on Tuesday, 19 March 2013 20:14
Bullabulling Gold Ltd. has reported the results of a positive prefeasibility study (PFS) for its open-pit Bullabulling gold project, located 60 km west of Kalgoorlie, Western Australia. The PFS considers the re-start of mining in an area previously mined by Resolute Mining during the 1990s. The PFS indicates that the project is technically and financially viable, and Bullabulling is moving ahead with a definitive feasibility study, with a goal of completing the study and reaching a development decision by the end of 2013.
M&A Action in Australian Gold
- Created on Friday, 14 September 2012 00:00
Three agreed transactions have focused attention on a group of Australian gold producers that have operations primarily, but not exclusively, in Western Australia. St. Barbara Ltd. and Allied Gold have agreed to a transaction whereby St. Barbara will acquire Allied for cash and St. Barbara shares that value Allied at about A$552 million.
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