Mineralogy Wins Pilbara Royalty Suit
ABC News reported that Clive Palmer’s Mineralogy has won a claim with Australia’s Supreme Court for $149.4 million in unpaid royalties against two Citic Pacific subsidiaries over a Pilbara iron ore project. Justice Kenneth Martin ruled Mineralogy’s claim for unpaid royalties against Sino Iron and Korean Steel had been established. He also found the claims against Citic, as guarantor for Sino and Korean debts, remained to be determined.
Mining Cities Alliance Will Back Growth, Development
The mayors of the mining cities of Mount Isa, Kalgoorlie-Boulder, and Broken Hill are challenging bureaucracies to cut red tape and back development and jobs growth in regional Australia through the formation of the Australian Mining Cities Alliance. Alliance Chair Kalgoorlie-Boulder Mayor John Bowler said the objective of the alliance is to share knowledge and experience and to strengthen relationships with the mining industry across Australia.
Artemis Refurbishing Radio Hill Concentrator
Artemis Resources has begun refurbishing the Radio Hill concentrator 35 kilometers (km) south of Karratha, Western Australia, with the goal of establishing it as a multi-commodity processing facility for its regional mines. The plant, which Artemis acquired from Fox Resources in April, has been on care and maintenance since 2008. Karratha is a small city of about 20,000 that adjoins the port of Dampier in northwest Western Australia.
OZ Minerals Initiates PFS at West Musgrave
OZ Minerals reported in mid-November that it is proceeding to next stage of its earn-in agreement with Cassini Resources on their West Musgrave nickel project in eastern Western Australia. A pre-feasibility study (PFS) has been initiated whereby OZ can earn a 51% interest in the project by spending $19 million within 18 months. The project is located 20 kilometers (km) from the town of Jameson, which is serviced by a commercial-grade airstrip and mobile telecommunications.