copper

BHP’s ramp-up of operations at Olympic Dam following a maintenance program has been slower than expected, forcing the miner to lower its copper production guidance at the South Australian mine.

Celsius Resources has revealed what it describes as a “globally significant potential cobalt source” at the Opuwo cobalt project in Namibia, southern Africa, sending the company’s shares flying on the ASX today.

Cobalt-nickel explorer Galileo Mining is seeking to raise up to $15 million through an initial public offering (IPO) as it moves towards listing on the Australian Securities Exchange (ASX) next month.

OZ Minerals has secured a mining lease for the $916 million Carrapateena copper-gold project in South Australia, clearing the way for it to start the second phase of mine construction this month.

Heron Resources’ Woodlawn zinc-copper project in New South Wales remains on track to reach commissioning by the end of this year.

OZ Minerals plans a significant expansion into South America through a takeover of Brazilian-focused copper-gold miner and developer Avanco.

Recently established Indonesian copper consortium Eastern Field Developments has announced that its shareholding in Finders Resources is now over 50 per cent, making it the majority shareholder.

Gold miner St Barbara has taken a 10 per cent share in ASX-listed junior ABM Resources, which is raising funds to execute an exploration program in the Tanami district.

Rio Tinto has formed an exploration partnership in Serbia with ASX-listed junior Raiden Resources.

South32 is expanding its exploration partnership with AusQuest by providing funding for an additional four opportunities.

MOD Resources is aiming to “turbo charge growth” at its assets in the Kalahari copper belt in Botswana, Africa.

Heron Resources has awarded Pybar Mining Services with the underground mining contract for its Woodlawn zinc-copper project in New South Wales.

South Australian copper miner OZ Minerals has released its full-year (FY) report for 2017 with positive results all round, buoyed by a strong operational focus that chief executive officer Andrew Cole expects will continue into 2018.

The gold futures price fell by $US25.10 ($31.87), or 1.9 per cent, to $US1331.20/ounce in Tuesday’s trading.

Evolution Mining and Emmerson Resources are set to restructure their Tennant Creek Mineral Field (TCMF) joint venture in the Northern Territory.

Gold miner Newcrest Mining has released its half-year results, posting a statutory profit of $98 million and underlying profit of $116 million as it produced 1.14 million ounces (Moz) of gold.

OZ Minerals and Minotaur Exploration have mutually decided to end an exploration collaboration in the Prominent Hill area of South Australia.

BHP is continuing a recruitment drive for the Olympic Dam mine in South Australia as it ramps up operations to full capacity in the current quarter.

Anglo American plans to withdraw from the Star Mountains copper-gold exploration joint venture with Highlands Pacific in Papua New Guinea.

Base metals developer Heron Resources has awarded a port services contract for its Woodlawn zinc-copper project in New South Wales to Port Kembla Gateway (PKG).