Joint venture partners AngloGold Ashanti and Independence Group have unveiled a $46 million plan to lift production and extend the life of the Tropicana gold mine in Western Australia.
Australian gold production has dipped slightly in the September 2017 quarter as several leading mines registered lower output.
Independence Group (IGO) has officially opened the Nova nickel-copper-cobalt operation in Western Australia.
Independence Group plans to sell its Stockman copper-zinc project in Victoria to CopperChem for $47.2 million, clearing the way for it to focus on advancing the Nova operation in Western Australia.
Australian miners are likely to be affected by changes made to Indonesia’s mining policy for exports of minerals including nickel and bauxite.
Growing electric vehicle battery demand coupled with the Philippines cracking down on mining spells a boon for the nickel industry, Independence Group has said at Diggers & Dealers.
Independence Group has taken a major step forward with first development ore mined at the Nova project.
Swick has been awarded two new underground mining contracts.
Nickel has slumped to its lowest level in nearly 13 years as Chinese demand continues to recede.
Independence Group has cut jobs and halted exploration at its Long nickel mine.
Tropicana is looking to the coal sector for an innovative approach to extend its mine life, in a joint venture with owners AngloGold Ashanti and Independence Group to use “strip mining” principles in open-pit coal mining.
Independence Group has blamed the low nickel price for job cuts at its Long mine near Kalgoorlie.
Sirius Resources has advised its shareholders to accept a $1.8 billion takeover bid from Independence Group.
Ill health has forced Independence managing director Chris Bonwick to resign from his position at the company.
Gold miner AngloGold Ashanti has produced first gold from its Tropicana joint venture project ahead of schedule and on budget.
AngloGold Ashanti and Independence have begun the commissioning stage of the highly prospective Tropicana gold project, and expect first gold next month.
The massive Tropicana gold project has dramatically increased its mineral resources at the site.