Saracen Mineral Holdings has laid the foundations to become a 400,000 ounce per year gold producer off the back of increased investment in exploration and growth.
Australia and Canada share a lot of similarities as two of the world’s leading mining nations. Peter Diekmeyer tells Australian Mining of the links between the two countries at at the PDAC convention in Toronto earlier this month.
Western Australia is the only Australian state or territory to feature in the top 10 of the Fraser Institute’s annual survey of mining companies for the second straight year.
BHP chief financial officer Peter Beaven has called for improved investment strategies in the mining industry to help aid medium and long-term growth for companies.
Gold miner Evolution Mining will advance three projects at the Mt Carlton operation in Queensland after approving a $60 million investment.
Gold miner Resolute Mining will acquire a 15 per cent stake in Orca Gold through a share placement, bolstering the ASX-listed company’s presence in Africa.
Global spend on nonferrous metals exploration is expected to rise by 20 per cent in 2018, in keeping with recent trends. Spend in 2017 reached around $US8.4 billion ($10.8 billion), up from $US7.3 billion in 2016, a 14 per cent year-on-year increase. According to a report from World Exploration Trends (WET) developed in association with … Continue reading Metals exploration spending expected to rise by 20 per cent in 2018
Australian gold company Newcrest Mining is investing $US250 million ($318.9 million)in Toronto-listed Lundin Gold, which is developing the Fruta del Norte mine in Ecuador, South America.
Gold performed well in 2017, with its value improving by 13 per cent in US dollar terms over the year. The precious metal’s price rise was, however, no match for bitcoin, which enjoyed a 13-fold increase in value by the end of the year.
The Western Australian Government is offering support for the Minerals Research Institute of Western Australia (MRIWA) in the form of a $3 million funding injection launched by Treasurer Ben Wyatt.
BHP is investing more than $600 million into its Olympic Dam copper operations in South Australia, with a range of expansion and development works set for the 2018 financial year.
Western Australian drilling company DDH1 has received investment from Oaktree Capital Management, enabling the company to expand its capacity and capabilities.
The seventh of a ten part series examining the trends that will drive the mining industry in 2016.
Weak coal prices and environmentalist pressure has seen Deutsche Bank drop its coal investment team, however Morgan Stanley has reiterated its support of coal.
The third of a ten part series examining the trends that will drive the mining industry in 2016.
Despite increased positivity in the resources sector, NAB research has forecast the current downturn to continue, with more than 50,000 jobs to be lost.
Sustained growth in mining production and export levels has managed to buoy Australia’s economy, protecting it from a potential recession, new BIS Shrapnel data states.
More than a third of Australian mining companies will be cutting spending over the next 12 months, while the iron ore majors have a stable outlook for the year ahead, according to results of a new industry survey.
An insight into the steps needed to reinvigorate the junior miner sector.
Spending by the mining industry in NSW has taken a considerable blow, down almost 17 per cent, or $2.3 billion year on year.