South32 is reviewing the continuity of the Australian manganese alloy smelters, which could see their divestment, closure or suspension.
Stay on top of the most popular stories on Australian Mining over the past week, including another significant find at the Beta Hunt gold mine in Western Australia.
OM Holdings has recovered the body of its employee, who was buried under collapsing wall at the Bootu Creek manganese mine in the Northern Territory.
A 59-year-old man has been fatally injured following a wall collapse at OM Holdings’ (OMH) Bootu Creek manganese mine in the Northern Territory.
OM Holdings has executed a manganese joint venture (JV) agreement with Perth-based junior Bryah Resources as the latter purchases a mining lease comprising the historic Horseshoe South manganese mine in Western Australia.
South32 has increased production at its Illawarra metallurgical coal operation by 39 per cent following longwall moves at the Appin and Dendrobium collieries.
The Groote Eylandt Mining Company (GEMCO), a joint venture between South32 and Anglo American, has awarded a three-year drilling contract at the Groote Eylandt manganese mine to Boart Longyear.
South32’s production of manganese reached a record 5.5 million wet metric tonnes (Mwmt) in the 2018 financial year, a 10 per cent year-on-year increase.
The Australian Securities and Investments Commission (ASIC) has granted Atlas Iron relief regarding the deadline of its target statement in response to a $390 million takeover offer from Gina Rinehart-owned Hancock Prospecting.
South32 has released its March quarterly report, detailing extensive plans and figures from its operations, including increased manganese and aluminium production estimates and significantly lowered annual metallurgical coal production.
Jupiter Mines, known for its 49.9 per cent-owned Tshipi manganese mine in South Africa (the third-largest in the world) and its Central Yilgarn iron ore project in Western Australia, will today begin trading on the Australian Securities Exchange (ASX).
Jupiter Mines has lodged a prospectus with the Australian Securities and Investments Commission (ASIC) for its listing on the ASX.
BHP demerger South32 has just posted its half-year (HY) financial results up to December 2017, posting a 14 per cent jump in profits to $US544 million ($685 million), up from the previous half’s $US479 million ($603 million) but down 12 per cent from the same time last year.
Montezuma Mining has released a report highlighting what it calls a ‘tech metal supercycle’, the material supply of manganese for electric vehicles (EVs).
China’s Ningxia Tianyuan Manganese Industry (TMI) plans to reopen the Woodie Woodie mine in Western Australia, more than 18 months after it was closed because of low prices.
Despite performance challenges South32 believes it remains on track to achieve the 2017 financial year production guidance set at most of its operations.
The recent rally mining commodities saw are more likely to have a negative impact in the long run, according to market analysts.
South32 has announced a massive global restructuring, resulting in job cuts and major non-cash charges.
The third Australian manganese operator in two months has closed operations as the commodity price falls.
Approximately 380 workers jobs have been cut as Consolidated Minerals place the Woodie Woodie mine in care and maintenance.