Australia’s gold producers have capitalised on a surging price for the precious metal by delivering an all-time production record last year.
Evolution Mining has overcome a series of “unanticipated events” at its gold mines to keep production on track to reach guidance this financial year.
Red River Resources has delivered record operating performance during the December quarter at the Thalanga operations in Queensland.
Gold Fields and Gold Road Resources have increased their annual production forecast for the Gruyere gold joint venture project in Western Australia.
Gold miner Newcrest Mining has recorded falls in production at three of its mines due to maintenance programs and unplanned outages.
Pilbara Minerals has started commissioning of the concentrator at the Pilgangoora lithium-tantalum project in the Pilbara, Western Australia.
Australian gold output reached its highest mark since 1999 last year, maintaining the country’s place as the world’s second largest producer behind China, the latest data from Surbiton Associates has revealed.
Newcrest Mining has increased gold output at all but one of its operations in fourth quarter 2017, putting the company on target to hit its production guidance for the 2018 financial year.
St Barbara has lifted its gold production guidance for the 2018 financial year. The miner now expects to produce from 365,000 to 385,000 ounces (oz) of gold from the Gwalia and Simberi mines in 2017–2018.
Fortescue Metals Group has delivered another cash production costs record in the September quarter at its iron ore operations in the Pilbara.
A new IBISWorld report has listed the oil and gas industry as the country’s highest growth sector for next year.
The Wheatstone project reached another major milestone with the installation of platform topsides on their offshore gas processing plant.
Export earnings from LNG are set to tumble from earlier expectations, due to the dive in global oil prices.
Citic has been forced to writedown the value of its Sino Iron project in the Pilbara by $1.8 billion due the falling price of iron ore.
Rio Tinto has so far produced 10 per cent more iron ore this year than it did during the same period last year as an expansion of its Pilbara operations coupled with productivity gains pays off.
South Australia’s Kanmantoo mine in the Adelaide Hills is set to increase copper concentrate production, which has been forecast to rise 29.7% over the next 12 months.
Oceana Gold have proven they are the lowest cost gold producer on the ASX, with record quarterly earnings announced in their 2014 first quarterly report.
Fortescue Metals Group has announced new plans to boost production by 35 per cent over the next quarter.
Australian oil output has slumped to the lowest numbers by the barrel since 1970.
The Department of Planning has recommended approval for GlencoreXstrata’s plans to increase production at its Mangoola coal mine.