Sandfire Resources has supported its wind-down strategy for the DeGrussa copper-gold operations in Western Australia, with an ore reserve and mineral resource update.
Sandfire Resources has awarded African Mining Services (AMS) the largest operational contract its Motheo copper project has seen, at the T3 pit in Botswana.
Sandfire Resources has kept the DeGrussa operations in Western Australia on track to meet the upper end of its gold and copper production guidances for the 2021 financial year.
Auris Minerals has delayed its acquisition of Sandfire Resources’ Sams Creek gold project in New Zealand by two months due to a regulatory setback.
Sandfire Resources has welcomed rising copper prices amid its transition towards becoming an international miner.
Copper has reached its highest price on the London Metal Exchange since September 2011 after an 11th straight monthly gain.
Keep up with the latest executive movements across the mining sector, including at Rio Tinto, IGO, CIMIC Group and more.
Sandfire Resources will move forward with the commercial development of the T3 Motheo copper-silver project in Botswana, Africa after approving a $US259 million ($351 million) investment.
Sandfire Resources will secure a 19.99 per cent share of Auris once it completes the offloading the Sams Creek gold project in New Zealand.
Sandfire Resources has responded to speculation that China is considering a ban on Australian copper imports, stating that it is “not aware of the reasons for the reported potential ban”.
Copper prices have continued to rise this week to almost $US6800 per tonne ($9345) as global concerns of a lack of supply continue.
Sandfire Resources is well positioned to take advantage of recent recovery to copper prices, as they are up 35 per cent from COVID-19 lows experienced earlier in 2020.
Gold has traded above $US2000 ($2805), another record high for the precious metal, before settling just below this peak.
Sandfire Resources has continued to operate the DeGrussa mine in Western Australia at full capacity, achieving strong production and milling rates during the June quarter.
Sandfire Resources has continued to operate the DeGrussa copper-gold mine at full capacity, with production in line with previous output despite withdrawing its 2020 financial year guidance.
Sandfire Resources has continued full capacity operation at the DeGrussa mine in Western Australia during the ongoing coronavirus pandemic.
Sandfire Resources managing director Karl Simich said the first half of the 2020 financial year “marked the beginning of an exciting new growth chapter” for the company.
Minotaur Exploration and OZ Minerals’ Cloncurry Alliance has formed a joint venture (JV) with Sandfire Resources to explore a tenement group in Queensland.
Sandfire Resources has lifted a suspension of its operations at the DeGrussa copper-gold mine in Western Australia after Tropical Cyclone Damien caused flood damage.
Auris Minerals has entered into an agreement with Sandfire Resources to advance exploration at its Cashman project in the Bryah Basin, Western Australia.