Panoramic Resources has found a saviour in Western Areas as part of plans to raise up to $90 million to undertake development activities prior to re-starting the Savannah mine in Western Australia and to repay debt.
Western Areas is completing nickel production as planned, delivering nickel concentrate to local and export customers as normal as it works under new coronavirus policies and procedures.
As social conversations surround the future of mining, with focus on climate change, green batteries, electric vehicles and decarbonising operations, nickel is making a comeback.
Leaders of the resources sector and the Federal Minister for Resources, Water and Northern Australia, Keith Pitt have convened in Canberra to come up with a plan against the impact of the coronavirus outbreak.
Western Areas is tracking well towards its production guidance for the 2020 financial year, thanks to a consistent performance at the Forrestania nickel operations in Western Australia.
Western Areas has awarded offtake contracts to BHP Nickel West and Jinchuan for the high grade Forrestania nickel concentrate product.
Western Areas has resumed operations at the Forrestania nickel mine in Western Australia following a bush fire incident last week.
Western Areas has reported a threatening bush fire in the area of the Forrestania nickel operation in Western Australia.
Nickel prices have surged to the highest levels in five years amidst global supply fears stemming from Indonesia.
Western Areas has boosted its financial position in the 2019 financial year off the back of a higher nickel price and increased sales at its Forrestania operations.
Western Areas has signalled its intentions to ramp up nickel production in response to signs of “tightening supply” of the commodity.
Western Areas continues to expand its Odysseus project in Western Australia through the development of further orebodies, while completing its early works program on schedule.
Australian-based nickel sulphide producer Western Areas has reported significant improvements on the grade of ore mined and cost of production during the March 2019 quarter.
Western Areas has shown strong progress at the Odysseus project at the Cosmos nickel operations in Western Australia, with its stage two early works program kicking off with contractor Barminco on schedule.
Ausdrill has won a series of mining services contracts in Western Australia worth $171 million, including underground work with Regis Resources via last year’s acquisition, Barminco.
Western Areas’ recently approved Odysseus underground nickel project in Western Australia is on track after hitting several early-stage milestones.
Western Areas has approved the Odysseus nickel project at its Cosmos operations in Western Australia after delivering a positive definitive feasibility study (DFS).
Western Areas has reported increasing customer demand from the likes of the world’s largest stainless steel company, Tsingshan Group.
Nickel-focused producer Western Areas has entered a farm-in and joint venture (JV) with Iluka Resources over the Western Gawler exploration area in South Australia.
Nickel miner Western Areas has completed construction and commissioning of the Mill Recovery Enhancement Project (MREP) for the production of high-grade nickel sulphides.