Donald Trump’s war on free trade is not expected to cut into the WA arm of South32, which saw half-year profit more than sextuple on the back of rising commodity prices.
Adrian Rauso
South32’s leader has taken a big step forward in securing a huge bundle of shares currently worth a maximum of about $9.8 million, but the champagne will have to stay on ice for just a little bit longer.
Metals miner South32 has downgraded its forecast copper equivalent production as it hit lower-than-expected grades and a temporary outage of the molybdenum plant at its massive Sierra Gorda mine in Chile.
The Federal Government has updated its critical minerals list, including a surprise addition, and in a boon for a plethora of WA miners the Government will up its support for other battery metals.
Bill Beament’s Develop Global says its zinc-copper mine in NSW is well placed to maximise an expected upturn in commodity prices.
Danielle Le Messurier
South32 will take a $US1.3 billon hit against the value of its Hermosa project in the US, attributing the impairment to COVID-19 related disruptions, inflationary pressures and dewatering requirements.
Sean Smith and Daniel Newell
Bill Beament’s Develop Global says it has significantly de-risked its Sulphur Springs zinc-copper project in the Pilbara following an updated definitive feasibility study.
Develop Global boss Bill Beament says he feels “sorry” for underground mining rivals for successfully poaching their top talent following a big recruitment drive.
South32’s Hermosa manganese and zinc project has achieved a key approval process after it was added to a US legislation aimed at promoting faster development of clean energy assets.
Cheyanne Enciso
Climate-conscious young people should see mining as a career that puts them on the frontline of stopping climate change, according to Resources Minister Madeleine King.
Dan Jervis-Bardy
Sandfire Resources’ acting chief executive says the company is already fielding enquiries for high-grade copper from its new Motheo mine in Botswana, which is almost ready for commissioning.
Danielle Le Messurier and Daniel Newell
Perth mining director Nick Cernotta has been booted from the board of New Century Resources, as the zinc producer also copped a ‘first strike’ on executive pay at the company’s annual general meeting.
Greater investment in new mines will be needed if the world is to secure the energy transition required to meet its climate goals, according to Rio Tinto’s minerals boss Sinead Kaufman.
Stuart McKinnon
South32 boss Graham Kerr says he welcomes scrutiny of the company’s plans to expand its Worsley alumina operation because it offers an opportunity to showcase its forest rehabilitation work.
Several big-name WA mining identities have backed the $6.5 million initial public offering of battery metals play Bellavista Resources ahead of its ASX listing next week.
Bill Beament’s Develop Global has flagged a significant upgrade in the resource at its Sulphur Springs copper-zinc-silver project in the Pilbara following another batch of high-grade drilling intersections.
Shares in Bill Beament’s Develop Global have surged after the company locked in $37.2 million in a raising to help fund the acquisition of the Woodlawn zinc-copper project in New South Wales.
Bill Beament’s new listed vehicle Develop Global is understood to be set to swoop on Heron Resources’ shuttered Woodlawn zinc-copper project in New South Wales.
South32 has posted a $US1 billion first-half profit on the back of rebounding commodity prices and portfolio changes.
The operator of the mine near Yalgoo says 24 workers are in isolation on site after it detected the first case of COVID-19 on Sunday.
The operator of the mine says 10 contacts of a COVID positive case detected at the operation near Yalgoo on Sunday are in isolation but have so far tested negative to the virus.
Rising COVID-19 cases among South32’s global workforce and supply chain constraints continue to plague the WA-based diversified miner.
Daniel Newell
The miner says additional dewatering and material costs have lifted the bill for its Hermosa base metals mine to $US1.7b ($2.4b), with some analysts saying the project doesn’t stack up.
Sean Smith
Industrial metal markets are marching higher again, as production outages revive worries about global supplies of some of the key building blocks of the economy and the green-energy transition.
Mark Burton
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