Iron-ore miner Mount Gibson has reported a solid quarter in the three months to December, with iron-ore sales remaining consistent with the previous quarter. Iron-ore sales for the December quarter reached 1.3-million tonnes, consistent with the 1.3-million tonnes sold in the September quarter, consisting of 773 000 t of direct shipping ore product and a further 649 000 t of low-grade ore.
Gold developer Emerald Resources will raise A$75-million through a share placement to fund development activities at its Okvau gold project, in Cambodia. The company would place an initial 762.1-million shares at a price of 4c each, under its existing placement capacity, to raise A$30.4-million, with a further 1.11-billion shares to be placed, subject to shareholder approval, to raise a further A$44.5-million.
Junior base and precious metals producer Red River Resources on Friday announced plans to restart gold production at its Hillgrove gold project, in New South Wales, during 2020. The company told shareholders that metallurgical testwork at the project had demonstrated the viability of treating the Bakers Creek waste dump material through the existing Hillgrove mill, with total gold recovery to saleable gold produced onsite estimated at between 75% to 80%.
A review into the Australian Domestic Gas Security Mechanism (ADGSM) has found it has helped lower domestic gas prices while contributing to more secure gas supplies for Australian consumers. “The review confirms the measures taken by the Government in 2017 have been instrumental in stabilising the domestic gas market and keeping a lid on gas prices,” federal Resources Minister Matt Canavan said on Friday. The Australian government introduced the ADGSM in 2017 to help guarantee domestic gas supplies with forecast shortages caused by growing exports and reduced production from gasfields offshore Victoria.
The Tasmanian rescue crews at the Henty gold mine have given up hope of finding the missing miner alive. The miner, employed by services provider PYBAR, has been missing since 4am on Thursday following an earth collapse at the gold mine.
Mining services provider Downer EDI has been awarded a A$600-million mining and related services contract from Stanwell Corporation at the Meandu coal mine, in Queensland. The contract will run for a period of five years and will extend Downer’s current operations at the mine, which started in 2013 and expires at the end of June this year.
Lithium miner Galaxy Resources has reported a drop in production during the December quarter, as the miner reduced mining rates at its Mt Cattlin operation, in Western Australia, in an effort to conserve mineral resource until market conditions improved. The company will scale back operations by about 60% this year.
A worker missing at the Henty gold mine, in Tasmania, was yet to be recovered, the Tasmanian police said on Thursday. The worker was reported missing early on Thursday morning after staff at the mine was unable to make contact, and an initial investigation found a section of earth collapsed.
Caterpillar dealer WesTrac on Thursday announced plans to build a technology training facility in Western Australia, focused on providing courses in autonomous operations. WesTrac noted that the center would be the only Caterpillar autonomous training facility in the world, apart from Caterpillar’s testing and training ground in Arizona.
ASX-listed energy provider Senex Energy has reported a 35% increase oil and gas production during the three months to December, with the company producing 447 000 barrels of oil equivalent. Gas production for the quarter was up 72% on the previous quarter, to 261 000 barrels of oil equivalent, on the back of the continued ramp-up of the Roma North operation, and initial production from the Atlas and Gemba field.