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Australia's Atlas Iron names ex-Hancock executive CEO in board overhaul
Published: 15 Oct 18
Australian Atlas Iron on Monday named Sanjiv Manchanda as chief executive in a board overhaul, replacing Cliff Lawrenson amid an acquisition by billionaire Gina Rinehart's Hancock Prospecting. Manchanda has earlier served as Head of Project Development for Hancock Prospecting.
NAIF takes a closer look at Sconi
Published: 15 Oct 18
The Sconi cobalt/nickel/scandium project, in Queensland, will come under the microscope after the Northern Australia Infrastructure Facility (NAIF) board indicated it would move to investigate the potential to provide support for the project. The NAIF provides access for up to A$5-billion of finance, which could be on concessional terms to support infrastructure development that generates public benefit for northern Australia.
Kazatomprom may sell 25% stake in London/Astana float Kazatomprom may sell 25% stake in London/Astana float
Published: 15 Oct 18
Kazakhstan's Kazatomprom, the world's biggest uranium producer, said it plans to float up to a 25% stake in an initial public offering (IPO) in London and Astana, but did not confirm whether the listing was still on track for this year. The global market for IPOs has been hit by recent turmoil in financial markets, prompting a number of companies to put listing plans on hold.
Azure has received strong interest in Mexico zinc project
Published: 15 Oct 18
The Oposura zinc/lead/silver project, in Mexico, would cost some A$69.9-million to develop, a scoping study has revealed. ASX-listed Azure Minerals on Monday revealed that the project could produce 19 000 t/y of zinc, 10 000 t/y of lead and 145 000 oz/y of silver, over an initial mine life of 5.3 years.
Stonewall reveals South Africa gold project numbers
Published: 15 Oct 18
A scoping study into the Theta Hill opencut gold project, in South Africa, has shown that the project could support a production of 67 000 oz/y over a near eight-year mine life. ASX-listed Stonewall Resources said that the scoping study was based on a Joint Ore Reserves Committee compliant resource of 4.48-million tonnes, grading 4.14 g/t gold for 600 000 oz of contained gold.
No digital migration funds have been wasted – Mokonyane
Published: 15 Oct 18
The Department of Communications (DoC) will continue to have the remaining set-top boxes (STBs) it has already procured distributed ahead of the implementation of the new broadcasting digital migration model in March next year. None of the R10-billion in expenditure or procurements undertaken to date will go to waste nor had it all been spent solely on the decoders, the DoC said, noting that the Universal Service and Access Agency of South Africa (Usaasa) and the South African Post Office (Sapo) will continue with the distribution of the remaining STBs using the old model until decoder depletion.
Highfield ups capital cost estimate for Spain potash project
Published: 15 Oct 18
An optimised feasibility study into the Muga potash project, in Spain, has increased the project capital cost requirements, ASX-listed Highfield Resources reported on Monday. A 2015 definitive feasibility study estimated a capital investment of $256-million would be required to deliver 1.12-million tonnes a year of granular potash over 24 years.
Thiess wins A$1.2bn mining contract
Published: 15 Oct 18
Mining major BHP has awarded project house Cimic’s global mining services provider, Thiess, with a A$1.2-billion contract at the Mt Arthur coal operation, in the Hunter Valley. The new five-year contract builds on Thiess’ existing agreement, and expands the scope of the contract to include additional services such as mine operator of the southern end of the Mt Arthur operations.
Mining at Gruyere to start in November
Published: 15 Oct 18
The Gruyere gold project, in Western Australia, remains on schedule to produce its first gold in the June quarter of next year. Joint venture (JV) partners Gold Road Resources and Gold Fields on Monday revealed that the overall project engineering was about 96% complete at the end of the September quarter, while project construction was 71% complete.
Glencore’s Hail Creek restructuring hits 400 jobs Glencore’s Hail Creek restructuring hits 400 jobs
Published: 15 Oct 18
Diversified miner Glencore has announced plans to ‘reconfigure’ its Hail Creek coal mine, in Queensland, resulting in nearly 400 job losses. The miner announced that the two-dragline operation would be reconfigured into a truck-and-shovel mine, with a seven-day on, seven-day off roster. The restructure would decrease the workforce from the current 1 360 to 930 by the time the changes are fully implemented in the second half of 2019.
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