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Woodside completes sale of 10% Scarborough interest Woodside completes sale of 10% Scarborough interest
Published: 26 Mar 24
Oil and gas major Woodside Energy has completed the sale of a 10% nonoperating participating interest in the Scarborough joint venture (JV) to LJ Scarborough (LNG Japan). The company in August established a strategic relationship with LNG Japan that involved three elements: equity in the Scarborough JV, potential liquefied natural gas offtake and collaboration on potential opportunities in new energy.
29Metals halts operations at Capricorn 29Metals halts operations at Capricorn
Published: 26 Mar 24
Operations at the Capricorn copper mine, in Queensland, will be suspended and the headcount of the mine will be significantly reduced, ASX-listed 29Metals said on Tuesday. The decision comes as a response to an extended period rainfall spanning late January to mid-March, exacerbated by successive tropical cyclones in the region.
Many Peaks acquires advanced Cote d’Ivoire projects
Published: 26 Mar 24
Mineral exploration company Many Peaks on Tuesday revealed an agreement to acquire exploration assets belonging to Turaco Gold in Cote d’Ivoire. The announcement triggered a surge in the junior’s share price on the ASX, with stock soaring 180% to its highest level this year.
The McArthur River waste stockpile (pictured 2023) remained in tact with no incidents of landslide or collapses reported in the facility. Glencore assesses cyclone damage at McArthur River mine
Published: 26 Mar 24
After enduring the impact of a cyclone that brought unprecedented rainfall, commodities major Glencore is now initiating the process of restoring its McArthur River zinc and lead mine, in Australia, to normal operations. Operations at the Northern Territory mine were suspended on March 18 in anticipation of Cyclone Megan’s arrival, which ultimately resulted in a deluge of 274 mm of rain within a 24-hour period on March 19, surpassing a 50-year-old rainfall record set in 1974.
The Pine Cove port FireFly secures port access on Green Bay’s doorstep
Published: 26 Mar 24
Australia-based FireFly Metals has signed a port access agreement for concentrate from its Green Bay copper and gold project, in Newfoundland, Canada. The ASX-listed company, which on Tuesday also entered a trading halt pending a capital raise announcement, signed a port access agreement with Maritime Resources, under which it can export up to one-million-tonne a year from the Pine Cove deep-water port.
US announces $6bn to clean up heavy manufacturing US announces $6bn to clean up heavy manufacturing
Published: 26 Mar 24
The first new US aluminum smelter in 45 years may be built as part of about $6-billion in grants the Biden administration is awarding to companies in a bid to clean-up hard to decarbonise industries including metal, paper and glass. Century Aluminum Co., once a central beneficiary of former President Donald Trump’s trade war, is set to receive as much as $500-million in funding to build the facility, according to a statement Monday. That would double the size of the nation’s current domestic production of the energy-intensive metal while also reducing emissions by an estimated 75%.
The New Afton mine Former Newmont CEO named New Gold chair
Published: 26 Mar 24
Richard O’Brien, the former CEO of Newmont Mining, has been appointed to the board of Canadian mining company New Gold. Upon the retirement of Ian Pearce in August, O’Brien will assume the role of chairperson.
Robert Friedland chairs Ivahoe Electric Ivanhoe Electric secures 60% stake in Côte d'Ivoire nickel/copper project
Published: 25 Mar 24
US-based Ivanhoe Electric has completed its earn-in agreement, now holding a 60% interest in the Samapleu-Grata nickel and copper project in Côte d'Ivoire, having spent the required C$25-million by March 2024. The project is now a 60:40 joint venture between Ivanhoe Electric, chaired by Robert Friedland, and TSX-V-listed Sama Resources, which recently disclosed a new preliminary economic assessment (PEA) for the project.
Taseko once again owns 100% of Gibraltar mine Taseko once again owns 100% of Gibraltar mine
Published: 25 Mar 24
Toronto-listed Taseko Mines has struck a deal to buy the remaining 12.5% interest in the Gibraltar openpit copper mine, in British Columbia. Under the agreement, announced on Monday, Taseko will buy the shares that Dowa Metals and Mining and Furukawa Co own in Cariboo Copper, taking its interest in the asset to 100%.
At Harmony Gold's Eva copper project in Australia. Harmony’s Eva copper mine project in Australia granted special ‘prescribed’ status
Published: 25 Mar 24
The copper mining project that Johannesburg Stock Exchange-listed Harmony Gold is developing in Australia has been granted special ‘prescribed project’ status in recognition of its social and economic significance. Harmony, which acquired Eva in December 2022, is currently updating a feasibility study to underpin its proposed development, which is located on the traditional lands of the Kalkadoon People, 75 km north of Cloncurry and 95 km northeast of Mount Isa.
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