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Image shows the Sandvik LH518B truck Gold Fields to trial electric vehicles at St Ives
Published: 21 Sep 21
Gold miner Gold Fields will trial new battery electric vehicles (BEV) at its St Ives operation, in Western Australia. The company has struck a deal with heavy equipment provider Sandvik, which will see the St Ives mine become the first in Australia to receive the new Sandvik LH518B 18-t BEV underground loader.
Image shows newly appointed COO Noel Pillay South32 appoints new COO for Africa and Colombia
Published: 21 Sep 21
Diversified miner South32 on Tuesday announced that COO Mike Fraser, who has accountability for the African and Colombian operations, would leave the company. Current VP of operations at Worsley Alumina, Noel Pillay, will be appointed as COO, alongside Jason Economidis, who will remain COO with accountability for operations in Australia.
Equinox announces Aurizona expansion study outcomes
Published: 21 Sep 21
Bullion miner Equinox Gold has completed a prefeasibility study (PFS) to expand its Aurizona mine, in Brazil. Incorporating the underground and satellite deposits into the mine plan will nearly double the mine life, increase production and generate about $1-billion in net cash flow at current gold prices. Announcing the outcomes of the PFS, Equinox stated that the expanded mine would produce an average of 137 000 oz/y over an 11 year mine life. Peak production between 2026 and 2029 would yield more than 160 000 oz/y.
IGO starts due diligence on Western Areas
Published: 21 Sep 21
ASX-listed Independence Group (IGO) has started the due diligence process for a potential takeover of nickel miner Western Areas. Western Areas last month confirmed that it was in preliminary discussions with IGO in relation to a change of control proposal, with IGO telling shareholders that there was no certainty that a definitive transaction would eventuate.
Okvau ramps up to full production
Published: 21 Sep 21
Operations at the Okvau gold mine, in Cambodia, are now ramping up to full production, ASX-listed Emerald Resources said, following the completion of the gold plant. Gold production since commissioning of oxide ore in June 2021 is an estimated 19 000 oz with some 23 000 oz expected to the end of the current quarter. This includes ore production for the first 15 days of September averaging 420 oz/d recovered, confirming suitability of all plant for more than 100 000 oz/y gold production.
Gold 5 completes Siana sale
Published: 21 Sep 21
Gold miner Red 5 has completed the divestment of its Siana gold project, in the Philippines, for $19-million in cash. The company in July this year struck an agreement with TVI Resource Development (TVIRD) to divest its interests in Philippine company Greenstone Resources Corporation (GRC), which holds both the Siana gold project and the Mapawa gold project in the Philippines
Shell divests of Permian assets
Published: 21 Sep 21
Oil and gas major Shell has struck a $9.5-billion agreement to sell its Permian business to ConocoPhillips, subject to regulatory approvals. Shell’s Permian business includes ownership in approximately 225 000 acres with current production of around 175 thousand barrels equivalent per day.
Image shows BHP logo on outside of a building BHP reveals taxes for 2021
Published: 21 Sep 21
Major BHP this week unveiled that it had paid $84-billion in global taxes, royalties and payments to governments over the last ten years, with $11.1-billion in payments made during the 2021 financial year. BPH reported that its total economic contribution in 2021 amounted to $40.9-billion, of which $16.5-billion was paid to suppliers, $8.7-nillion to investors, shareholders and lenders, a further $175-million in social investments and $4.4-billion in employee expenses.
Magnesium maelstrom throws up another roadblock for automakers
Published: 21 Sep 21
Widespread closures of magnesium smelters in top producer China due to a clampdown on emissions and shortages of energy have propelled prices of the metal to their highest since 2008, posing another headache for automakers. Magnesium, also widely used in the aerospace industry, is needed to make aluminium alloys for the auto sector, which is already reeling from chip shortages.
Massive uncut diamond unveiled in New York
Published: 21 Sep 21
In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1 175-ct diamond in New York City. The companies are billing the stone as the largest rough diamond to be shown in the United States, and the third-largest to be discovered. Reuters could not independently verify these claims. HB Antwerp told Reuters it has yet to decide whether the uncut diamond will be cut into polished stones.
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