Bardoc Gold’s new CEO, Robert Ryan, says the company is optimistic it can get into production next year
Bardoc Gold’s new CEO, Robert Ryan, says the company is optimistic it can get into production next year and avoid the pitfalls that have plagued the local gold patch in recent times (reports MiningNews).
Western Australia's Goldfields is littered with tales of collapse or underperformance, from Eastern Goldfields and Gascoyne Resources, Blackham Resources to Dacian Gold, and tiny Coolgardie Minerals (which went from listing through mining and administration within six months.
Lucapa Diamond Company boss Stephen Wetherall knew he was in the den of gold investors when he took to the stage at last week’s Resources Rising Stars conference
Lucapa Diamond Company boss Stephen Wetherall knew he was in the den of gold investors when he took to the stage at last week’s Resources Rising Stars conference on the Gold Coast (reports Barry FitzGerald on Stockhead).
So to give the punters a feel of how the high quality diamonds produced by Lucapa from its two African mines out shine gold on a value-for-weight basis, Wetherall did some conversion work for them.
He noted that the 12,500 carats of diamonds in the last two sales from Lucapa’s mines fetched $20m.
Northern Star Resources has appointed two new directors to its board (reports MiningNews).
Mary Hackett and Nick Cernotta will join the board as non-executive directors from July 1.
Hackett is a mechanical engineer and experienced oil and gas executive, having spent 17 years at Woodside Petroleum.
She was most recently vice president, Australia, New Zealand and PNG at Baker Hughes.
Cernotta is a mining engineer and former Fortescue Metals Group director of operations.
Kibaran Resources has flagged plans for a $US23 million ($33 million) graphite-processing plant at Kwinana representing another lift to the area’s growing reputation as Australia’s Lithium Valley (reports The West Australian).
The West Perth-based aspiring graphite producer yesterday announced it had secured a 4ha site for the plant 30km south of Perth as part of a broader strategy of becoming a multi-hub producer of battery-grade graphite, with similar facilities planned for Asia and Europe.
Small mining companies, as a general rule, struggle to finance and build big projects, but that might not be the case with TNG’s proposed Mount Peake vanadium development in the Northern Territory (reports Tim Treadgold on Stockhead).
With an estimated pre-production capital cost of $853m, Mount Peake looks to be a stretch for TNG with its stock market value of $101m. *
Wesfarmers says it is continuing to evaluate opportunities in line with the electric vehicle revolution (reports MiningNews).
Last month, the Perth-based conglomerate formalised the A$776 million acquisition of Kidman Resources.
Wesfarmers managing director Rob Scott told the company's strategy day today that while the lithium market remained uncertain, Kidman and SQM's cost position would ensure a strong position.
"Our expertise tells us if you can be an incredibly low-cost provider, we'll be well-positioned to generate returns," he said.
Pilbara Minerals boss Ken Brinsden says the jury is still out as to whether the company will build a downstream processing plant in WA
Pilbara Minerals boss Ken Brinsden says the jury is still out as to whether the company will build a downstream processing plant in WA as part of a proposed joint venture agreement over its Pilgangoora lithium-tantalum project near Port Hedland (reports The West Australian).
Northern Star Resources is more confident than ever that its Pogo mine in Alaska will become a 300,000 ounce per annum producer
Northern Star Resources is more confident than ever that its Pogo mine in Alaska will become a 300,000 ounce per annum producer (reports MiningNews).
The company paid A$351 million for Pogo in late September last year and has been working on integrating the asset.
A weak March quarter, where Pogo produced 36,227 ounces of gold at all-in sustaining costs of $2062 an ounce, got the market nervous.