ASX-listed RBR Group has started training prospective workers for jobs that will become available at Mozambique’s emerging liquefied natural gas (LNG) projects (reports South Africa’s Engineering News).
As part of its strategy to assess, train and provide workers for the LNG projects, the labour and training specialist has opened a training centre in Palma, Mozambique, which is located close to the LNG construction sites.
Electric vehicles, and the wider battery revolution, is held up as a massive opportunity for nickel, tin, graphite and lithium players, and now a new report shines a light on how much copper will be needed: 250% more by 2030.
Wood Mackenzie forecasts that over 20 million EV charging points could to be deployed over the next needed, and that means the world needs to produce around 2.5 times more copper by 2030 than it will this year - and that means a lot of money needs to be spent to find and produce it.
Shares in Venturex ticked higher after the company announced a $100 million project debt facility and offtake agreement with Swiss commodity trading giant Trafigura for its Sulphur Springs copper and zinc project in the Pilbara (reports The West Australian).
Lucapa Diamond Company and its partners have generated A$8.8 million in the latest round of diamond sales from the Lulo alluvial operation in Angola and the Mothae kimberlite mine in Lesotho, taking total sales for the year to date just above $50 million (reports MiningNews)
Lulo sales totalled $6.3 million from a run of mine parcel of 3558 carats for an average of $1768/ct.
Total Lulo sales of 9582ct generated $37.4 million at an average price of $3899/ct in 2019.
Lucapa is 40% owner and operator of the mine.
Calidus Resources is another of the next wave of Australian gold developers being cautious with its project assessments given the “speed wobbles” seen of late in the sector (reports MiningNews).
peaking at Diggers & Dealers, Calidus MD Dave Reeves said the company had been "very conservative" on the grade estimate for the Warrawoona gold project near Marble Bar, with his presentation pointing to dilution and ore loss assumptions that "de-risk project economics".
Mincor Resources has signed a long-term agreement with mining giant BHP to supply nickel concentrate (reports The West Australian).
BHP’s Nickel West division will process up to 600,000 tonnes a year of nickel sulphide at its Kalgoorlie smelter out to 2025 once Mincor has restarted its operations in December.
Sipa Resources (ASX: SRI) is staking its claim as one of the explorers best positioned for discovery success in Western Australia’s white-hot Paterson copper province (reports Stockhead).
The Perth-based junior was a first-mover in the Paterson district, throwing down well before all the recent hype surrounding Rio Tinto’s much-vaunted Winu copper-gold discovery.
It’s now one of the only companies outside of Rio Tinto with granted tenements and exploration programs under way, with its western tenement boundary sitting just 10km from the site of the Winu find.
Northern Star Resources executive chairman Bill Beament believes the gold market is “going to start popping”
Northern Star Resources executive chairman Bill Beament believes the gold market is “going to start popping” (reports MiningNews).
Beament addressed the company's annual pre-Diggers & Dealers strategy day on Saturday just as Australian dollar spot gold hit an all-time high of A$2129 an ounce.
He said Northern Star had seen this coming about a year ago and acquired the Pogo mine in Alaska when the gold price was about US$300 an ounce lower in US dollar terms.
"This is not luck - we saw this coming," Beament said.