News

Saracen Mineral Holdings says its target of becoming a 400,000 ounce per annum gold producer is on track after the miner posted record quarterly gold production in the three months to the end of March (reports The West Australian).

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On April 12, 2019, Chevron announced to the world its acquisition of Houston based oil and gas firm, Anadarko Petroleum for a staggering US$33 Billion (writes Fabio Scala from Edgebold Capital in London).

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Resources analyst Dr Chris Baker, from Sydney-based equities advisory firm Bridge Street Capital Partners, says he liked what he saw at a site visit to Liontown Resources’ Kathleen Valley lithium-tantalum project in WA.

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South African vanadium hopeful Tando Resources has significantly boosted the high-grade indicated and inferred resource at its SPD project to 169Mt at 1.07% vanadium pentoxide, almost double the previous estimate, and now believes is the largest resource above 1% V2O5 in the world (reports MiningNews). Some 97Mt at 1.05% sits within 100m of surface, and that includes 68Mt at 1.05% in the indicated category. The global resource at SPD is now 612Mt at 0.78% V2O5, compared with the previous estimate of 588Mt at 0.78% V2O5.

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Australian mining companies are reluctant to invest in new capacity for fear of repeating historic mistakes, according to Deloitte Access Economics, casting doubts over a major source of business investment in 2019 (reports The Australian Financial Review). “Although profits are booming within mining, miners have been burnt before by adding too much capacity in good times, and they remain cautious about spending too much,” Deloitte partner and economist Chris Richardson said.

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Plus, smart money finding its way into gold juniors such as Gateway and Bardoc

Western Australia’s hard-rock lithium stocks have received a much-needed leg up from car giant Volkswagen as it sets about securing supplies for its almighty push into electric vehicles. The vigour with which the maker of the original people’s car all those years ago is pursuing an EV strategy (70 new EV models to be launched over the next 10 years and a quarter of all sales by 2025) has much to do with its recovery from the 2015 “dieselgate” scandal.

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Production cuts have revitalised Australian iron ore stocks, delivering bumper profits and attracting new players, including London’s super-rich property magnates, the Reuben Brothers

Production cuts have revitalised Australian iron ore stocks, delivering bumper profits and attracting new players, including London’s super-rich property magnates, the Reuben Brothers. But how long the good times can last is a critical question for investors. Few analysts are prepared to stand in the way of the surging iron ore price, which this week hit a five-year high of $US95 a tonne, driving share prices up sharply, with most hitting fresh highs.

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Lithium producer Pilbara Minerals (ASX: PLS) could be on the radar of strategic partners

Lithium producer Pilbara Minerals (ASX: PLS) could be on the radar of strategic partners such as Wesfarmers, Mineral Resources and Livent, with a “value-accretive” deal potentially crystallising in the near term, according to Sydney-based institutional broking firm Blue Ocean Equities. In a fresh note released yesterday, Blue Ocean analyst Steuart McIntyre says that given the high prices paid recently for lithium assets, he sees merit in Pilbara testing the appetite with potential strategic partners.

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4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference will be held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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