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Base metals

Apr 06, 2021
Rosy outlook for Australian copper earnings

Rosy outlook for Australian copper earnings

Recent record-high prices have seen the Office of the Chief Economist revise up Australia’s expected copper export earnings by $2 billion for this financial year. Copper export earnings are forecast to reach $12 billion in 2020–21, 18 per cent higher than the previous year, as prices surge. The post-COVID global economic recovery and rising investment… ...

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Mar 31, 2021
Copper Mountain announces $US250m secured bond issue

Copper Mountain announces $US250m secured bond issue

Copper Mountain Mining has successfully priced $US250 million in senior secured bonds in the Nordic bond market as it moves towards a development decision on North-West Queensland’s Eva copper project this year. The company said the proceeds would go towards refinancing its existing debt and funding its internal growth projects at the Copper Mountain mine in… ...

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Mar 25, 2021
Rockfire starts Copper Dome helicopter surveys

Rockfire starts Copper Dome helicopter surveys

A helicopter has arrived on site for survey work at Rockfire Resources’ Copper Dome porphyry copper project in Central Queensland. The company is kicking off aeromagnetic and radiometric survey work at the site, which has the historical name of Mount Leslie. Rockfire chief executive officer David Price said the company expected the geophysical surveys to… ...

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Mar 22, 2021
QMines in strong start at Mount Chalmers

QMines in strong start at Mount Chalmers

QMines has hit the ground running at Mount Chalmers in Central Queensland, with a diamond drilling campaign underway and a reverse circulation program to kick off next month. The company lodged its prospectus last week for an IPO to raise $10 million to $20 million and aims to list on the stock exchange in April…. ...

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Mar 12, 2021
Cyclone ready to test alkaline leach processing

Cyclone ready to test alkaline leach processing

Cyclone Metals plans to use its Lady Ethleen project in North West Queensland as a demonstration deposit to advance an environmentally friendly alkaline leach processing solution. Cyclone has announced commencement of drilling at the project to obtain samples for trial leaching, saying the work was previously delayed by COVID-19 restrictions. The process to be used,… ...

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Mar 12, 2021
Minerals ‘stocktake’ confirms top-notch status

Minerals ‘stocktake’ confirms top-notch status

The latest ‘stocktake’ report on Australia’s resources wealth has reaffirmed its position as one of the world’s top producers of key critical minerals. Minister for Resources, Water and Northern Australia Keith Pitt today launched the 2020 edition of Australia’s Identified Mineral Resources (AIMR) report. Based on data up to the end of 2019, it showed… ...

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Mar 11, 2021
Thalanga survey targets copper-rich mineralisation

Thalanga survey targets copper-rich mineralisation

Red River Resources is increasing exploration activities at its Thalanga operations in North Queensland, targeting copper-rich base metal mineralisation. The program aims to increase production and/or extend mine life at Thalanga, which produces zinc, copper and leadconcentrates, with gold and silver credits. Red River has commenced a microgravity survey, targeting polymetallic and copper-rich mas...

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Mar 02, 2021
Fine for back-pay issue at FNQ mine

Fine for back-pay issue at FNQ mine

The Fair Work Ombudsman has secured $23,750 in penalties in court against the former operator of the Baal Gammon copper mine in Far North Queensland. The Federal Circuit Court has imposed a $20,000 penalty against Baal Gammon Copper and an additional $3750 penalty against company director Denis Reinhardt. The penalties were imposed in response to… ...

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Mar 01, 2021
CEI grants add grunt to project viability

CEI grants add grunt to project viability

The importance of Collaborative Exploration Initiative (CEI) grants in bringing mines online with a supportive market is being played out in North Queensland. Aeon Metals, with exploration leases throughout Queensland including in the Gulf of Carpentaria at Walford Creek and west of Mount Isa at Beauchamps, has received several CEI grants since they were introduced… ...

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