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Exploration

Dec 10, 2020
Evolution firms grip on potential Mount Carlton feed

Evolution firms grip on potential Mount Carlton feed

Evolution Mining has secured complete ownership of the Crush Creek project after drill results demonstrating its potential to extend the life of the nearby Mount Carlton gold operation. Evolution entered into an earn-in agreement with Basin Gold last year over the Crush Creek project, 30km south-east of the Mount Carlton mining and processing operation. Evolution… ...

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Dec 10, 2020
Hammer launches fresh North-West drilling program

Hammer launches fresh North-West drilling program

Hammer Metals is carrying out a 2200m reverse circulation drilling program in the Mount Isa region from this week for the JOGMEC joint venture. Ten holes are planned including follow-up drilling at the Shadow and Toby prospects testing zones of strong magnetic and electromagnetic anomalism. Initial drilling is planned at previously untested zones at Even… ...

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Dec 09, 2020
Stake in Rolleston coal operation up for grabs

Stake in Rolleston coal operation up for grabs

Receivers have been appointed over the 12.5 per cent stake in the Rolleston open-cut coal operations held by ICRA Rolleston. Glencore is the majority owner of the mine, 140km southeast of Emerald, with a 75 per cent share. A Glencore spokesman said today it would be a case of ‘business as usual’ at the thermal… ...

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Dec 08, 2020
Coal included in Glencore’s net zero emissions pledge

Coal included in Glencore’s net zero emissions pledge

Glencore has signposted its ambition to be a net-zero emissions company by 2050. The first steps will be managing the operational footprint followed by investing in the metals portfolio, reducing coal production and supporting deployment of low emission technologies. That’ll equal a 40 percent reduction in emissions by 2035. The package will include a future… ...

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Dec 07, 2020
Copper-zinc rich massive sulphides intersection at CQ prospect

Copper-zinc rich massive sulphides intersection at CQ prospect

Drilling at Zenith Mineral’s Snook prospect in Central Queensland has intersected copper rich sulphides. The maiden seven-hole drill program is part of the company’s Develin Creek volcanic hosted massive sulphide system (VMS) project. The Snook prospect contained similar levels of copper, zinc, lead, silver and gold to those in Zenith’s existing JORC resource inventory 30km to...

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Dec 05, 2020
Glencore CEO Ivan Glasenberg steps down

Glencore CEO Ivan Glasenberg steps down

Glencore has announced Ivan Glasenberg will retire as both CEO and as a member of the Board during the first half of 2021. He’ll be replaced by Australia-based Gary Nagle who has been heading up Glencore’s coal division. Mr Nagle will relocate from Australia to Switzerland early next year and will work with Mr Glasenberg… ...

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Dec 03, 2020
Christmas lull for Bowen Basin coal sites

Christmas lull for Bowen Basin coal sites

Peabody Energy will shut down production at two Bowen Basin coal operations for four weeks over Christmas. The company has briefed the workforce of the plan to temporarily idle production at Coppabella and Moorvale mines, and they will be able to access paid leave for the period. “Like most other Australian mining operators, Peabody has… ...

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Dec 03, 2020
Rockfire turns attention to large tonnage copper target

Rockfire turns attention to large tonnage copper target

Rockfire Resources has started a helicopter-supported aeromagnetic survey at its Copperhead porphyry copper deposit in Central Queensland. It follows a recent drilling campaign at the company’s Plateau gold project, within the Lighthouse tenement area about 50km south-east of Charters Towers. Rockfire described Copperhead as having a 2km by 3km copper-in-soil anomaly, providing a very large&...

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Dec 01, 2020
Budget backs hunt for ‘new economy’ minerals

Budget backs hunt for ‘new economy’ minerals

Queensland’s 2020-21 Budget is set to deliver more than $29 million in exploration grants, initiatives and COVID-19 support for the mining sector over the next few years.   Resources Minister Scott Stewart said the budget boost for exploration would help drive future resource projects and the thousands of jobs that would flow from them. “This year’s budget will invest… ...

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