Decmil secures $30m to drive growth
Decmil has signed a $20 million debt financing agreement and launched a $10 million equity placement to fortify itself as the company anticipates strong revenue from its contracts.
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Lynas reaches record rare earths sales
Lynas Rare Earths has achieved $185.9 million in sales revenue after strong demand for the company’s neodymium and praseodymium (NdPr) oxide during the June quarter of 2021.
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Tesla taps BHP for future nickel supply
BHP will supply Tesla with nickel from its Nickel West operations in Western Australia as part of a collaboration that will aim to make the battery supply chain more sustainable.
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Rio Tinto to develop Kennecott underground copper mine
Rio Tinto has approved a $US108 million ($146 million) investment to explore the prospect of underground mining at the Kennecott copper operations in the United States.
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Boddington lifts Newmont from Tanami setback
Newmont has increased gold production during the June quarter thanks in part to higher grades and throughput at the Boddington mine in Western Australia.
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Northern Star strengthens output following Saracen merger
Northern Star Resources has delivered synergies from its merger with Saracen Mineral Holdings ahead of schedule after smashing production, gold sales and cash flow targets.
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Newcrest drops Cadia costs to new low
Newcrest Mining has confirmed that a seismic event at the Cadia gold-copper mine in New South Wales this month will not impact production at the site, which continues to set cost records for the company.
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Evolution to buy Northern Star’s Kundana assets
Evolution Mining has boosted its production targets after agreeing to buy Northern Star Resources’ Kundana assets in Western Australia for $400 million.
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Red 5 eyes King of the Hills mine life increase
Red 5 has grown its underground resource at the King of the Hills gold project in Western Australia with a 19 per cent increase that could help to extend the site’s 4.5-year mine life.
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South32 prepares for higher coal operating costs
South32 is anticipating that its operating costs for metallurgical coal will be “moderately higher” for the 2021 financial year than its guidance of $US83 ($113) per tonne.
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