Gold miners are enjoying a surge on the ASX this week, with the likes of Westgold Resources, Genesis Minerals and Ramelius Resources all trading higher. We take a look behind the curtain at the key factors driving this.
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MinRes’ new lithium mine to produce 300,000 tonnes per annum
Mineral Resources (MinRes) will purchase Bald Hill lithium mine in WA for $260 million, adding a third lithium-producing asset to its belt.
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Queensland’s next copper mine
True North Copper will raise $15 million to fund the restart of the Great Australia mine in Cloncurry, Queensland.
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Australia to outpace neighbours in minerals and metals production
Thanks to government support, favourable regulations, and significant exploration and growth in the battery minerals sector, Australia is expected to outperform its neighbours in the mining sector in the years to come.
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Why Greenbushes may lower production
IGO and Tianqi, which jointly own 51 per cent of the Greenbushes lithium mine in Australia, have decided to stockpile lithium in response to falling spot prices.
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Westgold Resources restarts iconic gold mine
Westgold Resources has taken the first cut at the historic Great Fingall mine, which has not seen underground mining in almost a century.
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This ASX junior just produced battery-grade manganese
Junior miner Black Canyon, which trades under the ticker ‘BCA’, has successfully produced battery-grade manganese.
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BHP scales new copper heights
BHP’s acquisition of OZ Minerals is paying dividends, with operational records falling across its new copper district in South Australia.
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Fortescue’s green era kicks off
Fortescue Metals has secured a solar energy deal to power its Gibson Island green hydrogen and ammonia project in Brisbane, Queensland.
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Good as gold results for Red 5
Red 5 produced over 55,000 ounces of gold for the September quarter, putting the company on track to meet its financial year 2024 guidance of 195,000 to 215,000 ounces.
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