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Re: #Official Mining Thread

Posted: Sun Jun 07, 2009 10:03 am
by mattblack
frank1 wrote:If BHP have to pay for the entire plant they will probably give the state gov less revenue when the expansion is up and running.

All it means is that water from the desal wont be supplying drinkable water to communities up there which was the proposal. BHP were always going to foot the bill for the plant, the gov was going to foot the bill for the extra filtration units required to make the water drinkable and expansion of the facility if required due to the expansion of the population up there in the coming years.

Re: #Official Mining Thread

Posted: Fri Jun 12, 2009 11:26 am
by UrbanSG
Oz have reduced their office in Melbourne from 4 floors to 1 floor recently to reduce their size. Even though they wouldn't require much office space it would still be good to have their headquaters here eventually as they hopefully expand once again.
OZ to crank up Prominent Hill project
CHRISTOPHER RUSSELL and FELICITY WILLIAMS
June 12, 2009 10:30am

OPERATIONS at the Prominent Hill copper and gold mine will recommence now that OZ Minerals is flush with cash instead of burdened with debt.

OZ Minerals chairman Barry Cusack said at yesterday's meeting that exploration at Prominent Hill - suspended as part of cost cutting despite promising results up to November last year - would be revived.

"At the first available opportunity, drilling of the deposit will be reactivated to further expand the deposit, the limits of which remain open to the east, west and at depth,'' he said.

"To determine the next phase of Prominent Hill development, studies are currently being undertaken to investigate the viability of developing an underground mine immediately beneath and to the east and west of the Prominent Hill open pit - where significant undeveloped resources lie.''

State Mineral Resources Development Minister Paul Holloway welcomed OZ Minerals' future being secured.

"Now that shareholders have approved this deal, Prominent Hill will become the major asset held by OZ Minerals,'' he said.

"The Government will continue to strongly encourage the management of OZ Minerals to consider relocating their headquarters to SA to reflect the company's sharpened focus on this major mining asset within our state.''

The deal with Minmetals provides OZ Minerals with enough money to repay it debts and still have surplus cash.

Mr Cusack left open the possibility of paying dividends to shareholders or the pursuit of new partnerships with other miners.

OZ Minerals is also vulnerable to other predators, although potential buyers are likely to be restricted to cashed-up local players such as Newcrest or BHP Billiton, whose Olympic Dam is near Prominent Hill.

Re: #Official Mining Thread

Posted: Fri Jun 26, 2009 2:40 pm
by UrbanSG
From Adelaidenow:
Uranium estimate at SA project doubled
CAMERON ENGLAND
June 26, 2009 10:15am

ALLIANCE Resources has almost doubled the estimated amount of uranium at its Four Mile project in the northern Flinders Ranges.

The company, which has a 25 per cent interest in the Four Mile mining project expected to begin in January next year, yesterday increased its uranium resource estimate from 32 million to 61 million pounds.

The company's shares jumped 10.4 per cent on the news, up 6.5c to 69c.

The increase comes from the inclusion of the Four Mile East deposit, in addition to the 32 million pounds of uranium oxide at the Four Mile West deposit.

Alliance managing director Patrick Mutz said the grades found at Four Mile East, at an average 0.31 per cent, were better than expected.

"The combined grades from Four Mile East and Four Mile West have the potential to make the Four Mile uranium project the highest grade operating uranium mine in Australia and, as we move towards first production, the highest grade and largest in situ leach operation in the world, with likely favourable effects on project economics,'' he said.

The company said an updated and expanded mineral resource estimate was also being prepared for the Four Mile West deposit.

There was also ``significant potential for further expansion of the resource base with additional drilling''.

Re: #Official Mining Thread

Posted: Tue Jul 14, 2009 4:38 pm
by Norman
AdelaideNow wrote:Peter Garrett approves Four Mile uranium mine near Beverley
THE Federal Government has approved the Four Mile uranium mine in South Australia.

Federal Environment Minister and former anti-nuclear campaigner Peter Garrett said today the approval was a difficult decision.

"I have not taken this decision lightly ... this mine was subject to a comprehensive, scientifically robust and transparent assessment process, Mr Garrett said.

"Following this thorough assessment and careful consideration, I am certain this operation poses no credible risk to the environment.''

Quasar Resources owns 75 per cent of the Four Mile project, with Alliance Resources holding a 25 per cent stake in the mine, near the existing Beverley uranium mine in SA's north.

Mr Garrett said the Four Mine proposal was subject of two independent reviews.

"Both reviews concluded the mining operation could go ahead without any significant lasting impact on the identified environmental values of the area and that the proposal represents world best practice in uranium mining,'' he said.

The minister said the mine's owners would have to demonstrate environmental outcomes were being met under a stringent monitoring regime.

"These strict monitoring requirements will remain in place well after the mine ceases its operation in order to ensure the long term protection of the environment,'' he said.

Re: #Official Mining Thread

Posted: Fri Jul 17, 2009 4:35 pm
by skyliner
From the AFR 16/7/09 P17 (one of three articles on this in the edition)

URANIUM MINERS APPLAUDE APPROVAL

Federal environment minister Peter Garrett's approval of Auatralia's fourth uranium mine has reignited interest in local uranuim mining sector, as the regulatory barriers to entry start to fall.

The Four Mile mine near Beverley isn SA is the first new uranium mine to be approved in Australia for many years and is seen as a positive milestone for those planning to bring local projects to fruition.

" It is tangible proof that there is a renaissance in uranium mining in Australia,' Energy Metals executive director Lindsay Dudfield told the AFR.

It gives investors, particularly overseas investors more confidence that projects will be developed, as long as they are in the jurisdictions of SA, WA and the NT.

Energy Metals and Paladin are part of the next wave of mine proposals with their Bigrlyi uranuim joint venture in the NT.

Both companies have had share price rallies up to 10% in the past two days, despite a softening of the spot uranuim price.

Alliance resources, which is the ASX listed minority partner in 4 mile, has seen it's share price soar by 40% since the approval of the mine was announced on Tuesday.

'It is good news and means that things are moving along, which is great,'Pepi Ninichairman Norman Kennedy said.

" It is encouraging because it gives more certainty that other projecxts will get up.'

Mr Kennedy, whose company plans to start the Crocker Well mine in SA at the end of 2010, doubts there will be an immediate rush of new mines following the approval of 4 mile, because it takes several years for new deposits to be identified and pass the compliance processes.

A rush is however, relative and analysts are expecting there to be 3 or 4 more new uranium mines in Australia over the next few years than there have been in the past decade.

BHP Billiton is going through the regulatory approvals process for it's Yeelittie mine in WA and the expansion of it's copper/gold/uranium mine in SA.

Canada's Uranium One is pushing through the red tape for it's Honeymoon Well mine in SA, Mega Uranium is developing it's Lake Maitland project and Cameco is progressing on it's Kintoe site in WA.

The article continued on other info from here.....

SA - STATE ON THE MOVE

Re: #Official Mining Thread

Posted: Tue Jul 21, 2009 4:11 pm
by UrbanSG
From ABC Adelaide website today:
China's third-largest steel group is to invest $186 million in iron ore projects in South Australia.

An agreement has been signed between Wuhan Iron and Steel and Adelaide-based Centrex Metals and is subject to government approval.

The joint venture is expected to lead to development of two iron ore mines over the next seven years, near Port Lincoln on Eyre Peninsula.

Centrex Metals says the deal is significant because tensions in the global iron ore market are straining negotiations.

Re: #Official Mining Thread

Posted: Thu Jul 23, 2009 6:12 pm
by Wayno
Nuclear Power in Australia

Doubt it will be raised in time for next years SA state election, but the topic of nuclear power reactors in australia seems to be popping up again.

Last i heard of it was back in 2006 by Peter Costello (news article on S-A website ==> http://sensational-adelaide.com/index.p ... view&id=60)

The latest is from Rio Tinto who recently took a jab at Rudd for his 'absolutely no nuclear in australia' stance. Obviously Rio has it's own interests at heart, but a nuclear industry in australia seems inevitable - and makes sense on so many levels (that's my personal opinion).

Storage of waste in far north SA (or the NT) should seriously be considered as well *ducks for cover*. No matter what the nay-sayers tell us, storage is safe and radiation levels of stored material is very low (blatant use of self-reference as evidence==> http://www.sensational-adelaide.com/for ... 615#p61126)

Personally, i think australia's next reactor (yes we already have one) should be built at Pt Augusta or Pt Pirie and be used to supply our ever growing suite of mines with their huge energy demands, not to mention provide clean energy to many other commercial/residential areas of SA.

I actually doubt there would be much community objection. I also seem to remember both Pt Augusta or Pt Pirie putting up their hands to host a reactor back in 2006 - obviously a tremendous jobs boost for the region.

Thoughts?

Re: #Official Mining Thread

Posted: Fri Jul 24, 2009 1:20 pm
by UrbanSG
From the Mineweb website:
No decisions yet on huge BHP Olympic Dam expansion project - or Yeelirrie uranium

BHP's head of its uranium division gave an update on the huge planned Olympic Dam expansion, which could make it the world's largest uranium mine, and on its Yeelirrie uranium project in WA

Author: Ross Louthean
Thursday , 23 Jul 2009

FREMANTLE, Western Australia -

The head of BHP Billiton's new uranium division, Deane Dalla Valle, told the Australian Uranium Conference in Fremantle today that relevant studies for expansion of the giant Olympic Dam copper-uranium-gold mine in northern South Australia should be available to the board by mid 2010.

The guessing game of what it would cost BHP Billiton to undertake the major expansion at Olympic Dam will remain because Deane Dalla Valle did not offer questioning reporters any solace on this mystery - pointing out that the company was not into speculating.

It certainly has been a speculation ever since the mining giant announced it would consider transforming Australia's largest underground mine - now 800 metres deep - into an open pit, a project made daunting purely because the orebody is under about 300m of sterile cover.

Figures given to this writer have been a cost as high as $A9 billion ($US7.37 B) as the inflationary costs of mining, procuring machinery and equipment and professional staff were a headache until the market meltdown late in 2008. Sanity has been returning to all forms of costs and this may have deflated some of the speculation on bottom-line costs for Olympic Dam. BHP is no doubt encouraged by the consensus for near term metal prices for copper, gold and uranium.

Media speculation this February cast doubts on BHP proceeding with the expansion after the surprise departure of then Olympic Dam expansion chief Graeme Hunt, who months earlier told this writer at another uranium conference that expansion of Olympic Dam was inevitable.

Dalla Valle, who has been helping run Olympic Dam, took charge of the new Uranium Australia division of BHP, which is headquartered in Adelaide. Apart from administering Olympic Dam, this division is also responsible for the blueprint to develop the Yeelirrie uranium project in Western Australia. Both Olympic Dam and Yeelirrie went into the BHP fold through the 2005 takeover of WMC Resources.

He told reporters that if and when a decision is made to proceed with the expansion it would be several years before increased production would be achieved.

Public viewing of the Environmental Impact Statement for the Olympic Dam expansion would conclude on August 7, and the company has had several public recently to outline the project in centres to be impacted - including Roxby Downs and Port Augusta in South Australia and Alice Springs and Darwin in the Northern Territory.

Olympic Dam currently mines 12 million tonnes per annum of ore for 235,000 tonnes of refined copper, 4,500t of U308, 100,000 ounces of gold and 800,000 oz silver. The expansion would lift annual production to 72 Mt for 750,000t of copper, 19,000t U308, 700,000 oz gold and 2.1 M oz silver.

Dalla Valle told MineWeb that not all metals would be shipped from Roxby Downs in refined form. It was projected that there would be 1.8 Mt going out in concentrate form.

He said while China was a big market that the company wanted to woo for uranium there were as yet no set deals to announce.

The Yeelirrie uranium project, discovered by WMC, was progressed more than two decades ago to the launching pad, only to be hamstrung by restrictive Federal policies restricting the number of Australian uranium mines and also by a languishing uranium price.

Yeelirrie was put back into blueprint after the Colin Barnett Liberal Government in Western Australia threw out the bans imposed by the previous Labour State Government.

While WMC had parked Yeelirrie close to the road to mining, Dalla Valle told MineWeb that technology has changed a lot in recent years and that included the technology introduced by Paladin Energy at its Langer Heinrich mine in Namibia that is treating a calcrete ore that is similar to Yeelirrie.

He told reporters that BHP was not in any race to be the first to build an uranium mine in Western Australia. The first step would be to establish a JORC Code reserve from new drilling and studies.

(The conference yesterday and today had two companies pointing out they would be commissioning a mine in WA within the next three years - including Toro Energy (ASX: TOE) with its Wiluna projects and Mega Uranium (TSX: MGA) with its Lake Maitland project. Adding to this South Australian Mines Minister Paul Holloway said that Uranium One and Mitsubishi group planned to commission the Honeymoon project in SA's north east next year. If so, that projected 400t U308 per annum project costing $A80 M ($US65.52 M) would pip the nearby Four Mile project in the race to become Australia's fourth uranium cab off the rank.)

Re: #Official Mining Thread

Posted: Sat Jul 25, 2009 9:23 am
by Wayno
Farmers vs Miners

I agree with the farmers federation here. Agricultural land (and simple countryside aesthetics) are more important than mines in our immediate backyard. SA is a HUGE place and there's plenty of opportunity for mines far away from the adelaide plains/hills.

from adelaideNow:
MINING exclusion zones must be put in place to protect prime agricultural land and secure future food supplies, the state's peak farming group warns.

SA Farmers Federation chief Carol Vincent believes an exploration and mining-free zone, covering the Barossa Valley, Mallala, Roseworthy, Adelaide Hills, Fleurieu Peninsula and the South-East should be considered.

She has called for the abolition of the Mining Act, which puts farming and mining at loggerheads.

"We must ensure mining exploration leases don't have the capacity fundamentally to erode the ability of prime agricultural land to address food security," Ms Vincent said yesterday at a Rural Media SA lunch.

"We need a zone around the best agricultural producing land with close access to markets."

Ms Vincent said her group wanted to work with government and the mining industry to revisit how legislation governed mining on farming land.

"We'd like to throw the Mining Act out and start again, including triple bottom-line issues, climate change, world food security and the value of those farmlands," she said.

"That would be a win-win for agriculture and mining, whereas at the moment the two industries are set up against each other. The world is changing rapidly with food security an increasingly urgent issue."

State Government representatives admit changes to the Act should be considered.

Rural Solutions SA senior facilitation and communications consultant Merri Tothill said the Act had been developed in 1971 when conditions were significantly different.

The issue follows a long-running dispute on the Liverpool Plains in northern NSW where miners are trying to remove farmers from land held by their families for generations.

Ms Vincent said the existing system where the Crown owned all minerals and miners were free to explore and mine, eroded the basic principles of the right to farm.

"What we export from Australia feeds 60 million people and one in six of all jobs across the economy hinge on agricultural production," she said.

Re: #Official Mining Thread

Posted: Sat Jul 25, 2009 11:18 am
by skyliner
Agreed. They are having a problem with BHP (mining for coal) on/near the Liverpool plains (NSW) now on this very thing. Farmers saying water availability and quality would be badly affected. Not resolved yet.

SA - STATE ON THE MOVE

Re: #Official Mining Thread

Posted: Sat Jul 25, 2009 12:59 pm
by Wayno
Nuclear Power Debate Revving Up...

Well, having just posted on this topic a couple of days ago, was heartened to see a nuclear spread in the Weekend Austalian today. All good discussion in my opinion:

http://www.theaustralian.news.com.au/st ... 37,00.html
Power Vacuum

THE year is 2030 and the picture from space is clear: a robust strip of development that has become known as the Brisbane-Sydney corridor stretches from the northern reaches of Queensland's Sunshine Coast down to the southern Illawarra in NSW.

In the two decades since 2010, burgeoning regional cities such as the Gold Coast, Coffs Harbour, Port Macquarie, Newcastle and Wollongong have blended into the expanding boundaries of Sydney and Brisbane to create an almost continuous 1000km coastal sliver where many of Australia's now 30 million people live, work and play.

Farther south around Melbourne, the Victorian mortgage belts have continued to leach unabated into the bush, a suburban creep familiar in Adelaide, too.

Across in the west, after yet another five-year mining boom, three million people call themselves Perth residents, while north to the Northern Territory -- long considered nothing more than a charming outback holiday destination -- Darwin has morphed into a strategic stronghold, Asia-savvy and home to Australia's military and border security operations.

The demands on infrastructure remain extraordinary. State and territory governments struggle to keep up with the need of a mobile, sophisticated society whose high disposable incomes lead to rising consumption of services, goods and housing.

And, of course, energy.

While population projections are rarely pinpoint accurate, one thing is certain: Australia's energy needs will become dramatic and urgent as we head towards 2030. By then we'll be using more than 30 per cent more energy than we do now. So what will be our primary energy source in an era when many worry about carbon fuel and global warming?

On Thursday, federal Resources and Energy Minister Martin Ferguson flew to Perth to witness the signing of an agreement between Canada's Mega Uranium and a Japanese-backed consortium that aims to kick-start a uranium mine at Lake Maitland, 1000km northwest of Perth. BHP hopes to open Yeelirrie, about 100km west of Lake Maitland, with the backing of West Australian Premier Colin Barnett, who overturned Labor predecessor Alan Carpenter's strong opposition to uranium mining within months of winning office last year.

Also on Thursday, BHP said it would step up uranium exports to China from its Olympic Dam operation in South Australia, a copper, gold and silver mine that produces uranium as a by-product.

Although federal Environment Minister Peter Garrett's much publicised approval of expansion plans for the country's smallest mine, at Beverley in SA, has caused some derision, it signals that, regardless of pastpolitical biases, it's all systems go for uranium mining and exploration.

The 10,000 tonnes of uranium oxide we export each year, enriched in nuclear converters and processing plants in the US, Britain, Russia and Japan, heads to the 450 reactors worldwide.

Demand is strong from France, which gleans more than 70 per cent of its domestic electricity from nuclear energy, the US (19 per cent), South Korea (35 per cent), Finland (29 per cent), Sweden (46 per cent) and Britain and Canada (both 15 per cent). The debate over uranium mining has been fought and won. Australia has one of the world's largest deposits of uranium and the expertise to safely mine it. That said, mining is a dangerous business. Five workers have died at BHP iron ore sites in the Pilbara in the past year.

But the use of nuclear power as a domestic energy source is very much another issue.

In these green-aware times, the Rudd Labor government remains careful to be seen to encourage all aspects of clean energy, such as tidal and wave power and wind and solar, but just can't bring itself, publicly at least, to consider nuclear energy. The political realities dictate that gas and, in particular, coal remain our primary sources of electricity.

This week Rio Tinto urged Kevin Rudd to consider the nuclear option, which sparked the federal Coalition opposition to call for uranium to be used to generate domestic electricity. All this activity has given the nuclear industry a sniff of what might be.

Former Telstra boss Ziggy Switkowski, a nuclear physicist whose 2006 report for the Howard government on the possibilities of nuclear energy recalibrated official thinking on the issue, this week outlined another vision for discussion: the creation of "non-threatening" mini-reactors in remote parts of the country that could power desalination plants, smelters or mining towns up to 100,000 people. This would allow concerned Australians to watch the experiment, then consider whether nuclear energy was a cleaner, more cost-efficient and, most important, safer alternative.

Switkowski, chairman of the Australian Nuclear Science and Technology Organisation, believes public opinion is shifting as more people focus on the environment. While acknowledging that many people are still gun-shy after the horrors of the Chernobyl disaster in the former Soviet Union, his antennae are detecting a softening of a once very hardened attitude against nuclear energy.

Australians generally supported nuclear energy as a viable alternative to coal but were less enthusiastic about embracing nuclear reactors, he told a Perth conference on Wednesday.

"We need to have a debate about the facts, we need to have an agreed national strategy about greenhouse gas reductions, we need to create a regulatory regime to oversee the nuclear power industry and we need to have bipartisan (political) support," he said.

But even putting aside the politics of such a monumental decision to introduce nuclear energy, the hurdles are high and many over a very long road.

Costs, reliability, efficiency compared with coal and the greener natural gas, location of reactors, their safe and secure operation, the enrichment process of uranium oxide to U235 fuel and the vexed question of disposing high-level waste in the form of spent fuel rods -- which can be radioactive for millennia -- are some of many concerns.

According to research done by the University of Wollongong with the University of Chicago, figures show that coal remains the cheapest source of electricity, closely followed by nuclear, then wind, gas, tidal, geothermal and solar. The equation used by scientists is dollar divided by kilowatts used over an hour.

But there are plenty of variables when it comes to comparing coal with nuclear, such as the availability of fuel, capital costs of building the plants and reactors, insurance costs (which are much higher for nuclear reactors), operating and maintenance, government taxes and the fuel needed to operate the plant or reactor: the coal, the gas, the uranium. Location is also a factor. We've got plenty of space to build reactors, but with isolation comes big monetary costs associated with transmission of the energy created, the transportation of the water to create the steam that powers the turbines, and the movement and proper working conditions of those who will operate them.

Those costs obviously have not been factored into any potential penalties that may arise when world leaders sit down in Copenhagen in December to consider various emissions targets and carbon trading schemes.

Some experts argue that evolving technologies, such as so-called clean coal and carbon sequestration, may well cancel out various advantages one form of energy generation may enjoy over the other, but the nuclear industry continues to trumpet its safety record since Chernobyl and Three Mile Island in the US.

It also argues that regardless of technological advances, burning fossil fuels will never come close to the low-level emissions achieved through the nuclear option. In this politically aware electorate, that is a very big plus.

The nuclear power industry also points to the new generation of reactors, such as the "breeders" being considered across the US and throughout the EU, which can create more fissile material -- material that creates energy through chain reactions -- than it consumes. This dramatically cuts what goes into the reactor and what comes out.

The coal industry is fighting back, claiming that developments and efficiencies have ensured that carbon capture and storage is a safe, green and long-term alternative to nuclear power.

It needs to do something. NSW and Victoria remain the leading polluters through coal-fired power stations in the Hunter and Latrobe valleys, which spew out more than 120 million tonnes of greenhouse gases every year. Those in Queensland, including Stanwell, Gladstone and Swanbank, produce about 40 million tonnes while Western Australia and SA emit about 15 million tonnes.

That said, the Australian coal industry is a leading employer along the eastern seaboard and it also happens to be heavily unionised; not a good dog to kick, particularly if you happen to be a Labor administration on both state and federal levels.

Despite the uncertainties facing the coal industry, it can take some comfort that any gains by the nuclear power industry will be punctuated by one pivotal question above any other: What to do with the waste, which can still be radioactive well into the next millennium? This is, and always has been, the nuclear industry's achilles heel.

There is one repository for the small amount of low-level waste at the country's only research reactor, Sydney's Lucas Heights. ANSTO wants Garrett to expand its capacity as it waits for the Rudd government to consider a central commonwealth waste dump. Three sites near Katherine and Alice Springs were identified by the Howard government. A decision of some sort is expected by 2011.

Overseas, the Swedish government, which relies heavily on nuclear energy, has decided to create a dump more than 500m down into a layer of bedrock near Oesthammar, 200km north of Stockholm. The highly radioactive waste is expected to stay there for the next 100,000 years.

But in the US the issue has become a serious social and environmental problem. President Barack Obama has decided that Nevada's Yucca Mountain, targeted more than 22 years ago as the country's primary nuclear waste dump, is off the drawing board. He has withdrawn budget funding for the site -- violently opposed by locals and politicians for two decades and aggressively fought through the US courts -- and has asked Americans for a serious debate on the alternatives to solve the country's nuclear waste problems.

This would be the defining issue of any public acceptance of nuclear energy in Australia.

Jorg Imberger, from the University of Western Australia's Centre for Water Research and WA's Scientist of the Year last year, believes the start-up costs of a nuclear reactor would be 20 per cent more expensive than a new coal-fired station that produces more than 1000 megawatts of power, but that's not taking into account any carbon penalty post-Copenhagen.

While a strong supporter of geothermal power and other renewable options, he believes they are not technologically ready or commercially viable to be introduced as alternatives to our traditional energy sources. Nuclear energy is.

According to Imberger's calculations, if WA went nuclear, the small amount of high-level radioactive waste -- after 1000 years it would be less than 14 Olympic swimming pools 2.5m deep -- could be easily accommodated in stable, remote geological sites across the state. He believes the next generation of power plants are producing less waste and risk. And he says that, by 2030, fusion, the same process as the sun's heat and which creates no waste -- will be used in the generation of energy.

With the issue of uranium mining in Australia dead and buried, so to speak, the next phase of the debate about our nuclear future is about to begin. And Copenhagen will be the starter's gun.

Re: #Official Mining Thread

Posted: Sat Jul 25, 2009 5:36 pm
by Wayno
Fingers crossed...

Locating another ODX size mine is top priority for a few exploration companies, including this one...
Metallica explores ‘Olympic Dam-type targets

Queensland-based Metallica Minerals has entered into a joint-venture with Salisbury Resources to explore the potential of three tenements in South Australia.

According to the company, the Toby, Lake Torrens and Merna Mora tenements are attractive, "Olympic Dam-type targets," meaning they may contain deposits of iron oxide, copper, uranium and gold.

Metallica Minerals will inject an initial $300,000 into the assessments as part of a cornerstone seed capital investment in the Adelaide-based explorer.

The company has also made a $100,000 cash investment to obtain a 6% interest in Salisbury, should its planned initial public offer and Australian Securities Exchange listing go ahead later this year.

According to Metallica managing director Andrew Gillies, entering into South Australia was an attractive move, despite any exploration risks.

"The region is home to large-scale copper-gold and uranium mining operations and high quality mineral discoveries," he said.

"It also hosts sufficient infrastructure and is backed by pro-mining industry and government support which will enable any economic discoveries to be commercialised within reasonable timeframes."

Re: #Official Mining Thread

Posted: Wed Jul 29, 2009 4:45 pm
by rhino
Marmota to spend $400,000 on Monax' Yorke Peninsula project
VALERINA CHANGARATHIL
July 29, 2009 12:15pm


SA EXPLORER Marmota Energy will spend $400,000 over two years on exploring tenements on the Yorke Peninsula as part of a joint venture deal with Monax Mining.
The partners will explore for iron oxide copper-gold uranium (IOCGU) deposits on two tenements, called the Melton project, covering the northern extension of the Pine Point Fault.
"The new joint venture will enable both companies to rapidly advance this exciting project,'' Marmota Energy managing director Dom Calandro said.
"The Melton joint venture is in line with Marmota's corporate strategy of creating shareholder value and reducing exploration risk by acquiring projects with a high discovery potential or a known resource with significant expansion potential,'' he said.
The region hosts the historical deposits of the Moonta-Wallaroo copper-gold district and is considered prospective for the discovery of new deposits of copper, gold and uranium.
Marmota Energy, which is working with Monax on other exploration projects, will acquire detailed geophysical data across the tenements in the next three to six months to better define anomalies and identify targets intended for drill testing.


Be interesting to hear what the Yorke Peninsula farmers think about this one.

Re: #Official Mining Thread

Posted: Fri Jul 31, 2009 8:50 am
by Wayno
Hop on for a virtual ride

A good example of local innovation. Visit the url to view the video. Mining site truck drivers typically get a decent income (circa $80k-100k). There's quite a few female drivers as well...

http://www.news.com.au/adelaidenow/stor ... 55,00.html
A NEWLY formed Adelaide company will establish a truck driver training centre at Dry Creek to help ready South Australians for mining work.

Mining Sims Australia has bought a $1 million mining truck simulator from Perth-based Immersive Technologies for the training course, which will be the first of its kind in Australia.

The simulators are used for driver training at several mine sites in Australia, including at Prominent Hill in northern SA, but Mining Sims says it is the first company to offer the simulation course to the public.

Company directors Alan Read and Les Hughes said demand for truck drivers in the resource sector was returning, and the course would give potential workers an advantage when applying for positions.

``The downturn is a good time to be offering something like this as workers are looking to get new skills and change jobs, so we think the timing is good,'' Mr Read said.

The simulator mimics the visual, auditory and sensory experience of driving a 240-tonne CAT dump truck around a virtual mine site.

The courses are designed to test the students' ability to manage the vehicle in a variety of scenarios. ``It is as close to driving a mining truck as is possible without actually being on a truck,'' Mr Read said.

The five-day course will be run in conjunction with the Civil Contractors Federation, and successful students will attain a certificate of record for the training.

Mr Read said mining companies normally paid about $15,000 to train new drivers on site, while the simulator course costs about $5000.

The company may expand interstate if the Adelaide courses prove popular.

Re: #Official Mining Thread

Posted: Wed Aug 05, 2009 2:47 pm
by UrbanSG
From adelaidenow:
Linc raises $77.4m for SA plant
CAMERON ENGLAND
August 05, 2009 11:45am

LINC Energy has raised $77.4 million to accelerate the design of its first South Australian gas to liquids plant.

The Brisbane company announced this week it had raised the money to progress the development of its projects in SA, Queensland, the U.S. and Vietnam.

Linc announced plans late last year to invest up to $1 billion building several coal to liquids plants in the State's far north.

The money raised this week will be used to accelerate drilling in SA, as well as the design of the initial 20,000 barrel per day plant.

It would also be used to ``accelerate site selection, feasibility engineering and design for the first commercial underground coal gasification has filed operation within the company's South Australian tenements''.

In a $104 million deal, Linc last year merged with Adelaide energy company Sapex, which owned leases in the Arckaringa coal fields between Coober Pedy and Oodnadatta.

The capital raising was made up of a $57.4 million institutional share placement and a $20 million share purchase plan, open to shareholders registered at the close of business today, Sydney time.

Shareholders will be eligible to subscribe for up to $15,000 worth of shares at a price of $1.40.

Linc shares were trading at $1.46 in early trade.