From breakdown to benchmark

MinRes and BTAC sign land access agreement for Onslow iron Mineral Resources (ASX: MIN) and Buurabalayji Thalanyji Aboriginal Corporation (BTAC) have signed a land access agreement to deliver benefits to the Onslow iron project in WA. The Indigenous Land Use Agreement (ILUA) comes after more than two year of collaboration between the two parties which culminated in a common law holders meeting in Onslow. The ILUA strengthens the partnership between MinRes and BTAC who will work together for the next 30-plus years to create opportunities for the Thalanyji people. MinRes managing director Chris...

FORMED with the specific goal of providing highly mobile, flexible and productive drilling rigs that could be taken into the most challenging terrains, Atlas Drilling has provided specialist drilling services to Australia’s coal seam methane (CSM) sector since 2007. Atlas Drilling holds a definitive market edge on its competitors by ensuring that exploration and development project requirements are met within budget and on time. The company aims to provide the best value for money in drilling by using modern equipment and experienced rig teams and management. As a result, comprehensive drilling services are offered with high safety standards and a proactive attitude to assist operators in maximising legislative, safety, environmental, and operational opportunities. The Atlas Drilling management team has a...

Alcoa to sell interest in Ma’aden JV for $1.1b, expands drone tech Alcoa (ASX: AAI) will be selling its 25.1% interest in the Ma’aden joint venture (JV) to Saudi Arabian mining company Ma’aden for $1.1b. The transaction comprises around 86m Ma’aden shares (valued at $950m) and $150m cash. Pursuant to the terms of the agreement, Alcoa will hold its Ma’aden shares for a minimum of three years, with one-third of the shares becoming transferable after the third, fourth and fifth anniversaries of closing the transaction. Created in 2009, the JV comprises two entities, the Ma’aden Bauxite (MBAC, the bauxite mine and alumina refinery)...

Carbon capture bill passes WA Legislative Council A Bill strengthening WA’s petroleum legislation and supporting the State Government’s commitment to achieve net zero emissions by 2050 has passed the WA Legislative Council. The Petroleum Legislation Amendment Bill 2023 provides WA-based industries with opportunities to decarbonise by providing a legislative framework for the transport and geological storage of greenhouse gases. Carbon capture and storage is being used across the world by industries to decarbonise their operations. The Bill also enables the exploration for naturally occurring hydrogen through the concept of a regulated substance, which is an element that occurs within a natural geological formation. Additional...