Tag: Pilgangoora

Image: Pilgangoora Minerals   BY AMY BLOM   AS mining takes off again in WA's Pilbara region, communities are bracing for another boom and working to ensure locally-based service providers have a share in the sector.   With three new major iron ore mines on the cards and the increasing prominence of lithium, gold and copper in the area, the Pilbara could be set for another mining boom. But in the hopes of mitigating the highs and lows of the past, community leaders are encouraging a greater focus on awarding contracts to local service providers within existing hubs and a strategy of diversification. Most of the services necessary for new developments were already in place in the Pilbara, thanks to...

The Bald Hill processing plant took just seven months to be commissioned. All images: Tawana Resources.     BY CAMERON DRUMMOND   AUSTRALIA'S newest lithium mine, the Bald Hill joint venture (JV), kicked off production in March. With a burgeoning electric vehicle market spearheading demand for lithium-ion batteries, Tawana Resources is already pushing full steam ahead with expansion plans.   Lithium production has commenced at the Bald Hill lithium-tantalum mine in the Eastern Goldfields region of WA. Bald Hill, a 50:50 joint venture (JV) between operator Tawana and Singapore-listed Alliance Mineral Assets Limited (AMAL), is the first Australian mine to commence spodumene production since Galaxy Resources’ Mt Cattlin in 2016. Bald Hill was originally a tantalum project operated by Cannington Mines...

Image: Altura Mining. By Cameron Drummond LITHIUM explorer Altura Mining has reached an agreement with Chinese battery manufacturer Shaanxi J&R Optimum Energy (J&R Optimum) to raise $41.6 million for its Pilgangoora lithium project in the Pilbara region of WA. In two tranches, Altura will issue a placement of 306 million fully paid shares to J&R Optimum at 13.6 cents per share, an 8.8 per cent premium from the last closing price. In Tranche 1, 123 million shares would be issued after the receipt of funds ($16.73m) from J&R Optimum within 30 days; and Tranche 2 would issue the remaining 183 million shares ($24.89m) pending shareholder approval at an upcoming EGM (Extraordinary General Meeting). Upon completion of the placement, J&R Optimum...