Tag: South Australia mining

Boss Resources: Development Ready

Boss Resources: Development Ready

All images: Boss Resources. BY ELIZABETH FABRI BOSS Resources is the proud owner of the Honeymoon project, one of the few Australian uranium projects ready to participate in the early stages of a new bull market. We spoke with Boss Resources managing director and chief executive Duncan Craib about the mine’s restart plan, technologies chosen for processing, and his outlook for the uranium market in the near-term. Q. Take us through the re-start strategy for Honeymoon. In July 2018 the company launched the re-start strategy for the Honeymoon uranium project in South Australia, as categorised into three key phases; Phase 1: The generation of the final input data required for the DFS including the drilling program...

Carrapateena: Countdown to Production

Carrapateena: Countdown to Production

All images: OZ Minerals. BY ELIZABETH FABRI THE final stage of construction has now kicked off at OZ Minerals Carrapateena copper mine, with just over a year left on the clock before commissioning begins. We chat with OZ Minerals managing director and chief executive Andrew Cole about Phase 2 of the construction campaign, power plans for the mine, and exploration potential further afield. Q. Can you describe the work undertaken at Carrapateena to date? Phase 1 construction at Carrapateena is on schedule and in early April, we received approval from the South Australian and Commonwealth Governments for the Carrapateena project, which cleared the way for mobilisation of Phase 2 of construction from mid-April as scheduled....

Eastern Musgrave JV formed

Eastern Musgrave JV formed

BY ELIZABETH FABRI OZ Minerals continues to expand its exploration footprint after entering an agreement to explore for nickel and copper 500km east of its West Musgrave JV project in WA, which recently moved forward to pre-feasibility. The joint venture in the Eastern Musgrave province in South Australia with unlisted Australian explorer Woomera Exploration will see OZ Minerals commit to drilling seven shallow targets. After drilling is complete, OZ Minerals can earn up to 51 per cent equity in the project by achieving a total spend of $2.5 million in exploration activity within 18 months, and a 75 per cent stake if an additional $5 million is spent on exploration in the following two years. OZ Minerals, which...

WPG Resources: Challenge accepted

WPG Resources: Challenge accepted

All images: WPG Resources. BY ELIZABETH FABRI THE trials are far from over for WPG Resources, but with development finally moving ahead at Challenger Deeps, a planned mill expansion nearing completion, and on site contract issues easing, 2018 is set to be a turnaround year for the company. The 2017 year was tough for WPG Resources— perhaps its most disappointing to date. After acquiring full ownership of the Challenger Gold Operations in August 2016, all signs were pointing towards 2017 as a year of profit. But come 30 June 2017, the company’s balance sheet was in trouble. “Although we reported an EBITDA of a positive $0.8 million, our statutory loss of $9.1 million and total production of...

Arrium: A steely resolve

Arrium: A steely resolve

BY REUBEN ADAMS SECURING a buyer for the Whyalla-headquartered steel manufacturer is a victory for the 5500 jobs related to Arrium’s operations, the Whyalla business community, and the State of South Australia. In early April 2016 Arrium pleaded for a $US927 million lifeline from its lenders. Australia’s four banks, several global banks and US bondholders rejected the proposal, pushing the struggling Group into voluntary administration, owing its creditors more than $2.8 billion. Arrium employed about 5500 workers across its mining, steel and mining consumables business units, which included a 1.2 million tonnes per annum (mtpa) steel plant at Whyalla on South Australia’s Eyre Peninsula, smaller plants in Melbourne and Sydney, and a 12mtpa iron ore mining operation in South Australia’s...