Boston Shaker gold mine : AngloGold Ashanti and its joint venture partner IGO have started commercial production at the Boston Shaker Underground Project at the Tropicana Gold Mine in Western Australia. Approved in March 2019, the Boston Shaker gold mine transitioned into commercial production this month on schedule, under the AUD105.7 million ($77 million) budget, […]
Royal Dutch Shell has bagged approval from the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for moving ahead with the Crux gas project in Western Australian waters. In 2018, the company’s subsidiary Shell Australia filed an offshore project proposal (OPP) to NOPSEMA for the development of the Crux gas field in Browse Basin. […]
OZ Minerals will acquire Australia-based precious metals developer and explorer Cassini Resources for AUD76 million ($52.41 million) in a move to take full ownership of the West Musgrave Project, a copper and nickel sulphide mine in Western Australia. Currently, OZ Minerals has a 70% stake in the copper and nickel sulphide project, while Cassini Resources […]
Australian energy company Santos has signed a new gas supply agreement with South African gold miner Gold Fields for its three gold mines located in Western Australia. As per the agreement, Santos will supply approximately 5.5 petajoules of natural gas from its Varanus Island gas plant to Gold Fields for a period of three years, […]
The Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given its approval to the offshore project proposal (OPP) for the Scarborough gas field development filed by Woodside Petroleum. The Scarborough field, which is contained in the Indian Ocean, offshore Western Australia, contains an estimated contingent resource (2C) dry gas volume of 11.1 […]
NRW Holdings has bagged a contract worth AUD70 million ($47 million) for bulk earthworks for the Iron Bridge Magnetite Project in Western Australia from the joint venture between Fortescue Metals Group subsidiary FMG Magnetite and Formosa Steel IB. The contract will be subject to the finalization of various outstanding contractual items, said NRW Holdings. However, […]
DRA Pacific has bagged a contract for the rare earths processing plant and the associated infrastructure of the Yangibana Rare Earths Project in Western Australia. The contract to the DRA Global subsidiary, worth around AUD 350 million ($239.8 million), is for providing engineering, procurement, construction and management (EPCM) services for the rare earths processing plant. It […]
Ichthys LNG project : McDermott International and GE’s subsidiary Baker Hughes have secured contracts for the INPEX-operated Ichthys Liquefied Natural Gas (LNG) field development, located off the northwest coast of Western Australia. The contracts have been awarded to provide joint umbilicals, risers, and flowlines (URF) and subsea production system (SPS) solution for the Ichthys gas […]
Wesfarmers acquisition of Kidman Resources : Australian conglomerate Wesfarmers and Kidman Resources have entered into a Scheme Implementation Deed (SID) under which the former’s subsidiary Wesfarmers Lithium will acquire 100% of the Melbourne-based lithium developer for around AUD 776 million ( $537 million). Earlier this month, Wesfarmers proposed to pay AUD 1.90 per share in […]
Fortescue Metals Group (FMG) announced that its subsidiary FMG Magnetite and its joint venture (JV) partner Formosa Steel IB have approved the development of Stage 2 of the Iron Bridge Magnetite Project in Australia with an investment of $2.6 billion. The Iron Bridge Magnetite Project, which is located 145 km south of Port Hedland in […]