The Biggest Gold Mine In Australia Is Planned Be Expanded

The biggest gold mine in Australia is planned to be expanded after the board of US company Newmont Mining approved extra works on the Boddington mine in Western Australia as written by news The Sydney Morning Herald Business Day

Boddington gold mines is one of Australia's largest producing gold mines. Boddington mine produces gold and copper concentrate.

Newmont’s Boddington mine is located within the Saddleback greenstone belt in Western Australia. A large gold and copper mine, Boddington is located 16 km from the rural farming town of Boddington and 120 km from Western Australia’s capital city, Perth.

Newmont mining is set to spend $400 million conducting a "cutback" at Boddington which will expand the mine and add several years of life to the operation.

The decision is a triumph for local management who have dramatically improved productivity at the mine in recent years, particularly in areas like shovel utilisation and truck idle times.

 

Blast holes explode at the Silverstar pit at Newmont Mining's Carlin gold mine operation near Elko, Nevada in 2014. Newmont Mining Corp reports their Q2 results on July 22, 2015.

Exploration Assay Results Focus Minerals Ltd In Drilling At Coolgardie

Focus Minerals Ltd. (“Focus” or “the Company”) is pleased to report the exploration assay results  for  its  recently  completed  drilling at Coolgardie. Focus is the largest landholder in the Coolgardie gold belt with over 450sq km of tenements in close proximity to its Three Mile Hill Mill. Focus while also looking to expand its near mill mineable reserves targeting higher grade, larger scale ore bodies.

Focus’ Interim CEO, Wanghong Yang, is  pleased  to  announce  that “following  receipt  of  these  most  recent  high  grade results  at  Bonnie  Vale, including the  identification  of  a  new  mineralised  reef, Focus is progressing Mineral Resource modelling for Bonnie Vale and expects to release a Maiden Resource in November

The most recent Coolgardie campaign included a total of 51 RC holes for 9,470m across several targets close to Focus’ Three Mile Hill Processing Plant  

Mining Giant Rio Tinto Investment In Exploration Junior Miner Antipa Minerals

MINING giant Rio Tinto announces and agreed to invest up to $60 million on exploration in junior miner Antipa Minerals' Citadel gold and copper project in Western Australia.

Rio Tinto Group is a British-Australian multinational metals and mining corporation with headquarters in London, United Kingdom, and a management office in Melbourne, Australia. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto river, in Huelva, Spain, from the Spanish government.

Under the farm-in agreement between the two companies, Rio will progressively increase its stake in the joint venture up to 75 per cent interest.

The Citadel project is located 75 kilometres north of gold miner Newcrest Mining's Telfer mine in WA's Paterson province.

Shares in Antipa Minerals soared today after it announced a $60 million earn-in agreement with mining giant Rio Tinto over the explorer’s Citadel gold/copper project in the Pilbara.

High Quality Exploration Targets Kin Mining NL Gwalia South Prospect

Kin Mining NL (ASX:KIN) has some high quality exploration targets at its Gwalia South Prospect, which sits just 2.5 kilometres south of St Barbara's (ASX:SBM) seven million gold ounce Sons of Gwalia mine.

St Barbara produced 72,388 gold ounces from Gwalia mine in the September quarter 2015.

Further to the north-west, the same greenstone package also encompasses the granite-ultramafic lithologies that hosts the Tower Hill (1Moz), Harbour Lights (1Moz), Jasper Flats (165koz), Kailis (50koz) and King of the Hills mines (1.8Moz).

Kin said that a new structural analysis reveals north-west trending thrust faults have a controlling effect on large scale gold mineralisation along the Gwalia Shear Zone.

Blackham Resources' shares shine on high-grade gold discoveries at Matilda

Blackham Resources (ASX:BLK) shares were climbing today as the discovery of several high-grade zones at the Matilda gold project in Western Australia added to inventory confidence ahead of a process plant restart next year. 

Shares in Blackham hit a 12-month high of $0.24 intra-day, which is more than five times higher where the company was trading at the start of 2015.

Outstanding hits in latest round of drilling at the site included a 10-metre intersection grading 8.93g/t gold from 91 metres, containing a 3-metre sample at 26.5 g/t gold.

This 26.5 g/t intercept remains open down-plunge, indicating the considerable exploration upside of its immediate area.

Newmont Mining keen on Barrick Gold in Australia (just don't mention the US)

Newmont Mining may be interested in some of Barrick Gold's assets - just not the ones it is now trying to sell.

After taking over operations this year at the Kalgoorlie Super Pit in Western Australia, Newmont would be interested in buying out Barrick's 50 per cent stake, chief executive officer Gary Goldberg said on Tuesday in an interview at the Denver Gold Forum. Mines in Nevada that Barrick was marketing were not of interest to the Greenwood Village, Colorado-based company, he said.

Gold's more than 40 per cent slump from a 2011 peak has left miners scrambling to adapt in slightly different ways. Some, like Toronto-based Barrick, are downsizing to focus on key assets. Others such as Goldcorp are building war chests for future growth. In Newmont's case, the focus is on improving asset quality as well as selectively seeking acquisitions, Goldberg said.

OZ Minerals sees successful processing trials

As base metals prices stagnate, many miners are looking to innovative methods to increase production.

One area that many operators are looking to for cost savings and efficiency increases is that of minerals processing.

OZ Minerals began trials to slash costs and boost productivity by implementing more efficient minerals processing at its Carrapatenna operation.

The miner developed a hydromet demonstration processing plant to verify scalability for its site late last year, and has now seen positive results from the trials.