MAJOR COMMODITIES SNAPSHOT P4 IRONS in the FIRE
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THEAUSTLIAN MPP100007123 INING REVIEW A product of AUGUST 2018 australianminingreview.com.au Publications & Exhibitions Australia Pty Ltd ASX: A BILL SHAW RECENT FLOATS TRANSFORMATIVE AUSTRALIAN & LISTINGS YEAR GEOSCIENCE MINCOR COUNCIL NEWS RESOURCES IN THE SPOTLIGHT p10 p28 p70 MAJOR COMMODITIES SNAPSHOT p4 IRONS IN THE FIRE A debt-free, cashed up BCI Minerals is placing bets on salt and sulphate of potash as the next key drivers of its business. BCI MINERALS p34 Image: BCI Minerals. BCI Minerals. Image: AUGUST 2018 2 CONTENTS THE AUSTLIAN MINING REVIEW What stories matter to you? PUBLISHED BY ABN 28 112 572 433 [email protected] A product of Publications & Exhibitions Australia Pty Ltd NEWS 1 GENERAL MANAGER Commodities Snapshot 4 Brad Francis [email protected] Commodity Focus: Metallurgical Coal 8 MANAGING EDITOR The Contractors 12 Reuben Adams [email protected] Explorers on the Move 14 GREENER JOURNALISTS Technology & Innovation 16 Elizabeth Fabri [email protected] International 18 PASTURES Jessica Cummins [email protected] FEATURES GRAPHIC DESIGNER Emerald: The Gem of the Bowen p19 Emerald: Gem of the Bowen 19 Charlotte Lufino [email protected] Gascoyne Resources 25 SALES EXECUTIVE Mincor Resources 28 Penny West PRINTER Minesite Rehabilitation 30 Rural Press CONTACT US BCI Minerals 34 P: (08) 6314 0300 F: (08) 9481 7322 South32 37 160 Beaufort Street, Perth, WA 6000. PO Box 8023, Perth BC, WA 6849. Stanmore Coal 40 E-mail the editor at [email protected] Aurelia Metals 42 For all other emails to staff, the standard convention is, first name (only) @miningoilgas.com.au The Australian Mining Review is a free publication Whitehaven Coal 44 to all mine sites and mining companies in Australia. Its value is $11 an issue. (Includes GST, postage and handling). The copyright is vested in the Proprietors of The UNDER THE Australian Mining Review; neither whole nor any part of this issue may be reproduced without permission. INDUSTRY FOCUS The views expressed in this publication are not necessarily those of Miningoilgas Pty Ltd and its staff, but are those of the respective author who accepts Companies Gearing Up 47 MICROSCOPE sole responsibility and liability for them. Corrosion Control 53 NOTICE TO ADVERTISERS: The Trade Practices Act, 1974 came into force on Mine Rehabilitation p30 the 1st October 1974. 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In case of doubt, consult BILL SHAW HIGHS your lawyer. p70 Whitehaven Coal p44 A product of Publications & Exhibitions Australia Pty Ltd AUGUST 2018 4 NEWS THE AUSTLIAN MINING REVIEW MAJOR COMMODITIES SNAPSHOT $US/oz $US/t GOLD IRON ORE 62% Fe CFR China 1320 67.0 66.38 Gold prices fell to a 1303.3 66.5 Iron ore prices 1300 declined marginally one-year low in July 66.0 in line with a higher in July, fluctuating US dollar and US 1280 65.5 between $US63 and 1269.42 64.89 $US64/t. interest rates. 1260 65.0 64.5 1240 64.0 1220 63.5 63.0 1200 1222.40 62.5 63.58 1180 62.0 May June 19-July May June 19-July $US/t $US/t COPPER LME Price COBALT LME Price 7000 100000 90999.99 Copper prices 6885.92 6810.96 90000 Cobalt spot prices continued to spiral 6800 fell to its lowest 80000 79300.06 downwards in July 6600 point since amid ongoing trade 70000 December 2017, tensions between 6400 60000 amid supply the US and the 6200 50000 70000.08 disruptions and world’s key concerns over the consumer, China. 6000 40000 sourcing of cobalt in 30000 the Democratic 5800 5982.02 20000 Republic of Congo. 5600 10000 5400 0 May June 19-July May June 19-July $US/t $US/t ALUMINIUM LME Price ZINC LME Price 2300 3100 Aluminium prices 2282 2993 Zinc prices were under 2250 3000 3049.89 continued to fall, pressure again in 2900 hitting a 13-month July as the fallout of 2200 lows in July as Donald Trump’s 2166 2800 expectations of 2150 decision to impose 2700 rising supplies and tariffs on aluminium 2100 a narrowing deficit imports coming into 2600 triggered a sell-off. the US continued. 2050 2500 2000 2061.98 2400 2563.09 1950 2300 May June 19-July May June 19-July $US/t $US/t LEAD LME Price NICKEL LME Price 2500 15500 Lead is another 2465 15255.11 After a promising 2389 base metal in 2400 15000 couple of months, negative territory, nickel prices 14500 14839.98 worn down by a 2300 lowered in July due stronger US dollar to weakened 14000 and trade war 2200 demand from tensions. 13500 alloy-makers in the spot market. 2100 13000 2000 2092.41 12500 13220.02 1900 12000 May June 19-July May June 19-July COMMODITY FOCUS METALLURGICAL COAL PG 8 AUGUST 2018 6 NEWS THE AUSTLIAN MINING REVIEW IN BRIEF Dundas revives Avebury Rio spends $US39m on stacker project WA RIO Tinto will spend almost $US39 million to replace the original stackers at its 46-year old Paraburdoo mine in the WA Pilbara. The project will be led by technology provider Tenova TAKRAF. Rio Tinto said the design of the Image: Sahlan Hayes. stackers was now underway, with fabrication to begin later this year, Tasmanian Premier Will Hodgman, Dundas Mining chief executive Geoff Summers, Prime Minister Malcolm Turnbull and Liberal Braddon candidate Brett Whiteley at Avebury. and installation and commissioning in (the nickel price) was $US7000 a tonne. It’s Budget for a new Exploration Drilling Grant 2020. ELIZABETH FABRI now $US15,000 a tonne,” Dundas Mining Initiative to develop new opportunities,” Mr “This project is an important part of TASMANIA chief executive Geoff Summers told The Hodgman said. our sustaining capital program for 2018 Advocate. and we’re pleased to be supporting local “The Tasmanian Government will DUNDAS Mining will reopen its mothballed businesses with this significant body of Tasmanian Premier Will Hodgman said continue to strongly support our mining work,” the company stated. Avebury nickel mine with production to a recruitment process had begun, with more sector, as a key part of our plan to generate resume in January 2019. than 200 jobs to be made available across further economic activity and support local The mine, purchased last year from mining, processing, and administration. jobs in our regional communities.” MMG for $25 million, has been on care and He said the State Government was also Prime Minister Malcolm Turnbull said in Denham closes maintenance since 2009 amid a downturn in supporting the reopening by providing a the last year Tasmania’s exports had grown the nickel market. support package that will deliver up to $3.5 by 26 per cent, and the two biggest goods million of payroll tax relief. exported were zinc and aluminium. Resurgent prices over the last 12 months first mining “This builds upon our previous support “This is a great mining State and this encouraged Dundas to bring the mine back for mining on the West Coast, including $9.5 (Avebury) will add nickel to the list of great to life. million for essential works at the Mt Lyell exports once again from Tasmania,” Mr fund “When we signed up to buy this place it copper mine, and $2 million in the 2018-19 Turnbull said. NATIONAL PRIVATE equity firm Denham Capital Savannah restart fully funded has raised $US558 million to expand its mining portfolio in Australia, Canada, South America and Asia. The capital raising marks the close of its first mining fund, which will target MINE LIFE +8 years projects in base metals, metallurgical coal and specialty minerals. 6-9 months TO PRODUCTION The firm’s mining investments in Australia to date include ASX-listed Pembroke Resources and Auctus PRODUCTION (PA) Minerals. 10,600t nickel 6100t copper 800t cobalt “It’s an attractive market where we see in many jurisdictions the opportunity to secure projects that 250 NEW JOBS meet our investment criteria,” Denham stated. NPV $380m Hellyer to begin tailings reprocessing TASMANIA NQ Minerals subsidiary Hellyer Gold Mines will soon begin processing Image: Panoramic Resources.