• 2021
  • PCEC

The Monthly Mining News Roundup - July

31 July 2020

Fortescue contract triggers recruitment drive of 200 workers

John Holland plans to recruit 400 new workers on the back of winning major new contracts in Western Australia, including a $130 million deal with Fortescue Metals Group. The engineering contractor was awarded the contract by Fortescue to construct 143 kilometres of heavy haul track on Eliwana mine and rail project in Western Australia's Pilbara region. John Holland's contract is a design and construction extention to the existing signalling and train controls systems and a traffic capacity extension to the communication infrastructure for Eliwana. 

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Alcoa to recruit 24 apprentices

Alcoa has launched its 2021 recruitment campaign for apprentices in the face of COVID-19 and a weakened economy. The company plans to recruit 24 apprentices, who will commence the program and join 101 other apprentices in Western Australia in January next year. Participants are set to earn a nationally recognised trade certificate in mechanical fitting, heavy duty plant mechanics, fabrication and welding or industrial electrical instrumentation upon completing the four-year apprenticeships. 

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Gold reaches eight-year high breaking $2603 AUD an ounce

Gold prices have reached eight-year highs, breaking through $US1800 ($2603) an ounce for the first time since 2011. The precious metal reached $US1810 before settling at $US1780 on July 1. ASX-listed gold miners Newcrest Mining, Kirkland Lake Gold, Northern Star Resources and Saracen Mineral Holdings all responded to the price rise with an uptick in share prices overnight. 

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Civmec to engage 200 workers at the peak of contract with Fortescue

Fortescue Metals Group has awarded Civmec a civil contract for the Iron Bridge magnetite project in Western Australia. The contract involves a dry plant detailed earthworks and concrete package, with Civmec responsible for the construction of the structural concrete components for the dry plant. These components include the primary, secondary and tertiary crushing areas, screening areas, air classification and primary grinding areas, course ore stockpile, dry rejects and conveyors.

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Saracen Mineral Holdings gains record production of 520, 414 ounces of gold

Saracen Minerals Holdings has finished the 2020 financial year with record production of 520, 414 ounces of gold, beating its guidance of 500,000 ounces. In the June quarter, the company sold 148, 011 ounces of gold at an average sale price of $2280 ounces, reaping a total of $337.5 million. Saracen's 50 per cent stake in the Super Pit also contributed 53, 398 ounces and 42, 117 ounces at the Carosue Dam and Thunderbox projects in Western Australia, respectively. 

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Coburn project expected to create over 500 jobs and bring in $922 million over 25 years

Strandline Resources has received a welcome boost for its Coburn heavy mineral sands project in Western Australia in the form of a Northern Australia Infrastructure Facility (NAIF) loan. The company has been approved for a loan of up to $150 million to advance the Coburn project, which is one of the world's largest minerals sands projects. Australia's Minister for Resources, Water and Northern Australia Keith Pitt said the Coburn projeect would provide jobs and investment for the mid-west region and the nation's entire critical minerals sector. 

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BHP achieves record production at Jimblebar and Yandi mines

BHP has overcome COVID-19 to achieve record production at its Western Australian iron ore operations, as well as the Caval Ridge and Poitrel coal mines in Queensland. The mining giant produced more than 248 million tonnes of iron ore during the 2020 financial year, thanks to record production at the Jimblebar and Yandi mines in Western Australia. A series of maintenance programs over the pastt four years enabled Western Australia Iron Ore (WAIO) to also produe at a record annualised run rate above 300 million tonnes during the June quarter. 

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Northern Star hits record gold sales

Northern Star Resources has defied the impact of COVID-19 to finish the 2020 financial year with record gold sales on the back of its Australian operations. The company hit 900, 388 ounces of gold sales at an all-in sustaining cost (AISC) of $1496 per ounce. Of this record figure, 727, 352 ounces were from the company's Australian operations, also a record and within the 720,000 to 800,000 ounces guidance. 

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