BHP sinks cash into Nickel West to revive operations 2016-10-20The future of mining giant BHP Billiton’s Nickel West arm appears solid as the company focused on extending its current operating life from 2023 to 2032, and sinks cash into maintaining its asset integrity. BHP, which has unsuccessfully tried to sell its nickel businesses, has invested A$2-million a month for the last ten months into maintenance and repairs at Nickel West. The spending will continue for the remainder of 2016 and 2017, said Nickel West asset president Eduard Haegel on Thursday.
SolGold turns down BHP proposal as interest in junior grows 2016-10-10Mining giant BHP Billiton has offered to pay $30-million for a 10% interest in Aim-listed SolGold, but the Brisbane-based explorer has rejected the proposal and decided to stick with a $33-million financing deal with Maxit Capital and Newcrest Mining. In addition to a 10% shareholding in SolGold, BHP had also hoped to secure an earn-in into the Cascabel copper/gold project, in Ecuador, by spending $275-million to acquire a 70% stake of SolGold’s 85% interest in the Cascabel holding company Exploraciones Novomining SA.
Olympic Dam still on care and maintenance 2016-10-04Operations at the Olympic Dam copper, gold and uranium mine, in South Australia, remained on care and maintenance, mining giant BHP Billiton said. Operations were suspended and the site de-mobilised following a severe storm in South Australia, which resulted in state-wide power outages.
Jimblebar on track for production lift 2016-09-28BHP awaits crusher installation to stay on target
ASX: Mineral Resources and Ore Reserves at 30 June 2016 2016-09-21
General 2015-05-10It was operated by Rio Algom. The mine was in operation from 1956 to 1960, during which time it produced 2.3 million tons of ore. Upon closure of the mine, the mill was converted to a copper concentrator to process ore from the nearby Pater Mine and operated until 1970.
Nearby Location News
Pele Mountain Provides Update on Development Plans and Progress in Elliot Lake 2016-05-04
TORONTO, ONTARIO--(Marketwired - May 4, 2016) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today provided an update regarding development plans and progress for its Rare Earth Processing Centre and Solar Energy Power projects at and near its Eco Ridge property ("Eco Ridge" or the "Property") in the City of Elliot Lake, Ontario (the "City").