Sandvik introduces new Golden Shank

ALEXANDRA EASTWOOD

Image: Sandvik

Sandvik has introduced its new Golden Shank, a corrosion protection coating for increased service life and lower drilling cost per metre.

Sandvik’s Golden Shank is equipped with a low-friction, nickel-plated coating with a polymer top sealant for improved corrosion resistance.

Applied throughout the entire shank and flushing slot, this  coating minimises wear on flushing seals and rock drill parts while reducing breakages on other rig and tool machine parts.

“Prioritising operator safety and minimising environmental impact through reduced tool replacements are critical considerations in our product development process,” Sandvik Mining and Rock Solutions product manager top hammer Thomas Blomfeldt said.

The Golden Shank will enable some customers to potentially double efficiency.”

Sandvik’s field tests have confirmed a 30–100 per cent longer product life.

Even at mine sites where corrosion is not prevalent, Golden Shank field tests have consistently demonstrated two to three times longer performance life.

The extended service life of the shank adapter enhances safety and sustainability for customers by reducing operator handling and heavy lifting, inventory needs and emissions from transportation.

A coating with less environmental impact also improves the sustainability footprint in manufacturing.

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Coal still king for Glencore

ALEXANDRA EASTWOOD

Wilkie coal

Coal has emerged as the standout commodity from Glencore’s 2023 full year production report.

While copper, cobalt, zinc and nickel production all experienced a downturn, Glencore’s coal production was three per cent higher than 2022 at 3.6 million tonnes (t).

The number was a reflection of higher productivity in South Africa and a year over year easing in external factors that constrain capacity, such as wet weather and blockades.

Nickel production fell by nine per cent to 97,600t, primarily due to the planned shutdown of Glencore’s Murrin Murrin site in WA for routine maintenance.

Cobalt production was six per cent lower than 2022 at 41,300t and copper production was 48,000t lower than 2022.

Despite the slight donwturn, Glencore chief executive officer Gary Nagle remains positive.

“Overall 2023 production was in line with our earlier revised guidance, with stronger second half volumes delivered across our key commodities, including copper, zinc, nickel and coal,” he said.

“Compared to 2022, the moderately lower year-on-year copper and zinc department managed production volumes, primarily reflect disposals of the Cobar copper mine and various South American zinc operations.”

Looking ahead, Nagle said production is looking steady.

“Coal production is forecast to be steady at the guidance range mid-point of 110 million tonnes, excluding any incremental volumes from the recently announced acquisition of a 77 per cent interest in Teck’s steelmaking coal business, currently going through its various approval processes,” he said.

Crushing it

ALEXANDRA EASTWOOD

AusCrush commenced a 12-month contract to operate Kleemann machinery at Peculiar Knob in November 2023. Image: AusCrush

AusCrush has deployed Kleemann machines at the Peculiar Knob iron ore mine in South Australia, leading to exceptional results.

AusCrush first commenced crushing and screening iron ore at Peak Iron Mines’ Peculiar Knob operation in South Australia in November 2021.

And the mobile crushing and screening services provider isn’t slowing down.

In November 2023, AusCrush commenced a 12-month contract to operate Kleemann machinery at Peculiar Knob, a high-grade hematite iron ore deposit that has some residual magnetite.

AusCrush’s set-up comprises a Kleemann MC120PRO jaw crusher, MSS802EVO mobile reclaimer, MC0110PRO cone crusher (secondary), MSC953EVO classifying screen, MC090EVO2 cone crusher (tertiary) and a MSC953EVO classifying screen (secondary), as well as a stockpile conveyor that feeds back to the MC0110PRO for all oversize. This creates a closed-circuit loop to maximise throughput.

“We are currently producing two direct shipping iron ore products: a -32mm+13.2mm lump and a -13.2mm+0mm fines product,” AusCrush general manager Morgan Taylor told Australian Mining.

Once the ore is crushed by AusCrush, it is transported to the Whyalla Port, where it is exported for steel manufacturing.

AusCrush understood that because the feed material, the hematite ore, is a high-grade, abrasive product, it would need to be proactive about its maintenance measures.

“The feed is relatively easy for crushing but it’s very abrasive, so maintenance is of the upmost importance,” Taylor said.

“If you don’t get that right, the rock can wear a hole in the side of the hopper within hours.

“We made up four modular wear packages for all our hoppers … and we have two full-time boilermakers and two full-time heavy-duty diesel mechanics working each shift.

“We also have Wirtgen Australia on speed dial for any machinery queries or concerns.”

AusCrush has been proactive about its maintenance measures to avoid equipment breakdowns. Image: AusCrush

Maintenance personnel are set daily tasks to monitor machine components such as skirts, screens, wear plates, belt repairs, jaw and cone liners. After 12 hours of crushing throughout the day, maintenance is completed on night shift to ensure machines are ready to go for another 12-hour shift the following day. With AusCrush producing about 1.68 million tonnes of DSO product per annum, there is no time for downtime.

“We do our maintenance at night and processing during the day to ensure that if something goes wrong, we’ve got open communication with Wirtgen Australia and our suppliers to fix any issues,” Taylor said. “If we crush during the night and have a breakdown, it adds additional challenges, hence the reason for scheduling maintenance. This provides us reliable maintenance free up time during daylight hours.”

AusCrush also schedules monthly shutdowns at Peculiar Knob so machines can be overhauled and start fresh to meet the following month’s targets.

As per Wirtgen Australia advice, the company is also running 24 per cent manganese and higher chrome percentage liner sets in its jaw crushers, which has further limited equipment breakdowns by extending liner life and reducing change-out requirements.

This is improving crushing outputs to approximately 7000 tonnes per day.

The primary machine in the train, the Kleemann MC120PRO jaw crusher, supports a maximum feed size of up to 680mm, boosting production and decreasing day-works.

The MC120PRO feeds the MSS802EVO mobile screener, which has been perfect for the job given its ability to scalp two separate products: the -32mm+13.2mm lump product to one side of the conveyor and the -13.2mm+0mm fines product to the other.

This provides the MCO110PRO cone crusher with oversize feed only, providing optimised crushing conditions for the cone.

Through an inspired maintenance strategy and with the right Kleemann gear to boot, AusCrush is able to consistently produce 500 tonnes per hour, exceeding the expectations of all stakeholders involved.

This feature appeared in the February 2024 issue of Australian Mining.

FQM to reduce mining at Ravensthorpe

KELSIE TIBBEN

nickel

Nickel ore. Image: Adwo/stock.adobe.com

First Quantum Minerals (FQM) will scale back its operations at its Ravensthorpe nickel mine in Western Australia.

The company said the decision is a result of the significant downturn in nickel prices experienced during 2023, combined with the currently high operating costs in WA.

Approximately 30 per cent of the 420-person workforce will be let go, with contractors to be redeployed by their employers.

FQM said it will lean on ore stockpiles to continue producing nickel, which are expected to be processed over the next 18 months.

Mining is set to resume at the Hale Bopp and Halley’s ore bodies when prices recover as part of the company’s three-year plan.

“Transitioning to a new operating model will allow us to continue to produce and export our nickel product, which is a critical mineral and has a lower carbon footprint than other suppliers,” Ravensthorpe nickel operation general manager Scott Whitehead said.

“The operational changes will ensure Ravensthorpe remains viable longer term and we will retain most of our residential and FIFO workforce, thereby supporting the communities of Hopetoun and Ravensthorpe and providing income for the region and Western Australia.

“It’s important we position ourselves to respond in a timely manner to future improvements in the nickel price by being able to reactivate our mining activities at the preferred time.”

FQM expects Ravensthorpe will produce approximately 16,000 contained tonnes of nickel per annum over the next three years.

Glencore to close Mount Isa

KELSIE HARFORD

Glencore Mount Isa

Glencore has announced plans to close its Mount Isa copper operations in Queensland by the end of 2025, but said it will keep its other metal assets open.

Operating for over 60 years, the company’s copper mine life has already been extended six years past its original life expectancy.

All three copper mines at the Mount Isa operation – Enterprise, X41 and Black Rock – are set to close, as well as the company’s copper concentrator.

Other Mount Isa mines and operations will remain open, including the copper smelter, the George Fisher mine, the zinc-lead concentrator, the lead smelter in Mount Isa, as well as the copper refinery in Townsville.

Glencore said it has conducted a range of studies and reviews seeking to further extend the life of the underground copper mines, but the end of mine life has been confirmed.

Glencore’s Lady Loretta zinc mine, located 140km north-west of Mount Isa, which was a finite orebody with a seven-year mine life, will also close in 2025.

“We know this decision will be disappointing for our people, our suppliers, and the Mount Isa community,” Glencore Australia zinc asset chief operating officer Sam Strohmayr said.

“The reality of mining is that mines have a beginning, middle and end. And unfortunately, after 60 years of operation, Mount Isa’s underground copper operations have now reached that end.

“We want to give our people as much time as possible to consider the best options for them and their families, which is why we are notifying our workers and the community almost two years before these mines close.

“Our focus over the coming months will be to work closely with our people and contractors, our suppliers, and the Mount Isa community to provide support as we move towards closure of these assets.”

Glencore’s Mount Isa underground copper mines, copper concentrator and supporting services currently employ around 1200 people.

First Quantum Minerals’ Honeymoon continues

OLIVIA THOMSON

Boss Energy Honeymoon uranium project.

Canadian-based First Quantum Minerals has commenced a maiden diamond drilling program along the Yarramba Palaeovalley on the tenements of Boss Energy’s Honeymoon uranium project in South Australia.

Boss Energy first entered into an exploration earn-in agreement with First Quantum Minerals in February 2022. The agreement covers the base metals rights of five tenements at the Honeymoon project, which commenced mining operations last week.

“With a proven track record in discovering and developing deposits, Boss considers First Quantum Minerals an ideal partner in the exploration and potential development of any base or precious metal discoveries at Honeymoon,” Boss Energy said of the agreement.

The new drilling program will target basement-hosted base metal mineralisation below the Yarramba Palaeovalley and will cover three high-priority targets identified from extensive analysis and modelling of geophysical and geochemical datasets.

It will consist of at least five diamond core holes for a minimum of 1800m drilling. Global drilling company DDH1 – which was acquired by Perenti last week – will complete the 4–6 week-long drilling program.

The geochemical assay results are expected to return within 1–2 months after the program’s completion.

“This agreement is an outstanding opportunity for Boss and our shareholders,” Boss Energy managing director Duncan Craib said.

“We have a global leader in First Quantum Minerals funding base metals exploration at Honeymoon, giving Boss significant exposure to their success at no cost to us while we focus on our goal of becoming Australia’s next uranium producer.”

After the drilling program’s completion, First Quantum Minerals may choose to earn a 51 per cent interest in its agreement with Boss by spending $6 million on exploration within five years, as well as maintaining minimum annual expenditure on the project of $500,000.

If First Quantum Minerals follows this path, it will enter into a joint venture agreement with Boss Energy.

Metso reveals India expansion

Metso has chartered a new path in India after announcing plans to extend its manufacturing capacity of mobile track-mounted crushing and screening equipment.  

The company will expand its manufacturing operations in Alwar in India. The Alwar facility will be 35 per cent bigger at 340,000 square metres.  

The Alwar facility is one of Metso’s biggest manufacturing facilities. The site employees 1300 people with a production ramp up expected to continue into the next year.  

The factory, which originally opened in 2008, was showcased on September 19 with the new expansion. Key features, according to Metso, include automated warehousing, automated assembly lines, modern painting lines and 13,000 solar panels installed to enable increased energy production. After the extension, solar energy covers 85 per cent of Alwar’s total power generation, which is the maximum permitted as per state government guidelines. 

President of the Aggregates business area of Metso Markku Simula said the expansion was key for Metso.  

”With the increased manufacturing capacity, Alwar becomes the major Metso site for increased domestic business in India and exports to Metso’s customers globally. Additionally, significant investment has been made in engineering and R&D resources, making it one of our key global engineering hubs,” he said. 

The increased capacity in India will be used for the manufacturing of mobile McCloskey and Tesab equipment. At the same site, Metso is also producing wear parts and pumps for the aggregates and mining industries. 

Metso expands into Finland

OLIVIA THOMSON

Metso has announced an expansion of its process piloting capabilities in Finland to keep up with the needs of the battery industry.

This expansion has involved Metso modernising its pilot facility at the Metso Research Centre in Pori, Finland, with expanded capabilities for lithium hydroxide and other battery chemicals process testing.

Metso has also opened a battery materials precursor pilot plant as part of the expansion, which is now available for customer trials.

“Pilot run requests for battery minerals like lithium, nickel and cobalt have increased significantly during the last three years,” Metso director for hydrometallurgical research and development Janne Karonen said.

“Currently, we are working on several battery black mass recycling and precursor projects and have several lithium and other battery chemicals project pilots on our laboratory schedule.”

Metso said the pilot facility expansion complements its front-running piloting capabilities for minerals processing and metals refining, as well as enables minerals and battery industry customers to have end-to-end testing and having its piloting services and technology and equipment deliveries come from one supplier.

The Finland expansion ties into Metso’s 20 year experience in developing sustainable hard rock lithium soda leaching technologies.

The engineering company announced earlier in the week the opening of new manufacturing facilities in Alwar, India.

Allkem Technical Collaboration on Lithium Potential in Ravensthorpe

NickelSearch与Allkem开启技术合作 股价跃升61%

2023-09-12 10:03:10 (AET) by Edward Zhang   733

矿产勘探公司 NickelSearch(ASX:NIS)提供了其在西澳大利亚Ravensthorpe附近的Carlingup镍硫化物项目锂潜力评估进展的最新进展。

【澳股资讯平台 – 61 Financial 9月11日讯】矿产勘探公司 NickelSearch(ASX:NIS)周二发布公告,提供了其在西澳大利亚Ravensthorpe附近的Carlingup镍硫化物项目锂潜力评估进展的最新进展。

公司指出,NickelSearch和Allkem Limited(ASX:AKE)已同意就Carlingup的锂远景开展技术合作。

通过合作,Allkem将为Carlingup审查锂相关数据,并就目标生成和优先级提供建议。

但NickelSearch警告称,这一安排还没有达到正式的锂合资企业的水平,也不能保证技术合作将在未来达成正式协议。如果技术合作的性质在未来发生变化,NickelSearch将根据持续报告义务向市场提供最新信息。

NickelSearch董事总经理Nicole Duncan评论道:“NickelSearch很高兴开始与Allkem进行技术合作,Allkem是位于Ravensthorpe的Mt catlin锂矿的所有者和运营商,距离Carlingup仅10公里。鉴于Mt Cattlin和Carlingup之间的地质情况相似,两家公司已同意共同评估我们项目的锂潜力。”

“Mt Cattlin的勘探团队正在分享其在绿地锂勘探方面的丰富技术专长,NickelSearch正在分享迄今为止完成的工作数据。这些讨论是基于合作精神的,成功将使两家公司为双方关系的进一步发展做好准备。”

Nickel Search Limited是一家矿产勘探公司,目前专注于在现有矿区勘探硫化镍矿床。此外,公司在西澳拥有在Ravensthorpe绿岩带覆盖107.4平方公里的矿权,该矿权位于南部的Yilgarn Craton边境和Forrestania – Ravensthorpe镍矿带,该矿带是极具前景的硫化镍矿床。

公司股价一年走势回顾:

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公司公告Allkem Technical Collaboration on Lithium Potential

Sims – metal recycle company

金属回收公司Sims公布运营更新 市场钢铁需求低迷

2023-09-11 09:56:47 (AET) by Edward Zhang   773

金属回收公司 Sims(ASX:SGM)报告称,截至2023年8月15日,市场钢铁需求仍然低迷,废钢价格似乎不足以刺激强劲的废钢供应。

【澳股资讯平台 – 61 Financial 9月11日讯】金属回收公司 Sims(ASX:SGM)周一发布公告,提供了24财年的运营更新。

报告显示,截至2023年8月15日,市场钢铁需求仍然低迷,废钢价格似乎不足以刺激强劲的废钢供应。公司进一步指出,对废钢的竞争仍然激烈,但流入减少,这挤压了利润率。该公司在所有地区都面临这些挑战,有些地区的影响比其他地区更明显。

公司透露,这一趋势是基于22财年第四季度的趋势相比较,7月管理账户,以及对8月趋势的早期理解。

8月份的管理账目现在已接近完成,结合9月份的趋势,疲软的市场状况并没有缓解。此外,此前强劲的美国国内市场正显示出走弱的迹象。

由于这些市场条件,公司预计24财年第一季度息税前利润将接近盈亏平衡,具体取决于通常的市场动态,包括发货时间和废料的最终购买价格,以完成这些发货。

在承认当前充满挑战的市场环境的同时,公司对业务的中长期基本面仍然充满信心。这种信心基于以下因素,这些因素将推动对再生金属的中长期需求,其中包括:

  • 金属密集型基础设施支出;
  • 全球炼钢脱碳,包括电弧炉的增长;
  • 目前碳密集型产品的电气化。

宏观角度而言,Sim预计整个行业对金属密集型基础设施支出和消费后废料生产的需求增加,这对金属回收(包括黑色金属和有色金属)是积极的。

同时,全球炼钢脱碳、电炉和发电行业的增长将推动对再生金属的需求。从中期来看,云基础设施回收的基本驱动力仍然是积极的。但Sims同时警告称,这些积极因素的实现存在风险,特别是地缘政治风险、宏观经济因素带来的全球不确定性,以及COVID演变的不可预测性。

公司股价一年走势回顾:

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公司公告Update On Market Conditions