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Augustus Minerals Limited (ASX: AUG) – Trading Halt
July 11, 2024
Description
The securities of Augustus Minerals Limited (‘AUG’) will be placed in trading halt at the request of AUG, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 16 July 2024 or when the announcement is released to the market.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from Augustus Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
asx stocks lithium explorationrare earth explorationcopper explorationlithium stocksrare earth stockscopper stocksasx:augresource investingResource Investing
AUG:AU
22h
Governments Double Down on Critical Minerals and Sustainability at IMARC 2024
Increasing the supply of critical minerals, advancing technological innovation, and strengthening sustainability and ESG commitments were central themes highlighted today by the Australian and NSW Governments at the International Mining and Resources Conference and Expo (IMARC).
The Hon. Madeleine King, Minister for Resources and the Hon. Courtney Houssos, NSW Minister for Finance and Natural Resources addressed attendees on the opening day, unveiling policies aimed at fostering sustainable growth, reinforcing Australia’s critical mineral supply chains, and supporting the country’s path toward net-zero emissions.
Minister King stressed the need for the industry to tell a positive story about its role and the strategic importance of a strong domestic critical minerals sector, warning that the net-zero transition is at risk without Australia’s full support of these essential resources.
“The resources sector is crucial to Australia’s prosperity and our ability to meet net-zero targets,” she said.
“The industry must continue to tell the story of its role in the energy transition, the economic benefits it provides, and the high standards of safety and environmental care it maintains.”
Minister Houssos echoed these sentiments, emphasising the NSW government’s focus on energy opportunities and partnerships to attract investment in green industries.
“NSW is on the cusp of realising the opportunities in energy, but we know we’re not alone in the global race,” she said.
“We will need six times the amount of critical minerals currently mined to meet net zero commitments – and we know all of this can be found in NSW.
“Here in NSW, our message is clear. We are open for business.”
Ms Houssos also took the opportunity to highlight the NSW Government’s recently released Critical Minerals Strategy, founded on five pillars: encouraging exploration, attracting investments, developing future-ready skills, expanding downstream processing, and ensuring responsible mining practices.
“Our new strategy sets out a clear vision for NSW to be a leader in critical minerals and high-tech metals, generating economic prosperity through responsible exploration, mining, processing, recycling and advanced manufacturing,” she said.
“We want NSW to be moving further down the supply chain. Extracting minerals is a critical first step, but we can generate strong economic returns and support more jobs by getting into processing and advanced manufacturing.”
Chief Operating Officer of IMARC, Anita Richards, said the strong government presence at IMARC reflects the importance of this global forum, where government, industry, and investors come together to set strategic priorities for the resources sector.
“IMARC 2024 not only highlights Australia's commitment to sustainable mining and net-zero objectives but also serves as a key platform for fostering innovation, collaboration, and investment in critical mineral development—paving the way for a resilient, future-ready mining industry,” Ms Richards said.
About IMARC: Collaborating on trends in mining, investment and innovation towards a sustainable future
IMARC is the premier gathering for the most influential minds in the mining industry, a dynamic hub where ideas ignite, and inspiration flows – it is the ultimate meeting ground for global industry leaders. As Australia’s largest and most significant mining event, IMARC attracts over 9,000 decision-makers, industry leaders, policymakers, investors, commodity buyers, technical experts, innovators, and educators from more than 120 countries. For three action-packed days, attendees will engage in cutting-edge learning, forge valuable deals, and experience unparalleled networking opportunities.
For media inquiries or further information on government sessions at IMARC, please contact pr@imarcglobal.com
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22h
US-Australia a Critical Alliance for the World, says DOS Energy Head
‘You could argue Australia may have the best brand of any country in the world in the US right now’
The US probably doesn’t have a stronger mining partner in the world than Australia – “a superpower when it comes to energy and especially energy minerals” – assistant secretary for energy resources at the Department of State, Geoffrey Pyatt, told the IMARC 2024 conference.
New models were needed for planning, financing, building and operating the mines of the future, Pyatt said in an exclusive IMARC interview with Gracelin Baskaran, director of the Critical Minerals Security Program at the Centre for Strategic and International Studies (CSIS) in Washington DC.
He said Australia, together with the US, could play a major role in shaping them.
“I think we’re in a moment of tremendous opportunity,” Pyatt told Baskaran.
“Across the board what I hear is a desire to find an alternative to the traditional model in this sector.
“And to do so in a way that is perceived in the developing world as equitable, as ensuring that the producer countries see the benefits of their resources, as they should expect, and that there are investments made in human capital formation and in infrastructure to guarantee that governments are able to demonstrate to their citizens that there is a reward for pulling out the commodities of their Earth in a way that is sustainable and delivers net benefit for the societies.
“We also have to significantly expand the opportunities for extraction and processing globally, and we need to do so in a way that delivers value for the producer countries.
“I think this is an area where Australia has a very strong calling card, which is the ESG principles that its companies are committed to.
“Nobody worries that an Australian mining company is going to cut corners on environmental or worker rights issues because it faces the scrutiny of its shareholders and its regulators at home.
“We’ve got to figure out, how do we market that to demonstrate, as my boss secretary [Antony] Blinken likes to say, that we are delivering a better offer, especially to the producer countries in the developing world.
“I think there’s a very strong alignment between the US and Australia on these issues.
“You could argue Australia may have the best brand of any country in the world in the United States right now.”
Pyatt said a visit to Australia earlier this year gave him a deeper appreciation of the exceptional level of innovation domestic producers and technology firms were applying to decarbonise mines and transport systems and meet other technical challenges. “It was incredibly impressive for me to see the overwhelming role that the extractive industries, and especially the mining industry, plays,” he said.
He said the US and Australian governments were working closely via the Critical Minerals Taskforce, and broader regional alliances such as QUAD and the Mineral Security Partnership (MSP), to accelerate pathways for investment.
“But at the end of the day the proof of our success is going to be what our companies are able to do together.
“I’ll always remember listening to [Fortescue executive chair] Andrew Forrest talking about his Infinity Train: an electric powered locomotive that would deliver iron ore from the mine face to ports, with essentially zero net energy requirement, by capturing the latent energy of descending to sea level and then using the storage of that energy to carry the locomotive back up to the mine face.”
Pyatt said this was the type of innovation that would fire greater collaboration between US and Australian companies.
Baskaran said current multilateral and bilateral critical minerals supply chain alliances needed to be developed further, quickly, in the face of low incentive prices for key metals, dipping global private mining investment – outside of the gold and copper sectors – muted consumer spending on EVs and other goods, and the fact that China “is no longer the world’s biggest engine of growth”.
“Governments need to step in and create incentives for private sector investment,” she said.
“We need to focus on building responsible mining practices to reduce the friction between government, mining companies and indigenous communities.
“We need to invest in recycling … and the circular economy.”
“And we need to create a more mutually beneficial mining model to ensure countries are benefiting from their resources in an equitable manner.”
Baskaran said strong bipartisan support in Washington for the range of measures and steps taken to help create new resilient, secure mineral supply chains now recognised across the US political divide as being “of utmost importance to our national security, energy security and economic competitiveness” meant the looming US election result was unlikely to alter the present course.
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22h
Murray Engineering Puts Star Products Under IMARC Spotlight
Market responding strongly to innovative designs
One of Australia’s largest multi-disciplined mining and civil engineering companies will again take centre stage on the IMARC exhibition floor this year, presenting visitors with innovative products that have been well received in key markets.
Murray Engineering’s positioning at the entrance to the huge ICC Sydney IMARC exhibition area means attendees will get a good look at the Talon BPX ground engaging tools (GET) and JumboGuard drilling safety system that have been such a hit with Murray’s large mining client base.
The company will also again show off part of its electric vehicle charger range.
Murray said a year ago it planned to transform GET safety and longevity at major underground mining contractor Byrnecut’s sites over a 12-to-18-month period by deploying Talon BPX GET and key account manager Nathan Bradshaw says progress has been swift and well received.
“We have currently completed over 50 loader conversions and will continue the rollout next year whilst we continue to work with Talon on product development and improvement, ultimately driving down the operating costs for our customers,” he says.
“We have seen a massive reduction in downtime when the bucket teeth are eventually required to be changed out.
“Then there is the significant improvement in safety with the hammerless design as well as a reduction in manual handling.
“It is truly a win-win for the team.”
The Malaysian-made Talon BPX GET has a hammerless mechanical system with a pull-on/push-off mechanism that actively moves the shroud on the lip during installation and removal, significantly enhancing the safety of maintenance personnel.
Murray has also worked with Talon to introduce a “closed-loop recycling system” in which worn GET is collected on site and returned to the foundry to be re-processed into new units.
“We have seen our customers, improve safety, reduce operating costs and really engage with the recycling program,” Bradshaw says.
“We have currently sent over 65 tonnes of waste product back to the foundry for processing.
“It gives our customers the confidence that we are genuinely engaging in the total life cycle of the product, from the foundry to the foundry.
“We are currently talking to many potential customers about the product introduction.
“When you can offer improved safety with a reduction in operating costs and a reduction in downtime with a closed-loop recycling program, it really is a no-brainer.
“It’s an amazing product.”
JumboGuard, a multi-award-winning product designed in Australia by Victoria’s YUMARR Automation, has been in the market longer than the Talon GET but its market momentum has been equally impressive.
YUMARR developed a laser scanner-based jumbo assistance system that can be retrofitted to all types of underground drilling equipment, including production drills, cable bolters and development drills. The system “observes” the machine's surroundings and monitors the movement of people. If a person moves into a hazardous area or if a hazard is detected it shuts down the boom hydraulics, blocking movement and rotation of the drifter and boom.
Murray control systems manager Michael Finney says more than 250 of the units have been sold in Australia and now the first JumboGuards have been deployed at sites offshore.
“We are now deploying generation two units,” Finney says.
“We are constantly reviewing data and feedback provided by our customers to ensure the best possible performance from the system.”
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29 October
NDP Squeaks Out Victory in Tight BC Race, What it Means for Mining
Although the final ballot was cast on October 19, BC's 43rd provincial election was so close in several ridings that a tally of 22,000 absentee ballots was needed to decide the winner.
With 47 seats required in provincial parliament to form government, incumbent David Eby and the New Democratic Party (NDP) narrowly took control. The Conservative Party won 44 seats, and the Green Party holds two seats.
While Conservative Party leader John Rustad has conceded and Eby has claimed victory, a judicial recount is planned for Surrey-Guildford and Kelowna Center, two ridings with very close tallies.
"Today, I met with Lieutenant Governor Janet Austin. She has asked me to form the next government. We will, and we will work hard every day to earn the trust you have placed in us,” wrote Eby.
"People want their elected representatives to deliver results," he continued. "With renewed determination, we will build on the progress we’ve made to reduce daily costs like car insurance and childcare, hire thousands of health care workers and get you a family doctor, deliver homes you can afford, and make sure our economy works for everyone — not just those at the top. There is so much more work to do to lighten the load for people."
What does BC's election mean for the mining industry?
In late September, the NDP and the Conservative Party shared their proposed plans for the province's mining sector, presenting contrasting visions for resource development in the region.
The NDP platform focuses on expanding BC's critical minerals sector with streamlined permits, a Critical Minerals Office, clean energy infrastructure and strong Indigenous partnerships to ensure sustainable, community-oriented growth.
Meanwhile, Rustad's Conservatives criticized the NDP’s "excessive red tape" and lack of rural investment, proposing instead to reduce regulatory barriers, accelerate permitting and invest in infrastructure.
The plans to revise permitting measures drew ire from the province’s Indigenous community, particularly the Conservative Party's plans to “repeal the Declaration on the Rights of Indigenous Peoples Act (DRIPA)”.
In a statement released in early October, the Tŝilhqot’in National Government denounced the Conservative Party's proposed plans, citing potential threats to the environment in BC.
“The path that the BC Conservatives has outlined for British Columbia is a path of conflict on the land and in the courts. DRIPA is an essential framework to hold B.C. to international laws and standards, to implement the human rights of Indigenous peoples in B.C., and to resolve long-standing conflicts in this Province based on recognition and respect, in a manner that benefits all British Columbians,” the document reads.
The Tŝilhqot’in National Government represents the Tŝilhqot’in people, a nation of six communities across Tŝilhqot’in (Chilcotin) territory in BC. The Tŝilhqot’in hold a unique legal status in Canada as the only nation with a court-recognized Aboriginal title, established through the landmark Tsilhqot’in Nation vs. BC case.
“The BC Conservative platform also seeks to streamline resource project permitting, favoring efficiency and simplicity over meaningful engagement and environmental oversight,” the release further explains, also noting that Indigenous communities stand to face the most impact from resource extraction and potential fast tracking.
In recent years, Indigenous communities in BC have raised significant concerns over mining regulations that allow companies to stake mineral claims on traditional territories without prior consultation or consent.
Historically, under BC's Mineral Tenure Act, companies could stake claims for minimal fees, often online with no notification to First Nations. This has led to a proliferation of claims in Indigenous lands, impacting environmental stewardship and cultural sites.
Communities like the Gitxaała Nation have challenged these practices in court, seeking stronger rights over land use decisions. In a 2023 case, the Supreme Court of BC ruled that the government must consult with First Nations before approving mineral claims, a decision that marks a step forward, but falls short of the full consent many Indigenous groups have advocated for under the UN Declaration on the Rights of Indigenous Peoples.
Despite the ruling, the court did not halt existing claims.
While BC’s Indigenous communities await more land use oversight and clarity, the United Steelworkers Union issued a statement on Monday (October 28) supporting both leading parties.
"Both the NDP and Conservatives promised more-efficient permitting in the sector, investments in rural infrastructure, working with First Nations and building BC as a critical mineral hub,” wrote Scott Lunny, director for the United Steelworkers District 3. He also tipped his hat at the NDP's resource platform.
“It looks like a coalition in the making. Although, since the NDP also promised to 'maintain environmental and safety standards' and create new 'union-led training programs to help workers keep pace with the changing nature of mining,' they get a couple of extra check marks on my scorecard,” he added.
A 2024 report from the Mining Association of BC pegs the value of 16 development-stage critical minerals mines in the province at C$24.8 billion over an average mine life span of 24.1 years.
Investing in critical minerals is seen as an essential step for BC as the move will leverage the province's advantages across the supply chain, including recycling electric vehicle batteries at facilities like Teck Resources' (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) Trail smelter in Southern BC.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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29 October
Basin Energy Limited (ASX: BSN) – Trading Halt
Description
The securities of Basin Energy Limited (‘BSN’) will be placed in trading halt at the request of BSN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 31 October 2024 or when the announcement is released to the market.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from Basin Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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28 October
TRS Boomsafe and Steelwrist Introduce Automated Attachment Changes for Crushing Plants
Total Rockbreaking Solutions (TRS) announces a groundbreaking solution for attachment changeovers in crushing plants that minimises downtime, increases safety, and maximises productivity for mining operators.
TRS BoomSafe® boom control system has been programmed to work with the SteelWrist fully automatic quick couplers that allow fully automatic attachment changes, eliminating the need for manual intervention.
Time is a critical factor in any crushing plant, where delays can significantly impact production. Equipment disruptions, such as the need to service a hammer or change its tool, are inevitable. However, with advanced systems like BoomSafe® paired with Steelwrist's automatic hydraulic connection, attachment switching is now faster and safer, eliminating the need for manual intervention.
Operators can now keep crushing plants running seamlessly with BoomSafe®'s automated attachment changeover feature. At the press of a button, BoomSafe® automatically connects, disconnects, and switches between attachments such as hammers, without any manual effort from the operator.
The BoomSafe® system is designed to work in perfect synchronisation with Steelwrist quick couplers, which comply with the Open-S industry standard for fully automatic quick couplers. This integration ensures a fully automated attachment change, preventing the need for manual steps like disconnecting hydraulic hoses, unlocking pins, or bleeding the system. The result is faster, safer transitions between attachments, minimizing leakages and pressure drops.
Benefits of BoomSafe® and Steelwrist Integration:
- Automated Switching: Attachments can be changed quickly, keeping production running smoothly.
- Increased Safety: Eliminates the need for manual intervention, reducing the risk of injury.
- Improved Efficiency: No need to manually close valves or purge for trapped gases, saving valuable time.
About BoomSafe®
BoomSafe® is a purpose-built boom control system designed to optimize the operation of fixed pedestal boom systems. It offers remote operation, automated movements, and advanced collision prevention, making it the most reliable and cost-effective automation and remote-control solution on the market. BoomSafe® has been successfully installed across multiple sites and is recognized for its rugged design, ease of customization, and low maintenance.
About Steelwrist Quick Couplers
Steelwrist quick couplers allow fully automatic attachment changes in compliance with Open-S, the open industry standard. This ensures compatibility, reliability, and performance, enhancing the efficiency of mining operations worldwide.
About Total Rockbreaking Solutions (TRS)
Total Rockbreaking Solutions (TRS) is a Western Australian-owned company specialising in the design, sales, and service of boom systems, boom control technologies, hydraulic power units, and a wide range of specialist hydraulic attachments for the mining, construction, civil works, and recycling industries.
For more information, contact TRS at 1300 921 498, email engineering@trswa.com.au, visit https://www.totalrockbreaking.com.au/applications/mining-quarrying/boomsafe-boom-automation-and-control-system/ or view the demo video on https://youtu.be/Gv6DT0kJ6b0
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