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European Lithium signs MoU for Saudi Arabia plant

ASX-listed European Lithium has signed a non-binding memorandum of understanding (MoU) with Saudi Arabian major Obeikan Investment Group to build and operate a hydroxide plant in Saudi Arabia for the Wolfsberg lithium project, in Austria. Under the MoU, the two...

Hydrogen Gold starts share trading

Hydrogen hopeful Gold Hydrogen has started trading on the ASX following an initial public offering (IPO) in which it raised A$20-million. The company issued 40-million shares during its IPO, at an issue price of 50c each, with stocks trading at 51c a share...

Alamos sees higher output, lower costs going forward

Alamos CEO John McCluskey Canada-based Alamos Gold has met its full-year 2022 production guidance and expects to also meet its cost guidance, with a significant decrease in costs in the second half of the year, driven by the ramp-up of low-cost production...

Carbon credits to be capped at $75 per tonne

The cap is designed to shield companies, including miners, affected by the Federal Government’s draft emissions-reduction policy from the risk of future cost increases. Under the draft policy, from July 1 Australia’s largest polluting sites – including many...

Evolution satisfies earn-in milestone

Evolution Mining has satisfied the earn-in requirement under the Cue Project Earn-in and Exploration Joint Venture Agreement to earn a 75 per cent interest in the Cue JV in WA’s Murchison district. An unincorporated joint venture has now been formed, with Evolution...