The Australian Mining Review

WA miners and explorers affected by fuel security issues are now able to apply for exemptions on minimum expenditure requirements for their tenures.The new policy, enacted by the WA Government, aims to ease the cost burden on local companies amid an ongoing period of elevated fuel prices.Minimum expenditure requirements are a central feature of WA’s mining tenure system, intended to promote active exploration and development and deter land banking or tenement warehousing.However, the WA Government recognises that given prevailing fuel security issues, strict compliance with expenditure requirements may be contrary to the interests of the state.WA Mines and Petroleum Minister David Michael says the WA Government is committed to easing the burden on its mining sector.“I’m acutely aware that the high cost of fuel and in some cases supply issues are creating significant challenges for our exploration and mining sector,” he said.The new policy will be reviewed at the end of 2026.

Fortescue (ASX: FMG) has significantly boosted its green energy spend to fast-track the delivery of its Pilbara green energy grid as the company finishes Q3 with a cash balance of $5.89b .During Q3, Fortescue shipped 48.4mt of iron ore, a 5% year-on-year increase, bringing the total volume for FY26 so far to a record high of 148.7mt, despite major weather disruptions impacting production at its Iron Bridge operations and lower realised hematite prices.Hematite C1 unit costs were 4% lower than the previous quarter, contributing to an average unit cost of US$18.52/wmt for the first three quarters of FY26.The company finished the quarter with a net debt of $2.24b after recording a capital expenditure of about $1.28b and a payout of $1.82b in interim dividends.Fortescue also confirmed its board had approved an additional $954m spend on top of the already approved $8.7b , to develop new green energy infrastructure to meet growing industry power demands, largely driven by data centres.Fortescue metals and operations chief executive Dino Otranto says the company is already seeing the benefits of decarbonising its operations.“Given volatility in global energy markets, there’s never been a clearer reason why this matters,” he said.Unlike other large renewable hubs, which feed intermittently into national or other power systems, Fortescue’s off-grid system is expected to be the largest of its kind dedicated to decarbonising major industry.Fortescue anticipates the 290MW of installed renewable capacity to meet the fixed energy requirements of its ore processing facilities, enabling daytime “green processing” across its Pilbara operations, by early 2027.The system is expected to ramp up to power all of Fortescue’s operations for 24-hour periods completely without fossil fuels by the end of 2027, well ahead of the companies previous Real Zero by 2030 target.Fortescue executive chairman Andrew Forrest says the company is already demonstrating in the Pilbara that heavy industry can operate on a fully integrated renewable grid.“We are now extending this model to new customers, particularly data centres, helping meet one of the fastest growing sources of demand in the world,” he said.Fortescue is expecting full completion of its Pilbara green grid by the end of 2028, which includes 1.2GW of solar capacity, more than 600MW of wind generation and 4-5GWh of battery energy storage.During the quarter, Fortescue also completed its acquisition of Alta Copper, making its official move into the copper industry as it took over ownership of the Cañariaco copper project in Northern Peru.

South32 (ASX: S32) has reported solid operating and financial performance for Q3 FY26, maintaining production guidance across all operations except Australia Manganese.   The company delivered net cash generation of US$121m despite weather disruptions and continued investment in growth. South32 chief executive Graham Kerr said several operations delivered strong results during the quarter, supported by higher aluminium prices, record year-to-date production at Brazil Alumina, and a record US$135 million distribution from Sierra Gorda. Group alumina production increased by 1% year to date, while aluminium production was broadly unchanged, with Hillside Aluminium continuing to test maximum technical capacity. At Australia Manganese, however, FY26 production guidance was revised down 6% to 3,000kwmt, reflecting elevated site water levels, wet season rainfall and impacts from Tropical Cyclone Narelle. South32 said strong operating performance and commodity price support helped offset US$158m in growth capital expenditure at the Hermosa project during the quarter, with the company’s balance sheet supporting ongoing investment in copper, zinc and silver growth. At Hermosa, South32 reported progress in federal permitting under the FAST-41 process, alongside continued advancement of underground and surface infrastructure at the Taylor zinc-lead-silver project. Cannington remained on track to meet production guidance despite significant flooding in northwest Queensland, while Sierra Gorda maintained guidance despite wet weather impacts in Chile.  South32 also highlighted potential costs pressures linked to higher freight rates, raw material prices and stronger producer currencies, while noting measures have been implemented to mitigate supply chain risks associated with conflict in the Middle East. Following the quarter, the company paid a fully franked interim dividend of US$175m, while continuing its capital management program 

A new report commissioned by the Mineral Councils of Australia (MCA) Victoria has found that lifting Victoria’s gold production to 1mozpa by 2035 could support more than 10,000 jobs across mining and related services.  The industry body is now calling for policy settings to support a new wave of mine development and exploration.  “Despite the increased price of gold in recent years, production has fallen from its 2021 peak, reinforcing the need for better policies to encourage mining investment and exploration – converting advanced gold projects into new mines,” the MCA Victoria said. “Tripling gold production would also quadruple gold royalties to $188mpa to fund vital services and infrastructure across the state.  “In this context, the Victorian Government should support new mines and increased production, because royalties on increased production will deliver significantly more for all Victorians – especially if a share of royalties is allocated to regions where mines are located. “All parties contesting this year’s Victorian state election should commit to more efficient permitting processes, bringing more royalties back to local communities, investing in geoscience education and incentivising exploration and processing to make the most of Victoria’s mineral endowment and ensure workers share the benefits.” Regional Victoria is identified as a key beneficiary, with existing gold operations in Bendigo, Ballarat and Stawell, alongside prospective developments in Maldon, Kilmore and the Loddon Shire. The report notes Victoria’s historic status as a major gold province and says modern mining practices present an opportunity to expand gold production, provided exploration access, investment setting and permitting processes support development. 

Rio Tinto (ASX: RIO) will donate $1.5m to the WA Department of Fire and Emergency Services (DFES) to support communities impacted by Severe Tropical Cyclone Narelle.The donation will help establish a recovery and resilience fund that will be administered by the DFES. The fund will support clean-up and rebuilding, restoration of essential services, assistance for households and small businesses and initiatives that strengthen preparedness ahead of future cyclones.WA Emergency Services Minister Paul Papalia comments on the initiative.“WA is no stranger to severe weather, and Severe Tropical Cyclone Narelle is a reminder of how important it is that we are prepared and able to respond quickly when communities are impacted,” he said.“This contribution will help strengthen the state’s ability to prepare for future events. I thank Rio Tinto for stepping up and backing Western Australians and our emergency services.”Rio Tinto iron ore chief executive Matthew Holcz says the company’s focus is on helping affected communities access support and strengthening their ability to recover from future events.“The Department of Fire and Emergency Services and other frontline organisations play a critical role in keeping Western Australians safe, and we are proud to support their work alongside the many volunteers and agencies helping people through this recovery,” he said.“We extend our thoughts to everyone impacted, and we thank the emergency services personnel and community groups who have worked tirelessly to respond. We hope this support helps communities rebuild and move forward.”In addition, Rio Tinto employees can support recovery efforts through the company’s employee giving program, RioGivers, where matched giving helps amplify the impact of individual donations to communities affected by Severe Tropical Cyclone Narelle.

The WA Government has allocated $30m to expand a fee waiver initiative that will support Tianqi Lithium Energy Australia and Covalent Lithium.The initiative will offer a waiver on government fees and charges for the companies until December 31, 2027.WA Mines and Petroleum Minister David Michael says Tianqi Lithium Energy Australia and Covalent Lithium have a vitally important role to play in critical minerals processing in WA and are a key component of the EV battery supply chain.“The Government believes it is crucial to support these two strategically important businesses while they battle with volatile commodity prices amid a period of rising costs; that’s why we decided to extend the crucial fee waiver initiative,” he said.“This initiative provides support ahead of the introduction of the Critical Minerals Production Tax Incentive, which provides a 10% rebate on processing costs and comes into effect on July 1, 2027.”The WA Government will also commit $5m in funding to develop standards for the reuse of lithium by-product in construction materials, aimed at reducing disposal costs.This follows the WA Government’s announcement earlier this month of a $15m allocation for interest-free loans to help WA’s nickel miners still in operation and support the potential restart of idled mines and ramp-up of new projects.