N Newcrest Mining Limited

Gold Miners Benefit As Record High Gold Prices Surge Amid Global Uncertainty

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Minres Expands Onslow Iron With $3.5b Build Ken’S Bore Mine Near Onslow Was Once Empty Red Desert. Today, It Sits At The Centre Of One Of Australia’S Largest New Iron-Ore Developments, As Mineral Resources Continues To Scale Up Its Onslow Iron Project In Western Australia. New Mines, Port And Haul Road Minres Is Expanding The Onslow Iron Hub With New Mining Areas, A Deep-Water Port And A 150-Kilometre Auto-Haul Road Designed For Autonomous Road Trains. The Infrastructure Forms Part Of A $3.5 Billion Investment Aimed At Building A Large, Long-Life Iron-Ore Operation With Efficient Logistics. Focus On Cost And Scale The Project Has Been Designed With Cost Control In Mind. Minres Has Previously Sold A Stake In The Haul Road Infrastructure To Reduce Capital Requirements While Keeping Access To The Critical Transport Corridor. Competing In A Changing Market As New Iron-Ore Supply Comes Online Globally, Including From Major Projects In Africa, Minres Is Positioning Onslow Iron To Compete On Cost And Reliability. The Success Of The Project Will Depend On Whether Its Scale And Infrastructure Can Deliver The Low-Cost Edge The Company Is Building Toward.

Reedy Gold Mine Set For New Chapter The Old Reedy Gold Mine In Western Australia Is Set To Get A Second Chance, Following A Major Corporate Restructure By Westgold Resources. Westgold Has Announced Plans To Spin Out The Reedy Project, Along With The Nearby Comet Project, Into A New Asx-Listed Company Called Valiant Gold. Fast Track To Processing Under The Proposed Structure, Ore From Reedy And Comet Will Be Processed At Westgold’S Existing Plants. This Removes The Need For Valiant To Build Its Own Processing Facilities, Providing A Lower-Capital And Faster Pathway Back To Gold Production. The Reedy And Comet Assets Include Historic Underground Mines With Recent Production History And Established Infrastructure. Westgold Retains Exposure Following The Spin-Off And Ipo, Westgold Will Retain Up To 48 Per Cent Of The New Company. This Allows Westgold To Stay Exposed To Any Upside From Future Production Or Exploration Success, While Focusing Its Capital On Larger, Core Operations. Unlocking Smaller Gold Assets The Spin-Out Structure Is Designed To Unlock Value From Smaller Gold Assets That May Struggle To Compete For Capital Within A Larger Producer. With A Dedicated Management Team And Access To Processing Infrastructure, Valiant Gold Is Positioned To Advance Reedy And Comet Independently — Raising The Question Of Whether This Model Could Become A Blueprint For Reviving Other Historic Gold Mines Across Western Australia.

$Rio Greenlights $1.1b Pilbara Mine Expansion Rio Tinto Has Approved A $1.1 Billion Expansion At Its West Angelas Hub In The Pilbara, Western Australia, Alongside Japanese Partners Mitsui And Nippon Steel. Where It Is West Angelas Is A Major Iron Ore Operation In The Pilbara And Has Been Mining Since 2002. What The Expansion Does The Plan Is To Develop New Iron Ore Deposits Within The Robe River Joint Venture, Supported By State And Federal Approvals. Why It Matters Rio Says The Project Helps Maintain Production Around 35 Million Tonnes A Year, Keeping Pilbara Exports Moving, More Trains, More Shiploads, And The Same Long-Running “Pilbara Workhorse” Operating For Longer.

Bhp Sells $3b Stake In Pilbara Power Network Mount Whaleback — One Of The World’S Largest Open-Cut Iron-Ore Mines — Depends On A Vast Inland Power Network That Keeps Crushers, Haul Roads And Remote Camps Running Across The Pilbara. This Network Supplies Electricity Not Only To Mount Whaleback, But To Bhp’S Broader Western Australia Iron Ore (Waio) Operations And The Nearby Township Of Newman. Blackrock Buys Nearly Half Bhp Has Sold A Near-Half Stake In This Power System To Us Investment Firm Blackrock’S Global Infrastructure Partners Division In A Deal Worth $3 Billion (Aud Equivalent). Despite The Sale, Bhp Retains Operational Control Of The Network. The New Structure Means Bhp Will Pay An Agreed Tariff For The Electricity It Uses Over A 25-Year Period. Freeing Up Capital For Growth Bhp Says The Move Allows It To Recycle Capital From Long-Life Infrastructure Into Higher-Return Opportunities Across Its Iron-Ore Business. Industry Analysts Note The Deal Is Aimed At Improving Capital Efficiency While Maintaining Stable Power Supply To Essential Mining Operations. Why It Matters Power Reliability Is Core To Pilbara Iron-Ore Production, And The Deal Does Not Affect Existing Agreements With Traditional Owners, The Wa Government, Or Local Communities. With Global Iron-Ore Competitors Tightening Costs And New Supply Emerging, Bhp Is Positioning Itself To Maintain Long-Term Productivity And Financial Flexibility. What Happens Next The Agreement Is Subject To Approval From The Foreign Investment Review Board (Firb), But No Operational Changes Are Expected. Bhp Has Reiterated Its Medium-Term Goal Of Lifting Pilbara Iron-Ore Output Toward 305 Million Tonnes Per Year.