Algae and mining: A new frontier in sustainable site rehabilitation

Algae might seem an unlikely candidate to help transform Australia’s post-mining landscapes, but a new CSIRO -led project suggests these tiny aquatic organisms could provide sustainable futures for mine sites, surrounding ecosystems, and local communities. Looking down the microscope at the microalgae Nannochloropsis Australia’s mining sector is approaching a crossroads—where economic legacy and environmental responsibility must find common ground. A new CSIRO -led study, supported by the Cooperative Research Centre for Transformations in Mining Economies (CRC TiME), suggests that one of the most promising bridges between these imperatives may come from an unexpected source: algae. Though small in stature, algae are emerging as giants in their potential to transform post-mining landscapes. The study, developed in partnership with the University of Queensland and Murdoch University , proposes that algae-based technologies could reduce mining’s environmental footprint while seeding new...

Merged Olympus to replace Zedex on ASX

Following its amalgamation with Olympus Pacific Minerals Inc (TSX: OYM) on 17 December 2009, Zedex Minerals Limited will cease to trade on the Australian Stock Exchange. Olympus is expected to list on the ASX on 29 January with the code OYM.

According to CEO David Seton, Olympus is now positioned to expand gold production in Southeast Asia from its core properties and has established a production time line that increases the company's annualized production to 115,000 oz of gold by early 2012 and a production pipeline capable of further expansion to some 300,000 oz by 2014. The company is also finalizing 2010 exploration budgets to further expand its Reserve and Resource Estimates in East Malaysia and Vietnam.