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...

China Sci-Tech acquires Peruvian copper property

China Sci-Tech has announced its acquisition of Canadian listed Chariot Resources Ltd. for $ 232 million. The Hong Kong-based company is also acquiring Queensland Lady Annie copper project from Cape Lambert Group.

Chariot owns 70% of the Marcona copper property which has the Mina Justa project in southern Peru. Marcona covers over 32.000 hectares and comprises five prospects with Mina Justa project as the principal exploration and development prospect.

Owen Hegarty, former founder of Oxiana Ltd. which was absorbed into OZ Minerals Ltd, is currently vice chairman of China Sci-Tech's subsidiary G-Resources Group Ltd. (HKEx: 1051).

On completion of the transaction he will be executive director and vice chairman of CST, while Damon Barber former Managing Director and Head of Metals and Mining Asia for Deutsche Bank will become CEO.

"The acquisitions represent a major strategic step made by the company to transform into a leading copper mining company. Going forward, we will continue to look for quality investment opportunities copper Aiming to further enhance shareholder value," said CST chairman, Tao Chiu, as quoted by mineweb.