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Mining Bulletins

The full story: In-depth news and analysis

Tasmanian iron ore mine problems cutting ore access has more than halved Grange Resource’s H1 17 net profit to $14.3M

OZ Minerals makes a significant step towards realising its strategy of becoming a multi asset miner with board approval for the $916M development of the Carrapateena copper-gold mine in South Australia.

Gold miner Silver Lake’s FY17 profit halved, despite increased production, with new projects flagging higher production in FY19-FY20.

Australian low-cost nickel producer Western Areas looks towards growth options after turnaround to $19M full year profit. John Feary reports

Latest drilling has lifted gold resources at the Filo mine on the Chile-Argentine border to 6.5Moz, copper to 4.2Blbs copper and silver to 170Moz open pittable

Top-5 Caterpillar mining equipment dealer, WestTrac, is selling its Chinese mining machinery division to Chinese major for $540M

BHP forecasts more productivity gains in the coming years on top of its return to $6B attributable profit in FY17.

One-offs send AngloGold to first half loss as it steps up capital investment to reduce costs and extend mine lives across its international gold asset portfolio.

Rising prices and improving efficiencies have enabled world iron ore No 4 Fortescue to more than double full year profit to $2.1B. John Feary reports

Despite lifting its suspension of Kingsgate’s Chatree Gold Mine, the Thai govt has ruled out any monetary compensation for losses incurred by the mine’s closure

BHP has given the long-awaited go-ahead for $US2.46B investment in expanding production and extending the life of its wholly owned Spence copper mine in N Chile.

With H1 17 DRC gold production down and costs up, Banro has pulled its 230,000oz FY17 guidance.

An excellent H1 17 has seen Kaz Minerals more than double its bottom line profit to $185M on higher production, lower costs and with new expansion coming on stream

A 4 times jump in non-recurring items is expected to see gold-platinum miner Sibanye Gold plunge $382M from an H1 16 profit to H1 17 $360M loss

Evolution Mining is predicting more of the same in the coming year after the acquisition of a 30% interest in Glencore's Ernest Henry mine helped it lift FY17 statutory net profit after tax to a record $A217.6M.

Mineral Resources says innovations it has implemented in the course of the last 12 months at its West Australian iron ore operations will continue to improve its bottom line in FY18 and beyond.

India’s 1st privately-owned open pit gold mine in 70-years gets Geomysore go-ahead following positive preliminary FS flags 140,000oz over initial 7-years

Explorers Spitfire Materials and Aphrodite Gold are getting together to bring on their neighbouring advanced gold projects in Western Australia. By Mark Mentiplay

Increased Q3 17 gold production and revenue has failed to stop Orvana Minerals’ net loss blowing out to $3.44M

Mandalay Resources has plunged from profit to an H1 17 $12.5M loss, with the flood-forced closure of the Cerro Bayo mine also severely cutting FY/CY17 expectations

Big African contractor BCM is buying Endeavour Mining’s 100,000oz+ pa Nzema Gold Mine in Ghana for $65M cash

Increased H1 17 earnings and gold production as Tahoe Resources suspends dividends and guidance estimates as anti-mining protests suspend prime Guatemala producer. By MBM’s North American correspondent

Glencore has again signalled it is in no particular rush to give the go-ahead for development of a multi-billion dollar thermal coal export project in Australia's Surat Basin despite the long-awaited award of its mining licences

It’s been a good H1 17 for chrome/ferrochrome partner Merafe Resources – record prodn for a big profit jump to R486.6M

Prairie Mining has hit back at criticism of its advanced feasibility-stage Jan Karski mine in the Lublin Coal Basin in the country's southeast.

The declaration of a maiden resource estimate at its probable first underground mine site supports the ambitious expansion plan by Millennium Minerals at its flagship Nullagine gold project in Western Australia. John Feary reports

If Canadian-based miner Kirkland Lake Gold was enthusiastic about the declaration of over 1Moz of reserves at its Fosterville gold mine in central Victoria, the Australian state's resources minister was euphoric.

Lucara Diamond Corp has cut FY17 diamond production after reduced Q2 17 output from its Botswana operation halved H1 17 net income to $30.6M.

Despite lower gold/silver production yielding a Q2 17 $1.7M loss, America’s miner McEwen Mining is expecting steady FY/CY17 output of 144,000oz AuEq

Squeezed out of the Philippines by the anti-mining policies of President Rodrigo Duterre, miner Red 5 has outlaid $35M to acquire two projects with the aim of establishing a West Australian mining and processing hub. John Feary reports

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