Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Glencore targets 81Mtpa Australian coal capacity through its surprise counter-bid for Rio Tinto and Mitsubishi's Hunter Valley mines.

The proposed merger of West Australian companies Anova Metals and Exterra Resources will establish a well-funded miner with producing gold operations on two continents by the end of 2017. John Feary reports

Westgold Resources acquires leading underground contractor Australian Contract Mining as part of an owner-operator strategy to lower costs and improve flexibility. John Feary reports

Ramelius Resources has picked MACA to take up the mining services contract at its expanding Mount Magnet gold project in Western Australia, giving the contractor its third new client success in the last three months. John Feary reports

Minera in court to throw up the barricades to protect its Ollachea Gold Project after repayment on $70M bridging loan expires

Asanko Gold argues the flexibility of the two-stage modular expansion plans for its Asanko mine in Ghana counters the speculation about its cash position sparked by US hedge fund Muddy Waters

IAMGOLD double as it welcomes a new Canada gold project partner in Sumitomo and PFS flagging a $1.42B operation producing 320,000oz over 17-years. By MBM’s North American correspondent

New studies put low cost start-up on Trigon Metals’ $75M Kombat copper project in Nambia

Atalaya Mining is hoping for a big copper production jump from a new study on its Spanish copper mine at reduced costs

Wollongong Coal is seeking a short-term solution after the appointment of voluntary administrators to mining contractor Delta SBD forced the closure of its Wongawilli coal mine in NSW, Australia.

Rockwell Diamonds' new chief Tjaart Willemse says hard decisions made in late 2016 have enabled the South African diamond producer to survive a challenging 12 months.

Northern Empire completes $10M+ gold project acquisition, $20M raising and gets new major shareholder in Coeur Mining. By MBM’s North American correspondent.

Scandium International moves closer to development of the world's first scandium-only mine at Nyngan in Australia with the award of the EPCM contract to Lycopodium.

The increasing demand for premium quality in global iron ore markets has seen Carpentaria Exploration build a strong portfolio of blue-chip customers for its Hawsons magnetite project in New South Wales, Australia.

A positive scoping study on the initial $226M capex Mutamba heavy minerals project in Mozambique envisages base case $3.53B revenue over an initial 30-year LoM, beginning in 2020

Image Resources has expectations of producing the first heavy mineral concentrate from its Boonanarring project in Western Australia as early as March next year on the back of a strong feasibility study. John Feary reports

(UPDATE)
Tanzanian presidential inquiry committee report over-stated Acacia Mining's exports of precious metals in concentrates by more than 10 times, miner claims.

A tax evasion investigation into possible undeclared and undercharged commodity exports, including Acacia Mining, has cost Tanzania’ mining minister his job and seen the govt’s audit agency disbanded.

Millennium Minerals is reviewing changes to the mine plan for at its flagship Nullagine project in Western Australia after suffering more rain misery in the June quarter. John Feary reports

Renascor Resources is moving on to advanced feasibility work after a scoping study outlined highly encouraging project economics for its Siviour deposit, part of its Arno graphite project on the Eyre Peninsula in South Australia.

The Kwale mineral sands mine in Kenya is facing a shorter but more profitable life after Base Resources approved an expansion project that will shorten mine life, reduce costs and increase annual output.

Privately-owned, 3-year-old explorer Vitrinite has outlined 194Mt of new coal resources in Queensland, Australia’s Bowen Basin. By Mark Mentiplay

The DRC Govt will re-introduce a new revenue raising mining code this week after the 1st attempt was thwarted by mining companies and lower commodity prices

Facing cash-flow problems after its CEO and CFO were fired amidst an on-going financial scandal, Asa Resource Group is hanging on with gold prodn down, but nickel up

Investor Pallinghurst Resources launches all-scrip bid to bring now valued £212M gemstone producer Gemfields into the fold.

First Quantum Minerals’ big Cobra Panama Copper Project is knocking over the milestones on its road to commissioning next year

UK company Stratex International has signed a non-binding heads of agreement for an all-scrip takeover of Brazilian-focused explorer Crusader Resources, aiming to form a mid-tier international miner with substantial cash reserves and projects in Brazil, Africa and Turkey.

Champion Iron lines up $40M financing and 3Mtpa off-take to support its plans to resume commercial operations at the Bloom Lake iron ore mine in Canada's Labrador Trough.

Central Rand Gold has bought industrial peace at its South African operations by promising workers a bonus, but its continuing financial crisis has the miner contemplating the sale of its working assets.

Gran Colombia still has up to 160,000oz gold in its FY/CY17 sights after Q1 17 production slip along with increased costs

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