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World No 4 iron ore producer Fortescue Metals has continued its strong start to FY23, with Dec qtr (Q2) shipments of 49.4Mt from its West Australian Pilbara system bringing it closer to its annual target rate of 200Mtpa. C1 costs of production improved to $US17.17/wmt ($17.69/t).
Exec chairman Andrew Forrest says the production increase, from 47.5Mt in Q1, has been achieved ahead of the commissioning of its Iron Bridge operation. Its...
Australian pellet producer Grange Resources has wrapped up a challenging year for its Savage River magnetite mine in Tasmania, lifting Dec qtr (Q4FY2022) concentrate production to 667,645t from 655,316t in the previous period.
Pellets production was 606,963t (Q3: 639,713t), ending the year with stockpiles of 298,725t (390,348t) pellets and 45,672t (18,357t) concentrate.
Total Q4 iron ore product sales were 767,019dmt (583,381t) at...
Canadian miner Champion Iron has established a new record, producing 2.96Mwmt iron ore concentrate for the Dec qtr (Q3FY23) at its 100%-owned Bloom Lake mine in the S Labrador Trough and beating its previous best 2.86Mt in Q2.
CEO David Cataford says the record performance coincides with reaching commercial production at its Phase II expansion project and completing a positive PFS on upgrading Bloom Lake’s iron ore concentrate to a...
A 15% improvement in operating costs during the Dec qtr has illustrated the benefits of the fully integrated mining-haulage-logistics structure of Western Australian iron ore producer Fenix Resources’ Iron Ridge project.
Iron Ridge’s Q2FY23 production of 167,600wmt lump (Q1: 155,400t) and 197,000t (195,300t) fine ore came at C1 cash costs of $A77.80/t ($84.10/t). Its sales of 298,000t (361,000t) realised $153.70/dmt ($153.90/t) CFR.
Chairman John...
UK-based specialist company Critical Metals has begun copper production at the former producing Molulu copper-cobalt mine in DR Congo following the completion of onsite preparation work and delivery of several vital pieces of mining equipment.
Initial production is forecast 10,000tpm copper oxide ore at steady-state. Ore will be stockpiled for sale into the market in Feb 2023. Copper material will be processed at local plants.
Company - Critical Metals Plc
London-based company focused on brownfield strategic metals sector opportunities with DR Congo.
Sept 2022: Readmitted to trading on LSE after raising GBP1.8M at 20cps
East Africa-focused miner Shanta Gold is emphasising the potential for a very high-quality, high-grade gold mine at its West Kenya project after posting an updated NI 43-101 resource of 1.72Moz (10.26Mt @ 5.21g/t).
The estimate for the project in Kenya's highly prospective and under-explored greenstone Busia-Kakamega Gold Belt includes a 91% increase in indicated resources to 722,000oz (1.96Mt @ 11.4g/t).
CEO Eric Zurrin says the high grade of the...
Global miner Freeport McMoRan is pushing forward with a range of leach processing initiatives it believes could deliver at a rate of up to 200Mlbpa copper by the end of FY2023 from its North and South American operations.
Freeport says the package of new applications, technologies and data analytics offer the opportunity to produce incremental copper from its existing leach stockpiles and material currently classified as waste.
The company posted FY2022 production...
Canadian-based Aris Mining has reaffirmed its aspirations for dramatic growth in the years ahead after delivering FY2022 gold production of 235,379oz at its Segovia and Marmato Upper mines in Colombia.
Segovia contributed 210,163oz and the Marmato Upper Mine, acquired through the company’s takeover of Aris Gold in Sept 2022, had full year production of 25,216oz.
Aris has established FY2023 production guidance at 230,000-270,000oz...
Company - Aris Mining Corporation
Vancouver-based company focused on gold projects in Colombia and Guyana