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Mining Bulletin

The full story: In-depth news and analysis

PALADIN FLAGS $81M RESTART FOR ITS NAMIBIAN URANIUM MINE

Paladin’s Langer Heinrich Uranium Mine restart plan flags 17-year LoM peaking at 5.9Mlb pa for 7-years.

UPDATED PFS POINTS TO FASTER START FOR CALIDUS AT WARRAWOONA GOLD PROJECT

Australian explorer Calidus Resources is accelerating plans to commence construction in six months for the development of its Warrawoona gold project in the East Pilbara of WA after an updated prefeasibility study pointing to a lower capital and lower risk route to near-term gold production. John Feary reports

GENESIS MINS $33M DEALS TO ESTABLISH NEW WA GOLD PROJ

Genesis has executive a 2-pronged expansion move to underpin the establishment of a new gold mine in Western Australia

RED 5 TARGETS MID-TIER GOLD PRODUCER STATUS WITH 2-HUB STRATEGY FOR WEST AUSTRALIAN MINES

Red 5 is looking beyond short-term issues that have affected June quarter production with a transitional strategy that will see it establish two independent long-life production hubs in Western Australia.

EXPANSION STUDY POINTS TO LONG-LIFE, LOW-COST DEVELOPMENT AT CARRAPATEENA

Australia’s OZ Minerals has outlined an opportunity to transform its Carrapateena underground copper-gold mine into a world-class project in scale, production, life of mine and costs by adopting a two-stage block cave development to follow its current sub-level cave operation.

NUSANTARA EYES HIGHER INITIAL PRODUCTION AND LONGER LIFE ON AWAK MAS RESERVES GROWTH

Significant growth in reserves have enabled Nusantara Resources to forecast higher initial production and extended mine life as it continues development funding discussions for its 100%-owned Awak Mas gold project in South Sulawesi, Indonesia.

TMAC Q1 20 BREAK BACK, BUT WITH FULL COVID-19 YET TO HIT

Canadian gold miner TMAC Res has staged a $610m turnaround, cutting its Q1 20 loss to $18M

REX MINS’ $71M, 321,565oz GOLD STARTER AHEAD OF HOG RANCH

A new study has flagged a 420,000oz gold start up project to bring on its recently upgraded 1.4Moz Hog Ranch Project in Nevada

$166M AMARILLO GOLD PROJ FLAGS 811,000oz OVER 1st 10-YEARS

Amarillo Gold expects to begin construction of its $166M capex, 811,00oz Posse Gold Project in Brazil next year

PERSEUS EYES EXTENDED LIFE FOR CÔTE D’IVOIRE MINE THROUGH AGREED EXORE TAKEOVER

West African-focused miner Perseus Mining reaches agreement on a $60M merger that will combine its existing producing and near-production assets with the extensive exploration potential of Exore Resources.

NEW BARRICK OFFER TO GET PORGERA BACK INTO GOLD PRODN

Barrick Gold has thrown another 15% stake in the giant Porgera gold mine in PNG into the negotiation pot to get the mine back into operation

FMG REFUSED APPEAL RIGHTS TO ABORIGINAL IRON ORE LAND

FMG has lost a 3-year battle to appeal Aboriginal rights to over 2,700sq km of iron-rich land in Western Australia’s Pilbara region

UNDERGROUND CONTRACT AWARD A MILESTONE FOR MINCOR'S KAMBALDA NICKEL REVIVAL

The combination of extensive local experience and the resources of a new national owner has proved crucial in Mincor Resources’ decision to award the underground mining contract for its Kambalda nickel project to Emeco unit Pit N Portal.

PEA OK FOR WESDOME’S $165M CAPEX KIENA RESTART

Study green light for restart of Wesdome’s 86,000oz pa, 102% after tax IRR, Kiena underground gold project. By MBM’s North American correspondent

LEPIDICO STUDY BACKS FIRST-MOVER BID FOR CRITICAL AND STRATEGIC METALS

Australian-based Lepidico outlines a compelling case for its deliberately modest-scale development of a vertically integrated mining and processing facilities to deliver high-value critical and strategic metals.

NEW CENTURY MULLS TOP 10 GLOBAL FUTURE FOR STRUGGLING PACIFIC PROJECT

New Century Resources eyes the potential to transform Vale’s faltering Goro nickel project in New Caledonia into a long-term world-scale producer after being granted 60-day exclusivity to negotiate the acquisition of a 95% stake.

WESTERN AREAS' $28M PANORAMIC DEAL OPENS DOORS TO NEW ENERGY VEHICLES GROWTH

Western Areas sees its new strategic shareholding and partnership with Panoramic Resources as it works towards the reopening of the Savannah nickel project increasing its exposure to the emerging new energy vehicles global market. John Feary reports

$84M IMPAIRMENT, COVID-19 CLOSURES HAMMER MCEWEN BOTTOM LINE

McEwen Mining’s Q1 20 loss has blown out to $99.2M, hit by an $84M impairment and 3 COVID-19 mine shutdowns

ELEMENT 25 EYES EARLY START ON LOW-COST DEVELOPMENT STRATEGY FOR BUTCHERBIRD

Element 25 has confirmed the potential for its Butcherbird project to be Australia’s next significant manganese mine with a PFS identifying the opportunity for a low-cost, long-life development that will deliver first concentrate much earlier than previously anticipated. John Feary reports.

HUDBAY Q1 20 HIT BY LOWER PRICES, HIGHER COSTS AND MAJOR MINE SUSPENSION

A range of issues across its Americas base/precious metals operations has seen Hudbay Minerals Q1 20 loss blow out to $76M
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START THE WEEK: COMMODITIES (June 26, 2020)

LME ($US), Jun 26 –
Aluminium 1,582.00
Copper 5,985.50
Zinc 2,057.00
Nickel 12,709.00
Lead 1,778.00
Tin 16,990.00
Cobalt 28,500.00
Gold 1,765.30
Silver 17.810

COMEX ($US), Jun 26 –
Gold 1,780.30
Silver 18.168
Copper 2.679
Platinum 819.30
Palladium 1,894.40

LBMA price data ($US), pm Jun 26 –
Gold 1,747.60
Silver 17.83000
Platinum 799.00
Palladium 1,847.00

NYMEX ($US) 62% Fe CFR China, Jun 26 –
Iron ore 103.23

START THE WEEK: CALENDAR (June 29, 2020)

Company events –
Jun 30: Ramelius Resources Life of Mine Plan, Perth (Australia)

DATADIGGING: TRACKING THE GLOBAL RESOURCES SECTOR IMPACT OF COVID-19 (Jun 29, 2020)

Keep track of how the global COVID-19 coronavirus pandemic is impacting the global resource sector around the world.
This list of linked original articles published in MiningBusiness.net will continue to be updated weekly.
(Note: Some articles will be accessible only by full subscribers.)

START THE WEEK: COMMODITIES (June 19, 2020)

LME ($US), Jun 19 –
Aluminium 1,578.00
Copper 5,835.50
Zinc 2,073.00
Nickel 12,855.00
Lead 1,777.50
Tin 16,858.00
Cobalt 28,850.00
Gold 1,739.20
Silver 17.615

COMEX ($US), Jun 19 –
Gold 1,753.00
Silver 18.022
Copper 2.628
Platinum 830.30
Palladium 1,908.40

LBMA price data ($US), pm Jun 19 –
Gold 1,734.75
Silver 17.52500
Platinum 820.00
Palladium 1,888.00

NYMEX ($US) 62% Fe CFR China, Jun 19 –
Iron ore 103.04

START THE WEEK: CALENDAR (June 22, 2020)

Public holidays –
Jun 22: Great Patriotic Way (WW2) Remembrance (Belarus)
Jun 22: Aymara New Year Day Holiday (Bolivia)
Jun 22: Antifascist Struggle Day (Croatia)
Jun 22: Teachers’ Day (El Salvador)
Jun 22: Midsummer Day Holiday (Latvia)
Jun 23: Victory Day (Estonia)
Jun 23: Rath Yatra (India)
Jun 23: Midsummer Eve (Latvia)
Jun 23: National Day (Luxembourg)
Jun 23: Statehood Day (Moldova)
Jun 23: Fathers’ Day (Poland)
Jun 24: Midsummer Day (Estonia, Latvia)
Jun 24: Farmer Day/Inti Raymi Day (Peru)

DATADIGGING: TRACKING THE GLOBAL RESOURCES SECTOR IMPACT OF COVID-19 (Jun 22, 2020)

Keep track of how the global COVID-19 coronavirus pandemic is impacting the global resource sector around the world. This list of linked original articles published in MiningBusiness.net will continue to be updated weekly.
(Note: Some articles will be accessible only by full subscribers.)

START THE WEEK: COMMODITIES(Jun 12, 2020)

LME ($US), Jun 12 –
Aluminium 1,560.00
Copper 5,785.50
Zinc 1,991.00
Nickel 12,733.00
Lead 1,739.50
Tin 17,200.00
Cobalt 29,500.00
Gold 1,730.20
Silver 17.460

COMEX ($US), Jun 12 –
Gold 1,737.30
Silver 17.482
Copper 2.6185
Platinum 819.00
Palladium 1,938.50

LBMA price data ($US), pm Jun 12 –
Gold 1,733.50
Silver 17.62500
Platinum 822.00
Palladium 1,935.00

NYMEX ($US) 62% Fe CFR China, Jun 12 –
Iron ore 103.59

START THE WEEK: CALENDAR (Jun 15, 2020)

Public holidays –
Jun 15: Gen Don Martin Miguel de Güemes Commemoration (Argentina)
Jun 15: Day of National Salvation (Azerbaijan)
Jun 15: National Heroes Day (Bermuda)
Jun 16: Youth Day (South Africa)
Jun 17: Republic Day (Iceland)
Jun 17: Martyrdom of Imam Sadeq (Iran)
Jun 18: King’s Mother’s Birthday (Cambodia)
Jun 18: Constitution Day (Seychelles)
Jun 19: Midsummer Eve (Finland, Sweden)
Jun 19: Labour Day (Trinidad & Tobago)
Jun 20: Flag Day (Argentina)
Jun 20: Martyrs’ Day (Eritrea)

DATADIGGING: TRACKING THE GLOBAL RESOURCES SECTOR IMPACT OF COVID-19 (Jun 15, 2020)

Keep track of how the global COVID-19 coronavirus pandemic is impacting the global resource sector around the world. This list of linked original articles published in MiningBusiness.net will continue to be updated weekly.
(Note: Some articles will be accessible only by full subscribers.)

START THE WEEK: COMMODITIES (Jun 5, 2020)

COMEX ($US), Jun 5 –
Gold 1,683.00
Silver 17.479
Copper 2.5555
Platinum 830.40
Palladium 1,952.60

LBMA price data ($US), pm Jun 5 –
Gold 1,683.45
Silver 17.58000
Platinum 823.00
Palladium 1,925.00

NYMEX ($US) 62% Fe CFR China, Jun 5 –
Iron ore 100.26

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Mining Billboard

Insights and analysis from leading industry commentators

METALS X LOOKS FOR BUYERS FOR SHUTTERED NIFTY MINE AND OTHER WA COPPER ASSETS

(CORPORATE) A board challenge from substantial shareholder APAC Resources has resulted in diversified miner Metals X dropping its attempts to revive the troubled Nifty copper mine, instead opting to seek buyers for its West Australian portfolio of copper assets.

AUSSIE GOVT FLAGS RECORD FY20 MINING/ENERGY EARNINGS, THEN FALL

The Australian govt expects record high FY20 mining/energy export earnings up to $293B, followed by a FY21 10% fall as COVID-19 bites.

DATADIGGING: COVID PANDEMIC IMPACTS SLOW MAJOR SOUTH AMERICAN MINES

(CORONAVIRUS) The spreading impact of the COVID-19 coronavirus pandemic in South America has resulted in the shutdown of operations at Codelco’s Chuquicamata project in Peru and Trevali Mining’s Santander project in Peru.

FURORE OVER ANCIENT SITES DESTRUCTION FORCES MINERS TO ACCEPT CHANGES

(HERITAGE) The destruction of two rock shelters in Western Australia’s Pilbara region that were known to contain artefacts linked to more than 46,000 years of human habitation is triggering world mining leaders Rio Tinto and BHP to accept the need to reform their communications with traditional landowners.

DATADIGGING: INDUSTRY FIGHTS CLAIMS OF HIGH COVID INCIDENCE IN SOUTH AFRICAN MINING

(CORONAVIRUS) The Minerals Council South Africa has denied the national mining sector is an “epicentre” for COVID-19 infections, saying its intensive screening and testing regimes are identifying more cases but are succeeding in keeping death rates among mining employees lower than similar age groups across the country.

VALE BEGINS THE ROAD BACK TO FULL PRODUCTION FROM COVID SHUTDOWNS

(CORONAVIRUS) Global mining giant Vale has reversed the suspension of mining operations in Brazil and Canada after implementing additional measures to protect its workers from the risk of the COVID-19 pandemic, with minimal impact on its production forecasts.

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Mining Brokers

START THE WEEK: COMMODITIES (June 26, 2020)

    START THE WEEK: CALENDAR (June 29, 2020)

      DATADIGGING: TRACKING THE GLOBAL RESOURCES SECTOR IMPACT OF COVID-19 (Jun 29, 2020)

        START THE WEEK: COMMODITIES (June 19, 2020)

          START THE WEEK: CALENDAR (June 22, 2020)

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