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Mining Bulletin

The full story: In-depth news and analysis

HERON RESOURCES DROPS LEADER AS WOODLAWN DELAYS FORCE RECAPITALISATION PLANS

After eight years guiding the development of the Woodlawn zinc-copper project through study, financing, construction and commissioning, Heron Resources MD-CEO Wayne Taylor has been abruptly dismissed over the mine’s slow ramp-up.

SIRIUS MINERALS PULLS BACK FOR 6-MONTH REVIEW AFTER PROJECT FUNDING PLAN FAILS

Massive UK fertiliser development project slowed for major strategic rethink after market conditions force it to abandon a $500M key funding program.

VRX SILICA SCORES FOR THE 2ND TIME AT ARROWSMITH

VRX Silica has produced a 2nd positive BFS supporting 2 of its 3 advanced silica sand projects in Western Australia. By Mark Mentiplay

TITAN MINERALS SIGNALS NEW CORE GOLD MERGER PLAN AFTER BC COURT SETBACK

South American miners Titan Minerals and Core Gold are set to try again to pool their resources into an emerging regionally focused gold company after the British Columbia Supreme Court rejected their previous scheme of arrangement

HAVILAH RES SHAREHOLDERS REJECT $100M GFG DEAL

The reversal of a decision by developer Havilah Resources’ major shareholder to back a $100M GFG investment in the company has seen the bid rejected. By Mark Mentiplay

TNG SEES POSITIVES IN NEW CHEAPER, SMALLER MOUNT PEAKE DEVELOPMENT STRATEGY

A change to a smaller and cheaper development strategy could make it easier for developer TNG to reach a final investment decision and gain financial approvals for its Mount Peake project in Australia’s Northern Territory.

NEW POX HUB FIRES PETROPAVLOVSK H1 19 PROFIT

A good Petropavlovsk H1 19 has seen all the good things up and the bad things down for a $54M turnaround to a $14M profit underpinned by a successfully ramping POX hub

$20M SPROTT BUY INTO GALENA SILVER MINE

Americas Gold and Silver’s major shareholder Eric Sprott buying 40% of America’s Galena silver mine for $20M

SYRAH SLASHES FLAKE GRAPHITE PRODUCTION AMID PLUNGING CHINESE SPOT PRICES

Battery materials market uncertainty hits the flake graphite suppliers, with Syrah Resources cutting output from its Balama operation in Mozambique by 66% due to falling spot prices and over-supply concerns.

INTEGRA RES PEA FLAGS $365M US PROJ PRODUCING LoM 1.24Moz AuEq

New study sees Integra Res’ Idaho heap leach operation generating $697M after tax cash flow over an initial 10-year LoM from 1.24Moz AuEq ouput

TANZANIA THREATENS TO HALT INTRA ENERGY COAL SALES OVER NEW ROYALTY CHARGES

Tanzania’s Mining Commission orders major regional coal producer Tancoal to charge customers hefty new royalties on the transportation costs of thermal coal sales.

ZIMPLATS FY19 PROFIT ROCKETS TO $145M

A string of financial benefits, not big production increases or cost cuts, have fuelled a FY19 $145M net profit from a $2.6M profit the year before

RECORD FY 19 FOR INDEPENDENCE GROUP

Miner Independence Group racks up a string of records to lift its FY 19 NPAT 44% to $76M. By Mark Mentiplay

RESOLUTE MINING TAKES THE FIRST STEP ON ITS MAJOR RAVENSWOOD GOLD MINE EXPANSION

Australian international gold producer Resolute Mining expects to lift 2020 production at its Ravenswood mine to 80,000oz after pressing the go button on Stage 1 of the expansion plan at its long-lived Queensland operation. John Feary reports

H1 19 $84M PROFIT PLUNGE AS OZ MINS AWAITS CARRAPATEENA

Shipment timing and big growth investments have pushed OZ Mins’ H1 19 profit down $84m to $44M

END TO KANMANTOO MINING SEES 9.2% HILLGROVE H1 19 PROFIT FALL

The end of mining at Hillgrove’s Kanmantoo Cu-Au mine in S Australia has the operation running on stockpiles, for lower output and cutting H1 19 profit 9.2%.

GOLD FIELDS SELLS OUT OF GOLD ROAD FOR $126.3M

Gold Fields has sold its 10% stake in J/V partner Gold Road Res for $1126.3M, but is hanging on to its 50% of the Gruyere Gold Project. By Mark Mentiplay

KOOLYANOBBING DELAYS CUT MINERAL RES FY19 PROFIT 39%

Delayed acquisition/ramp up of the Koolyanobbing Iron Ore Project and the ending of Wodgina lithium DSO sales slash Mineral Res FY19 profit 39%

NEW $20M+ MINERAL RES DEAL FOR CAZALY’S WA IRON ORE PROJ

Cazaly Res has accepted a new superior $20M+ offer for its Parker Range Iron Ore Project from neighbouring producer Mineral Res. By Mark Mentiplay

MAIDEN KENMARE H1 19 DIV DESPITE PROFIT FALL

Maiden Kenmare dividend follows 17% H1 19 profit fall on HMC production down 8%, but with ilmenite, zircon and rutile all up
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DATADIGGING: BHP SOUTH FLANK CONTRACT AWARDS

START THE WEEK: COMMODITIES (Sept 6, 2019)

LME ($US), Sep 6 –
Aluminium 1,761.50
Copper 5,787.50
Zinc 2,312.00
Nickel 17,500.00
Lead 2,036.00
Tin 17,075.00
Cobalt 35,250.00
Gold 1,507.90
Silver 18.150

COMEX ($US), Sep 6 –
Gold 1,515.00
Copper 2.6305
Silver 18.27

LBMA price data ($US), pm Sep 6 –
Gold 1,523.70
Silver 18.14500
Platinum 947.00
Palladium 1,541.00

NYMEX ($US) 62% Fe CFR China, Aug 30-
Iron ore 89.44

START THE WEEK: CALENDAR (Sept 8, 2019)

Conferences –
Sep 11-13: North American Mining Expo, Sudbury (Canada)

START THE WEEK: COMMODITIES (Sep 2, 2019)


LME ($US), Aug 30 –
Aluminium 1,712.50
Copper 5,678.00
Zinc 2,246.00
Nickel 17,860.00
Lead 2,039.00
Tin 15,800.00
Cobalt 31,500.00
Gold 1,521.20
Silver 18.225

COMEX ($US), Aug 30 –
Gold 1,529.20
Copper 2.557
Silver 18.48

LBMA price data ($US), pm Aug 30 –
Gold 1,528.40
Silver 18.38500
Platinum 939.00
Palladium 1,542.00

NYMEX ($US) 62% Fe CFR China, Aug 30-
Iron ore 84.64

START THE WEEK: CALENDAR (Sep 2, 2019)

Conferences –
Sep 4-6: Africa Downunder, Perth (Australia)

START THE WEEK: COMMODITIES (August 23, 2019)

LME ($US), Aug 23 –
Aluminium 1,746.00
Copper 5,675.00
Zinc 2,261.00
Nickel 15,755.00
Lead 2,082.50
Tin 16,050.00
Cobalt 31,500.00
Gold 1,527.10
Silver 17.425

COMEX ($US), Aug 23 –
Gold 1,536.90
Copper 2.535
Silver 17.55

LBMA price data ($US), pm Aug 23 –
Gold 1,495.50
Silver 17.05000
Platinum 851.00
Palladium 1,460.00

NYMEX ($US) 62% Fe CFR China, Aug 23 -
Iron ore 92.88

START THE WEEK: CALENDAR (August 25, 2019)

Conferences –
Aug 27-29: AIMEX Asia-Pacific International Mining Exhibition, Sydney (Australia)
Aug 29: WA Mining Club, Perth (Australia)

Companies –
Aug 26: Macmahon FY, Perth (Australia)
Aug 27: Austin Engineering FY, Brisbane (Australia)
Aug 30: Sibanye HY, Johannesburg (S Africa)

START THE WEEK: COMMODITIES (August 16, 2019)

LME ($US), Aug 16 –
Aluminium 1,755.50
Copper 5,710.00
Zinc 2,264.50
Nickel 16,090.00
Lead 2,050.00
Tin 16,805.00
Cobalt 31,500.00
Gold 1,513.40
Silver 17.160

COMEX ($US), Aug 16 –
Gold 1,523.60
Copper 2.587
Silver 17.085

NYMEX ($US) 62% Fe CFR China, Aug 16 -
Iron ore 93.61

START THE WEEK: CALENDAR (August 18, 2019)

Conferences –
Aug 18-21: Copper Cu2019, Vancouver (Canada)

Companies –
Aug 20: BHP FY results, Melbourne (Australia)
Aug 22: Mineral Resources FY, Perth (Australia)

DATADIGGING: THE JUNE 2019 QUARTERLIES/HALF YEARLIES

We’ve used MiningBusiness.net's search capabilities to collate our coverage of the March 2019 quarterly and half-yearly reports; we call it Datadigging. By subscribing, you can use research our growing database by using any combination of country, commodity and test.
As a subscriber, you can also use MBN's metadata and text search capacities to undertake your own detailed research.
Click on the company name below to read our coverage of its quarterly report:

 

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Mining Billboard

Insights and analysis from leading industry commentators

MINI-BOOM TO CHALLENGE AUSTRALIAN MINING SECTOR’S SKILLS PIPELINE CAPACITY

(DEVELOPMENT) The Australian mining sector and government face significant new challenges in workforce planning strategies, skills and labour mobility initiatives to meet the forecast demand of new project developments through to 2024 – challenges they have consistently failed to meet in past booms.

NEW $2.6B BRAZILIAN IRON ORE MINE MOOTED

3 Chinese companies and others are considering a new Brazilian iron ore start-up in a J/V led by Kazakh miner Eurasian Resources

BHP CHOICE OF KOMATSU HAUL TRUCKS FOR SOUTH FLANK A NEW STEP IN MINING AUTONOMY

(TECHNOLOGY) The switch by BHP Iron Ore to ordering 41 Komatsu 930E-5 haul trucks for the autonomous haulage fleet at the largest mining and processing development in the 50-year history of WA’s Pilbara iron ore province, its $US4.6B South Flank development, underlines the rapid progress in autonomous technology systems.

COLONIAL COAL LOOMS AS LIKELY TARGET FOR RINEHART’S PUSH INTO CANADIAN MET COAL

(COMMENTARY) Could Australian entrepreneur Gina Rinehart be on the prowl for more aggressive moves into the Canadian metallurgical coal sector? Leading mining commentator Ross Louthean reports on speculation that her next target may be BC-focused Colonial Coal International.

WELBORN WARNS AUSTRALIAN FAILURES ALLOW CHINA TO SEIZE AFRICAN OPPORTUNITIES

(COMMENTARY) Australia’s failure to recognise the wider causes and impact of global trade tensions between China and the US is allowing China to snare the lion’s share of the opportunities emerging in the rapid growth of Africa, Resolute Mining chief John Welborn has warned.

GOLD FIELDS’ BOSS GIVES GOLD SECTOR A COSTS SPRAY

Global gold major Gold Fields’ CEO Nick Holland has given his fellow miners a big spray on a number of issues he says could be hiding the true state of a declining world gold sector
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Mining Brokers

DATADIGGING: BHP SOUTH FLANK CONTRACT AWARDS

    START THE WEEK: COMMODITIES (Sept 6, 2019)

      START THE WEEK: CALENDAR (Sept 8, 2019)

        START THE WEEK: COMMODITIES (Sep 2, 2019)

          START THE WEEK: CALENDAR (Sep 2, 2019)

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