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Mining Bulletin

The full story: In-depth news and analysis

SOUTH32 TARGETS MID-2023 FINAL INVESTMENT DECISION ON ARIZONA CRITICAL METALS MINE

South32 has laid out the potential for a multi-decade operation in studies that establish its Hermosa project in Arizona, USA as a globally significant producer of metals critical to a low-carbon future.

ENDEAVOUR ADVANCES ITS AMBITIOUS GROWTH PLANS WITH $70M DEAL FOR SSR MEXICAN PROJECT

Canadian miner Endeavour Silver has signalled plans to accelerate its vision to move from the mid-tier to a premier global position among silver producers with the $70M agreement to acquire one of the world’s largest undeveloped silver projects from SSR Mining.

REBOUNDING IRON ORE PRICES BRING HIGH-GRADE WEST AUSTRALIAN MINES OUT OF SLUMBER

The sustained rebound in iron ore prices from their late-2020 declines have encouraged the West Australian operators of two small-volume, high-grade mines to bring them back into mine production.

ST BARBARA HEADS BACK TO FULL OPERATIONS UNDER NEW SIMBERI MINE PLAN

Six-month shutdown of St Barbara’s Simberi gold mine in PNG ends with the completion of a new deep-sea tailings pipeline and plant upgrades together with a revised mine plan.

ARTEMIS GOLD RESTARTS TALKS ON BLACKWATER PLANT CONTRACT AFTER AUSENCO CONTRACT ENDS

Canadian developer Artemis Gold is confident it will still meet its capital costs and timeline forecasts for the Blackwood gold project in central BC despite the termination of its plant engineering, procurement and construction contract with Ausenco Engineering.

MERDEKA-LION TO SPEED PANI GOLD DEVELOPMENT AFTER CONSOLIDATION BATTLE WIN

Indonesian miner Merdeka Copper Gold is planning drilling and feasibility studies to advance development of what it expects to build into one of the largest gold producers in the Asia-Pacific region after achieving its long-held plan to consolidate management of the Pani project in Sulawesi.

ZIJIN MINING MEETS DEADLINE FOR FIRST PRODUCTION AT TIBETAN COPPER PROJECT

Chinese government-owned Zijin Mining has met its end-2021 deadline to commence operations at its 50.1%-owned Julong Copper operation in the precipitous mountains of Tibet, slated to become the country’s largest porphyry copper mine.

ADANI NEARS FIRST EXPORT SHIPMENT FROM VILIFIED CARMICHAEL THERMAL COAL MINE

Miners and resource industry call for stricter policing of anti-coal activists as Australia’s giant Carmichael thermal coal mine finally presents its first production to its export terminal.

SILVER LAKE TARGETS LONG-LIFE ONTARIO GOLD MINE WITH CANADIAN INSOLVENCY TRANSACTION

Inside track or stalking horse? Australian miner Silver Lake Resources completes a subscription deal it hopes will enable it to take 100% ownership of insolvent Canadian company Harte Gold and its Sugar Zone mine in Northern Ontario.

UPDATED FIREFINCH-GANFENG LITHIUM STUDY BACKS GOULAMINA PROJECT'S WORLD STATUS

A revised definitive feasibility study has increased the proposed production rate and more than doubled forecast economic outcomes for the Firefinch-Jiangxi Ganfeng joint venture’s Goulamina lithium project in Mali.

MINE STARS ELLISON, RINEHART JOIN FORCES IN PILBARA PLAN TO OPEN UP WA STRANDED ASSETS

Australian mining entrepreneurs Chris Ellison and Gina Rinehart have joined forces in a bid to resolve the logistics issues that have prevented the development of significant stranded assets in WA’s massive Pilbara iron ore province.

IMAGE SECURES NORTH PERTH BASIN GROWTH ROUTE WITH $24M ENEABBA DEAL

West Australian mineral sands miner Image Resources has secured access to identify and secure potential development projects outside its current portfolio with a $A24M deal to acquire Sheffield Resources’ non-core Eneabba project.

STUDY HIGHLIGHTS EUROPEAN MARKET ADVANTAGES FOR ALTA ZINC’S GORNO PROJECT

Alta Zinc is looking at the start of production in H2 2024 following the completion of an initial scoping study outlining robust economics for the redevelopment of the historic Gorno zinc-lead mine in northern Italy close to Europe’s industrial infrastructure and smelter network.

WA GRAINFIELDS PROJECT GROWS INTO AUSTRALIA’S LARGEST UNDEVELOPED COPPER RESOURCE

Explorer Caravel Minerals has positioned its namesake project in the WA Wheatbelt as Australia’s largest undeveloped copper project after continued drilling and a reduction in cut-off grade to reflect revised costs and higher commodity prices delivered a 53% increase in its mineral resource.

NST $95M NEWMONT ENERGY BUSINESS DEAL LOCKS IN SUPER PIT SECURITY AND COSTS

Northern Star Resources completes a series of transactions that delivered it 100% ownership of the iconic Kalgoorlie Super Pit by exercising its option to acquire the regional power business owned by former mine manager Newmont Corporation. John Feary reports

3D RESOURCES PARTIAL SCOPING STUDY BACKS VIABILITY OF HISTORIC ADELONG GOLD PROJECT

Weather issues that have delayed drilling of one of the three major deposits have forced Australian explorer 3D Resources to release a partial scoping study of the mothballed Adelong gold project in southern NSW, but the company says it’s already enough to suggest a viable project.

RINEHART BOOSTS IRON ORE PORTFOLIO WITH JV AGREEMENT OVER 1Bt-PLUS MAGNETITE PROJECT

Entrepreneur Gina Rinehart’s Hancock Prospecting will take the lead in bringing the Mount Bevan project in Western Australia’s Central Yilgarn region to development through a $9M-plus earn-in deal with current JV owners Legacy Iron and Hawthorn Resources. By John Feary

GEOPACIFIC HALTS $200M WOODLARK GOLD DEVELOPMENT OVER EARLY WORKS CONCERNS

Australian-based project developer Geopacific Resources has delayed work for up to six months at its Woodlark gold project in Papua New Guinea after delays and issues over the costs and efficiency of pre-development activities.

RIO TINTO CUTS FY IRON ORE FORECASTS AFTER COVID IMPACTS SLOW MINE DEVELOPMENTS

The impact of COVID-19 counter-measures on labour recruitment and retention in the Australian mining sector has slowed completion of global miner Rio Tinto’s Gudai-Darri iron ore mine development and forced a cut in its FY2021 export forecasts.

STRONG PANDEMIC RECOVERY BOOSTS LUCAPA CY2021 PROFIT MARGIN FORECAST

The unexpected strength of the recovery in rough diamond prices from the COVID-19 pandemic disruptions has enabled international miner Lucapa to boost its already-ambitious profit forecasts for the calendar year.
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Mining Brokers

START THE WEEK: COMMODITIES (Jan 14, 2022)

LME ($US) 3-month closing prices, Jan 14 –
Copper 9,731.50
Aluminium 2,964.17
Zinc 3,535.50
Nickel 22,225.00
Lead 2,374.50
Tin 40,351.00

LME ($US) precious spot closing prices, Jan 14 –
Gold 1,815.60
Silver 22.88

NASDAQ ($US) closing prices, Jan 14 –
Gold 1,816.50
Silver 22.918
Copper 4.4205
Platinum 964.60
Palladium 1,878.20

NYMEX ($US) 62% Fe CFR China, market close, Jan 14 –
Iron ore 126.24

START THE WEEK: CALENDAR (Jan 17, 2022)

Companies -
Jan 19: Lynas Rare Earths Q2, Sydney (Australia)
Jan 19: Barrick Gold Q4, Toronto (Canada)
Jan 20: Alcoa FY, Pittsburgh (USA)
Jan 20: Northern Star Q2, Perth (Australia)
Jan 20: Sandfire Resources Q2, Perth (Australia)

START THE WEEK: COMMODITIES (Jan 7, 2022)

LME ($US) 3-month closing prices, Jan 7 –
Copper 9,674.00
Aluminium 2,922.50
Zinc 3,538.50
Nickel 20,770.00
Lead 2,294.50
Tin 39,825.00

LME ($US) precious spot closing prices, Jan 7 –
Gold 1,797.10
Silver 22.35

NASDAQ ($US) closing prices, Jan 7 –
Gold 1,797.40
Silver 22.409
Copper 4.41
Platinum 956.50
Palladium 1,921.60

NYMEX ($US) 62% Fe CFR China, market close, Jan 7 –
Iron ore 126.21

START THE WEEK: CALENDAR (Jan 10, 2022)

Public holidays -
Jan 10: Georgia (Public Sector Holiday)
Jan 10: Japan (Coming of Age Day)
Jan 10: Panama (Day Off for Martyrs’ Day)
Jan 10: Colombia, Dominican Republic (Epiphany)
Jan 11: Morocco (Anniversary of the Independence Manifesto)
Jan 12: Algeria (Berber New Year)
Jan 12: Tanzania (Zanzibar Revolution Day)
Jan 13: Mongolia (Constitution Day)
Jan 13: Togo (Liberation Day)
Jan 15: Malawi (John Chilembwe Day)
Jan 15-16: Congo-Kinshasa (Anniversary of President Laurent Kabila Assassination

START THE WEEK: COMMODITIES (Dec 31, 2021)

LME ($US) 3-month closing prices, Dec 31 –
Copper 9,755.00
Aluminium 2,818.45
Zinc 3,536.50
Nickel 20,705.00
Lead 2,290.50
Tin 38,860.00

LME ($US) precious spot closing prices, Dec 31 –
Gold 1,819.20
Silver 23.08

NASDAQ ($US) closing prices, Dec 31 –
Gold 1,828.60
Silver 23.352
Copper 4.4635
Platinum 966.20
Palladium 1,912.10

NYMEX ($US) 62% Fe CFR China, market close, Dec 31 –
Iron ore 120.20

START THE WEEK: CALENDAR (Jan 3, 2022)

Public holidays -
Jan 3: Observing Countries (New Year)
Jan 3: Burkina Faso (Popular Uprising Day)
Jan 3: Peru (Public Sector Holiday)
Jan 3-9: Georgia (Public Sector Holiday)
Jan 4: DR Congo (Martyrs of Independence Day)
Jan 4: Myanmar (Independence Day)
Jan 4: Scotland (Substitute Day for Jan 2)
Jan 5-7: Observing Countries (Orthodox Christmas)
Jan 6: Honduras (Three Wise Men Day)
Jan 6: Iran (Martyrdom of Fatima)
Jan 6: Iraq (Army Day)
Jan 7: Cambodia (Victory over Genocide Day)

START THE WEEK: COMMODITIES (Dec 24, 2021)

LME ($US) 3-month closing prices, Dec 24 –
Copper 9,586.00
Aluminium 2,844.00
Zinc 3,518.00
Nickel 20,080.00
Lead 2,285.50
Tin 39,410.00

LME ($US) precious spot closing prices, Dec 24 –
Gold 1,808.00
Silver 22.95

NASDAQ ($US) closing prices, Dec 24 –
Gold 1,811.70
Silver 22.94
Copper 4.3925
Platinum 972.20
Palladium 1,956.90

NYMEX ($US) 62% Fe CFR China, market close, Dec 24 –
Iron ore 112.54

START THE WEEK: CALENDAR (Dec 27, 2021)

Companies -
Dec 29: Vale Capital Markets Day, New York (USA)

DATADIGGING: TRACKING COVID-19’S IMPACT ON THE GLOBAL RESOURCES SECTOR

Keep track of how the global COVID-19 coronavirus pandemic is impacting the resource sector around the world.
(Note: Some of the articles listed here will be accessible only by full subscribers.)

START THE WEEK: COMMODITIES (Dec 17, 2021)

LME ($US) 3-month closing prices, Dec 17 –
Copper 9,446.00
Aluminium 2,733.50
Zinc 3,381.00
Nickel 19,620.00
Lead 2,303.50
Tin 38,420.00

LME ($US) precious spot closing prices, Dec 17 –
Gold 1,804.00
Silver 22.53

NASDAQ ($US) closing prices, Dec 17 –
Gold 1,804.90
Silver 22.533
Copper 4.295
Platinum 934.50
Palladium 1,784.80

NYMEX ($US) 62% Fe CFR China, market close, Dec 17 –
Iron ore 111.64

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Mining Billboard

Insights and analysis from leading industry commentators

RARE EARTH MINERS BACK US PUSH AGAINST CHINESE STRATEGIC MINERALS DOMINATION

(REGULATION) Bipartisan US congress legislation aims to loosen China’s chokehold on rare earths supply for critical strategic defence contracts.

RISING INSTABILITY IN MALI RAISES FEARS ABOUT ROLE OF PRIVATE RUSSIAN MILITARY GROUP

(COMMENTARY) The Economic Community of West African States has announced the closing of its borders with Mali and its preparedness to activate its standby force should the need to deploy it arise. Christopher Michael Faulkner, postdoctoral fellow in the National Security Affairs Department, US Naval War College explores the background in this article. Originally published in The Conservation.

INTERNATIONAL MINERS KEEP A WARY EYE ON WEST AFRICAN SANCTIONS ON THEIR MALI OPERATIONS

(REGULATION) Mali’s international miners are alert for risks to their supply chains after the heads of 15 neighbouring West African nations closed their borders and imposed tough economic sanctions after its post-coup interim government announced a three-year delay in the restoration of democratic government.

SOUTH AFRICAN MINERS DEMAND SPEEDY ACTION ON REPORT EXPOSING ‘ENDEMIC' CORRUPTION

(REGULATION) The South African Minerals Council welcomes the report of a commission of inquiry that has uncovered a ‘scarcely believable picture of rampant corruption’ among its political and administrative leadership, demanding speedy action against those responsible for the economic sabotage of the country, its people and the economy.

KAZATOMPROM BOOSTS ASSET SECURITY MEASURES AMID KAZAKHSTAN UNREST

(SECURITY) Miners see no direct security threats to their operations but uranium prices are coming under pressure as civil unrest and the state of emergency declaration in major uranium producer Kazakhstan triggers concerns about disruptions to the supply chain.

INDONESIAN MINERS POSITIVE ON MOVES TO LIFT TRANSPARENCY, AVERT SHORTAGES

(REGULATION) Industry welcomes Indonesian government measures to improve the standards of governance and transparency in its natural resources sector while promising to assist in resolving coal supply shortages for domestic power supply.
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Mining Brokers

START THE WEEK: COMMODITIES (Jan 14, 2022)

    START THE WEEK: CALENDAR (Jan 17, 2022)

      START THE WEEK: COMMODITIES (Jan 7, 2022)

        START THE WEEK: CALENDAR (Jan 10, 2022)

          START THE WEEK: COMMODITIES (Dec 31, 2021)

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