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New Burkina Faso and Namibia acquisitions boost FY18 zinc output, but with lead-silver down
Mandalay Resources is eyeing up to 162,000oz AuEq in 2021 after issues at both its gold mines slashed FY18 prodn to 81,570oz AuEq from 131,190oz
The recent Klondex acquisition has helped Hecla to record FY18 gold production, countering strike-riven San Sebastian, albeit with silver down 17%
Record FY18 gold prodn of 505,000oz, has Alamos Gold on track for 600,000oz+ pa in 2021, with lower costs flagging strong free cash flow starting mid-2020
Newmont has launched a $10B share takeover bid for fellow gold major Goldcorp to create the world’s biggest producer with annual output up to $7Moz
PFS outlines $1.5B Filo Mining S American proj with good potential to add to initial 14-year expectations of 1.75Blbs copper, plus gold and silver
‘Action plan’ measures minimise gold production losses as Sibanye Gold seeks a peaceful resolution to violent South African strike.
With acquired mine production, another ramping and a 3rd starting in H1 2020, Equinox is already eyeing up to 265,000oz in FY19
The transition from open pit to underground mining at the big Grasberg Copper Mine is expected to cut copper conc exports by 1Mt to 200,000t this year, govt official
Record Topia production lifts Gt Panther Silver’s realigned Mexican FY18 output 15% to 4.17Moz
A mine disposal, mine closure and launching new development strategies has failed to stop a new look New Gold lifting FY18 gold production to 455,448oz
New gold production records as Aussie project leads Kirkland Lake Gold to a record FY18 723,477oz with a 2021 1Moz+ on track
Las Lagunas project brought to a stop after tank rupture forestalls upgrade and preventive maintenance program at Dominican Republic tailings retreatment operation.
Highlands Pacific directors say a direct cash takeover of the company by Cobalt 27 offers the most to shareholders after the failure of a proposed streaming deal over its minority share of production from the Ramu nickel and cobalt project in PNG.
The cumulative impact of slow ramp-up of production and disrupted rail freight operations have forced Australian coal producer Bounty Mining to lower production forecasts for its Cook Colliery project.
Merger participant Doray has done a new $15M deal to sell its advanced Andy Well and Gnaweeda gold projects to Westgold
Disclosure failures and other breaches of Canada’s securities regulations will cost Glencore-owned Katanga Mining $22M+, its CEO his job an 6 other execs/directors further fines
The DFS-stage Mt Holland lithium mine-to-refinery project in Western Australia has received a fillip with a new study adding further positive weight to 2 other recent studies. By Mark Mentiplay
World No 4 iron ore producer Fortescue bids to meet the Chinese drive for quality with the first export shipment of its new, higher-value West Pilbara Fines product. John Feary reports
WA miner Coolgardie Minerals takes urgent measures to placate creditors after lower-than-forecast ore grades halt initial cash-flow from its Geko gold mine.
LME ($US), Dec 14 –Aluminium 1,908.00Copper 6,104.00Zinc 2,560.00Nickel 10,740.00Lead 1,927.00Tin 19,365.00Cobalt 55,250.00Gold 1,237.50
COMEX ($US), Dec 14 -Gold 1,242.30Copper 2.754Silver 14.635
NYMEX ($US) 62% Fe CFR China, Dec 14 -Iron ore 67.89
Public holidays –Dec 16-17: Day of Reconciliation (South Africa)Dec 17: Independence Day (Kazakhstan)Dec 22: Unity Day (Zimbabwe)
LME ($US), Dec 7 –Aluminium 1,962.00Copper 6,173.00Zinc 2,709.00Nickel 10,815.00Lead 1,965.00Tin 18,930.00Cobalt 55,250.00Gold 1,247.10
COMEX ($US), Dec 7 -Gold 1,254.00Copper 2.7485Silver 14.70
NYMEX ($US) 62% Fe CFR China, Dec 7 -Iron ore $66.76
Public holidays –Dec 9: Independence Day (Tanzania)Dec 12: Jamhuri Day (Kenya)Dec 12: Virgin of Guadeloupe Day (Mexico)
LME ($US), Nov 30 –Aluminium 1,935.00Copper 6,238.00Zinc 2,628.50Nickel 11,020.00Lead 1,956.50Tin 18,525.00Cobalt 55,250.00Gold 1,220.60
COMEX ($US), Nov 30 -Gold 1,227.80Copper 2.792Silver 14.25
NYMEX ($US) 62% Fe CFR China, Nov 30 -Iron ore 64.77
LME ($US), Nov 23 –Aluminium 1,922.50Copper 6,210.00Zinc 2,630.50Nickel 10,710.00Lead 1,936.00Tin 19,125.00Cobalt 55,250.00Gold 1,222.70
COMEX ($US), Nov 23 -Gold 1,223.40Copper 2.7715Silver 14.37
NYMEX ($US) 62% Fe CFR China, Nov 23 -Iron ore 74.21
Public holidays –Nov 30: Bonifacio Day (Philippines)Dec 1: Independence Day (Portugal)
Conferences –Nov 28-29: Asia-Pacific Deep Sea Mining, Marina Bay Sands (Singapore)
LME ($US), Nov 16 –Aluminium 1,914.00Copper 6,181.00Zinc 2,641.00Nickel 11,280.00Lead 1,960.00Tin 19,450.00Cobalt 55,000.00Gold 1,222.70
COMEX ($US), Nov 16 -Gold 1,222.00Copper 2.80Silver 14.39
NYMEX ($US) 62% Fe CFR China, Nov 16 -Iron ore 75.08
Public holidays –Nov 19: National Sovereignty Day (Argentina)Nov 20: Muhammad's Birthday (various)Nov 22: Thanksgiving (USA)Nov 23: Labour Thanksgiving Day (Japan)
LME ($US), Nov 9 –Aluminium 1,964.50Copper 6,088.00Zinc 2,556.00Nickel 11,470.00Lead 1,957.00Tin 19,310.00Cobalt 51,000.00Gold 1,208.10
COMEX ($US), Nov 9 -Gold 1,210.30Copper 2.6785Silver 14.13
NYMEX ($US) 62% Fe CFR China, Nov 9 -Iron ore 75.58
(COAL MINING) Amid all the anti-mining activist claims of the death of coal, the push by Asian buyers for higher quality and lower emissions in its thermal and metallurgical coal imports represents more good news for Australian producers.
(COMMENTARY) The historic election that it was hoped would end years of instability in mineral-rich DR Congo could instead lead to more uncertainty after the surprise victory of opposition candidate Felix Tshisekedi Tshilombo.
(TECHNOLOGY) Brazilian mining giant Vale establishes new artificial intelligence centre to lead the drive to deliver significant productivity, safety and cost improvements across its global operations.
(CORPORATE STRATEGY) The major expansion of India’s only foreign-owned and operated iron ore project has been terminated just months short of completion after new management at Australian-based IndiOre found there was no mineralisation nearby to support it.
(ZAMBIA) Vedanta subsidiary’s mine shutdown adds credence to warnings of a drastic impacts from Zambian government grab for mining sector cash.
(MANAGEMENT) Can African specialist Mark Bristow find a resolution that has eluded Barrick Gold executive chairman John Thornton to the damaging stand-off between its 63.9% subsidiary Acacia Mining and the Tanzanian government?
