Mining Bulletin

The full story: In-depth news and analysis

You are here

Mining Brokers

Revised production guidance for the 12 months ending 30 June 2020 -

LME ($US), Mar 6
Aluminium 1,687.00
Copper 5,624.00
Zinc 1,978.00
Nickel 12,710.00
Lead 1,880.00
Tin 16,910.00
Cobalt 33,000.00
Gold 1,671.80
Silver 17.305

COMEX ($US), Mar 6
Gold 1,674.20
Silver 17.345
Copper 2.554
Platinum 904.1
Palladium 2,462.20

LBMA price data ($US), pm Mar 6
Gold 1,683.35
Silver 17.48000
Platinum 895.00
Palladium 2,571.00

NYMEX ($US) 62% Fe CFR China, Mar 6
Iron ore 89.18

Conferences –
Mar 10-14: ConExpo-Con/Agg, Las Vegas (USA)

Australia’s largest gold producers for the 2019 calendar year -
Cadia 871,246oz (Newcrest Mining)
Boddington 703,000oz (Newmont)
Fosterville 619,367oz (Kirkland Lake Gold)
Tropicana 513,433oz (AngloGold Ashanti 70%, Independence Group 30%)
Tanami 500,000oz (Newmont)
- Source: Surbiton Associates

LME ($US), Feb 28 –
Aluminium 1,663.00
Copper 5,573.00
Zinc 2,018.50
Nickel 12,160.00
Lead 1,869.00
Tin 16,225.00
Cobalt 33,000.00
Gold 1,567.70
Silver 16.490

COMEX ($US), Feb 28 –
Gold 1,587.30
Silver 16.68
Copper 2.5445
Platinum 866.40
Palladium 2,500

LBMA price data ($US), pm Feb 28 –
Gold 1,609.85
Silver 17.18500
Platinum 871.00
Palladium 2,719.00

NYMEX ($US) 62% Fe CFR China, Feb 28 –
Iron ore 82.93

Conferences –
Mar 1-4: PDAC 2020, Toronto (Canada)

Public holidays –
Mar 2: Green Monday (Cyprus)
Mar 2: Adwa Victory Day (Ethiopia)
Mar 2: Clean Monday (Greece)
Mar 2: History and Chamorro Heritage Day (Guam)
Mar 2: Election Day (Israel)
Mar 2: Peasants’ Day (Myanmar)
Mar 2: Lavity Stoutt's Birthday (British Virgin Islands)
Mar 3: Liberation Day (Bulgaria)
Mar 3: Martyrs’ Day (Malawi)
Mar 5: Missionary Day (French Polynesia)
Mar 6: Independence Day (Ghana)
Mar 8: International Women’s Day

2020 production guidance (Rio Tinto share, unless otherwise stated) -

  • Pilbara iron ore (shipments, 100% basis) 324-334Mt (updated Feb 2019 to accommodate cyclone Damien impact)
  • Bauxite 55-58Mt
  • Alumina 7.8-8.2Mt
  • Aluminium 3.1-3.3Mt
  • Mined copper 530,000-570,000t
  • Refined copper 205,000-235,000t
  • Diamonds 12-14Mct
  • Titanium dioxide slag 1.2-1.4Mt
  • Iron Ore Company of Canada pellets and concentrate 10.5-12Mt
  • Boric oxide equivalent ~0.5Mt

2020 unit cost guidance -

The top 10 jurisdictions in the Canadian think tank Fraser Institute's annual survey of mining and exploration investment for 2019 -
1. Western Australia
2. Finland
3. Nevada
4. Alaska
5. Portugal
6. South Australia
7. Republic of Ireland
8. Idaho
9. Arizona
10. Sweden

The bottom 10 jurisdictions for global mining investment as calculated in the Canadian think tank Fraser Institute's survey for 2019 -
67. Nicaragua
68. Mali
69. Democratic Republic of Congo
70. Venezuela
71. Zambia
72. Dominican Republic
73. Guatemala
74. La Rioja, Argentina
75. Chubut, Argentina
76. Tanzania

LME ($US), Feb 21 –
Aluminium 1,677.00
Copper 5,702.00
Zinc 2,086.50
Nickel 12,440.00
Lead 1,881.00
Tin 16,525.00
Cobalt 33,500.00
Gold 1,646.30
Silver 18.550

COMEX ($US), Feb 21 –
Gold 1,645.90
Silver 18.54
Copper 2.6105
Platinum 976.90
Palladium 2,611.80

LBMA price data ($US), pm Feb 21 –
Gold 1,643.30
Silver 18.56000
Platinum 976.00
Palladium 2,690.00

NYMEX ($US) 62% Fe CFR China, Feb 21 –
Iron ore 86.42

Pages

Mining Billboard

Insights and analysis from leading industry commentators