Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Australian miner Stanmore Coal seeks to take advantage of the many synergies and product blending opportunities with its existing operations after linking with M Resources to acquire the mothballed Millennium and Mavis Downs metallurgical coal mines in Australia’s Bowen Basin from Peabody Energy.

Rio Tinto and its subsidiary Turquoise Hill Resources have reached a ‘constructive and equitable agreement’ to end their long dispute over the funding of the underground development of the Oyu Tolgoi copper-gold mine in Mongolia.

Australian-based gold producer Resolute Mining has upgraded life of mine production and costs performance at its Syama mine in Mali based on the success of its continuing exploration and mine design optimisation.

West Australian miner Panoramic Resources is confident its recapitalisation, move to contractor mining/processing and recent developments will reduce the operating and financing risks that have previously dogged its long-life, high-grade Savannah nickel operation.

The new owners of the giant Vale Nouvelle-Caledonia openpit nickel mining and processing complex see a significant future in servicing the growing demand for lithium-ion batteries for the global electric vehicles industry after completing the acquisition of the business from former owner Vale.

A positive definitive feasibility study puts the Bardoc project on track to pour first gold in the December 2022 quarter, enabling West Australian explorer Bardoc Gold to make the transition to mid-tier producer and significant new gold sector player in the North Kalgoorlie region.

It’s taken West Australian company Mineral Resources just five months from breaking first ground to producing iron ore at its 100%-owned Wonmunna project, achieving the next step in the growth of its Utah Point Hub operations in the Pilbara region.

Strong support from existing and new institutional investors has raised $A43M to allow Vital Metals to begin production at its Nechalacho rare earths project in Canada’s Northwest Territories in the June quarter.

Australian silica sands project developer Perpetual Resources has underlined the potential of its Beharra project in WA’s Mid West to become the pre-eminent regional supplier of high-quality, low-impurity products to the growing Asia Pacific market.

Turquoise Hill names ‘independent’ to pursue Oyu Tolgoi expansion funding negotiations with parent company Rio Tinto after chief executive Ulf Quellmann succumbs to pressure and resigns.

The successful tender offer for the mothballed Texas project in SE Queensland is key to the plan by Australian explorer Thomson Resources to establish an integrated hub and spoke silver and gold operation straddling the New South Wales and Queensland border.

Acquisition of the Detour Lake gold mine in Ontario has helped Canadian miner Kirkland Lake Gold to achieve record production, earnings and cash-flows amid the challenges of global pandemic.

AngloGold Ashanti has established a ‘clear and credible path’ to extended, high-return growth with the identification of 6Moz in new ore reserves after the first 12 months of a multi-year investment program.

West Australian conglomerate Wesfarmers and Chile’s Sociedad Quimica y Minera have given their deferred final investment approval for ambitious vertically integrated lithium hydroxide development.

The decades-long history of the Canadian Malartic gold mine begins its transition to a new era of underground operations with the go-ahead by JV partners Yamana Gold and Agnico Eagle Mines for the start of construction of the Odyssey mine.

Orion Minerals has outlined ambitions to restore the historic glory days of South Africa’s Okiep Copper Complex after signing a $16M option agreement that will transform it into a significant base metals mining house.

The fallout of its destruction of priceless heritage assets in Western Australia continues for Rio Tinto as it waits to see the potential impact of yet-to-be-revealed new state legislation on its mining, development and community relations.

International miner OceanaGold warns the timeline for a revival of its Didipio gold and copper mine in the Philippines remains uncertain despite a breakthrough in talks with government agencies on the renewal of its formal approval.

Newcrest Mining is advance on a potential 3-year path to commercial production at its 60%-owned Havieron gold-copper project in Western Australia’s highly prospective Paterson province after approving $A146M funding for early exploration works.

Global specialty chemicals company Albemarle will take a lead in the US drive for security of supply of critical minerals with its planned $50M investment to double production from its Silver Peak lithium project in Nevada.

Peel Mining expands the asset base supporting its hub & spoke strategy for the Cobar Basin in western NSW after gaining state government approval to restore 100% control of the high-grade Mallee Bull underground copper resource.

Australian-based Lepidico sees heightened interest from potential offtake and financing partners in its vertically integrated lithium mining and processing project as expectations grow of supply constraints in 2021.

A new Australian Govt report has warned of big falls in thermal/metallurgical coal revenue in the current June 2021 year, with China showing no signs of easing current unloading delays at its ports

Australian technology metals specialist Element 25 could move within months to double or treble production at its under-construction Butcherbird manganese project in WA’s Pilbara region.

Australian-based nickel pig iron producer Nickel Mines aims to double the capacity of its Indonesian assets and strengthen its relationship with leading global stainless steel maker Tsingshan through its planned $490M acquisition of the Angel development project.

Canadian junior explorer Major Precious Metals takes 100% control of one of the largest palladium resources outside South Africa and Russia with its $13M acquisition of the Skaergaard project in Greenland from Platina Resources.

Kingston Resources plans to move on to a definitive feasibility study in the June 2021 quarter at its Misima gold project in PNG after its PFS confirmed its potential of a large-scale, long-life and low-cost operation delivering 130,000ozpa over 17 years at AISC of $A1,159/oz.

Lower production of all its commodities has seen PNG-focused K92 Mining’s Q3 20 profit plunge to $9.4M from $17M

Acquisitive Endeavour Mining has followed up its recent $691M takeover of SEMAFO with a friendly bid for Teranga Gold

West Australian gold miner Dacian Gold aims to extend the life of its Mt Morgans gold operations through the regional consolidation move to merge with explorer NTM Gold.

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