Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

CIMIC Group mining services company Thiess has been awarded a five-year extension and expansion of its existing major contract worth $A1.2B at BHP’s Mt Arthur thermal coal mine in the Hunter Valley of NSW.

Six years after its mining assets were expropriated by the Venezuelan government, Rusoro Mining has $US1.3B and agreement that could see it restarting two mines in partnership with the government.

Increased Q3 18 gold-copper production underpins top end FY 18 gold target of 5Moz and copper up to 410Mlbs

A 2nd crusher line has helped Anglo Asian lift Q3 18 production from all its gold-copper-silver commodities and now targeting a FY18 84,000oz AuEq

A 48% YTD18 gold equiv production jump has McEwen nicely on track for 171,000oz AuEq in FY/CY18, with the new Gold Bar project set for more from Q1 19

New mineralisation discovery prompts TerraCom to plan a doubling of capacity at its Mongolian coal mine.

Superior Lake Resources will move immediately to a DFS after a restart study supported the potential for a low-cost, high-value development of the historic Pick Lake and Winston Lake projects in Ontario.

Record Q3 18 Aussie gold production steers Kirkland Gold to FY/CY18 635,000oz+

Nusantara Res is on the hunt for a joint development partner after DFS envisages profitable $191M open pit, leach, 100,000oz pa gold operation in Indonesia

A 2nd PEA has added silver equiv production, cash flow and profitability to Golden Minerals’ low cost Santa Maria project in Mexico

The last few days have seen a number of expansion, upgrade, production announcements that set a glittering near future for Copper Mountain Mining. By MBM’s North American correspondent

Mutually-agreed Americas Silver take-over/merger of aspiring gold miner Pershing Gold to create new Americas precious metals/polymetallic company

A single, major Capricorn Metals shareholder has thwarted Regis Resources’ takeover bid for the gold developer. By Mark Mentiplay

A good operational Q4 that’s carried into 2019, has Firestone Diamonds nicely set for the near future

New study sees a new neighbouring $193M mine, utilising the producing Copper Mountain infrastructure, producing an initial 768Mlbs copper and 550,000oz gold

Lower gold production, partly due to a failure to bring underground mines to full capacity, has seen big Russian gold miner Petropavlovsk turn in an H1 18 $24.8M loss

$40M funding to expand WA lithium project and facilitate the merger of JV partners Tawana and Alliance

New work lifts Teranga’s Burkina Faso gold reserves, with more expected, and extends LoM out to 13-years for more 1st- up prodn.

Higher grades, gold-silver prodn and consequent revenue lift Trans-Siberian’s bottom line to $2.55M.

Sayona Mining is looking to have its initial 18-year, 1.58Mt spodumene conc sales Authier Lithium Project in production in 2020 following a positive DFS

The all-share merger of leading gold producer Barrick Gold and African miner Randgold will spawn a clearly dominant $18.3B gold company eyeing $10B in initial annual revenue and adjusted EBITDA of around $4.7B. By MBM’s North American correspondent

Peabody takes another step to strengthen its metallurgical coal platform with the $US400M acquisition of Drummond’s Shoal Creek mine, a central Alabama longwall operation that sold 2.1M tons to Asian and European steel mills in 2017.

Equinox Gold set for producer status with the $158M acquisition of New Gold’s Mesquite mine in US, with more in the wings from Aurizona and Castle Mountain. By MBM’s North American correspondent

The size of RNC’s recent bonanza Beta Hunt gold discovery has more than doubled, with the $38M result to be used to accelerate exploration of the mine, historically known for its nickel. By Mark Mentiplay

Doray Minerals has achieved the first step towards a new growth strategy for its Deflector gold-copper mine with the declaration of a resource upgrade for the Da Vinci deposit. John Feary reports

West Australian company Kalium Lakes has given the green light for early works and final engineering after completing a BFS that increased annual output and extended the forecast mine life of its Beyondie sulphate of potash project. John Feary reports

New PEA underpins Velocity’s strategy to develop a 100,000oz+ pa gold operation in Bulgaria, starting with Rozino’s 65,000oz pa

Maiden 4.76Moz reserve clears the way for Cardinal Resources’ 4Moz Namdini Gold Project IN GHANA. By Mark Mentiplay

Warden’s court ruling on historic tenement dispute could delay Australia’s most advanced proposed lithium mining and processing development, companies warn.

Petra Diamonds’ FY18 bottom line has been hammered by losses from its now ended KEM JV, strikes, Tanzanian export bans, impairments and FX losses, crashing to a $203M loss


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