Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

The sale of Winchester project to Australian independent miner Whitehaven Coal brings Rio Tinto close to completing its strategic withdrawal from its Australian coal business.

Australian miner Tawana to spin-off its exploration assets to focus on the ramp-up of its new lithium producer Bald Hill mine.

The BFS for Aguia Resources Brazilian phosphate project has outlined a high quality phosphate/aglime operation with a significant cost advantage over what’s being supplied to the S Brazil market

Ironbark Zinc is planning to charter a ship that will deliver fuel and equipment to the remote NE corner of Greenland in August to allow initial construction work to start on its 200,000tpa Citronen zinc metal project.

Glencore is buying Rio’s majority stakes in the Hail Creek Coal Mine and Valeria coal resource in Australia for up to $2.04B

Fellow Canadian gold miners Alio Gold and Rye Patch Golds are getting together in a $128M all-shares merger expected to produce 165,000oz in 2018

An optimisation study for a current revised PFS is already finding ways to cut Birimian's Mali lithium project transport, handling, power, fuel costs and ultimately previous capex estimates up to $126M+

Hecla Mining has launched a mutually agreed, $462M cash/shares bid for Klondex Mines and its burgeoning Nevada, US, operations. By MBM’s North American correspondent

Broken Hill Prospecting and earn-in partner Cobalt Blue say they have advanced the Thackaringa cobalt project in NSW, Australia towards global status with a significant resource upgrade.

Newcrest Mining will proceed with mining lease and environmental processes on its 50-50 Wafi-Golpu copper-gold JV with Harmony Gold after completing an updated feasibility study that improves its costs and production profile.

Cameroon government approval of a further extension of its mining convention gives Sundance Resources more time to find a funding partner for its ambitious Central African iron ore development.

Asanko Gold 1st full production year sees all the major markers up, topped by a $6.1M profit and more flagged over the next 6-years

Osisko Mining has come up with a maiden 510,000oz resource close to its 1.6Moz Windfall Lake Gold Project. By MBM’s North American correspondent

Higher copper prices and some tax adjustments have helped Turquoise Hill to a meagre FY17 $4M profit increase to $111M on lower output/sales and higher output costs

TNG has signed a strategic co-operation agreement adding construction and engineering groups Clough and McMahon Services to its EPC team for financing and construction of the Mount Peake vanadium-titanium-iron project in Australia's NT

Kingsrose Mining is progressing expansion plans after the production turnaround at its Way Linggo mine in Indonesia delivered a strong return to profit for the December half-year.

Mustang Resources contemplates a two-stage development strategy for its Caula graphite project in Mozambique, with vanadium concentrate emerging as a likely cash-flow boost.

Embattled miner Hillgrove Resources is expecting a return to some normality in 2018 after lifting FY17 copper production, albeit at higher costs, and cutting its net loss to $14M from a $109M loss

Aruma Resources acquisition of Westgold's Trojan project offers near-term production potential plus support for its Slate Dam ambitions.

The $418M acquisition of a big Glencore zinc portfolio has seen Trevali Mining double its FY17 profit to $20.2M, rising to $60M after factoring in the one-time Glencore acquisition. My MBM’s North American correspondent.

Despite a $66.2M impairment charge, a better metallurgical coal market has helped Corsa Coal emerge from 2016’s $34.1 loss to a FY/CY17 $83.7M profit, with more to come

With Brio Gold shareholders likely to approve the mutually agreed $280M Leagold takeover of Brio next month, the latter’s FY17 loss has gone out to $21M

It should be third time lucky for the Second Fortune mine, with Anova Metals about to begin production from the reopening of the historic underground workings in the West Australian Goldfields.

$174 impairment/sale loss has helped push Endeavour’s FY17 profit down 33% to $66M, despite record gold production from its W African operations, but with more expected in 2018. By MBM’s North American correspondent

Antofagasta has lifted its FY17 profit to $1.2B from 2016’s $214.3M, despite falls in gold-copper production and higher costs

A maiden JORC 2012 resource figure for its Anthill gold project 55km from Kalgoorlie encourages Intermin to begin scoping studies for an opencut mine development.

Artemis Resources is pushing forward with approvals to mine its Weerianna gold project in Western Australia after studies highlighted its potential as initial ore source for the Radio Hill processing hub. John Feary reports

$165M of a $200M loan package will go to bringing Teranga Gold’s new Burkina Faso gold proj into production by end 2019 and completing the FS on another

St Barbara plans a limited restart of work at its Simberi gold project in PNG tomorrow while it awaits the arrival of a mediation team to seek a resolution by an illegal strike by the majority of its workforce.

Geopacific proposes a low-cost development solution as it builds to a 93% effective interest in the Woodlark gold project on an isolated island in the Solomon Sea.


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