Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Completion of dedicated train loadout facility at its reopened Blair Athol coal project in Queensland, Australia is set to deliver $34Mpa cash-flow boost for TerraCom.

Universal Coal has broadened its South African coal export potential with the $18.6M acquisition of a big Exxaro power-export coal operation

In what they both agree is a "nice deal", Northern Star will pay $80M to acquire the South Kalgoorlie Operations of Westgold Resources to support its gold production target of 300,000oz. John Feary reports

2 former top Rio Tinto execs have rejected SEC charges over a failed African coal project and want the charges thrown out of court

Battery Minerals reports strong progress on a strategy that could see it producing over 200,000tpa graphite by 2022 in a growing market for graphite anode materials in lithium-ion batteries.

Increased resources and a resultant improved mining plan aimed a producing 231Moz silver, 2.86Mlbs zinc, 2Mlbs lead and 35,000oz gold over 29-years, has Levon looking for a partner to get its Cordero project into production. By MBM’s North American correspondent

China Nonferrous Gold has raised $60M through its major shareholder but warns it must finalise a wider refinancing plan by the end of 2018 to be able to continue operations.

Rambler has replaced 2-years of copper-gold mining at its Ming operation in Canada and updated reserves/resources to support a 20-year LoM

Stanmore Coal sees higher production, longer life for its Isaac Plains complex in Queensland after gaining federal and state approvals for its Isaac Plains East deposit.

New Century awards further works contracts to keep its refurbishment and re-establishment of the giant Century zinc mine in Australia on track for production in the September quarter.

Rare earths miner-processor Lynas is implementing a $35M NEXT program to boost production volumes, quality and range on the back of record half-year performance by its Kuantan facility in Malaysia.

Base metals miner Trevali Mining has done a $7.5M deal for a 75% stake in a 5.28Mt lead-since-silver-gold project near its producing Caribou Mine in Canada

Syrah Resources warns ramp-up production at its giant Balama graphite project in Mozambique will be temporarily limited to about 65% of forecast following an equipment failure.

Atlas Iron aims to offset the losses on its iron ore mining operations with the signing of Sinosteel as the customer for its innovative purchase-process-sale deal for lithium from Pilbara Minerals' Pilgangoora project.

New study thumbs up for Battery’s latest graphite project in Mozambique – an up to 55,000tpa graphite flake mining/processing operation that could be commissioned in late 2020. By Mark Mentiplay

Westgold Resources says a 40% increase in capital reinvestment primarily for its Central Murchison project brought it to a $0.7M after-tax loss in the December half-year.

Yancoal Australia reports a $A600M profit turnaround for FY2017 after just four months' contribution from the New South Wales coal mines acquired from Rio Tinto in a $2.7B deal last year.

Record production over most of its commodities lifts international miner Vale’s FY17 net profit $1.5B to $5.5B

Giant S Korean POSCO is investing up to $177.2M in Pilbara Minerals and its WA lithium project on the back of a S Korean-based conversion plant J/V. By Mark Mentiplay

Higher production from the Tomingley Gold Operations in New South Wales delivered a half-year profit turnaround for Alkane Resources as it ponders its development options at its Tomingley and Dubbo projects.

Doray Minerals eyes more improvement after achieving profitable operations at its Deflector mine in Western Australia in the December quarter profit.

Record FY17 silver production, with more flagged for 2018, as San Julian hits its straps underpinning 32% profit jump to $561M

Grange Resources’ FY17 net profit has plunged $30M+ to $60.7M on a big production drop primarily due to major pit repairs and skedded maintenance

The selection of Pybar Mining Services as underground mining contractor keeps Heron Resources on track for first production in the March 2019 quarter at its Woodlawn copper-zinc mine in NSW, Australia

Lower iron ore grades and reduced shipments sees Atlas Iron post a $40M turnaround for a H1 18 $21M loss

Despite lower H1 18 PGM production and higher costs, Sylvania Platinum has lifted net profit 19% and FY18 expectations to a top end 75,000oz

New Gold has completed a strategic withdrawal from Australia, quitting its JV over Rimfire Pacific's Fifield project in NSW months after selling its mothballed Peak mines late last year.

Ausdrill lifts half-year profit to $35M on improving mining services, equipment and parts demand in its key Australian and African markets.

Offtake deals with European and USA suppliers assure W Resources of solid revenue streams from the first-stage expansion of Europe's largest tungsten mine.

The recently acquired Black Forest mine is carrying the weight of McEwen Mining’s near future expectations as its Mexican operation winds down and lifted FY17 prodn fails to offset $10.6M loss


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