Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Big drops in copper and gold production push global major Freeport-McMoRan from profit to a YTD19 $172M loss

Miner Hochschild Mining has had the 2nd best 9-months production period in its history, with the Inmaculada mine racking up record output

Russia-Zimbabwe get together to established a new platinum mine in Zimbabwe in advanced talks with potential investors for a further $500M to start the project

The ramping Minas-Rio iron ore operation and a big coal performance, particularly Australian metallurgical coal, were the highlights of Anglo American’s Q3 19

With output generally down a little, a big jump in the nickel price and help from gold and cobalt, have lifted Independence Group’s Q1 20 profit 119% to $66M

While an optimisation study and some funding assistance has helped Millennium Minerals lift Q3 19 gold prodn, the costs have been heavy and recoveries down to 65% from 82%. By Mark Mentiplay

Gold production up and costs down as a record breaking Saracen Mineral Holdings Q1 20 already exceeds FY 20 expectations. By Mark Mentiplay

Primarily lower grades have seen YTD19 prodn from 3 out of 4 of Highland Gold’s Russian mines fall, but still manage an increased 217,298oz.

Aeon Mets is moving to PFS following a positive scoping study for its 446,000t CuEq initial 11-year LoM Walford Creek Cu-Co project in N Australia. By Mark Mentiplay

A sudden fall in prices blamed on Chinese currency variations and emerging fears of over-supply have triggered drastic action by Syrah Resources to reduce production and workforce levels at its world-leading high-purity graphite operation, the Balama mine in Mozambique.

A series of problems at Costerfield has seen Mandalay Resources cut FY/CY19 expectations after a YTD19 production fall

In just a few months, VRX Silica has come up with its 3rd major silica sands project in Western Australia. Mark Mentiplay reports

PFS flags 924,000t Ni/36,000t Co over 38-year LoM for Horizonte’s Vermelho proj, just 85km from its similarly advanced Araguaia ferro-nickel project

Australian-based Talga Resources gain further support for its plans to build a large, long-term European source of anode products for the lithium-ion battery industry.

Strong production and costs performance in September and continuing into October have encouraged Blackham Resources to declare a significant turnaround at its previously struggling Matilda-Wiluna gold operations in Western Australia. John Feary reports

The bankable feasibility study has emphasised the potential for Salt Lake Potash’s Lake Way project to generate very strong returns over a forecast mine life of 20 years.

Gt Panther lifts all Q3 19 precious-base metals output by 18%-20%, but with a question mark hanging over front runner Tucano’s Q4 19 prodn

Cash-strapped Australian coal producer Bounty Mining says it has listened to the preferences of its shareholders in accepting a $A90M refinancing deal from privateer QCoal Group.

Resolute Mining exceeds 100,000oz gold for the September quarter on the back of its automation success at Syama in Mali and Mako mine acquisition in Senegal, with its Ravenswood mine expansion in Australia still to come. John Feary reports

New producer Heron Resources has settled its dispute with contractor Sedgman and negotiated a $91M funding package it needs to overcome the working capital deficiency arising from the delayed completion and slow ramp-up of its Woodlawn zinc-copper project in NSW, Australia.

Stellar Resources gains strong evidence for its bid to become Australia’s second largest tin producer with positive scoping study for Heemskirk project.

Sibanye Gold outlines 20% workforce reductions in the latest attempt to find a sustainable future for the struggling Marikana platinum mine in South Africa.

Leading metallurgical coal producer Coronado Global Resources downgrades its full year earnings forecast over sudden fall in benchmark prices.

DFS sees S Africa’s Waterberg PGM project rising from a 2023 prodn start to becoming one of the largest, lowest cash cost, underground PGM mines in the world

After eight years guiding the development of the Woodlawn zinc-copper project through study, financing, construction and commissioning, Heron Resources MD-CEO Wayne Taylor has been abruptly dismissed over the mine’s slow ramp-up.

Massive UK fertiliser development project slowed for major strategic rethink after market conditions force it to abandon a $500M key funding program.

VRX Silica has produced a 2nd positive BFS supporting 2 of its 3 advanced silica sand projects in Western Australia. By Mark Mentiplay

South American miners Titan Minerals and Core Gold are set to try again to pool their resources into an emerging regionally focused gold company after the British Columbia Supreme Court rejected their previous scheme of arrangement

The reversal of a decision by developer Havilah Resources’ major shareholder to back a $100M GFG investment in the company has seen the bid rejected. By Mark Mentiplay

A change to a smaller and cheaper development strategy could make it easier for developer TNG to reach a final investment decision and gain financial approvals for its Mount Peake project in Australia’s Northern Territory.


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