Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Despite record FY18 gold production following the mid-2018 Klondex takeover, Hecla’s silver production has fallen over 2Moz, albeit cutting its loss $2M to $27M

Lower tax and asset sale help Newmont Mining from a loss-to-$280M FY19 profit turnaround despite lower gold-copper prodn and higher costs. By MBM North American correspondent

The outstanding performance of low-cost mines in Australia and Canada have Kirkland Lake Gold closing in on a million ounces of annual gold production – and a billion dollars in annual cash may not be far behind

Specialty chemicals producer Albemarle gets one-off extraordinaries help to a FY18 $696.5M profit from 2017’s $55M net income

Heavy investment lower interim profit but advances Mineral Resources towards its ambition of becoming Australia’s No 1 integrated mining services provider. John Feary reports

Alamos Gold has had a good FY18, with record gold production and more in the wings, but with higher costs and one-off items generating a near $100m turnaround to $72.6M loss

Acacia Mining says it has not yet been briefed by its 63.9% shareholder on a new agreement negotiated with the Tanzanian government to settle the bitter dispute over alleged tax and duty evasions.

Unexpected problems in Australia and Chile keep H1 19 prodn/revenue flat and the underlying profit 8% lower to $3.73B, with FY18 expectations for more of the same. By Mark Mentiplay

Chinese coal traders are looking for other sources as just Australian shipments are being mysteriously held up by customs

All systems go as Pretium Resources posts 1st full-year 370,000oz+ gold, $200M cash flow and a $36.6M net profit. By MBM’s North American correspondent

Asanko Gold and its namesake Ghana gold mine J/V both suffer heavy FY18 losses

Lower production, higher costs and impairments have combined to push Kinross Gold from a 2017 $445M profit to a $23.6M 2018 loss

Newcrest Mining adopts a new openpit/underground development scenario for Fiji’s giant Namosi Waisoi copper and gold project after concluding its previous openpit proposals would not generate acceptable returns.

Having completed its $5.4B merger with Randgold last month, Barrick Gold has ushered in a new era with substantially lower gold-copper production and a $1.54B loss. By MBM’s North American correspondent

Teck Resources has overcome some Q4 18 losses in its energy/zinc-lead operations to produce a record $3.1B profit for FY18

Non-cash items and lower gold production have combined to cut Aussie miner Evolution Mining’s H1 19 profit 31.5% to $91.1M

Harmony Gold’s investment strategy pays off with the inclusion of Moab Khotsong in South Africa and Hidden Valley in PNG boosting its production and cash flow in the first half of 2019.

New mine design/updated DFS boosts EganStreet’s Rothsay production, revenues and cash flow expectations

An Oct, 2018, internal report shows global iron ore leader Vale knew the dam in Brazil that collapsed killing around 165 people was at risk of rupturing

Big Russian gold-silver miner Polymetal OKs immediate construction start for its POX-2 Gold Project, targeting 1st production Q3 2023 for 9.3Moz over 23-years.

Arafura Resources DFS outlines a robust case for its Nolans rare earths project in Australia’s NT to be the next potential scale producer of NdPr oxide to the clean energy market as China’s supply dominance fades.

Hot Chili has identified the potential to develop a top-30 global copper mine at low altitude in Chile’s coastal range by combining its large-scale Productora project with the nearby Cortadera copper-gold discovery.

It’s been a good year for global miner/commodity trader Glencore with only oil letting it down

Teck Resources has warned of a big reversal of fortunes in Q4 18, fuelled by a $92M loss for its energy business and another $23M loss for its Trail zinc-lead operation

Kyzl kicks in with 1st major production to lift Polymetal Int’l to a record 1.56Moz AuEq in FY18

SolGold may have triggered a bidding war for Cornerstone Capital Resources’ and its stake in the big Cascabel Cu-Au project from major SolGold shareholders BHP and Newcrest. By Mark Mentiplay

The start of mining at Kingsrose Mining’s 2nd Way Linggo pit in Sumatra set to pave the company’s road ahead with Q2 19 project output up to 3,556oz

Company executives and engineers are facing criminal charges as Vale announces plans to suspend 11 Brazilian operations while it decommissions more vulnerable tailings storage dams.

A consortium of high-powered French engineers have outlined a positive case in their definitive feasibility study for the Kola potash project in RoC, but owner Kore Potash thinks it has missed factors that make it an even more exciting development.

A new review to finally get adequate funding for Iron Road’s South Australian iron project envisages cutting it in half – capex to $645M and production to 12Mtpa. By Mark Mentiplay


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