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 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.

A good Petropavlovsk H1 19 has seen all the good things up and the bad things down for a $54M turnaround to a $14M profit underpinned by a successfully ramping POX hub

Americas Gold and Silver’s major shareholder Eric Sprott buying 40% of America’s Galena silver mine for $20M

Battery materials market uncertainty hits the flake graphite suppliers, with Syrah Resources cutting output from its Balama operation in Mozambique by 66% due to falling spot prices and over-supply concerns.

New study sees Integra Res’ Idaho heap leach operation generating $697M after tax cash flow over an initial 10-year LoM from 1.24Moz AuEq ouput

Tanzania’s Mining Commission orders major regional coal producer Tancoal to charge customers hefty new royalties on the transportation costs of thermal coal sales.

A string of financial benefits, not big production increases or cost cuts, have fuelled a FY19 $145M net profit from a $2.6M profit the year before

Miner Independence Group racks up a string of records to lift its FY 19 NPAT 44% to $76M. By Mark Mentiplay

Australian international gold producer Resolute Mining expects to lift 2020 production at its Ravenswood mine to 80,000oz after pressing the go button on Stage 1 of the expansion plan at its long-lived Queensland operation. John Feary reports

Shipment timing and big growth investments have pushed OZ Mins’ H1 19 profit down $84m to $44M

The end of mining at Hillgrove’s Kanmantoo Cu-Au mine in S Australia has the operation running on stockpiles, for lower output and cutting H1 19 profit 9.2%.

Gold Fields has sold its 10% stake in J/V partner Gold Road Res for $1126.3M, but is hanging on to its 50% of the Gruyere Gold Project. By Mark Mentiplay

Delayed acquisition/ramp up of the Koolyanobbing Iron Ore Project and the ending of Wodgina lithium DSO sales slash Mineral Res FY19 profit 39%

Cazaly Res has accepted a new superior $20M+ offer for its Parker Range Iron Ore Project from neighbouring producer Mineral Res. By Mark Mentiplay

Maiden Kenmare dividend follows 17% H1 19 profit fall on HMC production down 8%, but with ilmenite, zircon and rutile all up

Prophecy Devel is setting up to spin off its Bolivian silver and Mongolian assets as its US Vanadium operation closes on 1st production in 2022


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