Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

International diamond miner Lucapa is progressing towards its target of lifting its global production by 200% by approving a 45% increase in mining and processing capacity at its Mothae mine in Lesotho. John Feary reports

Strike Resources aims for the fast-tracked development of its Paulsens East project in Western Australia’s Pilbara region to seize the benefit of high current iron ore prices.

With the major indicators up, IGO has set a solid $45.5M profit platform for the rest of FY21. By Mark Mentiplay

With the coal price below economic levels and uncertainty over Chinese coal imports, the Chinese-owned Bluff Coal Project is moving to care & maintenance. By Mark Mentiplay

Joint venture partners Horizon Minerals and Richmond Vanadium Technology are turning their attention to the costs and timing of a definitive feasibility study for their Richmond-Julia Creek vanadium project in NW Queensland, Australia.

All commodities up for Q3 20, lifting Freeport McMoRan net income $276M to $329M

Two of the most powerful men in the Western Australian mining sector, Fortescue’s Andrew Forrest and Mineral Resources’ Chris Ellison, are on opposite sites of the looming legal fight over plans by Ellison’s company to develop its newly acquired Wonmunna iron ore development in the Pilbara region.

Chilean copper-gold miner Antofagasta is still feeling the fallout from COVID-19, with molybdenum holding out to lift Q3 20 production.

Gold-silver miner Hochschild is successfully battling COVID-19 restraints that have hit all 3 of its operation, with gold-silver output doubling

A combination of negatives have hit St Barbara’s 3-mine Q1 21 operations, pushing production down to 72,990oz from Q4 20’s 108,612oz

Big upgrade for Liontown Resources’ Kathleen Valley lithium-tantalum project, flagged for 1st production in Q1 2025

‘Merger of equals’ between dominant West Australian miners Northern Star Resources and Saracen Mineral Holdings will create a global Top 10 gold producer with a portfolio of producing and prospective projects in Tier 1 Australian and North American jurisdictions and compelling synergies and growth opportunities.

Australian gold miner AuStar has significantly narrowed its full year FY20 net loss despite the extra costs of its ultimately withdrawn attempt to build on its Victorian gold portfolio through a merger with the under-administration Centennial Mining.

Cleveland Cliffs to become N America’s largest flat-rolled steel and iron pellet producer with the $1.4M acquisition of ArcelorMittal’s US operations

Following record $290B resources/energy earnings in FY20, the Australian Govt is flagging another strong 2-years ahead

Record $22B increase in FY20 Western Australia resources sector sales to $172B

Despite a fall in FY 20 gold production, Red-5 is heading for mid-tier production status on the back of a $7.53 turnaround to a $4.5M profit. By Mark Mentiplay

Gruyere gold mine partners Gold Fields and Gold Road Resources have trimmed production guidance after the failure of a ball mill motor bearing brought an end to a strong first year of operations at the West Australian mine. John Feary reports

Australian nickel specialist Mincor Resources is promising an exciting ride for Western Australia’s renowned Kambalda nickel province following board approval to end a five-year shutdown and redevelopment of its Kambalda Nickel Operations.

West Australian developer Calidus Resources has named preferred contractors Macmahon (opencut mining and civil) and GR Engineering (process plant) as it begins construction work ahead of schedule on its Warrawoona gold project in the East Pilbara.

New study backs Oregon’s 1st gold mine, Paramount Gold’s $130M underground operation producing 362,000oz gold/425,000oz silver over an initial 8-year LoM

Three years after the Philippines government’s anti-mining policies forced it to leave its Siana gold mine, completion of a strong feasibility study at King of the Hills sets Red 5 on track to become a significant mid-tier Australian gold producer. John Feary reports

Lithium aspirant Mali Lithium gets new major shareholder in Resolute Mining as part of a $70M raising to secure 80% of the Morila Gold Mine in Mali and is already talking strategeic partnership. By Mark Mentiplay

Australian miner New Century Resources rules out a binding offer to acquire and revive Vale’s struggling Goro nickel and cobalt operation in New Caledonia.

Mine planning optimisation study supports Ironbark Zinc’s case for its Citronen project on the remote northeast coast of Greenland to be a major zinc and lead development.

Little-known Australian explorer and developer Mali Lithium aims to find a new lease of life for the Malian gold project that was once known as Morila the Gorilla after agreeing to pay international giants Barrick Gold and AngloGold Shanti $US22M-plus for their combined 80% stake.

Gold miner Oceanagold has again cut FY 20 output expectations for its global operations in the wake of the COVID-19 pandemic

A $435oz jump in the gold price has seen Regis Resources’ FY 20 profit jump 22% to $200M

Australian-based international mining services contractor Macmahon has ridden the increased gold and gold-copper activity to record earnings and cash-flow in the June 2020 financial year. John Feary reports

Increased sales revenue and lower costs for Perseus $87M FY 20 profit jump to $94.4M, with Yaouré on the production horizon


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