Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

BHP Billiton has wrapped up a torrid profit reporting season for the world’s greatest miners with a 35% plunge in profit and a halt to major new development projects

Phoenix Gold is now eyeing a stand-alone processing plant at its burgeoning Castle Hill Gold Project.

First Majestic’s latest silver mine will be producing 7.2Moz of silver equivalent a year within two years

The industry rumours have been as persistent as the official evasions, but BHP has finally admitted it: there’s no chance for the grand Olympic Dam expansion plan

About $26M worth of HMC shipments before year’s end are key to underwriting Matilda’s Keysbrook Project and securing a new major shareholder. Mark Mentiplay reports.

Amid global iron ore market uncertainty, Swiss company Ferrexpo remains committed to the growth program that has served it well. Chris Cann reports from London

Falling nickel prices are starting to bite into Australia’s QNI refinery’s small 2012 profit.

Weaker prices/demand and rising costs have savaged Gem Diamonds’ half year

Profits tumble for both pursuer and pursued as the battle for Xstrata continues

New name, new hope as diversified Arrium sees strong fundamentals for iron ore

A 35% cut in coal stockpiles by a major Hong Kong trader demonstrates the impact of China’s faltering steel production. Paul Garvey reports from Hong Kong

Major global financier/metals trader Red Kite has taken a 1st time stake in an Australian explorer. Mark Mentiplay reports

Despite its 30% fall in first half net profit, Zhaojin Mining is set to join the global rush of Chinese gold miners looking for acquisitions. Paul Garvey reports from Hong Kong

Expansion plans remain firmly in place as a cautious Western Areas eyes another tough year. Mark Mentiplay reports

Huge falls in official Philippines gold production figures suggest that smuggling is on the rise. Erik dela Cruz reports

Death toll still rising as police strive to restore public order at Lonmin’s Marikana mine

It’s been dogged by higher costs, delays, new taxes and cooling prices, but the Chinese steelmaker still sees Australia as a good place to do business. Paul Garvey reports from Hong Kong

African Barrick Gold is on the market, and though a bidding war isn't likely there will be a few companies around the world wanting to take a look. Clara Ferreira-Marques in London and Brenton Cordeiro in Bangalore report

It’s tough out there for nickel miners. Just ask Aussie Mincor Resources in its battle against falling prices and a future it says, at best, is challenging. Mark Mentiplay reports

China prepares to cut its own coal production to ease a supply glut that further threatens coal/iron ore prices. Fayen Wong reports

Venture Minerals’ $17M cap raising net snares major new investor in Elphinstone

There are signs that uneasy relationships between Mongolia and its neighbour China could become a last-minute sticking point in the massive Oyu Tolgoi project

A single, major deal has Southern Cross’ sights now set squarely on mid-tier gold production status. Mark Mentiplay reports

It’s temporarily a train to nowhere, but the first ore cargo from the Karara mine represents a breakthrough for the long-held hopes of a new iron ore province in the Midwest region of Western Australia

IAMGOLD says its focus on quality assets is working despite a June quarter blip when higher mining costs cut earnings from continuing operations by 29%

Minera IRL remains confident of mid-tier gold production status in a few years, despite cash flow decline.

Indonesia looks set to slash Malaysia Smelting’s 70% stake in a big tin J/V.

Higher gold prices lifted Newcrest to record profit for 2011-12 as it prepares to commission two major growth projects. John Feary reports

Miners from Canada’s Labrador Trough have teamed up with CN to fund a feasibility study into multi-user rail and port infrastructure

Latest Cambodian Govt figures on mining sector earnings and investments just don’t add up.


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