Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Record production and profits, more resources and a 50 year mine life see Griffin Mining well set for the future. Mark Mentiplay reports

It has got to hurt when a new technical report wipes out a company’s entire 2.1Moz open cut gold resource. Mark Mentiplay reports.

A big resource upgrade has heralded first production from the Perkoa Base Metals Project in Burkina Faso before the end of the year

Aspire downgrades its Mongolian Ovoot Coal Project resources, but holds to an early 2016 start up. Mark Mentiplay reports

Gina Rinehart has had another win, this time over hiring foreign workers for her Roy Hill mine. John Feary reports.

A pesky shareholder is threatening to upset First Uranium’s $US405M deals to sell off its non-performing prime assets in South Africa. Mark Mentiplay reports

The Queensland Govt and presumably Rio Tinto, wants to know how long the Federal Govt is going to delay Rio’s Cape York bauxite expansion. Mark Mentiplay reports.

Despite a mixed 2011 result, Anglo Asian’s near future seems underwritten by another resource upgrade this year and its second gold mine in 2013

Queensland has accused the Federal Govt of costly, time wasting interference after giving Rio’s $1.45B Cape York Bauxite Project the green light. Mark Mentiplay reports.

ZincOx is already planning a second zinc recycling plant in Korea and others around the world. Mark Mentiplay reports.

After three months, BHP brings a slimmer, smarter TEMCO back to life. John Feary reports.

Leighton’s bosses have outlined the group’s risk-averse strategy to restore performance and reap the benefits of an Asian century. Mark Mentiplay reports.

Less red tape should speed approval of Gladstone’s Yarwun coal terminal. John Feary reports.

Anglo American and Codelco have stopped at the courthouse steps to talk again about their Chilean project dispute. John Feary reports.

Carrick Gold’s acquisition of the Mt Jewell Project will lift the LKK Project’s gold resources 23% to 986,400oz. Mark Mentiplay checks out a substantially upgraded LKK Project in Western Australia ahead of production before the end of the year.

The newly merged IMX Resources has revealed a 2-stage plan to develop its Nachingwea Nickel Sulphide Project in Tanzania. Mark Mentiplay looks at claims the project is on a par with BHP Billiton’s Mt Keith Project in Western Australia.

Environmental approval keeps Toro on track for 2014. John Feary reports.

A moving wall of ice sets special challenges for Centerra Gold. John Feary reports.

Lower output, higher costs hit Gold Fields
John Feary
JOHANNESBURG, May 17 – Lower gold production and higher cash costs particularly in its South African mines held Gold Fields to net earnings of $US268M for the March 2012 quarter, down from $336M in the December quarter but well above the $158M in the March 2011 quarter.
Attributable Q1 2012 gold production was 827,000oz, down 6% from the Q4 2011 figure of 883,000oz.

Mark Mentiplay
PERTH, May 1 – The resurrection of the famous Norseman Gold Project in Western Australia, Australia's longest continually running gold operation, has begun in earnest with the aim of becoming a consistent 100,000oz producer within one year.
Since a Tulla Resources Group P/L subsidiary was appointed manager of the project south of Kalgoorlie in February this year, there has been a complete review of operations and a resultant restructuring programme implemented on a "return to basics" approach.

A 22% jump in lithium prices is neatly timed for Galaxy Resources. John Feary reports

Norilsk Nickel has won the latest skirmish in its continuing battle with fellow Russian UC Rusal. Mark Mentiplay reviews the stoush.

Foreign miners are scrambling to assess their rights after Indonesia introduced a new regulation setting a timetable for majority domestic ownership of mines. John Feary checks their immediate responses.

It has not been a good year for suspended Australian gold producer Mundo Minerals and its emerging Peruvian and Brazilian gold centres. And just when it had prepared a recovery strategy and end a five month suspension on the ASX bench, it just got a whole lot worse. Mark Mentiplay looks at the problems and the plans for recovery.

Expat mining companies in Indonesia are still coming to terms with recently announced rules on foreign ownership. John Feary tries to help them.

The long troubled Windimurra Vanadium Project in Western Australia has been downgraded by Moody’s amid claims the project may not have the readies to ramp up to full production and fix its plant problems. Mark Mentiplay looks at the latest claims.


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