Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

A strong recovery in its core Australian resources and energy markets has helped engineer Monadelphous lift its December half-year profit by 32% to $37.6M.

Western Areas is looking for more organic growth after its value-over-volume approach delivered a return to robust profit in the December half-year. John Feary reports

New Hope Corporation is headed towards a good financial result for the December half-year after recording an 11.7% increase in coal sales in an environment of improving coal prices.

An $118M impairment, strikes and a Tanzanian n export blockade has seen Petra Diamonds fall from profit to an H1 18 loss of $117.7M

Hong Kong-based Long State Investment has signed a binding agreement for a $15M equity placement facility with Ardiden to speed the advancement of its Seymour Lake lithium project in Canada.

Big Russian miner Polymetals is paying $72M to lift its stake in the giant Prognoz silver project to 50% with the aim of getting it into production in 2024.

Millennium Minerals awards development and mining contract to GBF for the first underground operation at its flagship Nullagine gold project in Western Australia's East Pilbara.

Hummingbird Resources begins feeding higher-grade ore into the plant feed as its Yanfolila gold mine progresses on track towards towards commercial production.

Acacia talking with Chinese majors Shandong Gold Mining and Zijin Mining Group on potential JV resolutions to its stand-off with Tanzanian government.

Over 1Mt a day ... the on-schedule ramp-up of production from its giant S11D expansion has helped world No 1 iron ore producer Vale set a new record of 366.5Mt for FY2017.


Lower prodn and some extraordinary costs have seen Hecla Mining plunge from profit to a FY17 $24.1M loss, but with reserves at record levels

Zinc/lead offsets copper/gold falls in a FY17 of asset acquisitions and sales to lift Goldcorp’s bottom line to $658M from the previous year’s $162M. By MBM’s North American correspondent

Lower costs and a better gold price have helped Kinross Gold overcome lower gold equivalent production to turn a FY16 loss to a $445.4M FY17 profit

With assets sales cutting Barrick Gold’s gold reserves 25%, the near term production outlook is not looking any better, albeit assuaged by $2B+ of extraordinary items carrying it to a FY18 $1.44B profit

Newcrest Mining reliant on second half recovery at Cadia operations to offset interim declines in output, costs and results.

Teck Resources more than doubles FY17 profit, despite production falls and not much better forecast out to 2021

Increased copper, nickel and gold production has helped lift Boliden’s FY17 profit SEK2.6B to 6.85B

An increased Q1 18 loss on lower production and higher costs sees Orvana looking for increased gold oxide production in Spain and new a deposit in Bolivia to better its 2018 expectations

A big hedge loss, plus impairments and other costs have seen First Quantum fall from a FY/CY16 profit to a FY/CY17 $316M loss.

As if the on-going, year-long Tanzanian concentrates exports ban wasn’t bad enough, Acacia has had to wear a $644 impairment resulting in a $802M turnaround to a FY17 707M loss

Hill End Gold is confident it has outlined the prime ingredients for one of the world’s biggest high purity alumina projects. By Mark Mentiplay

Despite record silver equiv prodn, lower costs and revenues up $138M, Coeur Mining’s FY17 net profit has halved to $11M

Highland Gold Mining contemplates long-term production of 55,000ozpa gold by combining the openpit development of its Belaya Gora and Blagodatnoye deposits in the Russian Far East.

Alacer Gold has lifted FY17 net profit to $82M from $6.2M on gold production up nearly 50,000oz and more certain in 2018 as the Çöpler sulphide project comes on stream

South32 boss Mike Fraser confirms interest in its SA coal assets spin-off, being done partly because the company “doesn’t believe in the commodity.'’

A new order closing the Chilean side of the big Pascua-Lama mine has forced Barrick Gold to a project reserves/resources reclassification resulting in a $429M Q4 17 impairment

With record gold production and cash costs down, a debt-free Randgold Resources has lifted its FY17 net profit 14% to $335M, with more expected this year

Weatherley Int’l is looking for a 2020 construction start for its just acquired $5.75M Kitumba Copper Project in Zambia. By Mark Mentiplay

Vast Resources has had a good dose of the best and the worst in mining, with big Q4 17 production falls in Romania and records in Zimbabwe

Centamin is looking for FY18 gold production to eclipse FY17 to 580,000oz, but with cash costs about the same as FY17’s increased $554oz.


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