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Mining Bulletins

The full story: In-depth news and analysis

Global miner BHP says it has learned ‘new ways of working’ that have delivered record full year performance across several commodities in the midst of the COVID-19 pandemic.

Despite COVID-19, Vale has managed to lifted Q2 20 iron ore/nickel/cobalt production, with copper, manganese, coal and gold sliding

Saracen has flagged an up to $200M FY 20 net profit from $1.07B revenue on the Super Pit’s 1st 132,595oz contribution. By Mark Mentiplay

The $US67.5M development of a smelting hub in Indonesia by Gulf Manganese has been halted just two months from its targeted first production due to coronavirus-induced delays to the closing of its vital structured loan facility.

Rio Tinto begins the transition back to normal rostering at its West Australian iron ore operations as COVID-19 fightback successes help bring first half export shipments back on track for FY2020 guidance.

OceanaGold PEA backs Waihi, NZ, expansion to produce another 2.2Moz gold over 15-years starting next year

Sierra Metals has had a relatively good 9-months, despite its 3 Peru/Mexico operations being hit by fallout from the COVID-19 pandemic

All 3 of Hochschild’s S American gold-silver operations have taken a hammering from COVID-19 shutdowns

Rockhaven Resources’ $358M capex Klaza precious/base metals project in Yukon given a $540M post-tax NPV5% thumbs up in report flagging 980,560oz AuEq in 1st 12-years

Southern Empire launches mutually agreed all-share bid for MAS Gold and its 2 prime currently 512,600oz gold potential in Canada

Alto Mets has launched a $5.1M raising for its 331,000oz WA gold project after rejecting latest takeover offer

The Tucano mine in Brazil has countered big falls in Mexican production to lifted Q2 20 gold equiv output 11%

Paladin’s Langer Heinrich Uranium Mine restart plan flags 17-year LoM peaking at 5.9Mlb pa for 7-years.

Australian explorer Calidus Resources is accelerating plans to commence construction in six months for the development of its Warrawoona gold project in the East Pilbara of WA after an updated prefeasibility study pointing to a lower capital and lower risk route to near-term gold production. John Feary reports

Genesis has executive a 2-pronged expansion move to underpin the establishment of a new gold mine in Western Australia

Red 5 is looking beyond short-term issues that have affected June quarter production with a transitional strategy that will see it establish two independent long-life production hubs in Western Australia.

Australia’s OZ Minerals has outlined an opportunity to transform its Carrapateena underground copper-gold mine into a world-class project in scale, production, life of mine and costs by adopting a two-stage block cave development to follow its current sub-level cave operation.

Significant growth in reserves have enabled Nusantara Resources to forecast higher initial production and extended mine life as it continues development funding discussions for its 100%-owned Awak Mas gold project in South Sulawesi, Indonesia.

Canadian gold miner TMAC Res has staged a $610m turnaround, cutting its Q1 20 loss to $18M

A new study has flagged a 420,000oz gold start up project to bring on its recently upgraded 1.4Moz Hog Ranch Project in Nevada

Amarillo Gold expects to begin construction of its $166M capex, 811,00oz Posse Gold Project in Brazil next year

West African-focused miner Perseus Mining reaches agreement on a $60M merger that will combine its existing producing and near-production assets with the extensive exploration potential of Exore Resources.

Barrick Gold has thrown another 15% stake in the giant Porgera gold mine in PNG into the negotiation pot to get the mine back into operation

FMG has lost a 3-year battle to appeal Aboriginal rights to over 2,700sq km of iron-rich land in Western Australia’s Pilbara region

The combination of extensive local experience and the resources of a new national owner has proved crucial in Mincor Resources’ decision to award the underground mining contract for its Kambalda nickel project to Emeco unit Pit N Portal.

Study green light for restart of Wesdome’s 86,000oz pa, 102% after tax IRR, Kiena underground gold project. By MBM’s North American correspondent

Australian-based Lepidico outlines a compelling case for its deliberately modest-scale development of a vertically integrated mining and processing facilities to deliver high-value critical and strategic metals.

New Century Resources eyes the potential to transform Vale’s faltering Goro nickel project in New Caledonia into a long-term world-scale producer after being granted 60-day exclusivity to negotiate the acquisition of a 95% stake.

Western Areas sees its new strategic shareholding and partnership with Panoramic Resources as it works towards the reopening of the Savannah nickel project increasing its exposure to the emerging new energy vehicles global market. John Feary reports

McEwen Mining’s Q1 20 loss has blown out to $99.2M, hit by an $84M impairment and 3 COVID-19 mine shutdowns

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