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Mining Bulletins

The full story: In-depth news and analysis

Australian-based Kingsrose Mining has reached another milestone on its program to turn its flagship Way Linggo gold project into a long-term, low-cost mining operation.

Todd Corp and TNG have signed up to bring on their northern Australia vanadium-titanium-iron projects. By Mark Mentiplay

Mineral Resources has followed a 51% earn-in on the advanced McIntosh flake graphite project in WA with a 3.6% stake in current 100% project owner Hexagon Resources. Mark Mentiplay reports

Global miner Vale gives the go-ahead for the delayed $US1.7B underground expansion of the Voisey's Bay nickel mine after signing streaming deals for cobalt production that will deliver upfront payments of $690M.

International entrepreneur Robert Friedland's Ivanhoe Resources will welcome state-owned Chinese giant CITIC as largest shareholder in a $C723M investment to advance three major projects in Southern Africa.

Bellzone Mining’s delayed Guinea ferronickel project is on the table at discussions with a number of parties on the future of the company’s operations. BY MBM’s European correspondent

Teranga Gold envisages an up to 20-year LoM for its Burkina Faso mine, scheduled for 1st prodn end 2019, after lifting M&I resources 33% to 2.4Moz with more to come. By MBM’s North American correspondent

Polyus’ up to $2.5B, 1.6Moz pa Sukhoi Log Gold Project is shaping up as a cornerstone of the company’s future develop when it comes on stream in 2026

Iron ore major Fortescue Metals has stepped into the $300M Mineral Res bid for Atlas Iron, taking a 19.9% stake in the loss making junior WA iron ore miner. By Mark Mentiplay

Palmer says companies related to the collapsed Queensland nickel refinery have enough cash to re-open the debt laiden Queensland nickel refinery.

Ramelius Res nicely on track for a FY18 top-end 210,000oz with big upgrades in resources/reserves at its recently acquired Edna May operations in WA. By Mark Mentiplay

Founding Beadell Resources executives Peter Bowler and Robert Watkins are building their Australian resource portfolio ready for the IPO and listing of their new vehicle, Carnaby Resources.

Lion One Metals has signed for up to $50M in debt funding from 2 prominent Chinese companies to develop/build its 353,000oz Tuvatu Gold Project in Fiji

Alkane Resources is confident of a positive final investment decision in December this year on development of an underground mine delivering 99,000oz gold at its Tormingley project in central NSW, Australia.

Havilah Resources has kicked of its new development strategy with the $14.7M+ sale of its Portia gold projects in South Australia

Australian government denies CI Resources the opportunity to ensure a longer life for historic Christmas Island phosphate mine.

A new strategic alliance between Emmerson Resources and privately owned Territory Resources to establish a processing hub boosts expectations for a regional mining revival at Tennant Creek in Australia's Northern Territory.

A 1st up reserve and 37% jump in resources has taken Cradle Arc’s Mowana Copper Proj life out 3-years, lifting production and NPV

A since fixed development/prodn bottleneck at its Ming copper-gold mine has cut production, pushing Rambler Metals & Mining from profit to a Q1 18 $4.3M loss

South32 will step in as operator and 50% interest holder with a plant to accelerate development of the mothballed Eagle Downs metallurgical mine in the Australian Bowen Basin under a $US213M conditional agreement with China's BaoWu Steel.

Big global Japanese trader Sojitz is buying BHP/Mitsubishi’s mothballed Gregory Crinum coal mine in Australia’s Queensland for $100M. By Mark Mentiplay

A 1st up reserve estimate for Explaurum’s Tampia Gold Project has underpinned a reduced production and higher costs FS for the operation

Positive Prophecy vanadium PEA estimates US project production equivalent to 3.5% of current world output

West Australian miner Millennium sees the potential to re-establish the long-idle Golden Gate satellite deposit at its Nullagine gold project. John Feary reports

$32.5M Metalicity deal to put its prime Admiral Bay Zinc Project and other Australian zinc projects into an upcoming Canadian spin-off float for a 40% stake. By Mark Mentiplay

Fortescue Metals has given the green light to its $1.27B Eliwana iron ore-rail project, set for production by Dec 2020 to back a new premium iron ore product. By Mark Mentiplay

CopperChem, the acquisitive specialist subsidiary of Australia's second-oldest listed company WH Soul Pattinson, now has a Jaguar in its fleet with the $73.2M purchase of Independence Group's declining zinc-copper mine. John Feary reports

New shareholdings and financing pledges are moving Myanmar Metals’ Baldwin mine closer to FS. By Mark Mentiplay

Gallo PEA envisages low cost 10-12 year LoM extension producing an average 47,000oz AuEq for a 25% project IRR and $60M NPV5%

Aurelia Metals delivers 50% increase in gold production forecast at its new Peak gold mine in NSW, Australia.

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