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The full story: In-depth news and analysis

With another $15M virtually in the bank, MOD Resources has rejected Sandfire Resources’ initial, unsolicited takeover bid valuing MOD at $113M. By Mark Mentiplay

Fire, failed boilers and a runaway train cost BHP $600M in the December 2018 half, and it’s also facing a potential $300M bill for claimed underpayments of past royalties on its WA iron ore production.

New Burkina Faso and Namibia acquisitions boost FY18 zinc output, but with lead-silver down

Mandalay Resources is eyeing up to 162,000oz AuEq in 2021 after issues at both its gold mines slashed FY18 prodn to 81,570oz AuEq from 131,190oz

The recent Klondex acquisition has helped Hecla to record FY18 gold production, countering strike-riven San Sebastian, albeit with silver down 17%

Record FY18 gold prodn of 505,000oz, has Alamos Gold on track for 600,000oz+ pa in 2021, with lower costs flagging strong free cash flow starting mid-2020

Newmont has launched a $10B share takeover bid for fellow gold major Goldcorp to create the world’s biggest producer with annual output up to $7Moz

PFS outlines $1.5B Filo Mining S American proj with good potential to add to initial 14-year expectations of 1.75Blbs copper, plus gold and silver

‘Action plan’ measures minimise gold production losses as Sibanye Gold seeks a peaceful resolution to violent South African strike.

With acquired mine production, another ramping and a 3rd starting in H1 2020, Equinox is already eyeing up to 265,000oz in FY19

The transition from open pit to underground mining at the big Grasberg Copper Mine is expected to cut copper conc exports by 1Mt to 200,000t this year, govt official

Record Topia production lifts Gt Panther Silver’s realigned Mexican FY18 output 15% to 4.17Moz

A mine disposal, mine closure and launching new development strategies has failed to stop a new look New Gold lifting FY18 gold production to 455,448oz

New gold production records as Aussie project leads Kirkland Lake Gold to a record FY18 723,477oz with a 2021 1Moz+ on track

Las Lagunas project brought to a stop after tank rupture forestalls upgrade and preventive maintenance program at Dominican Republic tailings retreatment operation.

Highlands Pacific directors say a direct cash takeover of the company by Cobalt 27 offers the most to shareholders after the failure of a proposed streaming deal over its minority share of production from the Ramu nickel and cobalt project in PNG.

The cumulative impact of slow ramp-up of production and disrupted rail freight operations have forced Australian coal producer Bounty Mining to lower production forecasts for its Cook Colliery project.

Merger participant Doray has done a new $15M deal to sell its advanced Andy Well and Gnaweeda gold projects to Westgold

Disclosure failures and other breaches of Canada’s securities regulations will cost Glencore-owned Katanga Mining $22M+, its CEO his job an 6 other execs/directors further fines

The DFS-stage Mt Holland lithium mine-to-refinery project in Western Australia has received a fillip with a new study adding further positive weight to 2 other recent studies. By Mark Mentiplay

World No 4 iron ore producer Fortescue bids to meet the Chinese drive for quality with the first export shipment of its new, higher-value West Pilbara Fines product. John Feary reports

WA miner Coolgardie Minerals takes urgent measures to placate creditors after lower-than-forecast ore grades halt initial cash-flow from its Geko gold mine.

The BFS on Jangada Mines’ Brazilian PGM-gold proj has received a fillip from a new 8Mt Ni-Cu discovery under the existing PGM resource

Take-over target Explaurum’s shareholders have some good looking new FS numbers on the company’s Tampia Gold Project in WA to consider. By Mark Mentiplay

NGEx Res has flagged its intention to spin off the company’s big Josemaria Copper-Gold Project into a separate public company

The DFS on Australia’s potentially 1st scandium project envisages a 30-year, $146M operation producing up to 40tpa and ascribing it a pre-tax $234M NPV8

Australian miner Resolute credits government promise to overcome red tape delays for helping it identify more growth opportunities at Ravenswood gold project.

Intermin Res merger/share bid for fellow Western Australia gold explorer MacPhersons Res to create Horizon Resources as new stand-alone producer. By Mark Mentiplay

Teck Resources is selling 30% of its big Chilean copper project for $1.2B and flagged production start-up in H2 2021. By MBM’s N American correspondent

Global industrialist Sanjeev Gupta’s growing involvement with Australian minerals may have led to the discovery of a major new iron ore project close to Broken Hill in South Australia.


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