Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Fortescue sets new level for seaborne iron ore costs at $12.08/t, with more improvement to come, and predicts easing discount pressure from Chinese steelmakers on non-premium grades.

Endeavour Silver is looking put its disappoint 2017 behind it with better performances by each of its three existing Mexican underground mines, complemented by the start of production at its fourth, in FY2018.

With FY17 copper production down, but gold-moly up, Freeport-McMoRan has made a big loss to profit jump, with copper-gold expected to rise substantially in FY18

A strong FY 17 has seen Kazakhstan precious/base metals producer KAZ Minerals lift copper-gold production, eclipsing goals

A range of improvements lifting gold production and cutting costs have lifted the potential for a near time Vista Gold green light for its big Mt Todd Gold project in N Australia

Avanco is carrying out extensive remedial work to re-open access to the centre of its Antas open pit that constrained Q4 17 production and its 1st year of commercial prodn, By Mark Mentiplay

Big Chilean miner Antofagasta is looking to a better 2018 after a 21.6% gold production fall and copper down 0.7%, offset by a 48% moly jump

Brio Gold directors have urged shareholders to wait on a full evaluation and recommendation on the $264M share bid from Leagold

Big resource increase backs Aeon Metals’ view that its Walford Creek project contains one of the biggest sulphide cobalt deposits in Australia

New Hounde mine pushes Endeavour FY17 gold prodn up 14%, ASIC down and paves the way for increased top-end 720,000oz in FY18

Platinum miner Lonmin’s FY17 after tax loss triples to $1.15B as its mutually agreed £285M acquisition by big gold miner Sibanye-Stillwater nears final OK

Australian-based Tiger Resources accepts $260M from Chinese investors to walk away from its Kipoi copper mine in DR Congo just as the project starts to show signs of emerging from its operational turmoil.

A deal to sell a majority interest in return for access to Chinese funding sources could be the final hope for Sundance Resources to keep its ambitious Mbalam-Nabeba iron ore project in central Africa alive.

New strategy sees spotlight on Australia to lift Kirkland Lake gold production up to 1Moz in 5-7 years from a record FY/CY17 596,405oz.

Hudbay will be looking to an expected 31% jump in 2018 gold equivalent production to offset continuing falls in copper, with FY17 aided only by a boost in zinc

BHP lowers metallurgical coal guidance over geotechnical issues at two Queensland mines offsetting a strong first half across its commodity range

Australian miner Blackham Resources has accessed high-grade ore zones, delivered record gold production and achieved a step-change in project economics - and at the same time ended a looming debt crisis. John Feary reports

First Majestic is set to build its portfolio of Mexican silver producers to seven mines and 27-30Moz attributable silver-equivalent production through $320M transactions to acquire Primero Mining and implement a revised streaming agreement with Wheaton Precious Metals.

Quebec’s 1st diamond mine has produced a 1st full year 1.64Mcts, slightly under Stornoway’s Diamond Corp’s planned 1.96Mcts

The emergence of its Fosterville mine in Australia as one of the world's highest grade gold producers leads Kirkland Lake Gold to record FY2017 production.

Troy Resources is confident of getting back to budget within months at its Karouni gold mine in Guyana after it restored access to high-grade ore and turned around the dismal performances of the past year.

Record FY17 gold production of just under 430,000oz and the 1st contribution from a new Canadian mine has Alamos Gold nicely set for up to 520,000 in 2018

FY 17 production and shipments for all major titanium minerals/zircon producer Kenmare Resources’ products have hit record levels, but may moderate in 2018

Teranga Gold has racked up another annual gold production with a new mine expected to lift that to a near future top-end 350,000oz.

Chinese state-owned giant Sinosteel has signed an MoU with Australian junior BCI Minerals to support the funding, engineering and marketing of its proposed 20Mtpa Buckland iron ore project in the WA Pilbara region. John Feary reports

Nemaska Lithium expects to have funding for its initial $875M Canadian lithium project completed in the current qtr as new FS dramatically increases LoM, prodn and revenue

Millennium reserve figure boosts hopes for its first underground mine at Nullagine after 2017 production shortfall. By John Feary

SolGold’s Cascabel project in Ecuador has yielded a 1st up 7.4Mt CuEq resource, with the high grade 2Mt CuEq core

Premier is planning to spin out its lithium project and walk away from its tungsten mine J/V, both in Zimbabwe.

Blackham Resources is planning a lower $36M raising following a standstill deal on a $16M loan repayment in the wake of the collapse of a $72M Nov 2017 funding package. By Mark Mentiplay


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