Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Newcrest Mining adopts a new openpit/underground development scenario for Fiji’s giant Namosi Waisoi copper and gold project after concluding its previous openpit proposals would not generate acceptable returns.

Having completed its $5.4B merger with Randgold last month, Barrick Gold has ushered in a new era with substantially lower gold-copper production and a $1.54B loss. By MBM’s North American correspondent

Teck Resources has overcome some Q4 18 losses in its energy/zinc-lead operations to produce a record $3.1B profit for FY18

Non-cash items and lower gold production have combined to cut Aussie miner Evolution Mining’s H1 19 profit 31.5% to $91.1M

Harmony Gold’s investment strategy pays off with the inclusion of Moab Khotsong in South Africa and Hidden Valley in PNG boosting its production and cash flow in the first half of 2019.

New mine design/updated DFS boosts EganStreet’s Rothsay production, revenues and cash flow expectations

An Oct, 2018, internal report shows global iron ore leader Vale knew the dam in Brazil that collapsed killing around 165 people was at risk of rupturing

Big Russian gold-silver miner Polymetal OKs immediate construction start for its POX-2 Gold Project, targeting 1st production Q3 2023 for 9.3Moz over 23-years.

Arafura Resources DFS outlines a robust case for its Nolans rare earths project in Australia’s NT to be the next potential scale producer of NdPr oxide to the clean energy market as China’s supply dominance fades.

Hot Chili has identified the potential to develop a top-30 global copper mine at low altitude in Chile’s coastal range by combining its large-scale Productora project with the nearby Cortadera copper-gold discovery.

It’s been a good year for global miner/commodity trader Glencore with only oil letting it down

Teck Resources has warned of a big reversal of fortunes in Q4 18, fuelled by a $92M loss for its energy business and another $23M loss for its Trail zinc-lead operation

Kyzl kicks in with 1st major production to lift Polymetal Int’l to a record 1.56Moz AuEq in FY18

SolGold may have triggered a bidding war for Cornerstone Capital Resources’ and its stake in the big Cascabel Cu-Au project from major SolGold shareholders BHP and Newcrest. By Mark Mentiplay

The start of mining at Kingsrose Mining’s 2nd Way Linggo pit in Sumatra set to pave the company’s road ahead with Q2 19 project output up to 3,556oz

Company executives and engineers are facing criminal charges as Vale announces plans to suspend 11 Brazilian operations while it decommissions more vulnerable tailings storage dams.

A consortium of high-powered French engineers have outlined a positive case in their definitive feasibility study for the Kola potash project in RoC, but owner Kore Potash thinks it has missed factors that make it an even more exciting development.

A new review to finally get adequate funding for Iron Road’s South Australian iron project envisages cutting it in half – capex to $645M and production to 12Mtpa. By Mark Mentiplay

Global miner Vale's promise to improve its mining dam safety is being seen as too little, far too late after second Brazilian tragedy kills 300 or more.

Fuelled by excellent production performances from its Houndé and expanding Ity gold mines, Endeavour Mining is looking to take FY18’s 612,000oz to 695,000oz in FY19

Despite a good 2018, with production of major commodities up, Anglo American is expecting a wide-ranging fall in 2019

Despite lifting FY18 profit to $2.5B on increased production, big copper-gold miner Freeport-McMoRan is expecting a much tougher FY19

New mine leads Mexican miner Fresnillo to record FY18 silver production, but with an easing predicted for both silver and gold in FY19

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


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