Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

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

WPG Resources and contractor-lender Byrnecut agree to dig deep for a more sustainable future after slashing current production forecasts at its Challenger gold project in South Australia.

A mishap at its Runruno gold mine in the Philippines has led UK-based Metals Exploration to open negotiations with major banks BNP Paribas and HSBC on a deferral of a $6.5M capital payment due this month.

An over 3-year dispute between the Chile and miner SQM is delaying the govt’s right to reap up to $7.5B in lithium royalties by 2030

It may be a comparatively small 35,000ozpa mine, but White Rock Minerals says the 'gold-first' strategy outlined in its Mt Carrington project PFS is the start of a multi-stage development of increasing scale and economics.

A $378M financing package has cleared the way for a 2019 production start for Nevada Copper’s 5Blb copper reserves Pumpkin Hollow project in the US

Coeur Mining has done a deal to sell its big, but depleted, San Bartolomé Silver Mine in a string of agreements worth up to $46M

The $70M acquisition of the Curragh mine from Wesfarmers Resources may be just the first
move by US-based met coal giant Coronado.

West Australian Pilbara region miners Atlas Iron and Pilbara Minerals point the way to more potential infrastructure-sharing deals with an innovative agreement to export DSO lithium using iron ore processing and logistics.

JV partners Gold Road and Gold Fields have awarded Downer a 5-year mining services contract at their Gruyere gold project in Western Australia. John Feary reports

Base Resources has reached agreement on a transformational deal to acquire up to 100% of the Toliara Sands project in Madagascar, adding a second major production asset to its Kwale project in Kenya.

A new 2-phased approach to developing Black Iron’s high-grade Ukraine iron ore project has cut up-front construction costs giving it a 36.1% IRR and $1.6B NPV10%

A new study sees Alamos’ low production cost, $486M capex Lynn Lake project producing an initial 1.5Moz gold over 10-years, but with start-up still over 4-years away. By MBM’s North American correspondent.

Moly Mines has dropped its $53M bid for Queensland Mining’s White Ranger copper-gold project for a $51M cash bid for the company. By Mark Mentiplay

South African gold major Sibanye sees route to become a world leader in platinum production through its agreed takeover of embattled Lonmin.

Nzuri will get $10M and the support of world-leading cobalt producer Huayou Cobalt for the development of its Kalongwe copper-cobalt project in DR Congo.

Bacanora heads for March quarter approval after feasibility study supports its plans for a low-cost lithium mining project at Sonora in northern Mexico.

Glencore’s DRC copper-cobalt operations underpin the company’s belief in battery minerals and its contribution to near future profit.

Major upgrades at Orvana’s 2 operations have come at a cost with a 37% jump in gold production also offset by lower copper-silver production to double FY17 loss

Iluka has given the go-ahead for development of the Cataby mineral sands project in Western Australia after securing take-or-pay contracts for 75% of its synthetic rutile production John Feary reports

Optimised study points to higher returns and longer life from Sayona's Authier lithium mine in Quebec, Canada.

West Australian miner Doray credits optimisation works for reaching steady-state production ahead of schedule at its Deflector mine. John Feary reports

The PEA on Brio Gold’s 511,000oz Santa Luz C1 Underground operation doubles the total value of the recommissioned project, with open pit production expected to start again in mid-2018.

AngloGold and local partner Independence see 4Moz more gold production after giving the green light to increase annual output and extend the life of the Tropicana mine in Western Australia.


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