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The full story: In-depth news and analysis

Miner Troy Resources is taking advantage of an ill-considered Guyana government shutdown order to demand progress on overdue mining permits and import restrictions before it resumes operations at its suspended Karouni mine.

A scoping study that exceeded expectations has prompted Allegiance Coal to being forward plans to complete the acquisition and restore production at the long-mothballed New Elk metallurgical coal mine in SE Colorado, USA.

World No 2 iron ore producer Rio Tinto aims to sustain output of its flagship Pilbara Blend product through a $749M investment program to facilitate the mining of existing and new deposits at its Western Turner Syncline Phase 2 mine.

Evolution Mining has launched a $625 plan to buy Newmont Goldcorp’s Red Lake gold operation in Canada and make it a cornerstone asset. By Mark Mentiplay

Scoping study identifies a robust stand-alone development option for Canyon Resources’ Minim Martap bauxite project in Cameroon, as the initial step towards a prefeasibility study due next year on a two-stage larger project.

US-focused explorer Eagle Mountain Mining is ready to go ahead with a potentially transformational acquisition after gaining court approval for its $6.4M acquisition of the long-idled Oracle Ridge copper mine in Arizona.

West Australian company Mineral Resources, having built its reputation as a developer of stranded or undervalued assets, is targeting a long-term 11Mtpa iron ore operation under a new strategy for its Yilgarn operations in the state’s south.

Scoping study shows Adriatic Metals will need another $180M to get its $178M Vareš polymetallic project into production by targeted mid-2022

Lithium producer Galaxy Resources is slowing production at its operating Mt Cattlin mine and reformatting the development plans for its Sal de Vida brine operation in Argentina as another victim of lithium’s slow customer uptake and falling prices. John Feary reports

Rio Tinto’s copper giant Kennecott signs $30M earn-in deal to follow up the Alderan Resources vision of a major copper opportunity by combining old-time copper mines in the Frisco Mineral System of Utah, USA.

Australian miner Independence Group is demanding immediate access for due diligence work after its takeover target Panoramic Resources disclosed the woeful performance of its Savannah nickel mine and its deteriorating financial position. John Feary reports

Sierra Metals eyes more capital expenditure cuts for the rest of FY/CY19 after falling from profit to a YTD19 $103,000 loss

Lower production, higher costs and a to be appealed $242M impairment, push Hudbay from profit to $343M YTD19 loss

First concentrate production has been delayed by vendor supply errors, but OZ Minerals says its evaluation of possible changes to the underground mining techniques have enabled significant increases in resources and reserves at its Carrapateena copper-gold project.

New study lifts Sayona Mining’s Canadian lithium project production taking NPV8% up to $216M from $184.8M and pre-tax IRR up to 33.9% from 33.7%

DFS outlines low-cost development strategy to offset falling graphite prices, maintaining strong forecast profit margins for Renascor Resources’ Siviour project on South Australia’s Eyre Peninsula.

Gold Fields now eyeing the top end of FY/CY19’s 2.13Moz-2.18Moz guidance, despite Q3 19 gold production fall

Major Australian copper producer Aeris Resources has been left with just three months of water supply for its Tritton mine in central NSW due to new drought management clampdowns.

A big Q3 19 production jump from Kirkland Lake’s Fosterville gold operation in Australia has topped a record YTD19 with profit up 134% to $390M

Higher prodn, lower costs steer Kinross to $197M YTD19 profit and heading for FY/CY19 2.5Moz AuEq

Prodn falls at all of its mines have pushed IAMGOLD from profit to a $58.7M YTD19 loss

The recently merged Barrick Gold has posted a massively increased $2.27B Q3 19 profit, despite gold output falling to 1.3Moz

Despite a fall in YTD19 gold production, RNC has managed a small loss cut to $19.8M

Higher Rainy River production and lower costs have been the drivers for New Gold to cut its YTD19 loss by $269M to $74M

Australian-based international miner South32 says its conditional agreement to sell its South African Energy Coal business to black majority-owned Seriti will substantially strengthen its balance sheet and improve operating margins.

An expected big Newmont Goldcorp profit jump on equally large merger-induced YTD19 gold production has failed to avoid a cut in FY/CY19 expectations to 6.3Moz from 6.5Moz

Leagold is expecting better things in Q4 19, mainly from its Los Filos Gold Mine in Mexico, after cutting its Q3 19 loss by $67M on lower production, higher costs

Prominent Australian resource investor Quentin Flannery backs placement to advance Diatreme Resources’ high-quality silica sands project on the Cape York Peninsula through permitting and approval processes.

Independence Group, Australia’s largest independent producer of nickel, seeks to apply its development and operational experience to unlock value at Panoramic Resources’ struggling Savannah mine. John Feary reports.

Chinese gold major Zijin continues its spending/acquisition spree with an up to $380M buyout of Freeport’s Serbian gold-copper assets


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