Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Lundin Mining’s new 3-year production projections see 2018 copper, nickel and zinc production all down on 2017 expectations, but better longer term

PEA gives Filo Mining’s $960M South American project a $705M NPV and 23% IRR on a 13-year LoM $1.76B cash flow

Triton Minerals can see a potential mine life of over 30 years at its Ancuabe graphite project in Mozambique on the back of a major increase in its mineral resources.

RNC Mins strategy to cash in on what it sees as a rising, technology-fuelled nickel market with increased Western Australian production and new output from Dumont in Canada. BY MBM’s North American correspondent

DFS cuts initial capex/operating costs for its Western Australia rare earths project and flags late 2019 prodn start

Feasibility study backs a return to the world Top 10 for the mothballed Century zinc mine under new owners NCZ

South32 approves R4.3B life extension project at its Klipspruit mine as it decides to set up its South Africa Energy Coal operations as a stand-alone business.

Iron ore major Vale says the proposed big hike in Brazilian iron ore royalties threatens its high cost mines and hurt its ability to compete globally

Lower ore production-processing has cut Rambler Metals and Mining’s Q3 17 copper-gold prodn, increased costs and doubled its losses.

Recently formed Sibanye-Stillwater has done a R1.3B assets swap deal for an up to 50.1% stake in fellow South African gold miner DRDGOLD

New study flags peak 75Mlbs pa zinc production from its $330M Scott Zinc-Copper Project in Canada

New study backs spodumene-petalite concentrate sales option for Premier African Minerals’ Zulu Lithium-Tantalum Project in Zimbabwe

Copper Mountain Mining expects to double annual production to 160Mlb by 2020 through its agreed $93M takeover of Australian developer Altona Mining.

Mustang Resources will re-grade its entire ruby inventory and revisit its operational and marketing strategiies at the Montepuez project in Mozambique after the failure of its initial gem sale last month to deliver the hoped-for cash flow.

An 10% increase in mineable reserves to 652,000oz will enable Gascoyne Resources to boost early cash-flow from its Dalgaranga gold project once it reaches construction in the first half of 2018. John Feary reports

With the current backing of its partner, Atlatsa Resources in hunkering down in the wake of an impairment-fuelled YTD 17 loss blow out to $292.6M on lower PGM production

Primero Mining’s YTD 17 loss has blown out to $294M on substantially reduced AuEq production underpinning its recent FY/CY 17 guidance cuts and sale of 1 of its 2 producing mines. By MBM’s North American correspondent

Serabi Gold is close to achieving its long-held aim securing more gold reserves to complement its Palito underground gold mine in Brazil with a $22M deal to acquire Anfield Gold Corporation's Coringa mine.

Not wasting any time after coming up with maiden 11Moz reserves/resources, Polymetal Int’l is expecting its $249M capex Nezhda Gold Mine to produce 150,000oz pa starting in 2022

FY/CY 2017 is shaping up as a good one for Caledonia Mining with YTD 17 profit/production up and increased resources sending it deeper into the Blanket mine in Zimbabwe

An updated 1.32Moz gold resource underpins Capricorn Metals’ targeted construction start for its Karlawinda Gold Project in WA’s Pilbara region. By Mark Mentiplay

Beleaguered Central Rand Gold is forced to seek new funding options after the cancellation of its AIM listing ends a £750,000 placement that was to provide vital working capital.

Steady gold equivalent gold production, but generally lower costs have helped global miner Kinross Gold jump its YTD 2017 net earnings to $227.8.

With one of its 3 producing mines still out of action, Mandalay Resources has plunged from profit to a near $20M loss in Sept YTD

B2Gold has emerged from lower YTD 17 profit, gold prodn/sales and higher costs, heading for FY 18 production up to a top end 975,000oz. By MBM’s North American correspondent

Fortescue Metals names the Eliwana deposit as the next development option for its Pilbara iron ore project in Western Australia.

With new studies upgrading resources/operations, the Juanicipio precious/base metals project is now looking at a production start in H1 20

Kyrgyz gold miner Centerra Gold and Canadian developer AuRico Metals are getting together via a mutually agreed $310M cash take-over bid by Centerra

Big falls in base/precious metals production has cut Hecla Mining’s Sept 9-months profit to $74M from 2016’s $173M.

A much better copper price has helped offset Copper Mountain Mining copper/precious metals credits falls for a $43.3M profit


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