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Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Shanta Gold has reaped a FY17 profit turnaround from its move underground in Tanzania, despite lower production and higher costs

2 new studies have given substantial financial and production boosts to Nzuri Copper’s 8Mt, initial capex $53M+ copper-cobalt project in DRC

Portia gold mine's production plunge pushes South Australian miner Havilah Resources to a first half loss and a pressing need for more cash.

Only 1 of Trevali Mining’s 4 global operations has improved on the previous qtr, with all commodity production down in Q1 18

The late 2017 $402M acquisition of the Sasa zinc-lead mine is already paying off for Central Asia Metals, adding to record copper production from an existing operation.

A couple of deals with silver major Pan American Silver have saved Patagonia Gold from a FY17 loss and provided a potential new flagship producer

One of Australia's most famous historic gold mines, the Morning Star mine in the Eastern Victorian Goldfields, is set to begin production again after AuStar Gold completed the recommissioning of its process plant.

With completion of its Alio Gold merger expected next month, Rye Patch Gold has seen resolved plant problems restrict Q1 18 gold-silver production

Alio Gold has lifted Q1 18 gold-silver prodn and is looking to increase FY18 production past 100,000oz expectations on completion of the Rye Patch takeover in May

Kin Mining has curtailed work on its 100%-owned Leonora gold project two months into its construction over concerns the development is heading for a significant cost blowout. John Feary reports

Magmatic Resources has extended its diversification strategy by acquiring two gold exploration tenements in Western Australia 15km from the 5.88Moz Gruyere gold project being constructed by its 20% shareholder Gold Fields in JV with Gold Road.

Leading West Australian nickel producer Western Areas has announced the start of a $A32M early works program this month to advance the Odysseus deposit at its 100%-owned Cosmos Nickel Complex to development-ready status. John Feary reports

China miner Griffin Mining has racked up a stack of mining, processing and production records for a 633% profit jump

Shareholders in battling Australian junior Atlas Iron are being offered greater exposure to a diversified commodities and service business through the agreed all-shares takeover offer from Mineral Resources.

The recently acquired Edna May gold mine has enabled Australian miner Ramelius Resources to post record production of 58,671oz for the March quarter.

Avanco Resources brings more good news for fellow Australian OZ Minerals as it progresses an agreed $418M takeover, releasing a scoping study that outlines the strong potential of its CentroGold project in Brazil.

Technology major SoftBank Group has entered Nemaska Lithium’s big Canadian lithium play with a $99M investment, the 1st part of Nemaska’s quest for up to $825M for the project. By MBM’s North American correspondent

Saracen Mineral Holdings will emerge with a 6% shareholding in explorer Nexus Minerals after completing the sale of its Wallbrook gold project and a subscription for a total 5.3M shares.

West Australian miner has achieved a production turnaround at its Mount Monger operation near Kalgoorlie, posting record March quarter sales of 45,200oz after disappointing results in the previous two periods. John Feary reports

Jubilee Metals aims to accelerate development of a zinc-lead-vanadium tailings operation over Zambia's historic Kabwe mine after winning its bid to renew the project's mining licence.

Orocobre weighs measures to protect its Olaroz lithium brine project in Argentina from the impact of unfavourable weather after clouds and rain cut its March quarter and full year production.

West Australian companies Alliance Mineral Assets and Tawana Resources lay out plans to transform their 50-50 joint venture over the Bald Hill lithium project into a mid-tier producer focused on the growing world market for lithium concentrate. John Feary reports

A preliminary feasibility study confirms the technical and economic viability of Australian-based European Lithium's Wolfsberg project in Austria, with more to come from the definitive study due later this year.

$60M of impairments has pushed RNC Minerals’ FY17 loss out to $91M, partly down to an $11.4M operating loss for the soon to be disposed of Beta Hunt mine in Australia

With wet commissioning of the refurbished process plant completed, Bass Metals is moving immediately to planning the Stage 2 and 3 expansions of its Graphmada large flake graphite mine in Madagascar.

Two minor leaks in a slurry pipeline within 17 days have resulted in the closure of Anglo American's Minas-Rio iron ore mine for a full safety investigation that could take 90 days to complete.

Kibo Mining has completed the £9.4M acquisition of an 85% interest in Shumba Energy's Mabesekwa coal independent power project in Botswana.

The restart of Glencore’s majority-owned Katanga Mining’s DRC copper-cobalt operations has seen the company’s FY17 loss blow out $154M to $573.5M

Westgold hits its April 1 target for commercial production after completing the refurbishment and pouring first gold at its recently acquired Tuckabianna plant in Western Australia.

Dacian Gold is targeting steady-state production of 200,000ozpa after completing the accelerated development of Australia's biggest new gold mine to come on stream in six years.


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