Mining Bulletins
The full story: In-depth news and analysis
FS envisages Q2 2020 prodn start for Fenix Resources’ Iron Ridge project generating revenue of $803M over 6.5-years from 1.25Mtpa iron ore. By Mark Mentiplay
The ramping Lamaque Gold Mine has led the way in cutting Eldorado Gold’s YTD19 loss to $10.6M from the previous period’s $143.7M loss
After posting an impressive loss-to-$45.4M YTD19 profit turnaround from a big gold prodn increase, TMAC has cut FY/CY19 production. By MBM’s North American correspondent.
Lower H2 19 gold production and higher costs have forced Pretium Resources to cut FY/CY19 expectations
While its Sierra Rutile zircon project continues to lag, mineral sands producer Iluka Resources is weighing the opportunity to de-merge a rapidly growing iron ore royalty agreement.
Pure Alumina’s failure to raise the capital to acquire a similar Canadian operation has forced the company has put its Australian high purity alumina proj on hold. By Mark Mentiplay
Things are looking good for Anglo Gold Ashanti with Q3 19 gold production up 3% and increased Q4 19 production expected from its Tanzania, Guinea, Australia and Brazilian operations
New study envisages H2 22 start for Cardinal Resources’ Namdini Gold Project in Ghana, producing 4.2Moz over an initial 15-year LoM
Yamana Gold Q3 19 net earnings rocket to $201M from $14.1M, on lower gold production, higher costs, with expansion flagging more
Big drops in copper and gold production push global major Freeport-McMoRan from profit to a YTD19 $172M loss
Miner Hochschild Mining has had the 2nd best 9-months production period in its history, with the Inmaculada mine racking up record output
Russia-Zimbabwe get together to established a new platinum mine in Zimbabwe in advanced talks with potential investors for a further $500M to start the project
The ramping Minas-Rio iron ore operation and a big coal performance, particularly Australian metallurgical coal, were the highlights of Anglo American’s Q3 19
With output generally down a little, a big jump in the nickel price and help from gold and cobalt, have lifted Independence Group’s Q1 20 profit 119% to $66M
While an optimisation study and some funding assistance has helped Millennium Minerals lift Q3 19 gold prodn, the costs have been heavy and recoveries down to 65% from 82%. By Mark Mentiplay
Gold production up and costs down as a record breaking Saracen Mineral Holdings Q1 20 already exceeds FY 20 expectations. By Mark Mentiplay
Primarily lower grades have seen YTD19 prodn from 3 out of 4 of Highland Gold’s Russian mines fall, but still manage an increased 217,298oz.
Aeon Mets is moving to PFS following a positive scoping study for its 446,000t CuEq initial 11-year LoM Walford Creek Cu-Co project in N Australia. By Mark Mentiplay
A sudden fall in prices blamed on Chinese currency variations and emerging fears of over-supply have triggered drastic action by Syrah Resources to reduce production and workforce levels at its world-leading high-purity graphite operation, the Balama mine in Mozambique.
A series of problems at Costerfield has seen Mandalay Resources cut FY/CY19 expectations after a YTD19 production fall
In just a few months, VRX Silica has come up with its 3rd major silica sands project in Western Australia. Mark Mentiplay reports
PFS flags 924,000t Ni/36,000t Co over 38-year LoM for Horizonte’s Vermelho proj, just 85km from its similarly advanced Araguaia ferro-nickel project
Australian-based Talga Resources gain further support for its plans to build a large, long-term European source of anode products for the lithium-ion battery industry.
Strong production and costs performance in September and continuing into October have encouraged Blackham Resources to declare a significant turnaround at its previously struggling Matilda-Wiluna gold operations in Western Australia. John Feary reports
The bankable feasibility study has emphasised the potential for Salt Lake Potash’s Lake Way project to generate very strong returns over a forecast mine life of 20 years.
Gt Panther lifts all Q3 19 precious-base metals output by 18%-20%, but with a question mark hanging over front runner Tucano’s Q4 19 prodn
Cash-strapped Australian coal producer Bounty Mining says it has listened to the preferences of its shareholders in accepting a $A90M refinancing deal from privateer QCoal Group.
Resolute Mining exceeds 100,000oz gold for the September quarter on the back of its automation success at Syama in Mali and Mako mine acquisition in Senegal, with its Ravenswood mine expansion in Australia still to come. John Feary reports
New producer Heron Resources has settled its dispute with contractor Sedgman and negotiated a $91M funding package it needs to overcome the working capital deficiency arising from the delayed completion and slow ramp-up of its Woodlawn zinc-copper project in NSW, Australia.
Stellar Resources gains strong evidence for its bid to become Australia’s second largest tin producer with positive scoping study for Heemskirk project.
Pages
