Mining Bulletins
The full story: In-depth news and analysis
New drilling provides more Waterberg platinum confidence with resources up and new 6.26Moz 4E measured component
Hampered gold production from its new Alaska mine addition has offset Western Australian production falls to lift Northern Star Q1 19 output to 207,600oz and heading for FY19 900,000oz. By Mark Mentiplay
A senior Acacia Mining manager has been arrested by the Tanzanian corruption bureau, the latest to be jailed in the clash between the gold miner and the govt
PFS says construction of Global Geoscience’s $600M, $6.6B LoM cashflow US lithium-boron project could begin in late 2019, with production 2-years later. By Mark Mentiplay
New studies see joint Australian-Chilean lithium project generating $33.5B revenue over an initial 47-year LoM.
Positive scoping study fires New Energy for 1st prodn from its Mozambique vanadium-graphite project by the 2nd half of next year
1st nickel-in-conc production from Western Area’s Odysseus project in WA expected end Dec 2022 after upgraded DFS
The award of the major plant construction contract for its Fungoni project in Tanzania keeps Strandline Resources on strategy to become a low-cost supplier in time to take advantage of booming demand for mineral sands.
Increasing safety, security and production issues in Tanzania have cut Acacia’s YTD18 gold production by 228,000oz and nearly halved net profit to $43M. By MBM’s UK correspondent
Imperial Metals has cut FY/CY18 copper expectations, but sees gold up a little as it comes back from a prolonged strike and ball mill outage.
CIMIC Group mining services company Thiess has been awarded a five-year extension and expansion of its existing major contract worth $A1.2B at BHP’s Mt Arthur thermal coal mine in the Hunter Valley of NSW.
Six years after its mining assets were expropriated by the Venezuelan government, Rusoro Mining has $US1.3B and agreement that could see it restarting two mines in partnership with the government.
Increased Q3 18 gold-copper production underpins top end FY 18 gold target of 5Moz and copper up to 410Mlbs
A 2nd crusher line has helped Anglo Asian lift Q3 18 production from all its gold-copper-silver commodities and now targeting a FY18 84,000oz AuEq
A 48% YTD18 gold equiv production jump has McEwen nicely on track for 171,000oz AuEq in FY/CY18, with the new Gold Bar project set for more from Q1 19
New mineralisation discovery prompts TerraCom to plan a doubling of capacity at its Mongolian coal mine.
Superior Lake Resources will move immediately to a DFS after a restart study supported the potential for a low-cost, high-value development of the historic Pick Lake and Winston Lake projects in Ontario.
Record Q3 18 Aussie gold production steers Kirkland Gold to FY/CY18 635,000oz+
Nusantara Res is on the hunt for a joint development partner after DFS envisages profitable $191M open pit, leach, 100,000oz pa gold operation in Indonesia
A 2nd PEA has added silver equiv production, cash flow and profitability to Golden Minerals’ low cost Santa Maria project in Mexico
The last few days have seen a number of expansion, upgrade, production announcements that set a glittering near future for Copper Mountain Mining. By MBM’s North American correspondent
Mutually-agreed Americas Silver take-over/merger of aspiring gold miner Pershing Gold to create new Americas precious metals/polymetallic company
A single, major Capricorn Metals shareholder has thwarted Regis Resources’ takeover bid for the gold developer. By Mark Mentiplay
A good operational Q4 that’s carried into 2019, has Firestone Diamonds nicely set for the near future
New study sees a new neighbouring $193M mine, utilising the producing Copper Mountain infrastructure, producing an initial 768Mlbs copper and 550,000oz gold
Lower gold production, partly due to a failure to bring underground mines to full capacity, has seen big Russian gold miner Petropavlovsk turn in an H1 18 $24.8M loss
$40M funding to expand WA lithium project and facilitate the merger of JV partners Tawana and Alliance
New work lifts Teranga’s Burkina Faso gold reserves, with more expected, and extends LoM out to 13-years for more 1st- up prodn.
Higher grades, gold-silver prodn and consequent revenue lift Trans-Siberian’s bottom line to $2.55M.
Sayona Mining is looking to have its initial 18-year, 1.58Mt spodumene conc sales Authier Lithium Project in production in 2020 following a positive DFS
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