Mining Bulletins
The full story: In-depth news and analysis
Western Australia’s big iron ore export ports remain closed today, but with the threat from the 2 cyclones which crossed Australia’s top-end at the weekend easing
Pure Alumina could be producing high purity alumina this year if its $27M acquisition of Canadian producer Polar Sapphire is successful. By Mark Mentiplay
Base Resources has already begun work on a DFS after completing a preliminary study that confirms its Toliara project in Madagascar as one of the world’s best mineral sands development opportunities.
Australia-based Aeris Resources is in late stage discussions with Glencore to buy its CSA copper mine for $812M. By Mark Mentiplay
Lower grades/copper price and higher inputs have pushed Antofagasta’s bottom line profit down $320M to $880M, despite record copper output.
A new deal to fast track the restart of Mincor Resources’ WA nickel operations envisages up to 600,000tpa nickel ore through BHP’s Kambalda concentrator. By Mark Mentiplay
Shorter rail haulages and an uncongested port emerge as key factors that could assist British Columbian project to overcome the costs advantage of Australia’s Hunter Valley mines.
A day after its tailings dam was given an official clearance, Vale has ceased operations of another of its Brazilian iron ore mines by order of a local civil court.
Mandalay is hoping its loss-making FY18 problems are behind it as the company targets increased near future production to cut its latest $63.7M loss
On the heels of 1st year of commercial production from its PNG gold mine, K92 to spend $30M doubling capacity for 120,000oz AuEq pa over initial 13-years
Hostile takeover attempt ends with joint venture agreement to unite Tier 1 mines and 48Moz of gold reserves into a single giant JV operation.
An 89% jump in gold reserves, including 461,000oz underground, has PFS backing a dual open pit satellite/underground operation at Avesoro’s Liberian project
Strong drilling results underpin new mine developments that are expected to deliver a strong uplift in head grades at Millennium Minerals’ Nullagine gold project in Western Australia.
Barrick Gold wants to talk J/V on Newmont Mining’s Nevada, US, operations, despite having its Newmont takeover rejected and plans to go directly to Newmont shareholders on a full takeover
The Newmont Mining board has unanimously rejected the Barrick Gold bid saying it’s not as good as the previously announced Newmont-Goldcorp get together
A string of new increased production/financials are already flowing from completion of FEED work on Kalium Lake’s WA potash project, head for prodn next year
Brazilian mining giant Vale promises continued transparency with authorities over investigations and remediation of the Feijao mine disaster.
Great Panther Silver is now looking to its acquisition of Aussie gold miner Beadell to restore its fortunes after a FY18 profit-to-$10M loss
Increased copper-gold production from OZ Minerals’ Prominent Hill operation continues to underpin OZ Minerals’ other advanced asset developments, but unable to offset FY18 $9M profit fall
Nzuri Copper directors urge shareholders to accept $110M cash bid from DR Congo development powerhouse Chengtun Mining Group.
Higher costs, lower commodity prices and a $22.5M Silverstream loss have trumped increased silver/gold production to cut Fresnillo’s FY19 profit 73%
After several days of confusion, Barrick Gold has launched a $17.8B bid for US rival Newmont Mining
Operational challenges during FY 18 have seen just about all of gold miner Centamin’s major indicators down, with profit down over $50M to $152.6M
Australian market interest in Latin America lies behind agreed merger of Titan Minerals with Canadian-based Core Gold.
Perseus Mining’s targeted 500,000oz pa gold prodn by 2020 underpinned by 30% H1 19 output increase, with Yaouré in the wings. By Mark Mentiplay
Barrick Gold, the world’s biggest gold miner, has considered a $19B takeover bid for Newmont Mining, which has made a $10B bid for Goldcorp
With its new Gold Bar Mine in the US hitting its straps, McEwen Mining is flagging record FY19 output of 210,000oz following FY18’s 175,640oz record
All the big FY18 profit numbers have come up for KAZ Minerals, with more of the same expected in FY19
Base metals miner Trevali Mining has taken a $312M impairments slug for a profit-to-$231M FY18 loss, with zinc output up, but silver-lead down
Despite record FY18 gold production following the mid-2018 Klondex takeover, Hecla’s silver production has fallen over 2Moz, albeit cutting its loss $2M to $27M
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