Mining Bulletin

The full story: In-depth news and analysis

You are here

Mining Bulletins

The full story: In-depth news and analysis

Prophecy Devel is looking to spin-off a yet to be established vanadium streamer to fund its $116.8M initial capex Gibellini Vanadium Project which has PEA potential for 9.65Mlbs V2O5 over a 13.5-years LoM

Orezone Gold is expected to pour 1st gold from its $217M+ Burkina Faso project by Q4 2020, then 1.02Moz over a 13-year LoM

PEA backs $96M expansion to lift Bolivar output 67%, giving the project a $214M NPV8%, net cash flow of $330M and a 550% RoI

A near 30% reserves jump takes Atalaya Mining’s Proyecto Riotinto copper-silver project capex out to $179M and cash flow to $1.2B over 14-years.

Independence Gold says its Nova nickel-copper mine in Western Australia is now 'fully ramped-up' despite technical issues that cost it around 10% of production in the June quarter. John Feary reports

Better times ahead as diamond production from a 2nd pipe kicks off after 5-weeks downtime cuts Q2 18 sales in half.

With the major indicators from St Barbara’s 2 gold operations up, the bottom line is looking good on production breaking 400,000oz for the 1st time. By Mark Mentiplay

AngloGold Ashanti sees its 21-year-old Sunrise Dam becoming a cornerstone asset with completion of a recovery enhancement project and the transition to a large high-grade ore source sustaining increased production and lower costs.

Recent upgrade initiatives have seen record production/sales from Vast Resources’ gold operations in Zimbabwe and Romania

Updated prefeasibility study outlines large-scale, low-cost development potential for Birimian's Goulamina lithium project in southern Mali.

West Australian mineral sands operation is now hitting its targets after 'challenging' commissioning process for capacity expansions.

Updated DFS points to increased production over a longer mine life at significantly lower operating costs for Resolute Mining's flagship Syama underground development in Mali.

Allegiance Coal is targeting 17Mt of saleable metallurgical coal from its 22-year LoM Tenas coal project in Canada, generating revenue of $100M pa for an EBITDA margin of $58.2m pa. By Mark Mentiplay

Independence Group builds its Fraser Range landholdings around the Nova nickel-copper mine to 15,800sqkm under a new JV deal with renowned West Australian prospector-entrepreneur Mark Creasy.

A series of mine deaths, a seismic event and power disruptions have cut Sibanye-Stillwater’s FY/CY18 South African gold expectations 6%

The Australian Takeovers Panel has knocked back an FMG to stop Hancock Prospecting’s $390M bid for iron ore junior Atlas Iron. By Mark Mentiplay

Despite missing FY18 lithium production expectations, Orocobre has come up with record output from its Olaroz proj in Argentina

Atlas Iron board backs $390M Hancock Prospecting bid for the junior WA iron producer and warns shareholders to take no action until they see independent bid report

New Zealand-based Bathurst Resources sees the opportunity to complement its offering to Asian customers through a $121M earn-in agreement over the significant Crown Mountain development project in Canada.

Sierra Metals’ $238M expansion of its Yauricocha polymetallic mine in Peru gets PEA NPV8 of $393M, 486% IRR and LoM net after-tax cash flow of $532M

Australian-based Birimian has lifted overall indicated and inferred resources at its Goulamina lithium project in Mali to over 100Mt contained Li2O after drilling identified a potential second development zone.

A challenge by West Australian miner Silver Lake Resources to accepted geological interpretations has delivered a significant gold resource at the historic Karonie gold mine near Kalgoorlie. John Feary reports

Fortescue Metals has lodged action with the Takeovers Panel to block fellow iron ore major Hancock Prospecting’s $390M bid for junior Atlas Iron alleging misleading statements. By Mark Mentiplay

Greenbushes lithium mine partner Global Advanced Metals has lodged court action to determine whether a planned expansion will hurt its mine direct tantalum production

Explorers Spitfire Materials and Excelsior are putting their advanced operations together to create a new, initial 100,000oz pa Western Australia gold hub near Kalgoorlie. By Mark Mentiplay

PFS outlines low cost $53.5M start-up for 225,000tpa Australian spodumene conc project giving Core Expln’s 1st phase Finniss lithium operation an initial NPV10% $140M/142% IRR. By Mark Mentiplay

Millennium Minerals on track to open a new high-grade mining centre at Twenty Mile Sandy as Nullagine project heads for its 100,000ozpa target.

Ghana government ratification of new regulatory and fiscal agreements are helping clear the way for the redevelopment of the Obuasi gold project as a modern, mechanised mine.

Contractor MACA is owed $61M after Beadell Resources terminated its mining contract for the declining production Tucano Gold Mine in Brazil 17-months ahead of expiry. By Mark Mentiplay

Updated feasibility study outlines initial gold production of over 200,000ozpa for the first five years of West African Resources' Sanbrado mine in Burkina Faso.

Pages

Mining Billboard

Insights and analysis from leading industry commentators