Mining Bulletins
The full story: In-depth news and analysis
International miner OceanaGold warns the timeline for a revival of its Didipio gold and copper mine in the Philippines remains uncertain despite a breakthrough in talks with government agencies on the renewal of its formal approval.
Newcrest Mining is advance on a potential 3-year path to commercial production at its 60%-owned Havieron gold-copper project in Western Australia’s highly prospective Paterson province after approving $A146M funding for early exploration works.
Global specialty chemicals company Albemarle will take a lead in the US drive for security of supply of critical minerals with its planned $50M investment to double production from its Silver Peak lithium project in Nevada.
Peel Mining expands the asset base supporting its hub & spoke strategy for the Cobar Basin in western NSW after gaining state government approval to restore 100% control of the high-grade Mallee Bull underground copper resource.
Australian-based Lepidico sees heightened interest from potential offtake and financing partners in its vertically integrated lithium mining and processing project as expectations grow of supply constraints in 2021.
A new Australian Govt report has warned of big falls in thermal/metallurgical coal revenue in the current June 2021 year, with China showing no signs of easing current unloading delays at its ports
Australian technology metals specialist Element 25 could move within months to double or treble production at its under-construction Butcherbird manganese project in WA’s Pilbara region.
Australian-based nickel pig iron producer Nickel Mines aims to double the capacity of its Indonesian assets and strengthen its relationship with leading global stainless steel maker Tsingshan through its planned $490M acquisition of the Angel development project.
Canadian junior explorer Major Precious Metals takes 100% control of one of the largest palladium resources outside South Africa and Russia with its $13M acquisition of the Skaergaard project in Greenland from Platina Resources.
Kingston Resources plans to move on to a definitive feasibility study in the June 2021 quarter at its Misima gold project in PNG after its PFS confirmed its potential of a large-scale, long-life and low-cost operation delivering 130,000ozpa over 17 years at AISC of $A1,159/oz.
Lower production of all its commodities has seen PNG-focused K92 Mining’s Q3 20 profit plunge to $9.4M from $17M
Acquisitive Endeavour Mining has followed up its recent $691M takeover of SEMAFO with a friendly bid for Teranga Gold
West Australian gold miner Dacian Gold aims to extend the life of its Mt Morgans gold operations through the regional consolidation move to merge with explorer NTM Gold.
Gold production, profit up and heading higher as SEMAFO acquisition lifts Q3 20 profit to $59M from Q2 20’s $37M loss
Hazardous re-entry to the long-sealed underground workings is the first step towards the reopening by owner Sojitz and contractor Mastermyne of the Gregory Crinum metallurgical coal project.
Australian miner Ramelius Resources credits compelling financial outcomes from its full feasibility study for its decision to bring forward the planned first production from its recently acquired Penny gold project to mid-2021. John Feary reports
Despite no production from the big Porgera mine in PNG, Barrick has lifted Q3 20 net earnings to $882M from Q2 20’s $357M
International diamond miner Lucapa is progressing towards its target of lifting its global production by 200% by approving a 45% increase in mining and processing capacity at its Mothae mine in Lesotho. John Feary reports
Strike Resources aims for the fast-tracked development of its Paulsens East project in Western Australia’s Pilbara region to seize the benefit of high current iron ore prices.
With the major indicators up, IGO has set a solid $45.5M profit platform for the rest of FY21. By Mark Mentiplay
With the coal price below economic levels and uncertainty over Chinese coal imports, the Chinese-owned Bluff Coal Project is moving to care & maintenance. By Mark Mentiplay
Joint venture partners Horizon Minerals and Richmond Vanadium Technology are turning their attention to the costs and timing of a definitive feasibility study for their Richmond-Julia Creek vanadium project in NW Queensland, Australia.
All commodities up for Q3 20, lifting Freeport McMoRan net income $276M to $329M
Two of the most powerful men in the Western Australian mining sector, Fortescue’s Andrew Forrest and Mineral Resources’ Chris Ellison, are on opposite sites of the looming legal fight over plans by Ellison’s company to develop its newly acquired Wonmunna iron ore development in the Pilbara region.
Chilean copper-gold miner Antofagasta is still feeling the fallout from COVID-19, with molybdenum holding out to lift Q3 20 production.
Gold-silver miner Hochschild is successfully battling COVID-19 restraints that have hit all 3 of its operation, with gold-silver output doubling
A combination of negatives have hit St Barbara’s 3-mine Q1 21 operations, pushing production down to 72,990oz from Q4 20’s 108,612oz
Big upgrade for Liontown Resources’ Kathleen Valley lithium-tantalum project, flagged for 1st production in Q1 2025
‘Merger of equals’ between dominant West Australian miners Northern Star Resources and Saracen Mineral Holdings will create a global Top 10 gold producer with a portfolio of producing and prospective projects in Tier 1 Australian and North American jurisdictions and compelling synergies and growth opportunities.
Australian gold miner AuStar has significantly narrowed its full year FY20 net loss despite the extra costs of its ultimately withdrawn attempt to build on its Victorian gold portfolio through a merger with the under-administration Centennial Mining.
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