Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Formed from a 3-company merger last year, Equinox Gold is spinning off its copper assets into Solaris Copper to focus on gold by end 2018. By MBM’s North American correspondent

Big Chinese gold miner Chifeng Jilong Gold is buying MMG’s Sepon copper-gold proj in Laos for $275M with the aim of re-starting its gold operation

A $1.47ps Orion Mine Finance cash takeover bid for $6Moz+ Irish gold mine values Dalradian Res at $537M

The delivery of the first concentrates from its Pilgangoora lithium-tantalum project in Western Australia marks the start of the transformation of Pilbara Minerals towards becoming a pre-eminent global lithium and tantalum raw materials producer. By John Feary

Pacton Gold is expanding its stake in Western Australia’s new Pilbara gold conglomerate region buying Marindi Metal’s project for cash and 10% of Pacton

'Fantastic' results of optimisation study on the Karlawinda gold project has Capricorn Metals closer to becoming Australia's newest significant gold producer.

Doray Minerals expects a more efficient mine plan and higher exploration expenditure to deliver a 30% increase in gold production and 15% reduction in costs in FY19 at its Deflector underground mine in Western Australia. John Feary reports

Australian producer Malachite Resources is considering changes to the pit design at its Lorena gold mine near Cloncurry in Queensland after suspending mining operations just two months after production commenced.

Australian-based explorer Mayur Resources is pioneering a new energy coal industry for Papua New Guinea with the approval of commercial-scale bulk sampling of its Depot Creek project.

Low capex, good project yield PEA on increased PGM resources and a suite of commodity options sees Jangada Mines PFS pause for thought on Brazil project

The fate of junior iron ore miner Atlas Iron now looks to be in the hands of 3 powerful suitors with billionaire Gina Rinehart’s Hancock Prospecting entering the fray with a $390M cash bid. By Mark Mentiplay

CEO Graham Kerr says South32's agreed $US1.3B takeover of Canadian developer Arizona Mining recognises it is the natural owner of the exciting Hermosa project, its first US acquisition.

Following its early $US6B settlement with disenchanted JV partner Gécamines, Glencore has agreed to pay over €80M a year in previously disputed royalties to controversial businessman Dan Gertlerrather than risk losing access to its two copper and cobalt operations in DR Congo.

Savannah Resources to fast track FS after positive scoping study flags the potential for its Portugal lithium project to become a major European supplier

International miner Anglo American will raise $US600M to support its share of development costs for the Quellaveco copper project in southern Peru through the sale of an extra 21.9% interest to its project partner Mitsubishi.

World No 3 iron ore producer BHP is predicting a revenue boost from the premium prices being paid for premium grade material after giving the go-ahead for the $US3.4B development of the South Flank mine. John Feary reports

PFS on Hill End Gold’s Yendon alumina project in Australia prompts DFS/pilot plant for plant commissioning Q4 2022

A $US6B- plus debt-for-equity and compensation agreement between Katanga Mining and DR Congo state miner Gécamines removes the threat to Glencore's access to the giant Kamoto copper-cobalt project.

France’s ERAMET’s 20% lift in its hostile take-over for Australian J/V partner Mineral deposits will cost it $322M

Battery Mins has delayed its 1st graphite conc shipment after $30M RCF funding deal scrapped. By Mark Mentiplay

West Australian explorer Explaurum heads towards a construction decision on its low-cost, high-margin Tampia gold project on farmlands east of Perth.

Australian-based Kingsrose Mining has reached another milestone on its program to turn its flagship Way Linggo gold project into a long-term, low-cost mining operation.

Todd Corp and TNG have signed up to bring on their northern Australia vanadium-titanium-iron projects. By Mark Mentiplay

Mineral Resources has followed a 51% earn-in on the advanced McIntosh flake graphite project in WA with a 3.6% stake in current 100% project owner Hexagon Resources. Mark Mentiplay reports

Global miner Vale gives the go-ahead for the delayed $US1.7B underground expansion of the Voisey's Bay nickel mine after signing streaming deals for cobalt production that will deliver upfront payments of $690M.

International entrepreneur Robert Friedland's Ivanhoe Resources will welcome state-owned Chinese giant CITIC as largest shareholder in a $C723M investment to advance three major projects in Southern Africa.

Bellzone Mining’s delayed Guinea ferronickel project is on the table at discussions with a number of parties on the future of the company’s operations. BY MBM’s European correspondent

Teranga Gold envisages an up to 20-year LoM for its Burkina Faso mine, scheduled for 1st prodn end 2019, after lifting M&I resources 33% to 2.4Moz with more to come. By MBM’s North American correspondent

Polyus’ up to $2.5B, 1.6Moz pa Sukhoi Log Gold Project is shaping up as a cornerstone of the company’s future develop when it comes on stream in 2026

Iron ore major Fortescue Metals has stepped into the $300M Mineral Res bid for Atlas Iron, taking a 19.9% stake in the loss making junior WA iron ore miner. By Mark Mentiplay

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