Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

The all-share merger of leading gold producer Barrick Gold and African miner Randgold will spawn a clearly dominant $18.3B gold company eyeing $10B in initial annual revenue and adjusted EBITDA of around $4.7B. By MBM’s North American correspondent

Peabody takes another step to strengthen its metallurgical coal platform with the $US400M acquisition of Drummond’s Shoal Creek mine, a central Alabama longwall operation that sold 2.1M tons to Asian and European steel mills in 2017.

Equinox Gold set for producer status with the $158M acquisition of New Gold’s Mesquite mine in US, with more in the wings from Aurizona and Castle Mountain. By MBM’s North American correspondent

The size of RNC’s recent bonanza Beta Hunt gold discovery has more than doubled, with the $38M result to be used to accelerate exploration of the mine, historically known for its nickel. By Mark Mentiplay

Doray Minerals has achieved the first step towards a new growth strategy for its Deflector gold-copper mine with the declaration of a resource upgrade for the Da Vinci deposit. John Feary reports

West Australian company Kalium Lakes has given the green light for early works and final engineering after completing a BFS that increased annual output and extended the forecast mine life of its Beyondie sulphate of potash project. John Feary reports

New PEA underpins Velocity’s strategy to develop a 100,000oz+ pa gold operation in Bulgaria, starting with Rozino’s 65,000oz pa

Maiden 4.76Moz reserve clears the way for Cardinal Resources’ 4Moz Namdini Gold Project IN GHANA. By Mark Mentiplay

Warden’s court ruling on historic tenement dispute could delay Australia’s most advanced proposed lithium mining and processing development, companies warn.

Petra Diamonds’ FY18 bottom line has been hammered by losses from its now ended KEM JV, strikes, Tanzanian export bans, impairments and FX losses, crashing to a $203M loss

West Australian miner Ramelius Resources continues the growth strategy linked to its existing mining hubs with a binding agreement to acquire the idle Marda gold mine, just under 200km from its flagship Edna May operation. John Feary reports

A cost-cutting $10.12B revenue-generating open pit operation has been flagged by a new study to augment Nevada Copper’s US Pumpkin Hollow underground operation. By MBM’s North American correspondent

An 11% jump in copper production, higher copper prices, ore processed and recoveries, not upset by higher costs, sees Atalaya double H1 18 net profit

The price has just gone up on RNC Minerals’ previously predominantly nickel mine in Western Australia after deep drilling yields game changing bonanza grade gold. By Mark Mentiplay

Troubled miner Orosur Mining has done a $34M exploration deal with Newmont Mining on one of its prime Colombian projects following plunging FY18 production and worse expected in FY19

Ramelius Resources is focusing on the potential synergies of linking its flagship Edna May mine and the Tampia Hill gold project in its share-swap takeover bid for fellow West Australian company Explaurum.

Tahoe Resources can at last see a pathway to reopening its flagship Escobal mine in Guatemala despite a court ruling it must still go through an extended community consultation process.

A positive scoping study has outlined the 1st steps for an up to $35M capex project for Thor Mining that will be the 1st primary tungsten producer in the US

Sources say Poland’s state-controlled JSW is considering a bid for Australian-based coal developer Prairie Mining and its Polish coal assets. No comment from either side.

New study sees start-up $97M Argentine silver project producing initial 29Moz over 6-year LoM for $45M NPV5

Integrated rare earths miner-producer Lynas has posted a $53M turnaround to a maiden full-year profit on record sales and improved market penetration.

Two years after being rebuffed, BHP succeeds with a new move to acquire a minority interest in SolGold and its world-class Ecuadorian copper-gold project at Cascabel.

BCM Investments has stepped up again to buy another Endeavour Mining asset, the producing Tabakoto Gold Mine in Mali for $60M

South American miner Orosur is in the midst of a declining gold production rescue operation with its operations either closed or near it after a FY18 $40M net loss.

Australian company Northern Star is eyeing the potential to become a 1Mozpa global gold producer with its audacious $US260M deal to acquire the giant Pogo underground mine in Alaska from Sumitomo Metal Mining.

A resurgent Perseus Mining, with the new Sissingue mine now safely ensconced, has seen record gold production cut its FY18 loss by $58M to $25M

Updated DFS flags long, profitable life for Terramin Australia's well sited $639M Algerian zinc-lead project, generating base case cash flow of $A2B

A $15M financing deal for an earlier start/cash flow for Aspire Mining’s Mongolian coal proj will lift Mongolian nationals shareholding in the company to 32%. By Mark Mentiplay

West African miner Perseus Mining will abandon current selective mining strategies and lower production rates for a stronger, smoother outcome in a new mine plan for its Edikan gold mine in Ghana.

$100M CHAARAT RAISING INCLUDES $75M BID FOR UNKNOWN GOLD MINE
Chaarat Gold has completed the 1st 25% of its $100M raising, which includes $75M for an undisclosed 50,000oz pa AuEq mine. By MBM’s UK correspondent

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