Mining Bulletin

The full story: In-depth news and analysis

You are here

Mining Bulletins

The full story: In-depth news and analysis

Sibanye Gold outlines 20% workforce reductions in the latest attempt to find a sustainable future for the struggling Marikana platinum mine in South Africa.

Leading metallurgical coal producer Coronado Global Resources downgrades its full year earnings forecast over sudden fall in benchmark prices.

DFS sees S Africa’s Waterberg PGM project rising from a 2023 prodn start to becoming one of the largest, lowest cash cost, underground PGM mines in the world

After eight years guiding the development of the Woodlawn zinc-copper project through study, financing, construction and commissioning, Heron Resources MD-CEO Wayne Taylor has been abruptly dismissed over the mine’s slow ramp-up.

Massive UK fertiliser development project slowed for major strategic rethink after market conditions force it to abandon a $500M key funding program.

VRX Silica has produced a 2nd positive BFS supporting 2 of its 3 advanced silica sand projects in Western Australia. By Mark Mentiplay

South American miners Titan Minerals and Core Gold are set to try again to pool their resources into an emerging regionally focused gold company after the British Columbia Supreme Court rejected their previous scheme of arrangement

The reversal of a decision by developer Havilah Resources’ major shareholder to back a $100M GFG investment in the company has seen the bid rejected. By Mark Mentiplay

A change to a smaller and cheaper development strategy could make it easier for developer TNG to reach a final investment decision and gain financial approvals for its Mount Peake project in Australia’s Northern Territory.

A good Petropavlovsk H1 19 has seen all the good things up and the bad things down for a $54M turnaround to a $14M profit underpinned by a successfully ramping POX hub

Americas Gold and Silver’s major shareholder Eric Sprott buying 40% of America’s Galena silver mine for $20M

Battery materials market uncertainty hits the flake graphite suppliers, with Syrah Resources cutting output from its Balama operation in Mozambique by 66% due to falling spot prices and over-supply concerns.

New study sees Integra Res’ Idaho heap leach operation generating $697M after tax cash flow over an initial 10-year LoM from 1.24Moz AuEq ouput

Tanzania’s Mining Commission orders major regional coal producer Tancoal to charge customers hefty new royalties on the transportation costs of thermal coal sales.

A string of financial benefits, not big production increases or cost cuts, have fuelled a FY19 $145M net profit from a $2.6M profit the year before

Miner Independence Group racks up a string of records to lift its FY 19 NPAT 44% to $76M. By Mark Mentiplay

Australian international gold producer Resolute Mining expects to lift 2020 production at its Ravenswood mine to 80,000oz after pressing the go button on Stage 1 of the expansion plan at its long-lived Queensland operation. John Feary reports

Shipment timing and big growth investments have pushed OZ Mins’ H1 19 profit down $84m to $44M

The end of mining at Hillgrove’s Kanmantoo Cu-Au mine in S Australia has the operation running on stockpiles, for lower output and cutting H1 19 profit 9.2%.

Gold Fields has sold its 10% stake in J/V partner Gold Road Res for $1126.3M, but is hanging on to its 50% of the Gruyere Gold Project. By Mark Mentiplay

Delayed acquisition/ramp up of the Koolyanobbing Iron Ore Project and the ending of Wodgina lithium DSO sales slash Mineral Res FY19 profit 39%

Cazaly Res has accepted a new superior $20M+ offer for its Parker Range Iron Ore Project from neighbouring producer Mineral Res. By Mark Mentiplay

Maiden Kenmare dividend follows 17% H1 19 profit fall on HMC production down 8%, but with ilmenite, zircon and rutile all up

Prophecy Devel is setting up to spin off its Bolivian silver and Mongolian assets as its US Vanadium operation closes on 1st production in 2022

Ivanhoe has secured $679M in development cash from 2 major Chinese companies to secure development of the 1st of its 3 advanced southern Africa projects

All operations move into positive cash-flow as higher production and lower costs deliver increased profits and improved balance sheet for Australian miner Newcrest Mining.

Lynas Corporation is confident the renewal of the operating licence for its advanced materials plant will end the politicisation of its rare earths processing operations in Malaysia.

Barrick Gold remains open to selling its Ivory Coast/Senegal gold operations, as sale process for its 50% of the Kalgoorlie Superpit begins

Barrick Gold’s global expansion has resulted in a Q2 19 net profit up to $194M and well set for a bright future

$40M+ of deferred tax/write downs, along with lower copper/silver production, have pushed Hudbay’s Q2 19 loss out to $54.1M

Pages

Mining Billboard

Insights and analysis from leading industry commentators