Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

1st qtr of Nova nickel commercial production the main contributor to a loss to Q1 18 $4.7M profit turnaround, with more to come. By Mark Mentiplay

Diamonds and iron ore lead Anglo American in the production run to the end of FY/CY 2017 as thermal coal/nickel falter

Silver Lake Resources is maintaining FY 18 gold sales of up to 145,000oz, despite a fall in Q1 18 production and higher costs

A potential settlement of Acacia Mining's damaging dispute with the Tanzanian government has been reached in talks between president John Magufuli and John Thornton, executive chairman of 63.9% Acacia shareholder Barrick Gold.

A slew of records has seen Vale lift Q3 17 production levels for just about all its commodities, but with a drop in high silica content iron ore bringing down FY17 iron ore predictions

Lower mill grades cost Shanta Gold’s Q3 17 and FY 17 gold-silver production

Northern Star Resources plans to spend $65M on production capacity upgrades at its Jundee and Kalgoorlie operations in Western Australia, aiming to boost each to annual output over 300,000oz. John Feary reports

FS sees 421,241oz gold/210,815oz silver over initial 9.5years from its Miraflores underground project in Colombia

Olympic Dam expansion project and smelter maintenance work underpins BHP ambitions for higher copper production. By John Feary

Hochschild set to exceed FY/CY17 expectations after more records fall in Q3 and YTD 17

Jaguar Mining has cut its FY2017 gold expectations in the wake of what appeared be an improved Q3 17 with increased overall production and higher grades.

Impala Platinum has launched an up to $196M bid for a potential 50.01% stake into the big PFS-stage Waterburg PGE project in South Africa

New FS flags 291,000oz pa over initial 15-years gold production from Falco Resources’ $1.25B Horne-5 project, with construction beginning in 2019. By MBM’s North American correspondent

While its Pilbara iron ore operations go from strength to strength, the delayed commissioning of a major extension project at the Escondida project in Chile due to industrial action early this year has forced an 8% cut in Rio Tinto's full year copper production forecast.

TMAC Resources is nicely on track for a top-end 60,000oz in FY/CY2017 as Hope Bay steps up while further refining its underground options

Queensland Mining Corp accepts a $53M Moly Mines offer for its White Range copper-gold-cobalt project after failing in a two-year search for a development partner.

New Century Resources reaches conditional agreement on $45M debt facility to fund the recommissioning of Australia's giant Century zinc mine. MBM Correspondent reports

The good news is that after emerging from administration and lifting Q1 18 Indonesian gold production 74%, Aussie miner Kingsrose is shutting down its satellite mine. By Mark Mentiplay

Syrah Resources has completed the $110M equity raising as it works to complete the delayed commissioning of its Balama graphite project in Mozambique

Metalicity says its two-stage prefeasibility study approach has pointed the way to significant capital and operating cost savings at Admiral Bay, the world's fourth largest undeveloped zinc deposit. John Feary reports

DFS green light for the 1st of Strandline Resources’ low cost, high grade Tanzanian heavy mineral sands projects. By Mark Mentiplay

Central Rand Gold concedes it's now unlikely to be able to raise the $50M that it urgently needs if it is to avoid the sale of its South African mining assets.

West Australian JV partners Barra Resources and Conico turn to feasibility study funding plans for their Mt Thirsty cobalt project. John Feary reports

Glencore is looking to spend up to $956M to lift its stake in big Peruvian miner Volcan to a top-end around 28%

Kin Mining's DFS presents a strong case for its Leonora gold project, even with the increased gold royalty grab by the West Australian government. John Feary reports

Oracle Power says it has a new deal with 2 unnamed Chinese partners to debt finance and build Oracle’s Thar coal mine/power plant project in Pakistan

A $15M project sale has saved South American-focused gold-silver miner Patagonia Gold from a near $4M H1 17 loss to turn a $9M profit on big production/revenue falls

A new study has added a new 505,000oz open pit resource to its formerly underground-focused Clarence Stream Gold Project in Canada

The $2M acquisition of the mothballed Red October mine from Saracen Mineral Holdings provides additional production opportunities and significantly increases Matsa Resources’ footprint in the Lake Carey area of the WA Goldfields.

Taseko Mines will accelerate development at its Florence copper project in Arizona after the US EPA rejected an attempt to block its use of in-situ mining using acid injection to recover metal.


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