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The full story: In-depth news and analysis

ORION BFS OUTLINES LONG LIFE, HIGH MARGINS FOR SOUTH AFRICA’S HISTORIC PRIESKA MINE

Orion Minerals’ bankable feasibility study confirms strong economics for a new long-life, high-margin copper and zinc operation in the footprint of South Africa’s historic Prieska mine.

MACMAHON TO TARGET MORE UNDERGROUND WORK AFTER GBF ACQUISITION

Australian mining contractor Macmahon is confident it can compete more strongly for work across the openpit and underground areas through its planned acquisition of specialist contractor GBF.

HAVILAH EYES ENHANCED OUTCOMES FOR KALKAROO COPPER-GOLD PROJECT IN NEW PFS

South Australian project developer Havilah Resources continues to explore upside scenarios for its flagship Kalkaroo project ahead of a prefeasibility study update.

RAMELIUS TURNS TO EDNA MAY PROCESSING OPTION FOR NEW TAMPIA GOLD PROJECT

WA miner Ramelius Resources sets out five-year plan to produce over 1Moz gold despite six-month delay in land clearance approval for its Greenfinch openpit development.

SARACEN SECURES LONG-SOUGHT BOOST FOR THUNDERBIRD WITH NEW BLIGH DEAL

Saracen’s comeback success in its quest for the Bundarra resource also delivers a significant return for international resources investor Zeta Resources. John Feary reports

ADANI MAKES FAST START TO $2.95B CARMICHAEL COAL MINE AFTER WINNING 8-YEAR BATTLE

The Australian arm of Indian energy giant Adani expects to start construction work almost immediately after finally winning the final state government approval for its 10Mtpa first stage Carmichael thermal coal mine.

NEWCREST AGREES MACMAHON DEMAND TO RENEGOTIATE ITS AT-RISK TELFER MINE CONTRACT

The mining services contract at Newcrest Mining’s Telfer gold mine that triggered a financial crisis for leading Australian contractor Macmahon two years ago has come back to bite it again, with warnings of significant impairment costs if the parties can’t agree to renegotiate the charges. John Feary reports

SHIFT TO CONTRACT MINING WOES CUT AVESORO FY19 GOLD PRODN

Troubles associated with the cost-cutting switch to contract mining at Avesoro’s 2 W African operations has forced the company to cut FY19 gold guidance and increase costs

HECLA TAKES $25M SWORD TO ITS AMERICAS OPERATIONS

Hecla Mining’s non-performing Nevada, US, assets will bear the brunt of a $25M cost cutting purge across all the company’s operations. By MBM’s North American correspondent

DISCOVERY SUPPORTS RNC GEOLOGICAL MODEL FOR MORE BETA HUNT BONANZA GOLD

Canadian miner RNC follows up its Father’s Day Vein bonanza with a second major discovery of coarse gold mineralisation at the Beta Hunt mine in Western Australia.

CHANGE OF CONTROL FLAGGED AS DACIAN CUTS FY19 PROJECTIONS AGAIN

Dacian Gold has flagged a potential “change of control transaction” after a strife-hit Q4 19 at Mt Morgans has forced the company to again cut FY19 production from 180,000oz to 136,000oz-143,000oz. By Mark Mentiplay

CASH-FLOW CRUNCH OVER DALGARANGA MINE WOES TRIGGERS GASCOYNE COLLAPSE

WA miner Gascoyne Resources appoints voluntary administrators after review that pointed to a lower-grade future for its struggling Dalgaranga gold mine. John Feary reports

JV PARTNERS BATTLE AFTER AERIS HALTS SOUTH AUSTRALIAN COPPER-GOLD DRILLING PROGRAM

Junior (30%) JV partner Argonaut Resources has fired up after Aeris Resources halted the long-awaited first stage drilling program on their giant Torrens IOCG project with only 20-25% of the planned work completed.

EARLY LOM PLAN LIFTS HUMMINGBIRD’S EARLY MALI GOLD OUTPUT

Early indications from Hummingbird’s new Yanfolila LoM plan show a 1st 3-years rise in gold output and consequent recovery from FY/CY18’s $12.8M loss

€250M TAX BILL HELPS NYRSTAR TO A FY/CY18 €618M LOSS

An array of issues, led by a €250M tax bill, lower copper-silver-gold prodn and higher costs, have seen Nyrstar fall from a FY/CY17 profit to a FY/CY18 €618M loss

NULLAGINE GUIDANCE SLASHED AS MILLENNIUM MINERALS TACKLES ISSUES SLOWING KEY UPGRADES

Major shareholder IMC Group offers a $20M working capital lifeline as WA miner Millennium Minerals works to remedy Nullagine production shortfall. John Feary reports

NEW NUMBERS FLAG 40% CODELCO COPPER MINE FALL OVER 2-YEARS

Codelco internal forecast sees 40% prodn fall from its huge Chuquicamata Copper Mine in Chile over the next 2-years as it moves underground

PFS OUTLINES A FAST PATH TO REVENUE FOR TALGA’S VITTANGI GRAPHITE PROJECT IN SWEDEN

The PFS for Talga Resources’ Vittangi graphite project in Sweden points to early revenue from a low-cost first stage development plus NPV of over $US1B for the full-scale operation.

$9.5M NICKEL MINE DEAL BOOSTS MINCOR’S KAMBALDA RESTART STRATEGY

Hard on the heels of a big resource increase and a new off-take agreement, Mincor Resources has signed $9.5M deal to buy the 32,000t nickel resource Long Nickel mine to accelerate its Kambalda nickel restart strategy. By Mark Mentiplay

BARRICK OFFERS $285M TO BUY ACACIA MINING OUT OF ITS PEACE TALKS WITH TANZANIAN GOVERNMENT

Barrick Gold acquiesces Tanzanian government demands to exclude management of Acacia Mining from negotiations to end their damaging stand-off with the regime of President John Magufuli, proposing a hostile share-swap takeover of its subsidiary.
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ADANI MAKES FAST START TO $2.95B CARMICHAEL COAL MINE AFTER WINNING 8-YEAR BATTLE

By MBM Correspondent

The Australian arm of Indian energy giant Adani expects to start construction work almost immediately after finally winning the final state government approval for its 10Mtpa first stage Carmichael thermal coal mine.

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Adani Mining Pty Ltd

 
Website: 
http://www.adaniaustralia.com

Brisbane-based Australian subsidiary of India's Adani Group focused on the Carmichael thermal coal project in the Galilee Basin, railway and Abbot Point terminal development in Queensland

Adani Enterprises

 
Website: 
http://www.adani.com

A public limited company, India’s largest coal importer and operatior of the world’s largest coal terminal at Mundra, as well as miner and owner of large tenements in Australia
 

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