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$679M IVANHOE DEAL DONE TO BRING ON 3 AFRICAN PROJECTS

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

CADIA RECORDS DELIVER STRONG YEAR FOR NEWCREST AHEAD OF RED CHRIS ACQUISITION

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.

MALAYSIA GOES WITH THE SCIENCE FOR CONDITIONAL RENEWAL OF LYNAS OPERATING LICENCE

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 IVORY COAST/SENEGAL ASSETS SALE OPTIONS OPEN

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 MASSIVE EXPANSION LIFTS Q2 19 PROFIT UP TO $194M

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

HUDBAY Q2 19 LOSS BLOW OUT TO $54.1M

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

VALE SEES 2-3 YEARS TO RESTORE FULL PRODUCTION AFTER POST-DISASTER SHUTDOWNS

Six months after the Brumadinho dam rupture that killed at least 248 people, with another 22 still missing, Brazilian mining giant Vale has restored nearly a third of the 93Mt capacity lost due to safety-driven mine closures.

ORVANA PLUNGES TO Q2 19 LOSS WITH PRODN DOWN, COSTS UP

Orvana has slumped from profit to a Q2 19 loss with prodn down and costs well up, but holding to FY19 guidance

ARGONAUT LIFTS FY 19 COSTS AFTER H1 19 PROFIT PLUNGE

Argonaut lifts FY 19 costs in the wake of a 25% H1 19 profit fall, despite increased gold equivalent production from its 3 Mexican mines

AMERIGO Q2 19 LOSS BLOW OUT AS Cu PRODN MISSES EXPECTATIONS

A bad start to the phase-2 expansion of its Chile copper project has seen Amerigo Resources’ Q2 19 loss grow to $6.6M on lower than expected production

GLENCORE TO SHUTTER DRC COPPER-COBALT MINE AFTER ‘CHALLENGING’ FIRST HALF

Glencore has announced plans to suspend its Mutanda Mining copper-cobalt operation in DRC as part of a comprehensive program including management changes and operational reviews to tackle issues that led to a 92% fall in attributable net income for the June half-year.

IAMGOLD CUTS FY19 GUIDANCE FOLLOWING H1 19 $55.7M LOSS

IAMGOLD has had a bad H1 19 resulting in a $55.7M loss now followed by the cutting of its FY19 production expectations and higher costs

ANGLOGOLD PLEDGES TO MAINTAIN DISCIPLINE ON COSTS AND CASH-FLOW AMID RISING GOLD PRICES

International miner AngloGold Ashanti says its return to positive cash-flow driven by improving gold prices in the June quarter won’t change its focus on strict capital discipline.

AVESORO WOES CONTINUE WITH NEW LIBERTY CLOSED, 38% H1 19 PRODN FALL

The profit gauging fall-out from Avesoro’s switch to contract mining is raising questions on maintaining the recently cut FY/CY19 guidance after 38% production fall to 79,436oz

ANGLOGOLD ASHANTI SEES GREENER GRASSROOT OPPORTUNITIES IN AUSTRALIA

With two of Australia’s biggest gold producers in its portfolio and both still growing, South African-based international miner AngloGold Ashanti confirms its strong focus on grassroots exploration in the West Australian and northern Queensland goldfields. Ross Louthean assesses AngloGold executive Andrea Maxey’s presentation to the Diggers & Dealers in Kalgoorlie.

NEW NEOMETALS NICKEL FIND LINKS TO THE EXCITING DAYS OF AUSTRALIAN BOOM

The discovery of healthy drill intercepts near the old Mt Edwards nickel mine in Western Australia’s Kambalda region creates new links back to the great nickel boom. Ross Louthean, co-author of the authoritative account of the sector, Australia’s Nickel Adventure, reports from the Diggers & Dealers forum in Kalgoorlie.

CENTAURUS DEAL FOR ADVANCED VALE NICKEL PROJ IN BRAZIL

Centaurus has completed an innovative $7M cash and copper-gold project swap option agreement to acquire Vale’s advanced Jaguar Nickel Project in Brazil. By Mark Mentiplay

PRIVATEER GOLD VALLEY ADDS GWR’S WILUNA WEST PROJECT TO IRON ORE PROJECT STRATEGY

Yuzheng Xie’s Gold Valley Group adds to its near-production Australian iron ore project portfolio after signing a three-year DSO iron ore mining agreement with GWR at Wiluna West in WA.

EQUINOX CUTS FY/CY19 PRODN WITH Q2 19 LOSS OUT TO $10.7M

Equinox Gold has suffered a double setback with FY/CY19 output expectations cut and a Q2 19 loss doubled to $10.7M

HIGHER COSTS, LOWER PRODN SEES LEAGOLD PLUNGE TO $70M Q2 19 LOSS

Leagold is looking to its Los Filos expansion and Santa Luz restart to restore profit and lift full year gold production to a top-end 700,000oz pa after Q2 19 $70M loss
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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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START THE WEEK: COMMODITIES (August 16, 2019)

    START THE WEEK: CALENDAR (August 18, 2019)

      DATADIGGING: THE JUNE 2019 QUARTERLIES/HALF YEARLIES

        START THE WEEK: COMMODITIES (Aug 9, 2019)

          START THE WEEK: CALENDAR (Aug 11, 2019)

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