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NEW YTD19 PRODN RECORD FOR HOCHSCHILD’S INMACULADA

Miner Hochschild Mining has had the 2nd best 9-months production period in its history, with the Inmaculada mine racking up record output

NEW ZIMBABWE PLATINUM MINE NEEDS ANOTHER $500M

Russia-Zimbabwe get together to established a new platinum mine in Zimbabwe in advanced talks with potential investors for a further $500M to start the project

MIXED Q3 19 BAG FOR ANGLO AMERICAN WITH OUTPUT MOSTLY UP

The ramping Minas-Rio iron ore operation and a big coal performance, particularly Australian metallurgical coal, were the highlights of Anglo American’s Q3 19

BIG Ni-Au-Co PRICE INCREASES LIFT IOG Q1 20 PROFIT 119%

With output generally down a little, a big jump in the nickel price and help from gold and cobalt, have lifted Independence Group’s Q1 20 profit 119% to $66M

MILLENNIUM BATTLES ON TO LIFT Q3 19 GOLD PRODN

While an optimisation study and some funding assistance has helped Millennium Minerals lift Q3 19 gold prodn, the costs have been heavy and recoveries down to 65% from 82%. By Mark Mentiplay

MORE RECORDS IN SARACEN Q1 20 RESULT

Gold production up and costs down as a record breaking Saracen Mineral Holdings Q1 20 already exceeds FY 20 expectations. By Mark Mentiplay

HIGHLAND GOLD LIFTS YTD19 OUTPUT, DESPITE 3 OUT OF 4 MINE FALLS

Primarily lower grades have seen YTD19 prodn from 3 out of 4 of Highland Gold’s Russian mines fall, but still manage an increased 217,298oz.

AEON’S WALFORD CREEK Cu-Co PROJ GETS SCOPING STUDY THUMBS UP

Aeon Mets is moving to PFS following a positive scoping study for its 446,000t CuEq initial 11-year LoM Walford Creek Cu-Co project in N Australia. By Mark Mentiplay

GLOBAL GRAPHITE LEADER SLASHES PRODUCTION, JOBS OVER SUDDEN RISE OF MARKET FEARS

A sudden fall in prices blamed on Chinese currency variations and emerging fears of over-supply have triggered drastic action by Syrah Resources to reduce production and workforce levels at its world-leading high-purity graphite operation, the Balama mine in Mozambique.

LOWER COSTERFIELD GOLD PRODN CUTS MANDALAY FY/CY19 GUIDANCE

A series of problems at Costerfield has seen Mandalay Resources cut FY/CY19 expectations after a YTD19 production fall

VRX SILICA RACKS UP ITS 3RD MAJOR SILICA SANDS PROJECT IN WA

In just a few months, VRX Silica has come up with its 3rd major silica sands project in Western Australia. Mark Mentiplay reports

PFS OUTLINES $1.15B Ni-Co CAPEX, 38-YEAR LoM FOR HORIZONTE’S VERMELHO

PFS flags 924,000t Ni/36,000t Co over 38-year LoM for Horizonte’s Vermelho proj, just 85km from its similarly advanced Araguaia ferro-nickel project

MAIDEN RESOURCE BOOSTS TALGA AMBITIONS FOR MAJOR EUROPEAN BATTERY SUPPLY

Australian-based Talga Resources gain further support for its plans to build a large, long-term European source of anode products for the lithium-ion battery industry.

BLACKHAM WALTZES MATILDA TOWARDS A BRIGHTER FUTURE AFTER STRONG Q3 PERFORMANCE

Strong production and costs performance in September and continuing into October have encouraged Blackham Resources to declare a significant turnaround at its previously struggling Matilda-Wiluna gold operations in Western Australia. John Feary reports

BFS BOOSTS ECONOMICS FROM HIGHER PRODUCTION AT SALT LAKE’S WA POTASH PROJECT

The bankable feasibility study has emphasised the potential for Salt Lake Potash’s Lake Way project to generate very strong returns over a forecast mine life of 20 years.

Gt PANTHER Q3 19 PRECIOUS-BASE METALS PRODN UP ACROSS BOARD

Gt Panther lifts all Q3 19 precious-base metals output by 18%-20%, but with a question mark hanging over front runner Tucano’s Q4 19 prodn

PERSISTENT PRIVATEER QCOAL WINS OVER BOUNTY MINING WITH $90M REFINANCING DEAL

Cash-strapped Australian coal producer Bounty Mining says it has listened to the preferences of its shareholders in accepting a $A90M refinancing deal from privateer QCoal Group.

RESOLUTE MINING REACHES A NEW LEVEL IN ITS DRIVE FOR MULTI-MINE GOLD OUTPUT GROWTH

Resolute Mining exceeds 100,000oz gold for the September quarter on the back of its automation success at Syama in Mali and Mako mine acquisition in Senegal, with its Ravenswood mine expansion in Australia still to come. John Feary reports

HERON OUTLINES $91M FUNDING PATH TO SAFETY FROM WOODLAWN CAPITAL DEFICIENCY

New producer Heron Resources has settled its dispute with contractor Sedgman and negotiated a $91M funding package it needs to overcome the working capital deficiency arising from the delayed completion and slow ramp-up of its Woodlawn zinc-copper project in NSW, Australia.

STELLAR BID TO BECOME AUSTRALIA’S No2 TIN PRODUCER BACKED BY HEEMSKIRK STUDY

Stellar Resources gains strong evidence for its bid to become Australia’s second largest tin producer with positive scoping study for Heemskirk project.
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ANGLOGOLD ASHANTI SEES GREENER GRASSROOT OPPORTUNITIES IN AUSTRALIA

By Ross Louthean

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.

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AngloGold Ashanti Limited

Exchange Code: 
NYSE:AU; JSE:ANG; ASX:AGG; LSE:AGD
Website: 
http://www.anglogoldashanti.com

Johannesburg-based global gold major with operations in South Africa, Ghana, Guinea, Mali, DR Congo and Tanzania in Continental Africa, Argentina, Brazil and Colombia in South America and Australia.

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