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Mining Bulletin

The full story: In-depth news and analysis

KIRKLAND LAKE BEATS COVID CHALLENGES WITH RECORD FY OUTPUT AND EARNINGS

Acquisition of the Detour Lake gold mine in Ontario has helped Canadian miner Kirkland Lake Gold to achieve record production, earnings and cash-flows amid the challenges of global pandemic.

FAST-ACTING RESERVES PROGRAM OPENS A DOOR TO RENEWED GROWTH FOR ANGLOGOLD

AngloGold Ashanti has established a ‘clear and credible path’ to extended, high-return growth with the identification of 6Moz in new ore reserves after the first 12 months of a multi-year investment program.

CHILEAN GIANT SQM GO-AHEAD ON INITIAL FUNDING FOR WA LITHIUM MINE-TO-REFINERY PROJECT

West Australian conglomerate Wesfarmers and Chile’s Sociedad Quimica y Minera have given their deferred final investment approval for ambitious vertically integrated lithium hydroxide development.

MALARTIC PARTNERS APPROVE THE START OF A NEW ODYSSEY FOR ICONIC CANADIAN GOLD MINE

The decades-long history of the Canadian Malartic gold mine begins its transition to a new era of underground operations with the go-ahead by JV partners Yamana Gold and Agnico Eagle Mines for the start of construction of the Odyssey mine.

ORION SEES BASE METALS MINING HOUSE OPPORTUNITY IN $18M S AFRICAN OPTION

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HERITAGE LEGISLATION CHANGES TO POSE UNKNOWN CHALLENGES FOR RIO TINTO IRON ORE

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PHILIPPINES GOVERNMENT TALKS RAISE HOPES OF REVIVING OCEANAGOLD’S SUSPENDED DIDIPIO MINE

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NEWCREST $146M EARLY WORKS APPROVAL EYES 3-YEAR PATH TO HAVIERON COMMERCIAL PRODUCTION

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ALBEMARLE LEADS PUSH FOR US MINERALS SUPPLY SECURITY WITH $50M SILVER PEAK EXPANSION

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MALLEE BULL PROJECT DEAL LOCKS IN PEEL MINING’S COBAR BASIN CONSOLIDATION STRATEGY

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CRITICAL MINERALS SUPPLY CONCERNS BOOST INTEREST IN LEPIDICO’S PHASE 1 PROJECT

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AUSTRALIAN GOVT FLAGS BIG FALLS IN JUNE 2021 YEAR COAL PRODUCTION/EXPORTS

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ELEMENT 25 IDENTIFIES EARLY EXPANSION PLANS FOR BUTCHERBIRD MANGANESE PROJECT

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$490M DEVELOPMENT PROJECT ACQUISITION SET TO DOUBLE NICKEL MINES’ NPI PRODUCTION

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MAJOR PM’S GREENLAND DEAL TARGETS GROWING WORLD VEHICLE DEMAND FOR PALLADIUM

Canadian junior explorer Major Precious Metals takes 100% control of one of the largest palladium resources outside South Africa and Russia with its $13M acquisition of the Skaergaard project in Greenland from Platina Resources.

KINGSTON SEES BRIGHT NEW FUTURE FOR PNG’S REMOTE MISIMA ISLAND GOLD MINE

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K92 MINING Q3 20 PROFIT HALVED TO $US 9.4M, ALL COMMODITIES DOWN

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ENDEAVOUR BID FOR TERANGA TO SECURE WEST AFRICAN GOLD DOMINANCE

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NTM GOLD TAKEOVER PLAN TO DRIVE DACIAN REGIONAL CONSOLIDATION STRATEGY

West Australian gold miner Dacian Gold aims to extend the life of its Mt Morgans gold operations through the regional consolidation move to merge with explorer NTM Gold.

SEMAFO TAKEOVER FIRES ENDEAVOUR Q3 20 PROFIT JUMP

Gold production, profit up and heading higher as SEMAFO acquisition lifts Q3 20 profit to $59M from Q2 20’s $37M loss
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ANGLOGOLD ASHANTI: TROPICANA HITS UNDERGROUND TARGET

 

Kalgoorlie, Sep 17

AngloGold Ashanti has declared commercial production at the Boston Shaker underground mine three months after firing the first production stope, and is now ramping up towards its 1.1Mtpa design production rate expected to be reached by March 2021.
The first underground operation at AngloGold’s 70%-owned Tropicana JV with IGO is forecast to deliver 100,000ozpa gold over seven years from a 317,000oz (2.8Mt @ 3.84g/t) ore reserve, with significant potential to increase at depth.
The new mine will sustain production in the coming year following completion of Tropicana’s initial openpit and treatment of low-grade stockpiles during transition to the new Havana cutback, with forecast output declining to 380,000-430,000oz at AISC of $A1,730-1,8670/oz from 463,118oz at $1,171/oz in FY20.
The development and commissioning by contractor Macmahon of the new mine 330km NE of Kalgoorlie in Western Australia was completed on time and below its $US79.3M budget.

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.

IGO Limited (Independence Group)

Exchange Code: 
ASX:IGO
Website: 
http://www.igo.com.au

Perth-based miner with nickel, copper-zinc-silver and gold operations in Western Australia.
Jan 2020: Name change from Independence Group NL

Macmahon Holdings

Exchange Code: 
ASX:MAH
Website: 
http://www.macmahon.com.au

Australian-based contract mining company with projects in Australia, New Zealand, South East Asia, Mongolia and Africa

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