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Mining Bulletin

The full story: In-depth news and analysis

RESOLUTE MINING LOOKS BEYOND CURRENT EXPANSION TO MORE GOLD OUTPUT AT RAVENSWOOD

Australian miner Resolute credits government promise to overcome red tape delays for helping it identify more growth opportunities at Ravenswood gold project.

INTERMIN/MACPHERSONS MERGER TO CREATE NEW STAND-ALONE GOLD PRODUCER

Intermin Res merger/share bid for fellow Western Australia gold explorer MacPhersons Res to create Horizon Resources as new stand-alone producer. By Mark Mentiplay

TECK FLAGS 2021 CHILE COPPER PRODN START, SELLS 30% FOR $1.2B

Teck Resources is selling 30% of its big Chilean copper project for $1.2B and flagged production start-up in H2 2021. By MBM’s N American correspondent

GUPTA SEARCH POINTS TO A SIGNIFICANT NEW SOUTH AUSTRALIAN IRON ORE DISCOVERY

Global industrialist Sanjeev Gupta’s growing involvement with Australian minerals may have led to the discovery of a major new iron ore project close to Broken Hill in South Australia.

EXPLAURUM ADVISERS REJECT RAMELIUS’ $60M SCRIP TAKEOVER

Independent advisers have backed Explaurum’s rejection of an all-scrip, $60M takeover bid from miner Ramelius Resources saying it’s undervalued

INV METS FS ENVISAGES 2.6Moz AuEq over 12-YEARS, BEGINNING 2021

New study flags late 2021 start to gold conc production from INV Metals’$341M Ecuador project, with initial output of 2.6Moz AuEq in the 1st 12-years. By MBM American correspondent

MINBOS SEES ITS CHANCE IN TERMINATION OF ANGOLA PHOSPHATE ROCK PROJECT

Termination of its Cabinda phosphate rock prospecting permit in Angola may open new opportunities for Australian explorer Minbos Resources.

HEAVY RAIN DAMAGE CUTS HUMMINGBIRD FY/CY MALI GOLD PRODN

Heavy seasonal rains have cut FY/CY18 gold expectations from Hummingbird’s Yanfolila mine in Mali

FULL SELF-FINANCING FOR ADANI’S CARMICHAEL COAL MINE

Adani Mining to fully fund a slimmer, cheaper, albeit still controversial, Carmichael coal/rail project in Queensland with ramp up ore already set for Adani’s clients

$310M OLAROZ LITHIUM EXPANSION COMMISSIONING H2 2020

Final investment approval for the $310M expansion of the Olarox lithium project is expected to see commissioning in H2 2020. By MBM correspondent Mark Mentiplay

STUDY ENVISAGES 2022 START TO CAPSTONE'S $1.9B CHILE Cu PROJ, PRODUCING 2.4Blbs

New study opens the door to more development options for Capstone’s $1.9B Chilean iron oxide-copper-gold project that could be producing in 2022

BHP DISCOVERY IN SOUTH AUSTRALIAN OUTBACK SPARKS OLYMPIC DAM COMPARISONS

It’s early days yet, but BHP is generating intense speculation about a new Olympic Dam-style IOCG discovery with the report of strong copper, gold, uranium and silver intersections from exploration in South Australia’s Stuart Shelf.

GENESIS MINERALS SEEKS MORE RESOURCES FOR ULYSSES TO TOP POSITIVE SCOPING STUDY

A scoping study has delivered a robust case for underground development at Genesis Minerals’ Ulysses gold project, but more drilling success could still deliver a significant boost. John Feary reports

GOLDEN ENERGY SEEKS AUSTRALIAN COAL ASSETS THROUGH $47.7M BID FOR STANMORE COAL

Indonesian coal producer Golden Energy and Resources has launched a $47.7M offer for Australian independent coal producer Stanmore Coal.

ZIMBABWE PROJECT DFS POINTS PROSPECT RESOURCES TOWARDS KEY GLOBAL LITHIUM POSITION

Zimbabwe-focused Prospect Resources aims to move swiftly towards financing, additional offtake agreements and development on the back of a positive DFS on its 87%-owned Arcadia hard-rock lithium project on the outskirts of Harare.

BHP IRON ORE DERAILMENT DOWN TO BRAKE FAILURE, INCORRECT OPERATIONS

BHP’s preliminary report ascribes its recent 268-car iron ore train derailment to a brake system failure and incorrect operating procedure

STANMORE COAL KEEPS ITS OPTIONS OPEN WITH NEW 5-YEAR ISAAC PLAINS EAST CONTRACT AWARD

Stanmore Coal builds more flexibility to follow market trends in new 5-year Isaac Plains East coal mining services contract extension for NRW unit Golding.

ANTOFAGASTA KICKS OFF $1.3B EXPANSION PROJECT FOR LOS PELAMBRES COPPER PROJECT

Antofagasta predicts up to 20% increase in production after giving the go-ahead for a $1.3B expansion of throughput capacity at its 60%-owned Los Pelambres copper mine in Chile.

SILVER HEAVYWEIGHT PAN AMERICAN $1.07B BID FOR TAHOE RES

Big gun Pan American Silver has launched a mutually agreed $1.07b bid for suspended Escobel mine owner Tahoe Resources

ROXGOLD ON TRACK TO TOP FY/CY18 120,000oz-130,000oz GUIDANCE

A sizable jump in YTD18 gold production from its Burkina Faso operation, fuelled by better mine and processing performances, has Roxgold set on exceeding FY/CY18 expectations
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ARAFURA RESOURCES: COST CONCERNS DELAY NOLANS DFS

 

Alice Springs, Dec 5

Concerns over preliminary estimates for operating and capital expenditure have prompted rare earths developer Arafura Resources to defer the DFS for its 100%-owned neodymium-praseodymium project 135km NW of Alice Springs in Australia’s NT.
Arafura says external data sources indicates costs will be materially higher than its own internal targets and previous announcements.
More investigations on reagent pricing, pilot processing results and analysis of the trade-offs between capital and operating expenditures will put back the DFS completion from this month to early Feb.

Arafura Resources Limited

Exchange Code: 
ASX: ARU
Website: 
http://www.arultd.com

Perth-based company focused on development of the Nolans rare earth project in the Northern Territory, Australia

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