Take a free trial or Subscribe now

Advanced Search

Mining Bulletin

The full story: In-depth news and analysis

AUSSIE MINER NORTHERN STAR CLOSES IN ON TURNAROUND POINT AT ALASKAN PROJECT

After a decline in March quarter performance, Australian miner Northern Star confident the Pogo project in Alaska will provide the bounce it needs to achieve its record production target for the coming period.

15% FY18 FERREXPO PROFIT FALL DESPITE INCREASED PELLET PRODN

Big iron ore pellet producer Ferrexpo’s FY18 profit has fallen 15% on higher prodn and costs, but with new higher targets set for 2021 and beyond

NEVADA COPPER OPEN PIT ENVISAGES $9B REVENUE OVER 19-YEAR LOM

New Nevada Copper PFS flags a $1.5B stand-alone Pumpkin Hollow open pit mine generating nearly $9B of copper revenue over initial 19-years. Separate underground production by year-end.

BAD FY19 START, WITH POLYMETAL Q1 19 PRODN/REVENUE DOWN

Russian gold/silver major Polymetal Int’l has seen all commodities Q1 19 production down, cutting revenue by $198M to $454M.

CORE’S FINNIS LITHIUM PROJ EYES $501M OVER 3.5-YEARS FROM H1 2020

DFS sees Core Lithium’s low cost, $114M NPV Finniss Lithium Project generating $158M free cash/$500M+ revenue over 3.5-years starting H1 2020

EVOLUTION Q1 19 PRODN FALL ACROSS ALL COMMODITIES

A range of issues has seen all metals production from Evolution Mining’s Australian operations fall in Q1 19, with cash costs up. By Mark Mentiplay

DFS GO FOR INITIAL $257M STRANDLINE WA MINERAL SANDS PROJ

The DFS for Strandline Resources’ world-class Coburn mineral sands project in WA estimates $3.8B revenue over 22.5-years, with 1st ore after an 18-months construct duration. By Mark Mentiplay

AMERIGO CUTS FY/CY19 EXPECTATIONS ON LOWER Q1 19 PRODN

An unplanned plant shutdown, lower recoveries have severely cut Amerigo Resources’ Q1 19 copper production, forcing it to cut FY/CY2019 expectations

MZI ADMINISTRATORS TO CONTINUE SEARCH FOR KEYSBROOK PROJECT BUYERS

Lender sends West Australian mineral sands producer MZI Resources into administration seeking a recapitalisation or a buyer for Keysbrook, the world’s largest high-grade leucoxene producer.

STRIKE-OFFSETTING CUSI RECORD FAILS TO STOP Q1 19 PRODN FALLS

Despite record Cusi Q1 19 throughput taking some of the pain out of the now concluded Yauricocha mine strike, it couldn’t keep Sierra Metals’ production levels above Q4 18.

YAMANA SELLING CHAPADA MINE FOR $1B+

Yamana Gold shareholders can expect a 100% annual dividend increase on completion of the company’s $1B+ sale of its Chapada mine in Brazil

RIO STICKS WITH WORLEYPARSONS FOR BENCHMARK KOODAIDERI MINE DEVELOPMENT

Rio Tinto sticks with engineer WorleyParsons as EPCM contractor with the target of developing the world’s first ‘intelligent mine’ at its 43Mtpa Koodaideri project in Western Australia’s Pilbara region. John Feary reports

INCREASED RESOURCES, MAIDEN REVERSES, PFS LIFT DUKETON

A bundle of new, improved numbers and resources/reserves have combined to increase gold prodn and cut costs at Regis Resources’ new Rosemount underground operation. By Mark Mentiplay

NEW DEVELOPMENTS SET TO LIFT HIGHLAND GOLD AFTER LOWER FY18

Lower gold equiv production and resultant FY/CY18 profit are already set to be improved on with new mines and a LoM extension for another

OZ MINERALS LOOKS TO CARRAPATEENA TO OFFSET Q1 19 PRODN FALLS

Oz Minerals is looking to year-end Carrapateena prodn to offset the downward copper-gold trend set in a declining Q1 19

FINAL INVESTMENT GO FOR $77.6M JAPANESE LITHIUM HYDROXIDE PLANT

The $77.6M Naraha Lithium Hydroxide plant in Japan is expected to begin commissioning in 2021 after final investment decision. By Mark Mentiplay

PATAGONIA SEARCHING FOR NEW INCOME STREAM AFTER FY18 $22.46M LOSS

A FY/CY18 $22.4M loss and the Q1 19 closure of its 2 sole sources of income has Patagonia Gold looking to the rapid development of a new potential 75,000oz pa project and another underground

RECORD Q1 19 GOLD PRODN FROM K92’S PNG OPERATION

Gold equiv production jump to a record 19,780oz with 120,000oz pa flagged from new expansion plan

PERSEUS $150M FOR APRIL $265M YAOURE GOLD MINE START

Perseus Mining $150M development deal to start work on its Yaoure Gold Mine in Côte d’Ivoire later this month and 500,000oz pa from 2022. By Mark Mentiplay

GOLDCORP SHAREHOLDERS OK $10B NEWMONT TAKEOVER

Goldcorp’s shareholders have OK’d the creation of the world’s largest gold miner via the company $10B acquisition by Newmont
more

You are here

Home » Mining Breaks

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

Mining Brokers

START THE WEEK: COMMODITIES (April 18, 2019)

    START THE WEEK: CALENDAR (Apr 22, 2019)

      START THE WEEK: COMMODITIES (Apr 12, 2019)

        START THE WEEK: CALENDAR (Apr 14, 2019)

          START THE WEEK: COMMODITIES (Apr 5, 2019)

            more