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Mining Bulletin

The full story: In-depth news and analysis

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

The fallout of its destruction of priceless heritage assets in Western Australia continues for Rio Tinto as it waits to see the potential impact of yet-to-be-revealed new state legislation on its mining, development and community relations.

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

International miner OceanaGold warns the timeline for a revival of its Didipio gold and copper mine in the Philippines remains uncertain despite a breakthrough in talks with government agencies on the renewal of its formal approval.

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

Newcrest Mining is advance on a potential 3-year path to commercial production at its 60%-owned Havieron gold-copper project in Western Australia’s highly prospective Paterson province after approving $A146M funding for early exploration works.

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

Global specialty chemicals company Albemarle will take a lead in the US drive for security of supply of critical minerals with its planned $50M investment to double production from its Silver Peak lithium project in Nevada.

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

Peel Mining expands the asset base supporting its hub & spoke strategy for the Cobar Basin in western NSW after gaining state government approval to restore 100% control of the high-grade Mallee Bull underground copper resource.

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

Australian-based Lepidico sees heightened interest from potential offtake and financing partners in its vertically integrated lithium mining and processing project as expectations grow of supply constraints in 2021.

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

A new Australian Govt report has warned of big falls in thermal/metallurgical coal revenue in the current June 2021 year, with China showing no signs of easing current unloading delays at its ports

ELEMENT 25 IDENTIFIES EARLY EXPANSION PLANS FOR BUTCHERBIRD MANGANESE PROJECT

Australian technology metals specialist Element 25 could move within months to double or treble production at its under-construction Butcherbird manganese project in WA’s Pilbara region.

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

Australian-based nickel pig iron producer Nickel Mines aims to double the capacity of its Indonesian assets and strengthen its relationship with leading global stainless steel maker Tsingshan through its planned $490M acquisition of the Angel development project.

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

Kingston Resources plans to move on to a definitive feasibility study in the June 2021 quarter at its Misima gold project in PNG after its PFS confirmed its potential of a large-scale, long-life and low-cost operation delivering 130,000ozpa over 17 years at AISC of $A1,159/oz.

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

Lower production of all its commodities has seen PNG-focused K92 Mining’s Q3 20 profit plunge to $9.4M from $17M

ENDEAVOUR BID FOR TERANGA TO SECURE WEST AFRICAN GOLD DOMINANCE

Acquisitive Endeavour Mining has followed up its recent $691M takeover of SEMAFO with a friendly bid for Teranga Gold

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

SOJITZ ORDERS STUDY ON VIABILITY OF REOPENING HISTORIC GREGORY CRINUM COAL MINE

Hazardous re-entry to the long-sealed underground workings is the first step towards the reopening by owner Sojitz and contractor Mastermyne of the Gregory Crinum metallurgical coal project.

STRONG FEASIBILITY STUDY PROMPTS EARLY RAMELIUS START ON PENNY DEVELOPMENT

Australian miner Ramelius Resources credits compelling financial outcomes from its full feasibility study for its decision to bring forward the planned first production from its recently acquired Penny gold project to mid-2021. John Feary reports

RISING GOLD PRICE PUSHES BARRICK Q3 20 PROFIT UP $525M TO $882M

Despite no production from the big Porgera mine in PNG, Barrick has lifted Q3 20 net earnings to $882M from Q2 20’s $357M

LESOTHO DIAMOND MINE EXPANSION TO ADVANCE LUCAPA’S 200% GROWTH TARGET

International diamond miner Lucapa is progressing towards its target of lifting its global production by 200% by approving a 45% increase in mining and processing capacity at its Mothae mine in Lesotho. John Feary reports

NEW AUSTRALIAN IRON ORE DEVELOPER AIMS TO STRIKE WHILE IRON PRICES REMAIN HOT

Strike Resources aims for the fast-tracked development of its Paulsens East project in Western Australia’s Pilbara region to seize the benefit of high current iron ore prices.
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BEACON MINERALS: JAURDI MINE BEATS Q2 GUIDANCE

 

Perth, Jan 13

West Australian miner Beacon Minerals has exceeded expectations with output of 7,870oz gold at its 100%-owned Jaurdi project 35km NW of Coolgardie for the Dec qtr (Q2FY21), up from 7,453oz in the previous period.
Gold revenue rose to $A20.68M from sales of 8,212oz at $A2,518/oz, compared to $19.59M from 7,619oz at $2,571/oz.

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