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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

IRON BRIDGE MAGNETITE OKAY ADVANCES FMG MOVE ON PREMIUM IRON ORE MARKET

World No 4 iron ore producer Fortescue Metals Group gives the go-ahead for development of its $US2.6B Iron Bridge magnetite mine. John Feary reports

BOSTON SHAKER UNDERGROUND EXPANSION TO SUSTAIN ANGLOGOLD’S TROPICANA PRODUCTION

Go-ahead for Tropicana’s first underground development announced after feasibility study backs its potential to leverage further value from the West Australia gold mine. John Feary reports

MOD RESOURCES STUDY SETS 2021 START DATE FOR $182M T3 COPPER PROJECT IN BOTSWANA

Feasibility study outlines a ‘compelling’ case for development of a significant copper and silver project at MOD Resources’ T3 project in Botswana.

$1.5B WESFARMERS BID FOR LYNAS MAY REST ON MALAYSIAN SUPPORT FOR RARE EARTHS PLANT

Australian conglomerate Wesfarmers has cited its track record of working well with governments supporting its proposed $1.5B takeover bid for Lynas Corporation, which has encountered wavering Malaysian support for its rare earths processing plant in Kuantan. John Feary reports

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KEM JV PUSHES PETRA FROM PROFIT TO FY18 $203M LOSS

 

Petra Diamonds’ FY18 bottom line has been hammered by losses from its now ended KEM JV, strikes, Tanzanian export bans, impairments and FX losses, crashing to a $203M loss

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Petra Diamonds

Exchange Code: 
LSE:PDL
Website: 
http://www.petradiamonds.com

Jersey-based company holding a portfolio of eight producing diamond mines, seven in South Africa and one in Tanzania

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