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The full story: In-depth news and analysis

PFS OUTLINES $1.15B Ni-Co CAPEX, 38-YEAR LoM FOR HORIZONTE’S VERMELHO

PFS flags 924,000t Ni/36,000t Co over 38-year LoM for Horizonte’s Vermelho proj, just 85km from its similarly advanced Araguaia ferro-nickel project

MAIDEN RESOURCE BOOSTS TALGA AMBITIONS FOR MAJOR EUROPEAN BATTERY SUPPLY

Australian-based Talga Resources gain further support for its plans to build a large, long-term European source of anode products for the lithium-ion battery industry.

BLACKHAM WALTZES MATILDA TOWARDS A BRIGHTER FUTURE AFTER STRONG Q3 PERFORMANCE

Strong production and costs performance in September and continuing into October have encouraged Blackham Resources to declare a significant turnaround at its previously struggling Matilda-Wiluna gold operations in Western Australia. John Feary reports

BFS BOOSTS ECONOMICS FROM HIGHER PRODUCTION AT SALT LAKE’S WA POTASH PROJECT

The bankable feasibility study has emphasised the potential for Salt Lake Potash’s Lake Way project to generate very strong returns over a forecast mine life of 20 years.

Gt PANTHER Q3 19 PRECIOUS-BASE METALS PRODN UP ACROSS BOARD

Gt Panther lifts all Q3 19 precious-base metals output by 18%-20%, but with a question mark hanging over front runner Tucano’s Q4 19 prodn

PERSISTENT PRIVATEER QCOAL WINS OVER BOUNTY MINING WITH $90M REFINANCING DEAL

Cash-strapped Australian coal producer Bounty Mining says it has listened to the preferences of its shareholders in accepting a $A90M refinancing deal from privateer QCoal Group.

RESOLUTE MINING REACHES A NEW LEVEL IN ITS DRIVE FOR MULTI-MINE GOLD OUTPUT GROWTH

Resolute Mining exceeds 100,000oz gold for the September quarter on the back of its automation success at Syama in Mali and Mako mine acquisition in Senegal, with its Ravenswood mine expansion in Australia still to come. John Feary reports

HERON OUTLINES $91M FUNDING PATH TO SAFETY FROM WOODLAWN CAPITAL DEFICIENCY

New producer Heron Resources has settled its dispute with contractor Sedgman and negotiated a $91M funding package it needs to overcome the working capital deficiency arising from the delayed completion and slow ramp-up of its Woodlawn zinc-copper project in NSW, Australia.

STELLAR BID TO BECOME AUSTRALIA’S No2 TIN PRODUCER BACKED BY HEEMSKIRK STUDY

Stellar Resources gains strong evidence for its bid to become Australia’s second largest tin producer with positive scoping study for Heemskirk project.

SIBANYE LAYS OUT A NEW RESTRUCTURE PLAN FOR LONMIN’S FORMER MARIKANA PGM MINE

Sibanye Gold outlines 20% workforce reductions in the latest attempt to find a sustainable future for the struggling Marikana platinum mine in South Africa.

SLOW CHINESE DEMAND TRIGGERS DOWNTURN IN CORONADO FY2019 PROFIT GUIDANCE

Leading metallurgical coal producer Coronado Global Resources downgrades its full year earnings forecast over sudden fall in benchmark prices.

$874M WATERBERG PGM PRODN FLAGGED FOR 2023

DFS sees S Africa’s Waterberg PGM project rising from a 2023 prodn start to becoming one of the largest, lowest cash cost, underground PGM mines in the world

HERON RESOURCES DROPS LEADER AS WOODLAWN DELAYS FORCE RECAPITALISATION PLANS

After eight years guiding the development of the Woodlawn zinc-copper project through study, financing, construction and commissioning, Heron Resources MD-CEO Wayne Taylor has been abruptly dismissed over the mine’s slow ramp-up.

SIRIUS MINERALS PULLS BACK FOR 6-MONTH REVIEW AFTER PROJECT FUNDING PLAN FAILS

Massive UK fertiliser development project slowed for major strategic rethink after market conditions force it to abandon a $500M key funding program.

VRX SILICA SCORES FOR THE 2ND TIME AT ARROWSMITH

VRX Silica has produced a 2nd positive BFS supporting 2 of its 3 advanced silica sand projects in Western Australia. By Mark Mentiplay

TITAN MINERALS SIGNALS NEW CORE GOLD MERGER PLAN AFTER BC COURT SETBACK

South American miners Titan Minerals and Core Gold are set to try again to pool their resources into an emerging regionally focused gold company after the British Columbia Supreme Court rejected their previous scheme of arrangement

HAVILAH RES SHAREHOLDERS REJECT $100M GFG DEAL

The reversal of a decision by developer Havilah Resources’ major shareholder to back a $100M GFG investment in the company has seen the bid rejected. By Mark Mentiplay

TNG SEES POSITIVES IN NEW CHEAPER, SMALLER MOUNT PEAKE DEVELOPMENT STRATEGY

A change to a smaller and cheaper development strategy could make it easier for developer TNG to reach a final investment decision and gain financial approvals for its Mount Peake project in Australia’s Northern Territory.

NEW POX HUB FIRES PETROPAVLOVSK H1 19 PROFIT

A good Petropavlovsk H1 19 has seen all the good things up and the bad things down for a $54M turnaround to a $14M profit underpinned by a successfully ramping POX hub

$20M SPROTT BUY INTO GALENA SILVER MINE

Americas Gold and Silver’s major shareholder Eric Sprott buying 40% of America’s Galena silver mine for $20M
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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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