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Mining Bulletin

The full story: In-depth news and analysis

EUROPEAN-FOCUSSED APOLLO SPINNING OFF FRASER RANGE ASSETS

Following a recent successful raising for its European tungsten-gold aspirations, Apollo Minerals is spinning off its Fraser Range assets in W Australian via a $7M IPO

STUDY GREEN LIGHTS ATALAYA’S 2ND COPPER MINE IN SPAIN

The PFS numbers look good for Atalaya Mining’s 2nd Spanish copper project, a low cost, $260M operation generating nearly $500M free cash over an initial 12-years.

WESTERN RES PUSHES THE BUTTON ON MILESTONE POTASH PROJ

Western Resources’ decade-long development of its 3-phase Milestone Potash Project in Canada has reached the construction stage

AFTER MARCH QUARTER SLUMP, RED 5 LOOKS TO STRONGER PERFORMANCE AT DARLOT MINE

Red 5 sees its terrible March quarter as a transitional period as it looks to the benefits of its significant investment in mine development and exploration laying the foundations for strong gold production. John Feary reports

SILVER LAKE STARTS ALDISS PREDEVELOPMENT WORK TO BOOST ITS MOUNT MONGER PROJECT

Silver Lake Resources begins predevelopment work on the Aldiss mining centre as the fourth hub at its Mount Monger project in Western Australia.

SOUTH32 LOWERS ILLAWARRA COAL FORECAST OVER SLOW RECOVERY

Australian-based South32 confident it's established the foundation for a return to historical production levels at its Appin colliery in southern NSW. John Feary reports

WEATHER CUTS KINGSROSE Q3 18 GOLD REVIVAL

Heavy rain has temporarily halted Kingsrose Mining’s revival, cutting Q3 18 gold-silver production, but expected to lift on the Sept 18 return of 1 mine and expansion of another. By Mark Mentiplay

BHP LOWERS WEST AUSTRALIAN IRON ORE FORECAST OVER PILBARA EQUIPMENT FAILURES

Troubles with dumper cars have put a dampener on what would have been a record year for BHP's West Australian iron ore operations.

ALL RIO TINTO’S Q1 18 COMMODITY PRODN DOWN

Rio Tinto’s Q1 18 iron ore shipments down 11%, prodn down 5% and coal down 53% as the company exits the Australian coal sector.

TAKEOVER TARGET ATLAS Q3 18 IRON ORE PRODN FALL

A string of adverse market conditions has added to battling iron ore producer and takeover target Atlas Iron’s woes with production down and costs up

SHANTA $12M+ LOSS-TO-FY17 PROFIT TURNAROUND DESPITE GOLD FALL

Shanta Gold has reaped a FY17 profit turnaround from its move underground in Tanzania, despite lower production and higher costs

UPDATED FS LIFTS NZURI’S DRC COPPER-COBALT PROJ

2 new studies have given substantial financial and production boosts to Nzuri Copper’s 8Mt, initial capex $53M+ copper-cobalt project in DRC

HAVILAH RESOURCES DRAGGED TO HALF-YEAR LOSS BY PORTIA PRODUCTION PLUNGE

Portia gold mine's production plunge pushes South Australian miner Havilah Resources to a first half loss and a pressing need for more cash.

ALL TREVALI MINING COMMODITIES DOWN IN Q1 18

Only 1 of Trevali Mining’s 4 global operations has improved on the previous qtr, with all commodity production down in Q1 18

35% CENTRAL ASIA FY17 PROFIT JUMP ON TAKEOVER, INCREASED PRODN

The late 2017 $402M acquisition of the Sasa zinc-lead mine is already paying off for Central Asia Metals, adding to record copper production from an existing operation.

$15M ASSET SALE SAVES PATAGONIA FROM FY17 LOSS

A couple of deals with silver major Pan American Silver have saved Patagonia Gold from a FY17 loss and provided a potential new flagship producer

AuSTAR SET TO RESTART MORNING STAR PROCESSING AFTER GOLD PLANT UPGRADE

One of Australia's most famous historic gold mines, the Morning Star mine in the Eastern Victorian Goldfields, is set to begin production again after AuStar Gold completed the recommissioning of its process plant.

PLANT PROBLEMS RESTRICT RYE PATCH Q1 18

With completion of its Alio Gold merger expected next month, Rye Patch Gold has seen resolved plant problems restrict Q1 18 gold-silver production

ALIO LIFTS Q1 18 PRODN AHEAD OF RYE PATCH TAKEOVER CLOSURE

Alio Gold has lifted Q1 18 gold-silver prodn and is looking to increase FY18 production past 100,000oz expectations on completion of the Rye Patch takeover in May

KIN MINING STALLS LEONORA GOLD PROJECT CONSTRUCTION TO AVERT FEARED COST BLOWOUT

Kin Mining has curtailed work on its 100%-owned Leonora gold project two months into its construction over concerns the development is heading for a significant cost blowout. John Feary reports
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MANDALAY RES: RESCUE HOPES LIFTED WITH WATER DISCOVERY

 

Santiago, Jun 18

A drilling probe by rescuers seeking to find 2 workers missing in a S Chile mine for more than a week has found water in the area where they are thought to have been at the time of a June 9 flood, Reuters reports.
Snowfall in recent days and the frigid waters of a surrounding lagoon have complicated efforts to find the 2 workers in the small Delia  gold-silver mine, part of Mandalay Resources’ Cerro Bayo complex.
The probe has reached level-55 where the miners are believed to have been working and where an emergency shelter is located, and found water. Rescuers are now preparing to deploy a camera probe.

Mandalay Resources Corporation

Exchange Code: 
TSX:MND
Website: 
http://www.mandalayresources.com

Canadian-based natural resources company focused on the exploration of gold, copper and antimony projects. The company has producing assets in Australia and producing and exploration assets in Chile

 

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