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The full story: In-depth news and analysis

RIO TINTO CUTS FY IRON ORE FORECASTS AFTER COVID IMPACTS SLOW MINE DEVELOPMENTS

The impact of COVID-19 counter-measures on labour recruitment and retention in the Australian mining sector has slowed completion of global miner Rio Tinto’s Gudai-Darri iron ore mine development and forced a cut in its FY2021 export forecasts.

STRONG PANDEMIC RECOVERY BOOSTS LUCAPA CY2021 PROFIT MARGIN FORECAST

The unexpected strength of the recovery in rough diamond prices from the COVID-19 pandemic disruptions has enabled international miner Lucapa to boost its already-ambitious profit forecasts for the calendar year.

TIETTO MINERALS DFS POINTS TO LATE 2022 PRODUCTION START AT ABUJAR GOLD PROJECT

Definitive feasibility study supports Tietto Minerals’ expectations for the Abujar gold project to be one of the Cote d’Ivoire’s largest producing gold mines.

FIREFINCH TIPS ‘IMMINENT’ APPROVAL OF GANFENG JV PLAN FOR WEST AFRICAN LITHIUM MINE

Mali government backs plans for Firefinch -Ganfeng joint venture to progress West Africa’s first large-scale hard rock lithium mine in the face of growing terrorist attacks.

NEW GRUYERE PLANT FAILURE DELIVERS HARD CHEESE FOR GOLD FIELDS AND GOLD ROAD

The Gruyere gold mine, originally billed by JV owners Gold Fields and Gold Road Resources as one of Australia’s largest and lowest-cost producers, is travelling well short of its full year guidance after the latest in a series of mechanical failures.

BASE RESOURCES NEW STUDY OUTLINES ENHANCED SCALE AND ECONOMICS FOR TOLIARA

African mineral sands producer and developer Base Resources has outlined substantial improvements in forecast production and financial returns in an enhanced definitive feasibility study for its 100%-owned Toliara project in Madagascar.

SANDFIRE RESOURCES AGREES AMBITIOUS DEAL TO ACQUIRE SPANISH COPPER COMPLEX

Sandfire Resources is targeting a quick transformation into one of Australia’s largest copper focused producers and a leading diversified global base metals producer with an ambitious $1.85B deal to acquire the large MATSA mining complex in Spain.

HIGH-FLYER FINLAYSON KEY TO GENESIS MINERALS' FUNDING, EXECUTIVE RESTRUCTURE

One of the Australian mining sector’s highest flyers, Raleigh Finlayson, has put his experience and expertise plus $7M funding behind a funding and restructuring plan aimed at building Genesis Minerals into a mid-tier gold company. John Feary reports

NICKEL MINER DOWNPLAYS FEARS OF INDONESIA IMPOSING NEW TAX ON LOW-GRADE EXPORTS

Australian-based nickel miner and processor Nickel Mines dismisses Indonesian minister’s claims of potential export tax on low-grade nickel pig iron and ferronickel exports.

FALLING PRICES AND RISING DISCOUNTS HALT VENTURE MINE AFTER FIRST SHIPMENT

New producer Venture Minerals suspends its Riley iron ore mine in Australia after just one export shipment due to the plunge in global iron ore prices.

GRAPHITE SPECIALIST TIRUPATI IN $12.5M DEAL TO BUY MOZAMBIQUE PROJECTS

UK-based integrated graphite value chain producer Tirupati will double the size of its portfolio in Mozambique with $12.5M agreement to acquire the Montepuez and Balama Central graphite flake projects from current owner Battery Minerals.

NEW CORONADO CURRAGH MINE TERM WORTH $1B-PLUS TO GOLDING CONTRACTORS

International coal miner Coronado Global Resources has signed a letter of intent with Golding Contractors for a five-year amendment of its mining services contract, with an anticipated value of up to $A1.4B at its Curragh mine in Queensland, Australia.

SCONI DEVELOPER AUSTRALIAN MINES SIGNS ‘MILESTONE’ OFFTAKE WITH BATTERY MAKER LGES

Australian Mines is aiming for June 2022 to finalise a funding agreement for its proposed $US1.5B development of the world-class Sconi mine in northern Queensland after signing a memorandum of understanding with world-leading EV batteries manufacturer LG Energy Solution covering 100% of its battery-grade nickel and cobalt.

NEWCREST GREENLIGHTS $246M TELFER MINE LIFE EXTENSION PROJECT TO AID HAVIERON TRANSITION

Newcrest Mining aims to smooth the transition to the Havieron mine, the first of its prospective developments in Western Australia’s Paterson province, with approval of an additional $246M mine cutback to maintain the continuity of operations at its Telfer plant.

LOCAL CONTRACTORS MAY GAIN FROM COVID COSTS REVIEW OF MOUNT PEAKE PROJECT

Commercial and logistical challenges caused by the global COVID-19 pandemic force a rethink by Australian project developer TNG and its proposed German EPC contractor SMS Group on the development strategy for the Mount Peake project in the NT.

DIGGERS HIGHLIGHT ‘CLEANER PLANET’ OPPORTUNITIES IN SWING TO BATTERY METALS

Miner credits the COVID-19 “pause button” for allowing the world to recognise the need to deliver cleaner solutions for future generations. John Feary reports

TVI DEAL WITH RED 5 SEIZES NEW OPPORTUNITY IN A LESS HOSTILE PHILIPPINES ENVIRONMENT

Philippines miner TVI Resource Development is moving to take advantage of a perceived easing of the Duterte regime’s opposition to the mining sector with its $54M agreement to acquire the Siana gold mine shut down because of government intransigence over four years ago.

RIO TINTO COMMITS $2.4B TO JADAR PROJECT AS GLOBAL BATTERY MINERAL SUPPLIER

Seventeen years after its geologists made the first discovery of the unique mineral jadarite in western Serbia, Rio Tinto has committed to invest $2.4B on becoming a top 10 global supplier of lithium carbonate to the booming EV and energy storage industries.

RIO TINTO FORCE MAJEURE AS SECURITY BREACHES HALT SOUTH AFRICAN MINERAL SANDS MINE

South Africa’s largest mineral sands producer is halted for the second time in less than two years because of rising levels of violent opposition from local community groups.

$1.7B VALE EXPANSION PROJECT DELIVERS FIRST UNDERGROUND ORE AT GIANT VOISEY’S BAY MINE

Delivery of the first production ore from the Reid Brook mine marks a milestone in the transition of the Voisey’s Bay mine on the northern Labrador coast in Canada for global miner Vale from openpit to underground mining.
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NORTHERN STAR TO LEAD ALL-AUSTRALIAN TEAM IN CHARGE OF THE KALGOORLIE SUPER PIT

By John Feary

Australian gold miner Northern Star Resources is set to make the leap to the 1Moz annual production level with its $800M deal to take management control of the Kalgoorlie Super Pit in WA, making up an all-local ownership team with Saracen Mineral Holdings. John Feary reports

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Northern Star Resources Ltd

Exchange Code: 
ASX: NST
Website: 
http://www.nsrltd.com

Perth-based gold producer with Tier 1 mines in Western Australia and Alaska, USA

Newmont Goldcorp Corporation

Exchange Code: 
NYSE:NEM, TSX:NGT
Website: 
http://www.newmontgoldcorp.com

Denver, CO-based company with gold and copper operation in USA, Australia, Canada, Ghana, Peru, Suriname, Mexico, Argentina and Dominican Republic.
April 2019: Name change from Newmont Mining Corporation following merger with Goldcorp

Saracen Mineral Holdings Limited

 
Website: 
http://www.saracen.com.au

Perth-based ASX300-listed gold producer focused on Western Australia.
Feb 2021: Removed from ASX following takeover by Northern Star Resources (ASX:SAR)

Barrick Gold Corporation

Exchange Code: 
NYSE:GOLD, TSX:ABX
Website: 
http://www.barrick.com

Toronto-based global major with gold and copper projects in the Americas, Africa, Saudi Arabia and Papua New Guinea.
Jan 2019: Takeover of Randgold Resources completed. NYSE symbol change from ABX to GOLD.

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      DATADIGGING: TRACKING COVID-19’S IMPACT ON THE GLOBAL RESOURCES SECTOR (October 17, 2021)

        START THE WEEK: COMMODITIES (Oct 8, 2021)

          START THE WEEK: CALENDAR (Oct 11, 2021)

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