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Mining Bulletin

The full story: In-depth news and analysis

FLAT H1 19 PUSHES BHP PROFIT DOWN 8% TO $3.7B

Unexpected problems in Australia and Chile keep H1 19 prodn/revenue flat and the underlying profit 8% lower to $3.73B, with FY18 expectations for more of the same. By Mark Mentiplay

CHINESE COAL TRADERS LOOKING ELSEWHERE AS AUSSIE IMPORTS HELD UP

Chinese coal traders are looking for other sources as just Australian shipments are being mysteriously held up by customs

PRETIUM 1ST FULL YEAR FY18 $36.6M PROFIT TRIUMPH

All systems go as Pretium Resources posts 1st full-year 370,000oz+ gold, $200M cash flow and a $36.6M net profit. By MBM’s North American correspondent

ASANKO GOLD FOLLOWS J/V INTO BIG FY18 LOSSES

Asanko Gold and its namesake Ghana gold mine J/V both suffer heavy FY18 losses

KINROSS $469M REVERSAL TO FY18 $23.6M LOSS

Lower production, higher costs and impairments have combined to push Kinross Gold from a 2017 $445M profit to a $23.6M 2018 loss

NEWCREST STARTS AGAIN WITH REVISED PLANNING SCENARIO FOR FIJI’S GIANT NAMOSI DEPOSIT

Newcrest Mining adopts a new openpit/underground development scenario for Fiji’s giant Namosi Waisoi copper and gold project after concluding its previous openpit proposals would not generate acceptable returns.

BARRICK HERALDS NEW ERA WITH $3B REVERSAL TO FY18 $1.54B LOSS

Having completed its $5.4B merger with Randgold last month, Barrick Gold has ushered in a new era with substantially lower gold-copper production and a $1.54B loss. By MBM’s North American correspondent

RECORD $3.1B FY18 PROFIT FOR TECK, DESPITE Q4 18 STUMBLE

Teck Resources has overcome some Q4 18 losses in its energy/zinc-lead operations to produce a record $3.1B profit for FY18

EVOLUTION H1 19 PROFIT PLUNGE ON LOWER GOLD, HIGHER COSTS

Non-cash items and lower gold production have combined to cut Aussie miner Evolution Mining’s H1 19 profit 31.5% to $91.1M

GROWTH PROJECTS KEEP HARMONY GOLD MINING ON TRACK FOR FULL YEAR GUIDANCE

Harmony Gold’s investment strategy pays off with the inclusion of Moab Khotsong in South Africa and Hidden Valley in PNG boosting its production and cash flow in the first half of 2019.

EGANSTREET LIFTS ROTHSAY GOLD PRODN

New mine design/updated DFS boosts EganStreet’s Rothsay production, revenues and cash flow expectations

VALE KNEW DEATH DAM HAD HIGH RISK OF RUPTURING, REPORT

An Oct, 2018, internal report shows global iron ore leader Vale knew the dam in Brazil that collapsed killing around 165 people was at risk of rupturing

NEW POLYMETAL PROJ TARGETING 9.3Moz OVER 23-YEARS

Big Russian gold-silver miner Polymetal OKs immediate construction start for its POX-2 Gold Project, targeting 1st production Q3 2023 for 9.3Moz over 23-years.

ARAFURA READY FOR OFFTAKE AND FUNDING TALKS ON ROBUST NOLANS RARE EARTHS DFS

Arafura Resources DFS outlines a robust case for its Nolans rare earths project in Australia’s NT to be the next potential scale producer of NdPr oxide to the clean energy market as China’s supply dominance fades.

$30M TRANSACTION ADVANCES HOT CHILI PLANS FOR TOP 30 CHILEAN COPPER PROJECT

Hot Chili has identified the potential to develop a top-30 global copper mine at low altitude in Chile’s coastal range by combining its large-scale Productora project with the nearby Cortadera copper-gold discovery.

GOOD FY18 FOR GLENCORE

It’s been a good year for global miner/commodity trader Glencore with only oil letting it down

TECK FLAGS BIG FALL IN Q4 18 EXPECTATIONS

Teck Resources has warned of a big reversal of fortunes in Q4 18, fuelled by a $92M loss for its energy business and another $23M loss for its Trail zinc-lead operation

POLYMETAL RECORD FY18 GOLD EQUIV PRODN

Kyzl kicks in with 1st major production to lift Polymetal Int’l to a record 1.56Moz AuEq in FY18

SOLGOLD FLAGS BID FOR CORNERSTONE TO CONSOLIDATE CASCABEL

SolGold may have triggered a bidding war for Cornerstone Capital Resources’ and its stake in the big Cascabel Cu-Au project from major SolGold shareholders BHP and Newcrest. By Mark Mentiplay

2ND PIT LIFTS KINGSROSE Q2 19 SUMATRA GOLD PRODN

The start of mining at Kingsrose Mining’s 2nd Way Linggo pit in Sumatra set to pave the company’s road ahead with Q2 19 project output up to 3,556oz
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TNG: MOUNT PEAKE NATIVE TITLE DEAL SEALED

 

Alice Springs, Oct 11

TNG has finalised the native title agreement for its 100%-owned Mount Peake vanadium-titanium-iron project, clearing the way for the issue of mining leases for its proposed $A853M openpit and 3Mtpa concentrator development 230km NW of Alice Springs in Australia’s NT.
MD Paul Burton says TNG looks forward to working with the community to advance the major resources project towards development and construction.

TNG Limited

Exchange Code: 
ASX: TNG
Website: 
http://www.tngltd.com.au

Perth-based company focused on strategic metals development plus base metals exploration in the Northern Territory and Western Australia

Mining Brokers

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