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The full story: In-depth news and analysis

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.

THIRD PRODUCTION SETBACK FOR ST BARBARA AS SIMBERI FATALITY INVESTIGATIONS CONTINUE

Australian-based St Barbara has withdrawn full year production guidance at its Simberi mine in PNG as investigations into the death of an employee and an unrelated pipeline failure result in an indefinite suspension of mining.

CHAARAT WARNS CENTERRA DISPUTE FALLOUT MAY SLOW KYRGYZ PROJECT

Chaarat Gold Holdings delays first production forecast for its Tulkubash mine project may be delayed up to 12 months due to financial sector uncertainty stemming from the Kyrgyz Republic government seizure of control at Centerra Gold’s Kumtor mine.

ILUKA RESOURCES SETS SUSPENSION DEADLINE FOR STRUGGLING SIERRA RUTILE BUSINESS

Mineral sands miner Iluka Resources faces a diminishing range of options to overcome acute business challenges and avert a premature shutdown of its Sierra Rutile operations in Sierra Leone

GROWING SKILLED LABOUR SHORTAGES PUSH ST BARBARA TO CUT GWALIA GUIDANCE

The hoped-for transition to new underground contractor Macmahon to rebuild operational performance at St Barbara’s Gwalia mine has made a slower than expected start due in part to difficulties in finding staff for critical roles and experienced operators amid a growing skill shortage in Western Australia.

RESOURCE UPDATE HIGHLIGHTS CALIBRE OF RIO TINTO-ANTIPA PATERSON PROJECT

The hugely prospective Paterson Province in Western Australia’s East Pilbara is building more excitement with a 62% increase in inferred resources to 2.7Moz gold equivalent at the Rio Tinto-Antipa Minerals Calibre project.

AUSTRALIAN MINER ORION WINS COURT ORDER AGAINST SOUTH AFRICAN VIOLENCE

South Africa’s Minerals Council has backed Australian-based developer Orion Minerals in its stand against violent illegal protests aimed at its flagship Prieska copper-zinc development project in the Northern Cape Province.
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TURQUOISE HILL CEO QUITS UNDER PRESSURE FROM RIO TINTO OVER OYU TOLGOI FUNDING DISPUTE

By MBM Correspondent

Turquoise Hill names ‘independent’ to pursue Oyu Tolgoi expansion funding negotiations with parent company Rio Tinto after chief executive Ulf Quellmann succumbs to pressure and resigns.

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Turquoise Hill Resources Ltd

Exchange Code: 
NYSE:TRQ, NASDQ:TRQ, TSX:TRQ
Website: 
http://www.turquoisehill.com

Vancouver-based company focused on copper, gold, silver, coal, molybdenum and rhenium. 51% subsidiary of Rio Tinto, previously  Ivanhoe Mines Ltd

Rio Tinto Group

Exchange Code: 
LSE:RIO, NYSE:RIO, ASX:RIO
Website: 
http://www.riotinto.com

International aluminium, copper, diamonds and minerals, energy and iron ore miner headquartered in London, UK. Rio Tinto plc dual listed with Rio Tinto Ltd

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