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Mining Bulletin

The full story: In-depth news and analysis

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Australian-based St Barbara has withdrawn full year production guidance at its Simberi mine in PNG as investigations into the death of an employee and an unrelated pipeline failure result in an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

STANMORE LINKS WITH M RESOURCES TO RESTART MOTHBALLED PEABODY AUSTRALIAN COAL MINES

Australian miner Stanmore Coal seeks to take advantage of the many synergies and product blending opportunities with its existing operations after linking with M Resources to acquire the mothballed Millennium and Mavis Downs metallurgical coal mines in Australia’s Bowen Basin from Peabody Energy.

RIO TINTO AGREES FUNDING TERMS FOR OYU TOLGOI UNDERGROUND EXPANSION

Rio Tinto and its subsidiary Turquoise Hill Resources have reached a ‘constructive and equitable agreement’ to end their long dispute over the funding of the underground development of the Oyu Tolgoi copper-gold mine in Mongolia.

SYAMA MINE LIFE UPDATE BOOSTS RESOLUTE GOLD PRODUCTION AND COSTS FORECASTS

Australian-based gold producer Resolute Mining has upgraded life of mine production and costs performance at its Syama mine in Mali based on the success of its continuing exploration and mine design optimisation.

PANORAMIC SEES POSITIVE LOWER-RISK FUTURE FOR RESTARTED SAVANNAH NICKEL SULPHIDE MINE

West Australian miner Panoramic Resources is confident its recapitalisation, move to contractor mining/processing and recent developments will reduce the operating and financing risks that have previously dogged its long-life, high-grade Savannah nickel operation.

VALE PROMISES STRONG FUTURE FOR NEW CALEDONIAN NICKEL GIANT UNDER NEW OWNERS

The new owners of the giant Vale Nouvelle-Caledonia openpit nickel mining and processing complex see a significant future in servicing the growing demand for lithium-ion batteries for the global electric vehicles industry after completing the acquisition of the business from former owner Vale.

1Moz GOLD RESERVES PUT BARDOC ON TRACK TO BECOME SIGNIFICANT MID-TIER PRODUCER

A positive definitive feasibility study puts the Bardoc project on track to pour first gold in the December 2022 quarter, enabling West Australian explorer Bardoc Gold to make the transition to mid-tier producer and significant new gold sector player in the North Kalgoorlie region.

WONMUNNA DRIVES MINERAL RESOURCES TOWARDS ITS NEXT STAGE OF IRON ORE GROWTH

It’s taken West Australian company Mineral Resources just five months from breaking first ground to producing iron ore at its 100%-owned Wonmunna project, achieving the next step in the growth of its Utah Point Hub operations in the Pilbara region.

VITAL METALS SET FOR MINING START ON CANADIAN FIRST RARE EARTHS PRODUCER

Strong support from existing and new institutional investors has raised $A43M to allow Vital Metals to begin production at its Nechalacho rare earths project in Canada’s Northwest Territories in the June quarter.

PERPETUAL RESOURCES TARGETS 2021 FUNDING GO-AHEAD FOR NEW WA SILICA SANDS PROJECT

Australian silica sands project developer Perpetual Resources has underlined the potential of its Beharra project in WA’s Mid West to become the pre-eminent regional supplier of high-quality, low-impurity products to the growing Asia Pacific market.

TURQUOISE HILL CEO QUITS UNDER PRESSURE FROM RIO TINTO OVER OYU TOLGOI FUNDING DISPUTE

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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Breaks - ONE-CLICK INSTANT NEWS ...

Published: 31 Aug, 2021, Relevance: 1

WELCOME TO MiningBusiness.net’s UNIQUE WORLD MINING NEWS SERVICE.
 

  • SCROLL DOWN THE MINING BREAKS COLUMN FOR BREAKING NEWS FROM AROUND THE GLOBE ANY TIME

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Broker - START THE WEEK: COMMODITIES (July 30, 2021)

Published: 2 Aug, 2021, Relevance: 1

LME ($US), Jul 30 –
Aluminium 2,624.00
Copper 9,747.50
Zinc 3,039.00
Nickel 19,892.00
Lead 2,424.00
Tin 35,965.00
Cobalt 52,425.00
Gold 1,814.20
Silver 25.480

COMEX ($US), Jul 30 -
Gold 1,817.20
Silver 25.547
Copper 4.4825
Platinum 1,048.40
Palladium 2,656.20

LBMA price data ($US), pm Jul 30 –
Gold 1,825.750
Silver 25.490
Platinum 1,044.000
Palladium 2,658.000...

Broker - START THE WEEK: CALENDAR (Aug 2, 2021)

Published: 2 Aug, 2021, Relevance: 1

Conferences -
Aug 2-4: Diggers & Dealers, Kalgoorlie (Australia)

Companies -
Aug 5: SSR Mining Q2, Denver (USA)
Aug 5: Glencore HY Financials, Baar (Switzerland)

Public holidays -
Aug 2: Canada (Provincial Observances)
Aug 2: Guyana (Emancipation Day Observance)
Aug 2: Iceland (Commerce Day)
Aug 2: Ireland, Scotland (Bank Holiday)
Aug 2: North Macedonia (Republic Day)
Aug 2: Zambia (Farmers Day)
...

Breaks - TALKING POINT: DIGGERS FORUM SUCCESS REFLECTS THE STRENGTHS OF ITS KALGOORLIE VENUE

Published: 2 Aug, 2021, Relevance: 1

START THE WEEK: WHAT YOU NEED TO KNOW
Like the city that has been its home for 30 years, Australia’s annual Diggers and Dealers mining forum in Kalgoorlie this week has survived due to the resilience and commitment of its organisers and the industry that it celebrates.
The 2021 event has attracted close to 2,500 delegates, in the ballpark with some of its biggest years, despite the international and interstate travel restrictions and lockdowns that have...

Breaks - VALE: HIGHER IRON ORE OUTPUT, PRICES FIRE EBITDA

Published: 1 Aug, 2021, Relevance: 1

With its iron ore production capacity clawing back to 330Mtpa from the shutdowns and suspensions triggered by the 2019 Brumadinho tragedy, global mining giant Vale has posted record proforma adjusted EBITDA of $US11.24B for the June qtr (Q2FY2021), up from $8.47B in the previous period.
The result was driven more by higher realised prices for iron ore and pellets than volumes, which were offset by higher costs for freight, maintenance and services....

Breaks - SALT LAKE POTASH: RAMP-UP DELAYS FORCE FY22 GUIDANCE CUT

Published: 1 Aug, 2021, Relevance: 1

New producer Salt Lake Potash has halved production guidance and is seeking more funding after striking commissioning issues at the newly completed process plant at its flagship Lake Way SOP project in Wiluna, Western Australia.
Its new sulphate of potash production target for the year to June 2022 of 85,000-105,000t, down from 165,000-185,000t, allows for a suspension of plant feed for up to 14 weeks following an initial processing campaign to produce...

Billboard - CLOSED BORDERS CAN’T STOP KALGOORLIE’S RESILIENT ANNUAL MINING FORUM

Published: 1 Aug, 2021, Relevance: 1

In the 30 years since it was established by a small group of Western Australian mining sector heroes, the annual Diggers and Dealers mining forum has survived every challenge thrown at it by fate, by gyrating economic cycles, by jealous competitors and by rampaging viruses.
Like Kalgoorlie, the iconic goldmining centre that is its host, Diggers’ success is a testament to the resilience and commitment of its organisers and the industry it celebrates.
...

Breaks - MINERAL RES: RED HILL DEAL TO ADVANCE PILBARA STRATEGY- Update

Published: 30 Jul, 2021, Relevance: 1

West Australian company Mineral Resources has again expanded its iron ore assets with agreement to acquire a 40% stake in the Red Hill Iron Ore JV, a mineral resource of 820Mt @ 56.44% Fe in the West Pilbara region.
MRL will pay explorer Red Hill Iron $400M in staged cash payments and 0.75% royalty on future iron ore sales for its 40% interest in the project. The remaining 60% of the JV is held by Baosteel...

Breaks - ENCOUNTER RESOURCES: IPO PLAN FOR TANAMI GOLD PROJECT

Published: 30 Jul, 2021, Relevance: 1

Australian copper explorer Encounter Resources has joined the rush to take advantage of strong market interest in new floats, announcing plans to demerge its 100%-owned West Tanami gold project in WA through an IPO of its subsidiary Hamelin Gold.
The West Tanami project covers 2,275sqkm of an emerging but significantly under-explored gold province. Hamelin’s listing is expected to occur in the Dec 2021 qtr.
MD Will Robinson says...

Breaks - ZIMPLATS HOLDINGS: ZIMBABWE OUTPUT GROWS AFTER Q3 SLUMP

Published: 30 Jul, 2021, Relevance: 1

Zimbabwe platinum miner Zimplats Holdings posted June qtr (Q4FY21) total production of 153,643oz 6E, recovering from the 137,093oz in the previous period due to mine closure following a fatal wall collapse. Cash costs improved to $US655/oz ($710/oz).
Ngwarati mine, closed in Feb following the high wall collapse, reopened for production on July 1.

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Mining Billboard

Insights and analysis from leading industry commentators

CLOSED BORDERS CAN’T STOP KALGOORLIE’S RESILIENT ANNUAL MINING FORUM

(DIGGERS & DEALERS) The annual Diggers and Dealers mining forum celebrates its 30th anniversary this week thanks to extraordinary resilience and determination that reflect its venue, the rip-roaring Western Australian mining capital of Kalgoorlie.

DIRE INFRASTRUCTURE REPORT HIGHLIGHTS LACK OF ACTION ON US MINING SECTOR

(INFRASTRUCTURE) A damning report on the state of infrastructure in the United States, with critical structures being pushed to the limit and one in three bridges on interstates in need of rehabilitation or replacement, is another indictment of the lack of action by legislators that is also holding back the mining sector.

SOUTH AFRICAN MINING REINFORCES ZERO HARM TARGET IN THE FACE OF SAFETY DOWNTURN

(HEALTH AND SAFETY) Minerals Council drives renewed focus on Khumbul’ekhaya campaign strategies as South African stakeholders tackle significant drop-off from mining sector’s recent record health and safety performance.

RESOURCES MINISTER’S DEMOTION LEAVES MINING SECTOR WITHOUT A VOICE IN FEDERAL CABINET

(COMMENTARY) Political spitefulness leaves Australia’s mining sector, the source of over half the national export income, on the outer in government decision-making circles.

QUARANTINE SLIP SPOTLIGHTS AUSTRALIAN MINING SECTOR’S COVID-19 PROTOCOLS

(COMMENTARY) The strict COVID-19 protection and containment protocols adopted by the Australian minerals industry in response to the global pandemic are being tested by the detection of a positive infection that has triggered the shutdown of Newmont Australia’s Granites mine.

DEADLINE LOOMS ON BIG 3 CHALLENGE TO ADVANCE ELECTRIFIED MINE HAULAGE FLEETS

(ENVIRONMENTAL) Companies across all industry sectors willing to take up the challenge to overcome one of the major hurdles to the decarbonisation of mining fleets and tackling the climate challenge have been given an extra month to show how to overcome the significant loss of productivity caused by current stationary recharging systems.
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Mining Brokers

START THE WEEK: COMMODITIES (July 30, 2021)

    START THE WEEK: CALENDAR (Aug 2, 2021)

      START THE WEEK: COMMODITIES (July 23, 2021)

        START THE WEEK: CALENDAR (July 26, 2021)

          START THE WEEK: COMMODITIES (July 16, 2021)

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