Search
Global miner Nornickel has reiterated its FY2020 production guidance despite declines in each of its major commodities in the June half-year.
H1 total nickel output decreased to 108,000t, 2% lower than a year earlier, attributed to hot commissioning of a refining shop using new chlorine leaching technology at its Kola MMC operation in Russia.
Lower production at Kola MMC due to unfavourable weather conditions affecting smelter operations...
Its Faberge retail outlets have reopened in London, Houston, Dubai and Kiev but coloured gemstones miner/retailer Gemfields is seeking more funding to survive continuing COVID-19 restrictions at its Montepuez ruby mine and Kagem emerald mine.
Gemfields expects mining suspensions to last at Montepuez in Mozambique at least until end-Sept and at Kagem in Zambia until end-Oct.
Gemfield’s net cash has plummeted to $US9.3M at June 30,...
Orion Minerals has been given more time by South African institutional investor Anglo American sefa Mining Fund to repay the ZAR14.25M loan facility for development of its Prieska copper-zinc mine in Northern Cape province.
The loan from AASMF, a joint initiative of investor Anglo American Zimele and the government-owned Small Enterprise Finance Agency, was due for repayment on July 31 but has now been extended to April 30, 2021. The...
Canadian-based Alphamin Resources has lifted its ownership of the Bisie tin mine in DR Congo to 84.14%, at the same time appointing South African engineer Obsideo as EPCM contractor for the $US4.6M construction of a Multi Gravity Separators unit to recover fine/ultra-fine tin particles from gravity concentration plant tailings.
Alphamin has built Bisie’s production rate to about 11,000tpa by lifting June qtr (Q2) output...
The recently acquired Atlantic Gold operation in Canada has been the driving force behind St Barbara’s June 2020 year (FY 20) gold production jump to 381,887oz from FY19’s 362,000oz, albeit with AISC also up to $A1,369oz from 1,036oz and gold sales to 381,000oz from 368,000oz at an average realised gold price leaping to $A2,127oz from $1,762oz.
The maintenance of continuous operations, despite the COVID-19 pandemic, saw...
Nex Metals is set to restart a trial of processing at its Kookynie Tailings Research project in Western Australia, with equipment and site infrastructure now being sourced and experienced consultant Chris Burns appointed to manage the operation.
Mobilisation to the site 200km N of Kalgoorlie is expected to start within four weeks, with processing of two 10,000t parcels commencing soon after.
The trial will focus primarily on the fifth of the six...
Great Southern Mining has come up with some high grade gold intersections from drilling the historic Cox’ Find area, 70km N of Laverton, Western Australia, topped by a bonanza 1.1m @ 404g/t from 164.6m within a 5.65m intersection at 80g/t from 160.05m.
The company says the intersection correlates to the geological model for its Cox’ Find Gold Project and is interpreted to be the main lode extension that produced about 77,000oz at a head...
The ability to achieve production guidance despite bushfire and coronavirus challenges has enabled West Australian miner IGO to lift its revenue for the June year (FY20) to $A892.4M, up from $729.9M a year earlier.
Underlying EBITDA reached $459.6M (FY219: $340.7M) and after-tax profit to $155.1M ($76.1M). Underlying free cash-flow rose to $310.8M ($277.6M), enabling the company to end the year with net cash of $453.2M ($262.5M).
MD-CEO Peter...
Despite a COVID-19 pandemic production ramp-down/ramp-up, Australia-based Champion Iron has made record net income of $C75.6M for the June 2020 qtr (Q1 21) from Q4 20’s $18.35M.
The bottom line came on iron ore concentrate production from the 100%-owned Bloom Lake iron ore mine in the S Labrador Trough, Canada, falling to 1.79Mt (wmt) from 1.89Mt and iron ore conc sold down to 1.75Mt (dmt) from 1.88Mt, but with the average realized...
Despite a COVID-19 pandemic production ramp-down/ramp-up, Australia-based Champion Iron has made record net income of $C75.6M for the June 2020 qtr (Q1 21) from Q4 20’s $18.35M.
The bottom line came on iron ore concentrate production from the 100%-owned Bloom Lake iron ore mine in the S Labrador Trough, Canada, falling to 1.79Mt (wmt) from 1.89Mt and iron ore conc sold down to 1.75Mt (dmt) from 1.88Mt, but with the average realized...