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The long-awaited reopening of the Dartbrook coal mine in the Hunter Valley remains in doubt while Australian Pacific Coal assesses its chances of appealing against the refusal by the NSW Independent Planning Commission to allow a 5-year life extension.
Although the IPC approved underground mining operations until Dec 2022, AQC says the cost of recommissioning the mine after 13 years in care and maintenance could not be justified without the 5-year life...
New Century Resources is on schedule and budget for the ramp-up to its 12Mtpa production target at its Century zinc project at Lawn Hill in N Qld, Australia in the current financial year with the aid of improved metallurgical performance from a plant upgrade.
With production rising over 30% from May through Aug, New Century expects to achieve mid-range guidance of 23,000-29,000t zinc metal at C1 costs of $US0.95-1.07/lb for the Sept qtr...
The deployment next month of the first of 41 Komatsu 930E-5 ultra-class haul trucks equipped for autonomous operations at BHP's $US4.6B South Flank iron ore mine development in the Pilbara region of Western Australia marks a new stage in autonomous technology in world mining.
Even the decision to acquire Komatsu haul trucks for one of its Pilbara iron ore operations is a first for BHP Iron Ore, which has favoured chief...
Disappointing production from its Canada and US operations has seen Americas precious metals miner McEwen Mining cut Dec 2019 year (FY/CY19) gold equiv production from its 4 producers to 169,000oz-176,000oz AuEq from 190,000oz.
Total gold output has now been reduced to 131,000oz-138,000oz from 152,000oz. with silver steady at 3.22Moz.
Black Fox, in Canada’s Timmins gold district, has been hit by slower than planned...
Nickel ore output in the Philippines, the world’s leading producer, rose 3% in the June 2019 half, despite output being capped with 16 of the country’s 31 nickel mines closed for maintenance/environmental reasons, Reuters reports.
The country produced 11.31M dry metric tonnes of nickel in H1 19 from 11.01Mt in H1 18, with most of it going to top buyer China, Mines and Geosciences Bureau (MGB) numbers show. Last year,...
Russian gold miner Petropavlovsk has had an excellent June 2019 half (H1 19), with revenues/profit up, cash costs/AISC down and the big investment in developing its ramping Pokrovskiy Pressure Oxidation (POX) Hub process over the past decade paying off.
The bottom line was a $US54M loss-to-profit turnaround to a $US14M net profit from H1 18’s $40M loss.
| NEW POX HUB FIRES... |
Bulletin - NEW POX HUB FIRES PETROPAVLOVSK H1 19 PROFIT
Russian gold miner Petropavlovsk has had an excellent June 2019 half (H1 19), with revenues/profit up, cash costs/AISC down and the big investment in developing its ramping Pokrovskiy Pressure Oxidation (POX) Hub process over the past decade paying off.
The bottom line was a $US54M loss-to-profit turnaround to a $US14M net profit from H1 18’s $40M loss, which includes a net $38M of other finance gains and an increase in interest expense of $14M. The...
Billionaire Canadian investor Eric Sprott has signed up for an initial $US20M, 40% stake in Americas Gold and Silver’s producing Galena silver complex in the Silver Valley of NW Idaho, US.
| $20M SPROTT BUY INTO GALENA SILVER MINE READ THE FULL STORY IN BULLETIN. ... |
Bulletin - $20M SPROTT BUY INTO GALENA SILVER MINE
TORONTO, Sept 10 -- Billionaire Canadian investor Eric Sprott has signed up for an initial $US20M, 40% stake in Americas Gold and Silver’s producing Galena silver complex in the Silver Valley of NW Idaho, US.
The strategic J/V will allow Americas to increase development, modernize infrastructure, purchase new mining equipment and target exploration below current operating areas over the next 2-years. Effective Oct 1,...