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Mandalay Resources is expecting a big improvement in FY2020 gold production after an Aussie-led fall in FY19
World iron ore leader Rio Tinto predicts 3% increase in Pilbara shipments after first-half weather and operational challenges restrict FY2019 production.
IAMGOLD sees some new light after FY19 gold prodn fall to 762,000oz, with 2020 expecting about the same, but 2021 hoping for the top end of 760,000oz-840,000oz
Specialist Australian resources-focused private equity group EMR Capital has added a third Queensland mine to its international portfolio of eight major mines and projects with its up to $A300M acquisition of the Ravenswood gold mine in north Queensland from Resolute Mining.
After a disappointing 2019, Resolute Mining is ready to cash in on strong production growth, lower operating costs and reduced capital demands in the coming 12 months. John Feary reports
Consolidated Zinc admits it has been blindsided by the launching of complex legal proceedings launched by contractor Ganti over the termination of its mining contract at the Plomosas zinc-lead-silver mine in northern Mexico.
Big German engineer Siemens says that while it will honour its contract to participate in the Adani Group’s controversial Carmichael thermal coal project in Australia, it should have been wiser at the outset.
Australian miner Evolution has drastically worsened production and cost forecasts at its Mt Carlton gold mine in North Queensland after drilling significantly reduced ore resources it had expected to be mining over the next six months.
The long wait for funding is over, with the finalisation of a €52M structured loan facility allowing Gulf Manganese to complete development of the first two smelters at its Kupang Smelting Hub project in the West Timor province of Indonesia.
Australian-based miner Mineral Commodities advances a vertically integrated strategy supplying graphite concentrate to key battery markets through its Munglinup project in Western Australia and Skaland project in Norway. John Feary reports
Resources expects to name the preferred underground mining contractor for its Savannah nickel project in Western Australia after identifying the switch from owner mining as a key to overcome the equipment reliability issues that have dogged the mine over the past year. John Feary reports
The conclusion of the $800M sale of Western Australia’s big super pit gold project has taken Newmont to the top of its 2019 $1.5B cash target
A media statement by a neighbour and rival mining company spells more trouble for Australian-based Prairie Mining in its dispute with the Polish government over its two coal development projects.
Australian gold miner Northern Star Resources is set to make the leap to the 1Moz annual production level with its $800M deal to take management control of the Kalgoorlie Super Pit in WA, making up an all-local ownership team with Saracen Mineral Holdings. John Feary reports
Equinox Gold has launched a $580M all-share bid for fellow Canadian gold miner Leagold that’s targeting an average 1Moz pa during 2021
Weekend merger talks follow gold-miner Centamin’s rejection of a $1.9B all-scrip takeover bid from Endeavour Mining
Challenges keep mounting for African Mining Services with the termination of its ongoing surface mining, load and haul contract at the Nsuta manganese mine in Ghana forcing a 16% cut in its FY20 net profit forecast.
Tasman Mining is looking for more cash after securing $15M from the NZ Govt to restart the 695,000oz Blackwater Gold Project on NZ’s South Island. By Mark Mentiplay
Widespread flood-generated power cuts are shutting down mining operations across South Africa
In another big sale, Barrick Gold and its J/V partner are selling 90% of their Senegalese gold project to Teranga Gold for up to $US430M
(DEVELOPMENT) JV partners Ntsimbintle Mining and Jupiter Mines will begin feasibility studies following positive base case scoping study outcome for expansion of South Africa’s largest manganese mine.
(COMMENTARY) Coal faces a perfect storm with public opposition continuing to grow, many countries mulling stronger climate and environmental policies, and renewables and natural gas becoming more competitive, but the International Energy Agency says it’s too early to suggest it’s the start of a lasting trend.
(COMMENTARY) Renowned mining journalist, author and commentator Ross Louthean reports on the end of a feud at Broken Hill, the historic home of many of Australia’s most colourful mining characters and events – the belated resolution of the confrontation between the partners in the Thackaringa cobalt prospect.
(DOWNSTREAM) The long mining and processing history of the Australian outback city of Kalgoorlie nears a new step with the selection of a development site for a major rare earths downstream facility by Lynas Corporation alongside a proposed lithium hydroxide project.
Analyst flags Dec 2019 qtr Australian gold output rise after Sept qtr fall as local gold mine control doubles to 60% from 2002
(ENGINEERING) Australian engineer NRW is set for a significant step up in the range, geographical spread and scale of its operations with the $310M agreement to acquire BGC Contracting, the national mining and construction arm of the giant private business left by WA entrepreneur Len Buckeridge. John Feary reports
