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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
While remaining bullish on nickel, Brazilian mining major Vale is looking to offload its troubled New Caledonia nickel operation by the middle of next year.
An initial 45,500oz gold over a near 4-year life has been outlined for Resources and Energy’s MacKenzie Au-Ag project, with a later expansion already under consideration
Australian-based Axiom Mining claims Solomons government has no legal right to demand fines or confiscate passports in the battle over rights to one of the Pacific region’s potentially greatest nickel projects.
Endeavour Mining has revealed details of its merger/takeover plan for fellow gold miner Centamin, valued at around $C2.5B. Centamin has rejected the offer.
Endeavour Mining has revealed details of its merger/takeover plan for fellow gold miner Centamin, valued at around $C2.5B
The outlook through 2024 for world gold major Newmont Goldcorp is good, with momentum maintained by increased production and lower costs
Miner Troy Resources is taking advantage of an ill-considered Guyana government shutdown order to demand progress on overdue mining permits and import restrictions before it resumes operations at its suspended Karouni mine.
A scoping study that exceeded expectations has prompted Allegiance Coal to being forward plans to complete the acquisition and restore production at the long-mothballed New Elk metallurgical coal mine in SE Colorado, USA.
World No 2 iron ore producer Rio Tinto aims to sustain output of its flagship Pilbara Blend product through a $749M investment program to facilitate the mining of existing and new deposits at its Western Turner Syncline Phase 2 mine.
Evolution Mining has launched a $625 plan to buy Newmont Goldcorp’s Red Lake gold operation in Canada and make it a cornerstone asset. By Mark Mentiplay
Scoping study identifies a robust stand-alone development option for Canyon Resources’ Minim Martap bauxite project in Cameroon, as the initial step towards a prefeasibility study due next year on a two-stage larger project.
US-focused explorer Eagle Mountain Mining is ready to go ahead with a potentially transformational acquisition after gaining court approval for its $6.4M acquisition of the long-idled Oracle Ridge copper mine in Arizona.
West Australian company Mineral Resources, having built its reputation as a developer of stranded or undervalued assets, is targeting a long-term 11Mtpa iron ore operation under a new strategy for its Yilgarn operations in the state’s south.
Scoping study shows Adriatic Metals will need another $180M to get its $178M Vareš polymetallic project into production by targeted mid-2022
Lithium producer Galaxy Resources is slowing production at its operating Mt Cattlin mine and reformatting the development plans for its Sal de Vida brine operation in Argentina as another victim of lithium’s slow customer uptake and falling prices. John Feary reports
Rio Tinto’s copper giant Kennecott signs $30M earn-in deal to follow up the Alderan Resources vision of a major copper opportunity by combining old-time copper mines in the Frisco Mineral System of Utah, USA.
Australian miner Independence Group is demanding immediate access for due diligence work after its takeover target Panoramic Resources disclosed the woeful performance of its Savannah nickel mine and its deteriorating financial position. John Feary reports
(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
(MANAGEMENT) Australian diversified miner Metals X has called a halt to its valiant campaign that sought to make a silky smooth copper producer out of a sow’s ear of a mine.
(INDUSTRIAL RELATIONS) South Africa’s major platinum producers have averted fears of a repeat of the disruptive strikes of five years ago with the signing of new three-year wage settlements with their representative unions.
