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Orion Minerals’ bankable feasibility study confirms strong economics for a new long-life, high-margin copper and zinc operation in the footprint of South Africa’s historic Prieska mine.
Australian mining contractor Macmahon is confident it can compete more strongly for work across the openpit and underground areas through its planned acquisition of specialist contractor GBF.
South Australian project developer Havilah Resources continues to explore upside scenarios for its flagship Kalkaroo project ahead of a prefeasibility study update.
WA miner Ramelius Resources sets out five-year plan to produce over 1Moz gold despite six-month delay in land clearance approval for its Greenfinch openpit development.
Saracen’s comeback success in its quest for the Bundarra resource also delivers a significant return for international resources investor Zeta Resources. John Feary reports
The Australian arm of Indian energy giant Adani expects to start construction work almost immediately after finally winning the final state government approval for its 10Mtpa first stage Carmichael thermal coal mine.
The mining services contract at Newcrest Mining’s Telfer gold mine that triggered a financial crisis for leading Australian contractor Macmahon two years ago has come back to bite it again, with warnings of significant impairment costs if the parties can’t agree to renegotiate the charges. John Feary reports
Troubles associated with the cost-cutting switch to contract mining at Avesoro’s 2 W African operations has forced the company to cut FY19 gold guidance and increase costs
Hecla Mining’s non-performing Nevada, US, assets will bear the brunt of a $25M cost cutting purge across all the company’s operations. By MBM’s North American correspondent
Canadian miner RNC follows up its Father’s Day Vein bonanza with a second major discovery of coarse gold mineralisation at the Beta Hunt mine in Western Australia.
Dacian Gold has flagged a potential “change of control transaction” after a strife-hit Q4 19 at Mt Morgans has forced the company to again cut FY19 production from 180,000oz to 136,000oz-143,000oz. By Mark Mentiplay
WA miner Gascoyne Resources appoints voluntary administrators after review that pointed to a lower-grade future for its struggling Dalgaranga gold mine. John Feary reports
Junior (30%) JV partner Argonaut Resources has fired up after Aeris Resources halted the long-awaited first stage drilling program on their giant Torrens IOCG project with only 20-25% of the planned work completed.
Early indications from Hummingbird’s new Yanfolila LoM plan show a 1st 3-years rise in gold output and consequent recovery from FY/CY18’s $12.8M loss
An array of issues, led by a €250M tax bill, lower copper-silver-gold prodn and higher costs, have seen Nyrstar fall from a FY/CY17 profit to a FY/CY18 €618M loss
Major shareholder IMC Group offers a $20M working capital lifeline as WA miner Millennium Minerals works to remedy Nullagine production shortfall. John Feary reports
Codelco internal forecast sees 40% prodn fall from its huge Chuquicamata Copper Mine in Chile over the next 2-years as it moves underground
The PFS for Talga Resources’ Vittangi graphite project in Sweden points to early revenue from a low-cost first stage development plus NPV of over $US1B for the full-scale operation.
Hard on the heels of a big resource increase and a new off-take agreement, Mincor Resources has signed $9.5M deal to buy the 32,000t nickel resource Long Nickel mine to accelerate its Kambalda nickel restart strategy. By Mark Mentiplay
Barrick Gold acquiesces Tanzanian government demands to exclude management of Acacia Mining from negotiations to end their damaging stand-off with the regime of President John Magufuli, proposing a hostile share-swap takeover of its subsidiary.
(MERGERS & ACQUISITIONS) Acacia Mining claims parent Barrick Gold’s uninvited intervention in its dispute with the Tanzanian government has made the situation worse, rather than better – but affirms it will support a fairly priced privatisation move.
Chile will announce imminent new plans to double lithium carbonate output by 2023 to at least maintain its share of global production
Australia and Canada have yet to respond to US claims of a joint effort to offset reliance on key Chinese resources
Vedanta to fight the appointment of a liquidator and winding up of its majority-owned Konkola Copper Mines’ operations in Zambia without Vedanta’s own lawyers being involved
(LITIGATION) Ecuador’s Constitutional Court set to rule in two weeks on petition for anti-mining vote threat to SolGold’s $10B Cascabel.
(INVESTMENT) International miners respond to ethical investment groups’ push for more detailed reporting and active management of tailings dams in the aftermath of the Samarco and Brumadinho mine disasters in Brazil.
