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After a decline in March quarter performance, Australian miner Northern Star confident the Pogo project in Alaska will provide the bounce it needs to achieve its record production target for the coming period.
Big iron ore pellet producer Ferrexpo’s FY18 profit has fallen 15% on higher prodn and costs, but with new higher targets set for 2021 and beyond
New Nevada Copper PFS flags a $1.5B stand-alone Pumpkin Hollow open pit mine generating nearly $9B of copper revenue over initial 19-years. Separate underground production by year-end.
Russian gold/silver major Polymetal Int’l has seen all commodities Q1 19 production down, cutting revenue by $198M to $454M.
DFS sees Core Lithium’s low cost, $114M NPV Finniss Lithium Project generating $158M free cash/$500M+ revenue over 3.5-years starting H1 2020
A range of issues has seen all metals production from Evolution Mining’s Australian operations fall in Q1 19, with cash costs up. By Mark Mentiplay
The DFS for Strandline Resources’ world-class Coburn mineral sands project in WA estimates $3.8B revenue over 22.5-years, with 1st ore after an 18-months construct duration. By Mark Mentiplay
An unplanned plant shutdown, lower recoveries have severely cut Amerigo Resources’ Q1 19 copper production, forcing it to cut FY/CY2019 expectations
Lender sends West Australian mineral sands producer MZI Resources into administration seeking a recapitalisation or a buyer for Keysbrook, the world’s largest high-grade leucoxene producer.
Despite record Cusi Q1 19 throughput taking some of the pain out of the now concluded Yauricocha mine strike, it couldn’t keep Sierra Metals’ production levels above Q4 18.
Yamana Gold shareholders can expect a 100% annual dividend increase on completion of the company’s $1B+ sale of its Chapada mine in Brazil
Rio Tinto sticks with engineer WorleyParsons as EPCM contractor with the target of developing the world’s first ‘intelligent mine’ at its 43Mtpa Koodaideri project in Western Australia’s Pilbara region. John Feary reports
A bundle of new, improved numbers and resources/reserves have combined to increase gold prodn and cut costs at Regis Resources’ new Rosemount underground operation. By Mark Mentiplay
Lower gold equiv production and resultant FY/CY18 profit are already set to be improved on with new mines and a LoM extension for another
Oz Minerals is looking to year-end Carrapateena prodn to offset the downward copper-gold trend set in a declining Q1 19
The $77.6M Naraha Lithium Hydroxide plant in Japan is expected to begin commissioning in 2021 after final investment decision. By Mark Mentiplay
A FY/CY18 $22.4M loss and the Q1 19 closure of its 2 sole sources of income has Patagonia Gold looking to the rapid development of a new potential 75,000oz pa project and another underground
Gold equiv production jump to a record 19,780oz with 120,000oz pa flagged from new expansion plan
Perseus Mining $150M development deal to start work on its Yaoure Gold Mine in Côte d’Ivoire later this month and 500,000oz pa from 2022. By Mark Mentiplay
Goldcorp’s shareholders have OK’d the creation of the world’s largest gold miner via the company $10B acquisition by Newmont
(SOVEREIGN RIGHTS) Partnership with majority state-owned miner JSW remains a likely outcome for Australian would-be coal developer Prairie Mines as it fights Polish bureaucracy and courts against threats to its rights over two potential world-class mines.
(PROCESSING) Rare earths miner/processor Lynas Corporation proposes new cracking and leaching processing plant close to its Mt Weld rare earths mine in Western Australia to counter Malaysian PM Mahathir Mohamad’s demand to prevent imports of radioactive materials.
(COMMENTARY) Veteran mining journalist, author and commentator Ross Louthean assesses Sipa Resources, an Australian explorer that stands out among the penny dreadfuls of the Australian marketplace.
(CORPORATE STRATEGY) Arc Exploration aims to build itself as a mid-tier copper producer after reaching agreement to acquire privateer Cyprium Australia and its option agreement over a 39,000t contained copper resource and significant exploration potential at Cue in WA.
(TECHNOLOGY) St Barbara feasibility study rejects hydraulic hoisting options and will stick with an optimised truck-haulage system for the planned extension of mining at its Gwalia mine below 2,000m. John Feary reports
(EXPLORATION) There are no alligators in the Athabasca Basin, just as there aren’t in the Alligator River (they’re crocodiles). But there’s growing realisation that the huge wilderness area in the Arnhem Land region of Australia’s Northern Territory shares another characteristic with the Athabasca Basin region in northern Saskatchewan, Canada – monster uranium deposits.
