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Less than a year after a 15-day power outage caused by massive storm damage cost it millions of dollars in delayed production, OZ Minerals has been given another reminder of the vulnerability of its Prominent Hill copper and gold mine in the remote north of South Australia after BHP threatened to terminate a grid power supply agreement between the companies.

Indonesia and Freeport-McMoRan have moved closer to a ground-breaking, mining industry affecting agreement to guarantee the future of the giant Grasberg copper/gold mine

Despite a rain-hit Q3 17, Australian gold prodn rose 2.5% to 299t in FY17, worth $16B.

More Australian exploration companies are following the lead of Canadian explorer Novo Resources - and a flood of fossickers wielding metal detectors - to join the search for a 'new Witwatersrand' in the Pilbara region of Western Australia.

Shanta Gold maintains its long-term commitment to Tanzania despite mining law changes that have increased costs at its New Luika gold mine and led it to terminate its proposed merger with Helio Resource Corp.

China Hanking's new Australian investment unit devotes a portion of its takings from the sale of the Southern Cross gold mine to take a cornerstone position backing Corazon Mining and its unique Mt Gilmore high-grade cobalt project. John Feary reports

A turnaround in global manganese markets is enabling the new owners of West Australia's Woodie Woodie mine to bring forward its revival just months after acquiring Consolidated Minerals. John Feary reports

Buenaventura near term strategy puts Conga Gold Mine on the backburner, Yanacocha Gold Mine LoM being extended and studies to expand 4 other wholly-owned operations expected Q3 17.

Pallinghurst Resources faces a challenge at its newly acquired subsidiary Gemfields due to record debt that has been swelled by the expensive takeover defence mounted by the precious stones miner's former board.

Rio Tinto is rewarding shareholders with a total $US3B payout after stronger prices across its range of commodities helped it more than double profit for the June half-year.


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