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Mining Bulletins

The full story: In-depth news and analysis

A new 2-phased approach to developing Black Iron’s high-grade Ukraine iron ore project has cut up-front construction costs giving it a 36.1% IRR and $1.6B NPV10%

A new study sees Alamos’ low production cost, $486M capex Lynn Lake project producing an initial 1.5Moz gold over 10-years, but with start-up still over 4-years away. By MBM’s North American correspondent.

Moly Mines has dropped its $53M bid for Queensland Mining’s White Ranger copper-gold project for a $51M cash bid for the company. By Mark Mentiplay

South African gold major Sibanye sees route to become a world leader in platinum production through its agreed takeover of embattled Lonmin.

Nzuri will get $10M and the support of world-leading cobalt producer Huayou Cobalt for the development of its Kalongwe copper-cobalt project in DR Congo.

Bacanora heads for March quarter approval after feasibility study supports its plans for a low-cost lithium mining project at Sonora in northern Mexico.

Glencore’s DRC copper-cobalt operations underpin the company’s belief in battery minerals and its contribution to near future profit.

Major upgrades at Orvana’s 2 operations have come at a cost with a 37% jump in gold production also offset by lower copper-silver production to double FY17 loss

Iluka has given the go-ahead for development of the Cataby mineral sands project in Western Australia after securing take-or-pay contracts for 75% of its synthetic rutile production John Feary reports

Optimised study points to higher returns and longer life from Sayona's Authier lithium mine in Quebec, Canada.

West Australian miner Doray credits optimisation works for reaching steady-state production ahead of schedule at its Deflector mine. John Feary reports

The PEA on Brio Gold’s 511,000oz Santa Luz C1 Underground operation doubles the total value of the recommissioned project, with open pit production expected to start again in mid-2018.

AngloGold and local partner Independence see 4Moz more gold production after giving the green light to increase annual output and extend the life of the Tropicana mine in Western Australia.

Newmont Mining plans to lift a reworked dividend 50% in 2018 on gold production up to a top end 5.4Moz

Preliminary scoping study results back a shallow, open cut rare earths operation at Rift Valley Resrouces’ Angolan project

Atalaya aims to lift annual production at its Proyecto Riotinto copper mine in SW Spain to 50,000-55,000tpa with the approval of preliminary works for an €80.4M plant expansion.

An initial, low cost underground mid-2019 start for Nevada Copper’s 5Blb reserves Pumpkin Hollow Copper Project has been mooted in a new study, with major expanded open pit potential

In the wake of the major restructure of the Portia Gold Mine J/V, the mine has lifted production and cut costs, albeit still high by current industry standards.

Dacian Gold awards Mt Morgans openpit mining contract to Macmahons, on track for March 2018 production at biggest new gold mine to come on stream in Australia for the last six years.

An as yet unpublished Lonmin presentation paints a continuing troubled picture for the platinum miner with more cost cuts and a recruitment freeze to join assets sales

Lundin Mining’s new 3-year production projections see 2018 copper, nickel and zinc production all down on 2017 expectations, but better longer term

PEA gives Filo Mining’s $960M South American project a $705M NPV and 23% IRR on a 13-year LoM $1.76B cash flow

Triton Minerals can see a potential mine life of over 30 years at its Ancuabe graphite project in Mozambique on the back of a major increase in its mineral resources.

RNC Mins strategy to cash in on what it sees as a rising, technology-fuelled nickel market with increased Western Australian production and new output from Dumont in Canada. BY MBM’s North American correspondent

DFS cuts initial capex/operating costs for its Western Australia rare earths project and flags late 2019 prodn start

Feasibility study backs a return to the world Top 10 for the mothballed Century zinc mine under new owners NCZ

South32 approves R4.3B life extension project at its Klipspruit mine as it decides to set up its South Africa Energy Coal operations as a stand-alone business.

Iron ore major Vale says the proposed big hike in Brazilian iron ore royalties threatens its high cost mines and hurt its ability to compete globally

Lower ore production-processing has cut Rambler Metals and Mining’s Q3 17 copper-gold prodn, increased costs and doubled its losses.

Recently formed Sibanye-Stillwater has done a R1.3B assets swap deal for an up to 50.1% stake in fellow South African gold miner DRDGOLD


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