Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Metals recovery specialist Jubilee begins to see significant results from a bold £39.5M expansion and optimisation program at its South African platinum group metals and chrome operations and Zambian copper and cobalt tailings projects.

A Spanish transport strike and continuing Covid-19 have pushed gold/copper miner Orvana Minerals from a profit to Q1 22 $5.84M loss on gold equivalent output falling to 10,600oz from 15,920oz

Q1 22 loss-to-$64M profit turnaround for miner Hudbay Mins, despite a string of problems sending all production down

Major funding and technology agreements deliver pivotal steps towards the development of Orion Minerals’ major development projects in South Africa’s Northern Cape province.

IAMGOLD out of the blocks and running with Q1 22 gold production well up and profit where there used to be loss

Indonesian-owned BUMA Australia expects to begin site work within two weeks after being awarded the coal mining services contract for Bowen Coking Coal’s planned second producing mine, the Broadmeadow East project in Queensland.

Lower SSR Mining Q1 22 production from its 4 global operations pushes profit down to $76M, the only positive performer being lead

Lundin Mining has a booming Q1 22 profit run up to $378M from Q1 21's $154M, but on global production down, with the exception of nickel

A transformational Q3 22 sees the MATSA mine in Spain join Sandfire Resources to lift copper output, with gold set to fire as the expansion locks in

Despite a substantial gold hit, global major Newmont has gone from Q4 21 loss to a Q1 22 $432M profit

COVID impacts on workforce availability and the additional disruptions of a massive rainstorm that halted road access and supplies to its flagship mine have slowed March quarter production by Australian copper and gold miner OZ Minerals.

New report flags a golden future for SolGold's Cascabel copper-gold-silver project in Ecuador, with the possibility of its LoM going out from an initial 26-years to 50-years

Rio Tinto chief executive Jakob Stausholm has re-emphasised the need to lift the global mining giant’s operational performance after a challenging first quarter of FY2022 that saw lower production of iron ore, aluminium and copper.

Australian explorer Castile Resources is advancing its strategy of extracting maximum value of each tonne of ore mined with the addition of a new 933,000t magnetite resource at its polymetallic Rover 1 project in the NT.

Black Cat Syndicate’s ambitions to become a mid-tier Western Australian gold producer rest on a four-year schedule for development and mining its portfolio of three high-grade mines in the state’s Eastern Goldfields, Eastern Pilbara and Tanami regions. John Feary reports

US agency offers $107M loan funding under Biden critical minerals strategy to back lithium miner-processor Syrah Resources’ vertically integrated battery metal facility in Louisiana.

Poor weather through the March quarter has limited production and shipping volumes at Kenmare Resources’ Moma titanium minerals mine in Mozambique, but the world-leading mineral sands producer is confident better weather will keep it on track through FY2022.

Confirmation of up to $160M in financial assistance from the Northern Australia Infrastructure Facility supports plans by Sheffield Resources and 50-50 joint venture partner Yansteel to finalise project funding in the September quarter for development of the Thunderbird mineral sands project on WA’s Dampier Peninsula. John Feary reports

South African coal producer MC Mining is targeting the finalisation of financing arrangements and start of construction in 2022 based on a positive BFS for its 68%-owned Makhado hard coking and export-quality thermal coal mine.

Northern Star sells its Paulsens Gold Operation and Western Tanami Gold Project, both in Western Australia, to the Black Cat Syndicate for $44.5M in cash/scrip

Offtake and strategic collaboration agreement with Ford Motor Co further de-risks clean lithium developer Lake Resources’ development of the 50,000tpa Kachi lithium brine project in Argentina’s Lithium Triangle and advances its ambitious Target 100 multi-mine strategy.

Kenmare Resources posts a range of records for FY/CY 21 topped by an after tax net profit up $128.5M from $16.7M

Surging global demand for lithium for electric vehicles and appliances has seen leading Australian producer Mineral Resources convince its joint venture partners to accelerate the expansion of its two spodumene concentrate operations in WA. John Feary reports

Iluka Resources has approved a $A1B-plus refinery development at its Eneabba operation in Western Australia that is slated to become a sustainable, secure and globally competitive source of separated rare earth oxides. John Feary reports

A new prefeasibility study has outlined a revised development strategy that may end the long delay at Grange Resources’ 70%-owned Southdown magnetite mine in Western Australia. John Feary reports

Chilean copper giant Antofagasta will accept $US900M as compensation for its withdrawal from a multilateral agreement to end the 11-year-old lockdown of one of the world’s largest undeveloped copper-gold deposits, the Reko Diq project in Pakistan.

International metallurgical engineer SMS has effectively acknowledged that local knowledge is the key to mastering the supply chain, logistics and costs challenges of the pandemic-afflicted global economy, approving a revised development strategy for Australia’s potential world-class Mount Peake critical and battery metals project.

Rio Tinto launches a $US2.7B cash bid to take a direct 66% stake in the massive Oyu Tolgoi copper-gold project in the Gobi Desert to strengthen its copper portfolio and establishing a simpler and more efficient partnership structure with the Mongolian government.

AngloAmerican turns in a record financial Dec 2021 year with profit up to $8.56B from $2.08B, EBITDA 111% better to a record $20.6B and overall revenue up 63% to $41.55B

Repercussions of Russia’s military bastardry halt Ukraine mines while companies across the border fear becoming the inadvertent victims of global sanctions against the aggressor.


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