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Mining Bulletins

The full story: In-depth news and analysis

Privately-owned, 3-year-old explorer Vitrinite has outlined 194Mt of new coal resources in Queensland, Australia’s Bowen Basin. By Mark Mentiplay

The DRC Govt will re-introduce a new revenue raising mining code this week after the 1st attempt was thwarted by mining companies and lower commodity prices

Facing cash-flow problems after its CEO and CFO were fired amidst an on-going financial scandal, Asa Resource Group is hanging on with gold prodn down, but nickel up

Investor Pallinghurst Resources launches all-scrip bid to bring now valued £212M gemstone producer Gemfields into the fold.

First Quantum Minerals’ big Cobra Panama Copper Project is knocking over the milestones on its road to commissioning next year

UK company Stratex International has signed a non-binding heads of agreement for an all-scrip takeover of Brazilian-focused explorer Crusader Resources, aiming to form a mid-tier international miner with substantial cash reserves and projects in Brazil, Africa and Turkey.

Champion Iron lines up $40M financing and 3Mtpa off-take to support its plans to resume commercial operations at the Bloom Lake iron ore mine in Canada's Labrador Trough.

Central Rand Gold has bought industrial peace at its South African operations by promising workers a bonus, but its continuing financial crisis has the miner contemplating the sale of its working assets.

Gran Colombia still has up to 160,000oz gold in its FY/CY17 sights after Q1 17 production slip along with increased costs

A successful Q1 17 sees Roxgold on target for up to 115,000oz in FY/CY17 from its new Burkina Faso gold mine

PFS sees new high-grade, high-margin, initial 211,000oz Rothsay gold project for Egan Street Resources kicking off in mid-2018. By Mark Mentiplay

International gold miner Eldorado Gold has launched a $590M bid for developer/explorer Integra Gold and its advanced Lamaque Gold Project in Canada

3 more majors have joined the secret negotiations for BHP Billiton’s 77.000tpa Cerro Colorado copper mine in Chile, sources claim

New expansion plan for Lundin Mining’s Neves-Corvo zinc mine in Portugal to more than double production out to 2030.

Newcrest expects to restart production at its Cadia East underground mine in the September quarter once it has completed rehabilitation and upgrades to ground support areas after a seismic tremor halted operations in April.

Directors of Central Rand Gold find themselves in the dark about their company's deepening plight after strikers deny management access to their Johannesburg headquarters.

Beadell Resources gives the go-ahead after a positive feasibility study for Tucano gold project updates described by CEO-MD Simon Jackson as "the foundation of the future".

Strengthening operations at its 3 producing mines and better prices has seen Mandalay Resources slashed Q1 17 loss

Triton Minerals aims for late 2017 completion of a feasibility study after positive scoping study for Ancuabe graphite project in Mozambique.

Louis Dreyfus off-take deal for initial zinc, copper and lead concentrates supports pre-financing negotiations for Heron Resources' Woodlawn development.

A 36% increase in mineral reserves and lower operating costs resulting from its transition from contracting to owner-operation promise a longer, more profitable life for Brio Gold's Riacho dos Machados mine in Brazil.

The newly appointed Philippines environment minister has begun looking into recent mine closure orders and bans with a belief that neither mining or environmental requirements are mutually exclusive

AngloGold Ashanti is relying on the success of measures to tackle underperformance at its South African mines to keep it on guidance after a poor start to 2017.

Australian mining contractor Macmahon has signed a binding agreement on the ambitious alliance plan that will see Indonesia's PT Amman Mineral Nusa Tenggara become its major client and largest shareholder. John Feary reports

Expansion study sees a 200,000oz+ pa gold operation rising from Blackham Resources’ new Western Australian operation via a 2-stage development. By Mark Mentiplay

FYI Resources reaches agreement to take up the development of a vertically integrated West Australian high purity alumina project alongside its Laotian potash project.

Strategic Minerals plans to expand its exploration in Australia after buying out its joint venture partner in Central Australian Rare Earths and tenements prospective for cobalt, gold, nickel sulphides and rare earths. John Feary reports

Australian treasurer backs BHP Billiton desire to keep its dual ASX/LSX listings in the face of US shareholder push

Production dictated Q1 17 sees Sibanye’s gold division operating profit more than halved to $73.2, but platinum more than doubled to $18.2M.

Global gold major Kinross Gold posts $134.6M Q1 17 profit turnaround from previous loss, despite gold equivalent prodn fall. By MBM’s North American correspondent

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