Mining Bulletin

The full story: In-depth news and analysis

You are here

Mining Bulletins

The full story: In-depth news and analysis

Acacia Mining is suffering revenue losses averaging over $1M a day as it looks for a way out of the Tanzanian government's sudden ban on exports of copper-gold concentrate from two of its three mines in the country.

Striking Escondida copper workers opt for existing contract extension and more talks to allow return to work

Increased reserves, a new tailings operation and lower costs underpin a 39% increase in 2017-2023 gold prodn to half a million oz from Shanta Gold’s Tanzanian operaton

Sheffield aims for 2019 first production after bankable feasibility study confirms Thunderbird project near Derby in Western Australia as a world-class mineral sands project.

Detour Gold’s road to profit paved with FY16 loss cut, lower costs and increased gold production to 537,765oz

New Detour Lake Gold Project plan flags production up 800,000oz to 15.3Moz and longer LoM, but with costs well up

Record gold-silver sales and revenues sees streamer Silver Wheaton post FY16 loss-to-$195M profit turnaround

Polymetal says it will retain its right to earn 50% of the massive Nezhdaninskoye gold project in Russia despite the decision of majority holder Polyus Gold to sell its majority interest.

Nord Gold moves to 55% of the $582M, 2.57Moz Montagne d’Or Gold Project in French Guiana as Columbus Gold talks funding with a range of providers. By MBM’s North American correspondent

$7.5M to get Penny’s Find Gold Mine in W Australia into production with mining to start by the end of the month

A potential $9M exploration deal has added another 19 tenements to Kidman Resources’ world-class lithium project in W Australia and gives Western Areas 5.2% of the company. By Mark Mentiplay

Gascoyne Resources moves closer to becoming a significant Australian gold producer with the naming of GR Engineering as EPC contractor for its Dalgaranga project.

Talison Lithium partners Tianqi and Albemarle approve expansion to double capacity of Western Australia's Greenbushes mine.

South Africa's Financial Services Board has found Coal of Africa chief operating officer Michiel Brönn ignored a specific instruction from the Australian-based company's CEO when he used inside knowledge to acquire shares prior to an announcement that sent the stock rising by over 30%.

Debiensko mine scoping study backs Prairie Mining's plans to restore Poland's status as the premier European hard coking coal producer.

AuRico gets Canadian govt/state environmental approval to bring on its $452M Kemess underground gold-copper project in British Columbia

Australian metals and minerals dealer Lewer has won the race to purchase middlings copper-gold production from Doray's Deflector mine.

Australian Mines will move directly to a preliminary feasibility study on its Flemington scandium-cobalt project in NSW after gaining more support for its ambition to become a dominant supplier to the forecast boom in aluminium scandium alloy demand in the automotive and aerospace sectors.

Iran says it’s down a $1B deal with 6 private investors to bring on what could be one of the world’s biggest zinc projects.

Trevali Mining is moving into the global zinc production top-10 with the $400M acquisition of Glencore’s zinc assets, giving the international miner/commodities dealer 25% of Trevali. By MBM’s North American correspondent

Stikers at Peru’s biggest copper mine, Cerro Verde, claim their stoppage has halted 95% of production

A $23.7M impairment reversal, increased gold production and lower costs propel Timmins loss-to-FY16 $31.7M earnings turnaround

The Caribou Zinc Mine’s advance to nameplate production has been the primary driver for Trevali Mining’s record FY/CY2016

Jubilee Platinum is open to targeting more Australian opportunities in platinum and base metals after selecting a copper surface tailings project near Adelaide as its first venture outside South Africa.

New $10M deals herald new cornerstone shareholder to complete Orion Gold’s South African expansion and bring on its West Australian Fraser Range project. By Mark Mentiplay

A cashed-up Gold Road is set to bring on the Gruyere Gold Project with big partner Gold Fields and cranking up exploration on its surrounding tenements after big H1 17 profit

Record FY/CY2016 gold production and record low costs lifts Endeavour Mining profit 145% to $93M

Leading global gold miner Newmont has done a $53M deal to buy into Goldstrike Resources and its emerging new Yukon gold province. By MBM’s North American correspondent

New reports back K92 Mining’s up to $97M PNG gold project to produce 864,000oz over an initial 8-years, with expectations for more

Attila has jumped into the acquisition of MMG’s big Century Zinc Project in Australia, put on C&M early last year, with a 30M options/$10M project funding deal and plans for 100%

Pages

Mining Brokers