Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

GR Engineering has launched proceedings in the West Australian Supreme Court against Eastern Goldfields claiming damages of $9.98M plus interest and costs for alleged non-payment of progress and variation claims on the refurbishment of the Davyhurst processing mill.

It's still waiting for a market upturn to finalise development of its portfolio of nickel projects, but West Australian company Poseidon sees the opportunity to establish a valuable revenue source by re-engineering its mothballed Black Swan plant to process gold ore.

Orca Gold is moving to an FS after a positive updated PEA for its $303M Sudan gold project. By MBM North American correspondent

Platinum Group Metals has signalled a strategic retreat from its current fully mechanised operation in a bid to overcome the lagging ramp-up of its 83%-owned Maseve mine in South Africa.

Canadian miner Tahoe Resources faces a lengthy appeals process in the Guatemalan courts to restore the mining licence for its flagship Escobal silver project.

Sanjeev Gupta's Liberty House Group has won a stunning victory in the battle for the steel-making and iron ore mining businesses of failed Australian group Arrium.

Prospect Resources eyeing the 1st integrated lithium operation outside the Asia Pacific region, with start-up in late 2018. By Mark Mentiplay

Mining low grade stopes sees lower FY16 gold production from TSG’s Russian mine, but lower costs and a higher gold price lift profit for a maiden dividend

Weatherly International has been given more leeway by Orion Mine Finance as it struggles to improve the performance of its sole-producing Tschudi project to counter low copper prices.

It looks as though diverse Western Australia company Wesfarmers will keep its 2 coal operations after the last pursuit group drops out.

Endeavour Mining to add new 2Moz reserve Mali gold project to production pipeline with $C160M bid for Avnel Gold Mining

China's massive New Silk Road global trade and development program is being targeted as a funding source for the Lindi Jumbo graphite project in Tanzania being developed by Australian explorer Walkabout Resources.

Mincor Resources’ W Australian gold project has taken a big step up with consistent high grades pointing to a significant new nearby discovery. By Mark Mentiplay

Good updated PFS numbers flag an initial 187,000oz gold over 3-year start up for Aphrodite Gold’s W Australian project as it continues possible J/Vs

"This sale process has been in progress for a long period of time and we believe it is in the best interests of our shareholders to take the greater certainty of Yancoal’s strong proposal" - chief executive J-S Jacques

BHP has taken the first major steps towards development of the South Flank deposit as the next major long-term source of high-grade iron ore at its Pilbara operations in Western Australia.

Tensions spill over for Acacia Mining in Tanzania, with 66 arrested over armed attempts by local villagers to storm the North Mara mine.

Emmerson Resources gains production approval for the revival of the Edna Beryl underground gold mine in Australia's Northern Territory.

Dissident shareholders of big Russian gold miner Petropavlovsk have replaced 4 of the company’s 6 board members, including founder Peter Hambro.

Orocobre FY17 production falls 20% below guidance as harsh winter slows the Olaroz lithium carbonate project in Argentina.

West Australian contractor Brierty is facing a new financial crisis after iron ore giant Rio Tinto suspended its long-term mining and civil works contract on the Western Turner Syncline Stage 2 mine over safety concerns. John Feary reports

Internationally well-backed Kibaran Resources’ progression to financing its Tanzanian graphite project has been substantially smoothed by its updated BFS. By Mark Mentiplay

Rio Tinto has rebuffed the last-minute counter-bid by Glencore for its Coal & Allied business and interests in Australia, choosing instead the lower price but greater certainty of a slightly revised offer from Yancoal Australia.

Despite not being fair and reasonable, Gemfields’ independent committee has recommended an increased Chinese takeover bid for the miner over that of Gemfields’ major shareholder.

Shanta Gold has launched a 3-pronged expansion strategy headed by the acquisition of Helio Resource Corp that will dramatically lift Tanzanian gold resources

Sovereign Metals prepares to move on to feasibility studies for its Malingunde graphite project in Malawi after a scoping study outlined capital and operating costs claimed to be the lowest among its world-wide peers.

A strike by miners following attempts by Sibanye Gold to rout out illegal miners at its Cooke Gold Mine in South Africa has prompted the company to sack 1,500

Newcrest Mining tips in a further $40M to support SolGold's copper exploration strategy at Cascabel and new targets in Ecuador with a promise also to help protect the explorer against hostile attacks.

Desert Star is buying the PFS-boosted Kutcho copper-zinc-gold-silver mine in Canada from Capstone Mining for $28.8M cash and a 10% stake in Desert Star

Global steelmaker POSCO could bring its innovative FINEX technology to the battling industrial city of Whyalla in South Australia following the selection of a Korean consortium as preferred bidder for collapsed steelmaker/miner Arrium.


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