Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

Troy Resources has reached the end of a miserable first 12 months of operations at its 100%-owned Karouni mine in Guyana with some confidence that it is at last getting to grips with the challenges of mining in the country's interior.

Medusa Mining M/D flags more change/expansion to ensure its Co-O gold mine’s future after a big H1 17 production plunge and a 230% collapse to a $40.8M loss

Lithium aspirant Kidman Resources to stump up $6M worth of shares plus 2 royalties to further boost its world-class Western Australia project

Macmahon anticipates a significant turnaround in its financial performance over 18 months after falling to a $23M half-year loss. John Feary reports

A 96% inferred-to-indicated iron ore conversion underpins current new PFS on the Hawsons Iron Project in South Australia

Kingsrose secured debt holders have agreed to a new deal from the company’s administrators to get the company’s Indonesian operations back on track

Iron ore production up, costs down, price received up and debt cut underpins H1 17 $133.2M loss-to-profit turnaround

Glencore's mothballed Eland platinum mine is being evaluated as a medium-term development opportunity following its R175M acquisition by South African independent miner Northam Platinum.

A relentless drive to reduce costs and the resurgence in prices have enabled Australian iron ore No 3 producer Fortescue to report a $1.2B net profit for the December half-year. John Feary reports

AngloGold Ashanti has nearly trebled its adjusted headline earnings to $143M and doubled cash-flow to $278M on the back of its strong cost and capital disciplines in 2016.

Shareholders rewarded with 40cps interim dividend as productivity improvements and strong cash-flow drive first half profit of $3.2B.

The layoffs have started at Freeport-McMoRan’s shutdown big Grasberg copper mine in Indonesia's Papua, as the US miner turns up the heat with new legal/economic threats

A deferred high quality emerald auction has nearly halved Gemfield’s H1 17 revenue to $52M and turned an H1 16 profit into an H1 17 $13.6M loss

West African Resources is studying a potentially more favourable openpit-plus-underground development option for its Sanbrado gold project in Burkina Faso.

The Chilean govt’s rejection of a redesign for the Anglo American-operated El Soldado copper mine has seen the company suspend mine operations

Firebrand Philippines President Duterte says he’ll review his minister’s closure of more than half the country’s mines

FY16 gold production up to 1.27Moz, but less silver and copper, has seen Yamana Gold cut its latest year loss to $291M from 2015’s $1.68M loss

Yamana Gold breakout Brio Gold completes 1st year as a stand-alone, with record gold prodn cutting its FY16 loss to $17M

A new study has outlined a simple, low cost start for its Canadian lithium project generating $978M revenue over an initial 13-years

Dundee plunges to $150M Fy16 loss on the back of impairments, lower precious metals production and higher costs. By MBM’s North American correspondent

A new study gives Venturex Resources’ $200M Western Australian Zinc/Copper Project an NPV8 of up to $388M and triggered a new drilling push into its supergene mineralisation, By Mark Mentiplay

Highlands Pacific raises the spectre of a Chinese state-owned corporation calling the shots after PanAust launches a bid for a board majority.

OceanaGold aims to keep operations going at its Didipio gold-copper mine on Luzon Island in the Philippines despite receiving an order suspending its environmental licence.

A string of FY16 records for a big profit turn-around, sees Acacia Mining already on track for more in 2017

Xtract Resources has signed a collaboration agreement with Nexus Capital as a low-risk solution to the challenge of developing alluvial gold deposits at its Manica project in Mozambique.

Indonesia's Amman Mineral Nusa Tenggara has named Macmahon as its preferred contractor if it elects to go ahead with expansion or a switch to contractor mining at its Batu Hijau copper-gold mine.

Strike at BHP’s big Escondida Copper Mine in Chile kicks off with fears of global supply disruption

GoviEx Uranium CEO sees new Chinese reactor builds and uranium shortages paving the way for 2020 start for its Niger project

Rio Tinto CEO says the recent stoppage of copper exports from the giant Grasberg copper mine in Indonesia has raised serious doubts over its place in the Rio portfolio

Rio Tinto returns to profit with FY2016 net earnings of $4.62B generated from operating cash flow of $8.5B and underlying earnings of $5.1B.


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