Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

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%

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


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