Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

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.

It could be lawyers at 50 paces for Australian explorers Broken Hill Prospecting and Relentless Resources as they seek to resolve a dispute over management of their mineral sands joint venture in NSW.

On-going disputes with the local community has seen DeBeers shelve expansion plans for its remote Victor Diamond Mine in Canada

Stornoway Diamond Corp gets big 2016 bonus from higher than expected pre-commercial production, paving the way for 1.7Mcts in FY17 as Renard cranks up. By MBM’s North American correspondent

In deal worth over $15M, AngloGold Ashanti is taking a 15% stake in Orinoco Gold and a potential 70% in its broader Faina portfolio in Brazil, which contains the financially stalled Cascavel gold project. By Mark Mentiplay

Gold production/sales up and costs down help Randgold Resources to an increased FY/CY16 profit

Lithium Australia seeks to establish world-leading lithium project developer and technology provider with $24M all-scrip offer for fellow West Australian rival Lepidico.

OceanaGold is preparing to fight again for the future of its Didipio gold mine after controversial Philippines environment secretary Gina Lopez included in a list of mines facing closure or suspension.

Fortescue Metals continues to cut costs and debt, while maintaining iron ore production/shipments to potentially top guidance and FY16 results

Birimian is eyeing a June 2017 qtr completion for a PFS on its Mali lithium project after scoping study green light. By Mark Mentiplay

Newcrest finds its December quarter improvements in production costs are wiped out by falling gold prices.

A 46-year-old law stands between Poseidon Nickel and a $3M payout from GTI Resources for the rights to produce gold from tailings dams on the Windarra nickel leases in Western Australia.

Brockman secures port access and storage deal for proposed first stage of Marillana iron ore project in West Australia's Pilbara region. John Feary reports

A series of Q2 17 gold production records sees Evolution Mining easily on track for a top-end 860,000oz in FY17

Record West Australian iron ore production highlights strong half-year performance by BHP Billiton in rising commodity markets.

Binding agreement to buy Rio Tinto's Coal & Allied set to transform Yancoal into Australia's biggest pure-play coal producer.

Increased FY16 iron pellet sales have seen Grange Resources set a new 2.75dmt iron products shipments record for the year

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