Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

New PEA-instigated agitated tank leaching for higher recoveries lifts Copper North Mining’s $263.6M capex Carmacks copper-gold-silver project in Canada. By MBM’s North American correspondent

A record Q4 16 and reaching slightly delayed steady state production has seen PGM miner Tharisa lift FY16 net profit nearly $10M to $15.8M

Dacian Gold is raising $150M to get its 1.2Moz, 197,000oz pa Mt Morgans Gold Project in Australia into production in Q1 CY2018

Western Areas has locked in improved sales terms for its Forrestania nickel in concentrate production over the next three years after concluding the second of its major off-take deals with Nickel West. John Feary reports.

First flake graphite sales highlight Bass Metals' progress with mining and processing improvements at newly acquired Madagascar project.

Australian nickel producer Western Areas switches to leading Chinese stainless producer Tsingshan Group for nearly half of its nickel in concentrate production. John Feary reports

Scorpio Gold on track for top-end FY16 35,000oz, but with costs up around $900oz following YTD 16 loss to $4.6M profit turnaround.

Saudi Arabia expects its phosphate project to be in production next year and move quickly to being the world’s 6th biggest producer in 2019

Gascoyne Resources feasibility study points to low-cost, high-margin development of Dalgaranga gold project. John Feary reports

Vale has outlined a $592M financing and restoration package for its 50%-owned Samarco and iron ore mine after the dam collapse that killed 19 people

The mothballing of its Australian manganese mine and a fall in prices has seen Consolidated Minerals’ return a $78M turnaround to a $74M YTD16 loss. By Mark Mentiplay

Aura Minerals is closing on development of its 41,000oz pa Brazilian gold mine after FS outlines 3-mine start up

Rio Tinto's new chief executive outlines a long-term strategy focused on improved operational performance across its global asset portfolio.

LeadFX has gained the West Australian government port access and operating approvals it needs for a restart of the giant Paroo Station lead mine. John Feary reports

Eurasian Metals is handing over its Scandinavian gold-copper exploration assets for a 20% stake in Boreal Metals and a 3% royalty. By MBM North American correspondent

Emeco Holdings has reached agreement on a $10M debt restructuring arrangement to keep alive its planned takeover of Australian privateer renter Andy's Earthmovers.

West Australia's Burbanks gold mine could be back in business within months after Resources & Energy Group reached binding heads of agreement to purchase the project from Kidman Resources.

Just four years after its ASX listing, Dacian Gold has completed a feasibility study backing the technical and economic feasibility of its Mount Morgans gold project in Western Australia.

The continuing expansion of its Romanian/Zimbabwe operations builds on Q3 16 gold/copper sales jumps

$10M bankruptcy/insolvency deal clears the way for creditors settlement

Metro Mining aims to build itself into a leading independent Australian listed bauxite company after privateer Gulf Alumina gave its unanimous backing to the company's takeover offer.

Owen Hegarty’s EMR Capital is eyeing Australian copper and coal projects after raising $860 for its 2nd fund

Senior executive Alan Davies promises to take "the strongest legal action" against Rio Tinto over the dismissal and fellow executive Debra Valentine following an internal probe into $10.5M payments to win the Simandou concession in Guinea

Poseidon Nickel stands to gain cash-flow and a free refurbishment of the mothballed processing plant at its Lake Johnston project under an exclusive access deal with lithium developer Kidman Resources. John Feary reports

Colombian gold producer Gran Colombia has lifted FY16 expectations after increased YTD16 production/lower costs and profit up to $19M

New mine strategy tipped to extend OZ Minerals' Prominent Hill mine life to 2028.

DiamondCorp is contemplating business rescue measures for its Lace diamond mine operator after flooding caused by freak thunderstorms left it facing at least three months of downtime.

Nord Gold has dropped FY16 production and lifted costs guidance after a 18% YTD16 profit fall to $150M.

Caledonia Mining YTD 16 profit doubles, with record Q3 16 gold production supporting FY/CY17 60,000oz pa target.

A strategic review of St Barbara’s PNG operations sees up to $28M exploration deal with Newcrest Mining. By Mark Mentiplay

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