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Mining Bulletin

The full story: In-depth news and analysis

TENNANT CREEK NEW SHOOT OPENS UP POTENTIAL OF BLUEBIRD QUEST

Australian explorer Tennant Minerals has reported ‘stunning’ results from the first hole of a diamond drilling program highlighting the potential of its Bluebird copper-gold project in the NT’s Tennant Creek Mineral Field.

CANNON DELIVERS MORE RAPID RESOURCE GROWTH AT ITS FISHER EAST NICKEL PROJECT

West Australian explorer Cannon Resources has maintained the pace of resource growth at its flagship Fisher East project, adding 56,100t contained nickel at a discovery cost of $A104/t in just 12 months since its ASX listing.

PLATINA RESOURCES ACQUISITION TO SHARPEN WEST AUSTRALIAN GOLD QUEST

Australian explorer and developer Platina Resources has added critical mass to its WA gold portfolio with the signing of a conditional binding term sheet to acquire the advanced Brimstone gold project near Kalgoorlie.

VALOR PROGRAMS BRING CANADIAN URANIUM AND COPPER TARGETS INTO SHARPER FOCUS

The combination of reconnaissance field programs and historical data reviews have identified exciting uranium and copper targets for junior explorer Valor Resources at its Surprise Creek project in Saskatchewan, Canada.

DEVEX BOOSTS NEW LIFE POTENTIAL FOR AUSTRALIA’S NABARLEK URANIUM MINE

Nearly 35 years after it ended its short but highly productive life, the Nabarlek uranium mine in the Alligator Rivers province of Australia’s Northern Territory is showing signs of revival under new owner DevEx.

PETRATHERM EXPLORATION OPENS UP NEW RARE EARTHS TARGET IN SOUTH AUSTRALIA

Australian explorer Petratherm is highlighting the potential for a broad-scale occurrence of rare earth anomalism in the North Gawler Craton of South Australia.

ZENITH MINERALS DELIVERS RESOURCE UPGRADE AT DEVELIN CREEK PROJECT

Australian explorer Zenith Minerals has verified past results of drilling that extended and improved the geological interpretation of its Develin Creek polymetallic project in Queensland.

CHALICE PROCLAIMS THE BIRTH OF A NEW GREEN METALS PROVINCE IN WA'S JULIMAR PROJECT

Western Australia's first major platinum discovery at Julimar on the margins of Perth is shaping up as the starting point for a world-class multi-district green metals province, exploration star Chalice Mining believes. John Feary reports from the Diggers & Dealers Mining Forum in Kalgoorlie

FEASIBILITY STUDY POINTS TO A RAPID GOLD PRODUCTION GROWTH FOR LOW-KEY MINER

Twelve months after being named Australia's Digger of the Year, West African Resources is closer to opening its second Burkina Faso mine and heading towards 400,000ozpa of low-cost production. John Feary reports

WEST AUSTRALIAN PROJECT TO PLACATE SOME OF THE WORLD'S RARE EARTHS NEED

Rare earths project developer Hasting Technology Metals has set a target of the June 2024 quarter to begin commissioning of the West Australian plant capable of producing up to 8% of the world's NdPr needs.

NORTHERN STAR DECLARES KALGOORLIE SUPER PIT IN BETTER SHAPE THAN EVER

Northern Star Resources MD Stuart Tonkin declares the iconic Kalgoorlie Super Pit is in its best shape thanks to the new owner's five-year pathway to growth.

CORE TARGETS FIRST TERRITORY LITHIUM MINE PRODUCTION LATER THIS YEAR

Core Lithium sets a December quarter target for first production at its Finnis project in Australia's Northern Territory.

CAPRICORN METALS AIMS TO REPLICATE ITS KARLAWINDA SUCCESS AT MOUNT GIBSON

West Australian miner Capricorn Metals is aiming to complete an ore reserve and feasibility study in the Dec 2022 qtr to assist a development decision on its Mount Gibson gold project.

'JEWELLERY BOX' DELIVERS MORE SPARKLING RESULTS FOR SANTANA MINERALS

Experienced mining journalist and commentator Ross Louthean, a long-time observer of the New Zealand minerals industry, explores the current and past influences behind Santana Minerals' drilling successes on the historic Bendigo-Ophir district in Otago.

EXIT FROM UGANDA SEES VETERAN EXPLORER SIPA PRESS ON WITH WA EXPLORATION FRONTS

Western Australian explorer Sipa Resources is pressing forward with exploration on its home-state portfolio while pushing ahead with the sale of its Ugandan nickel-copper project.

NICKEL INDUSTRIES POWER PLANT OFFERS EARLY BOOST TO INDONESIAN NPI PROJECT

Nickel pig iron producer Nickel Industries has followed up the commencement of full operations of the four furnace lines at its Angel project in Indonesia with the start of commissioning of a new power plant that will boost production capacity and cut costs.

KAISER REEF REPORTS NEW RESOURCES IN HISTORIC VICTORIAN GOLDFIELDS

Beating its own expectations in drilling on Neesham Reef in the historic A1 gold mine and establishing a significant resource base at the Maldon project make up a day of positive news for miner Kaiser Reef in the heart of Victoria’s historic goldfields.

ST ANNE’S TARGET SHARPENS AT MURCHISON PROJECT FOR MEEKA METALS

New drilling results are highlighting the exceptional growth opportunity for West Australian explorer Meeka Metals at its flagship Murchison gold project, where its recent scoping study outlined production of over 420,000oz gold.

VIMY’S ANGULARLI URANIUM PROJECT SET TO GROW AHEAD OF DEEP YELLOW MERGER

With its proposed merger with fellow West Australian explorer Deep Yellow headed for a shareholder vote this week, Vimy Resources has reported initial diamond drilling results pointing to an increase in scale and value of its Angularli uranium project.

FAT INTERSECTIONS BUOY AURUMIN’S QUEST FOR HISTORIC SANDSTONE PROJECT

First drilling returns at Two Mile Hill deposit support West Australian explorer Aurumin’s vision of it becoming a key part of its Central Sandstone gold project with potential scale to underpin future production.
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Home » Mining Breaks

MATSA: OFFERS UP TO $2B EXPECTED WHEN MAJORS OPEN BIDDING ON FRIDAY

 

Toronto, Jun 23

The owners of Spain’s Minas de Aguas Teñidas (MATSA) company plan to launch the sale of the copper miner on Friday in a deal led by investment banks Bank of Montreal (BMO) and UBS that could fetch up to $US2B, Reuters reports.
Global commodities trader Trafigura and Abu Dhabi state investor Mubadala, which co-own MATSA and its 3 underground mines in S Spain, have set an end of the week deadline for initial offers, kicking off the formal sales process, according to sources.
The company was valued by 2 of the 4 bankers at between $1.5B-$2B. Trafigura, Mubadala, MATSA and UBS have declined to comment, and BMO was not available for comment. Other interested companies were flagged as Canada’s Lundin Mining and Hudbay Minerals, as well as Australian miner South32 and Canada’s First Quantum. MATSA produced more than 300,000t of copper concentrate in 2020, along with zinc and lead concentrate.

Lundin Mining Corporation

Exchange Code: 
TSX:LUN, OMX:LUMI
Website: 
http://www.lundinmining.com

Headquartered in Canada, with an operations office in the UK,  the company is diversified base metals miner with international operations producing copper, zinc, lead, nickel and cobalt

Hudbay Minerals Inc.

Exchange Code: 
TSX:HBM, NYSE:HBM
Website: 
http://www.hudbayminerals.com

Canadian based diversified miner and explorer of minerals including copper, zinc and precious metals focused on projects in North and South America.

South32 Limited

Exchange Code: 
ASX:S32, LSE:S32, JSE:S32
Website: 
http://www.south32.net

Perth-based company with production, development and exploration assets in aluminium, manganese, nickel, silver and coal across Australia, Southern Africa and South America.
May 2015: Established via the demerger of BHP Billiton base metal projects 

First Uranium Corporation

Exchange Code: 
NEX:FIU.H, JSE:FUU,
Website: 
http://www.firsturanium.com

Headquartered in Toronto, Canada, with an office in South Africa, the company sold its principal assets, the Mine Waste Solutions tailings recovery operation and Ezulwini Mine to AngloGold Ashanti Limited and Gold One International, respectively, on July 20 2012 and August 1, 2012, respectively

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