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Mining Bulletin

The full story: In-depth news and analysis

BHP EYES COPPER AND NICKEL GROWTH TO FOLLOW OZ MINERALS TAKEOVER

Global miner’s focus turns to the integration of the OZ Minerals business to accelerate its copper and nickel operations after Q3 declines lower full year production guidance.

GENESIS MINERALS DECLARES ITSELF THE LEONORA LEADER UNDER $600M ST BARBARA DEAL

West Australian mining leader Raleigh Finlayson is close to realising the dream of consolidating ownership of the major assets in the world-class Leonora region with agreement by his Genesis Minerals to acquire the local assets of rival St Barbara. John Feary reports

GHANA CONSOLIDATION JV FORECAST TO CREATE AFRICA’S LARGEST GOLD MINE

International miners Gold Fields and AngloGold Ashanti are predicting significant operational synergies by optimising the mining and consolidating the infrastructure of their immediately adjacent Tarkwa and Iduapriem gold mines in Ghana.

FMG OUTLINES $200M INITIAL CAPITAL COST FOR BELINGA IRON ORE PROJECT

Fast-moving Fortescue Metals sets a H2 2023 target for first production from its international iron ore expansion, the Beninga project in NE Gabon.

DRILLING POINTS TO MORE NEAR-TERM GROWTH AT SANTANA’S LEADING KIWI PROJECT

Explorer Santana Resources has highlighted significant near-term potential for further resource growth at its 100%-owned Bendigo-Ophir project in New Zealand’s South Island after drilling assays consistently surpassed past average grades at its Rise and Shine deposit.

GLENCORE’S $1.1B SALE OF COBAR MINE HERALDS NEW AUSTRALIAN BASE METALS EMPIRE

Global miner/marketer Glencore has reached binding agreement on the $US1.1B-plus-royalty sale of long-lived Cobar underground copper mine in Australia to special purpose funder Metals Acquisition Corporation.

NEWCREST SEES MORE DECADES AHEAD WITH GO-AHEAD FOR NEW CADIA STAGE DEVELOPMENT

Newcrest Mining has given the go-ahead for the next stage development of its flagship Cadia gold and copper mine in NSW, Australia after completing a feasibility study on its panel cave PC1-2 development.

GASCOYNE RESOURCES’ DALGARANGA A VICTIM OF THE PRESSURES ON WEST AUSTRALIAN MINES

Battling West Australian miner Gascoyne Resources will turn its focus to a financial restructuring and progressing higher-grade exploration assets to support a long-term mining plan after the sudden shutdown of its flagship Dalgaranga mine.

FIREFINCH ABOUT-TURN ON RECAPITALISATION SPELLS DEATH FOR MALI’S ‘GORILLA’ GOLD MINE

Australian-based miner Firefinch has given up on its efforts to recapitalise its 80%-owned Morila gold mine in Mali, almost certainly sending the mine once known as “Morila the Gorilla” into insolvency.

GROWING LINDA PROJECT TARGET HIGHLIGHTS ZINC POTENTIAL AT FLINDERS RANGE

New laboratory assays have doubled the size of the zinc soil anomaly target at critical minerals explorer Stelar Metals’ Linda zinc project in South Australia’s Flinders Ranges, with the scale and DSO grade indicating its potential for economic mineralisation at depth.

FALL OF GROUND AFTERMATH TRIGGERS ADMINISTRATION FOR RED RIVER’S THALANGA MINE

Australian miner Red River Resources has appointed administrators to its Thalanga zinc-copper-lead mine to tackle threats to its solvency due to continuing performance issues following a fall of ground incident nearly three months ago.

MALLEE RESOURCES REACTIVATES AVEBURY NICKEL MINE IN SIX MONTHS

Explorer Mallee Resources has joined the ranks of Australian nickel sulphide producers after making a successful start to the commissioning of the processing plant at its 100%-owned Avebury project in Tasmania.

MINERAL RESOURCES STILL PONDERING STRATEGIC OPTIONS FOR LITHIUM BUSINESS

Australia mining and services company Mineral Resources is continuing to evaluate “strategic options” for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA.

CAVALIER LIFTS HOPES FOR LEONORA PROJECT AFTER FIRST DRILL CAMPAIGN

West Australian explorer Cavalier Resources reports encouraging results in recent drilling that targeted extensions to the existing resource area at its 100%-owned Crawford gold project at Leonora.

CANNON RESOURCES PUTS OUT THE JV SHINGLE FOR WA’S COLLURABBIE PROJECT

West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry following analysis of historical geophysical data at its Collurabbie nickel-copper-PGE and gold project.

ELEVATE IDENTIFIES BIG URANIUM TARGET AT NAMIBIA’S KOPPIES PROJECT

Elevate Uranium has raised the potential to add significantly to its maiden 20.3Mlb U3O8 inferred mineral resource at its Koppies project in Namibia with the identification of a mineralised zone extending over 10km and up to 1,000m wide.

MID-2023 TARGET FOR APPROVAL OF HIGH-GRADE FEDERATION DEPOSIT UNDERGROUND MINE

Australian miner Aurelia Minerals has outlined the starting physical and economic picture for the development of an underground mine at its high-grade, low-cost Federation polymetallic deposit in the Cobar Basin of central-western New South Wales.

WA NICKEL EXPLORER ST GEORGE MINING JOINS THE TREND TO FOCUS ON LITHIUM

The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.

KINGSLAND MINERALS DRILLING BREATHES LIFE BACK INTO CLEO URANIUM PROJECT

Australian explorer Kingsland Minerals has laid the foundation to grow the footprint of the Cleo uranium mineralisation based on initial assay results from its maiden drilling program in the historic Pine Creek mining region in the NT.

EXPLORATION SUCCESSES CARRY BELARAROX TO NEW PHASE IN NSW SEARCH

Australian explorer Belararox is considering the release of a mineral resource estimate next month as it progresses metallurgical testwork on targets at the historical Native Bee mine site, part of its 100%-owned Belara project in NSW.
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Sandfire Resources Limited

Exchange Code: 
ASX:SFR
Website: 
http://www.sandfire.com.au

Sandfire Resources Limited

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DEGRUSSA LIVING UP TO EARLY PROMISE

Post date: 
01/24/2013 - 16:32

The recent start-up DeGrussa Copper/Gold Project in central Western Australia is expected to produce between 67,000t-71,000t of copper and 49,000oz of gold in the June 2013 year, settling to an annualised steady state 77,000t copper and 34,000oz gold from mid calendar 2013.
That’s when Sandfire Resources’ concentrator is scheduled to reach nameplate capacity of 1.5Mtpa.

DEGRUSSA’S EARLY PROMISE IS COMING TRUE

Post date: 
01/24/2013 - 16:26
Author Name: 
Mark Mentiplay

The new start-up DeGrussa project is targeting imminent steady state annual production of 77,000t copper and 34,000oz gold. Mark Mentiplay reports

RIGHT ROYALTY CLASH FOR SANDFIRE’S DEGRUSSA MINE

Post date: 
01/15/2013 - 22:58

Western Australian copper-gold miner Sandfire Resources has been warned it could lose the mining licence for its DeGrussa mine in a dispute over state royalties.
The WA Mines Department demands 7.5% royalty on direct shipping ore as concentrate sold from the mine. The company argues the royalty rate under state regulations should be 5%.
Sandfire expected to pay about $A12M for the December 2012 half year plus $2M for the last DSO sales in H1 2013. The higher rate would cost it another $7M.

SANDFIRE FIGHTS SHOCK STATE ROYALTY CLAIM

Post date: 
01/15/2013 - 22:35
Author Name: 
John Feary

Miner warned it could lose its valuable mining licence in dispute over state royalties

SANDFIRE PROGRESSES DE GRUSSA SALES CONTRACTS

Post date: 
12/05/2012 - 07:15

Sandfire Resources has signed three more sales contracts as it pursues its strategy of locking-in 85% of production ahead of first commercial production shipments in January from its 100%-owned DeGrussa copper-gold mine in Western Australia.
The company now has four sales contracts, for up to 3-years, in place with international trading companies and smelters.
MD Karl Simich says the company is cementing long-term production and sales arrangements as it completes its production ramp-up.

SANDFIRE, ARGONAUT SIGN FARM-IN AGREEMENT

Post date: 
11/09/2012 - 11:26

Sandfire Resources is set to earn up to a 75% interest in the Alford exploration licence in South Australia, signing a farm-in agreement with Argonaut Resources.
North of the historical Moonta/Wallaroo copper district, exploration at Alford is focused on copper, silver, cobalt and gold.
Sandfire will spend an initial $4M over three years to earn a 49% interest in Alford.

SANDFIRE HEADS TO FULL DE GRUSSA OUTPUT

Post date: 
10/30/2012 - 03:00

Sandfire Resources aims to reach steady-state nameplate production rates by early 2013 following the successful commissioning of the 1.5Mtpa concentrator at its De Grussa copper-gold project in the Peak Hill mineral field, 900km north of Perth in Western Australia.
September quarter contained metal production was 21,181t copper and 6,716oz gold. Sandfire says it’s on target to achieve first concentrate shipment in Q4.

SANDFIRE CELEBRATES FIRST DEGRUSSA COPPER

Post date: 
10/02/2012 - 15:47

Sandfire Resources has produced the first copper concentrate from its 100%-owned DeGrussa copper-gold project in the Peak Hill mineral field of Western Australia.
First commissioning ore was introduced into the 1.5Mtpa processing facility by engineering, procurement and construction contractor Abesque. The regrind mill is undergoing final wet commissioning before being introduced into the pre-commissioning process.

DEGRUSSA PRODUCTION DRAWS NEARER

Post date: 
09/14/2012 - 11:33

Sandfire Resources is nearing completion of the processing facility at its Degrussa copper-gold project in Western Australia.
The ramp up schedule for the 1.5Mtpa facility is targeting steady state production by early next year. Production from Sandfire is forecast at 77,000t payable copper for financial year 2013.
Crushed rock has been introduced to the SAG mill, and slurry flow established through to the tailings storage facility.

BREAKAWAY FINDS A NEW ALTIA PARTNER

Post date: 
09/04/2012 - 11:31

Explorer Breakaway Resources has found new partners for its Altia silver-lead-zinc project in NW Queensland, Australia just over three months after BHP Billiton withdrew from their joint venture.
The company has signed a $A8M joint venture and strategic investment agreement with copper producer Sandfire Resources. The JV will target all minerals over a broader area now designated the Broader Altia Project, 70km SE of Cloncurry.

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Mining Billboard

Insights and analysis from leading industry commentators

AUSTRALIA’S PILBARA AND EYRE PENINSULA WELL PLACED FOR A ‘GREEN’ STEEL BOOST

(COMMENTARY) Mining of the long-neglected magnetite iron ore could be a major beneficiary of Australian ambitions to become a global leader in the drive to achieve net zero, under a solution that would see green hydrogen plants developed next to green steelworks to boost efficiency and kickstart both industries.

DESPITE POLITICAL DIATRIBES, LIDDELL CLOSURE POINTS TO A BRIGHTER FUTURE

(COMMENTARY) The closure this month of Australia’s oldest coal-fired power station, the 52-year-old Liddell facility in New South Wales, will end one era but simultaneously lead to another in which the nation could open up new energy opportunities.

NEWCREST OFFERS CONDITIONAL COURTING RIGHTS AFTER REBUFFING SUITOR NEWMONT

(MERGERS AND ACQUISITIONS) Australian gold major Newcrest Mining has kept itself in play for more possible mergers and acquisitions discussions after rebuffing a $US16.9B second feint from Newmont Corporation and posting solid advances in the December half-year.

US GOVERNMENT BACKS IONEER PROJECT AS KEY TO CRITICAL MINERALS SUPPLY SECURITY

(DEVELOPMENT) The US government has recognised the potential value of Ioneer’s Rhyolite Ridge lithium-boron project in Nevada to the national push for security of critical minerals supply with the offer of a $700M development loan.

SAUDI MINING GIANT SEEKS MORE GROWTH THROUGH INTERNATIONAL PARTNERSHIPS

(EXPLORATION) Saudi Arabia’s majority government-owned mining company Ma’aden has unveiled three new initiatives using partnerships with international miners and the nation’s massive investment capacity to advance a new phase of domestic and international growth.

GLOBAL COAL USE REACHING ALL-TIME HIGH ... BUT INDUSTRY TRENDS POINT TO RAPID DECLINE

(COMMENTARY) The global use of coal for electricity generation will hit record levels this year, but lack of new investment in export-driven coal projects supports the expectation that peak coal has been reached and will rapidly decline in the face of global pressure on fossil fuels.
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