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Egypt-focused miner Centamin is confident it remains on track to return its Sukari gold mine towards production levels of 500,000ozpa within two years, after posting a 6% increase to 440,974oz in the 12 months to end-Dec (FY2022) from 415,370oz in the prior period.
Sales of 438,638oz (FY2021: 407,252oz) at $US1,794/oz ($1,797/oz) delivered revenue of $788.4M ($733.3M). AISC was $1,399/oz ($1,234/oz).
Attributable profit after-tax...
Australian-based diversified engineer Thiess has won its first nickel operation in Indonesia with the award of a four-year ore hauling contract at the Weda Bay openpit Ni-Co mining operation on Halmahera Island in North Maluku province.
The contract, valued at about $A125M, commences in May and covers ore loading, hauling and stockpile maintenance.
The largest mine on the island is operated by the Weda Bay Nickel JV between French...
A marketing campaign is being launched for the Telkwa metallurgical coal project in Canada after the appointment of asset controllers to under-administration Australian-based miner Allegiance Coal.
Controllers Richard Tucker and David Osborne of KordaMentha were appointed by Australian investment firm Collins St Convertible Notes Fund. The controllers will act as agents of the investor...
Two neighbouring gold mines in the western region of Ghana will be melded into Africa’s largest and one of the world’s biggest under a proposed JV between international majors Gold Fields and AngloGold Ashanti.
The two companies have agreed key terms in principle to link Gold Fields’ 90%-owned Tarkwa mine and AngloGold’s 100%-owned Iduapriem mine.
Their incorporated JV will be operated by Gold Fields, which will...
Cambodian miner Emerald Resources has doubled after-tax profit for the Dec half-year (H1FY23) to $A24.8M, from $11.9M a year earlier, on gold production of 52,587oz at AISC of $US809/oz at its Okvau mine, 275km NE of Phnom Penh. Production for the truncated H1FY22 was 36,626oz at $740/oz.
Emerald forecasts FY23 production of 102,000-113,000oz at $740-810/oz.
MD Morgan Hart says Okvau’s operational performance has enabled Emerald to...
New producer WA Kaolin is on track to its first stage 200,000tpa nameplate capacity at its Wickepin project, a potential globally significant resource in the West Australian Wheatbelt region 220km SE of Perth.
WAK’s two-stage development strategy aims to expand production from the high-grade 644.5Mt resource and 30.5Mt kaolinised granite reserve to 400,000tpa.
The company commenced its first deliveries to customers in late 2022, with average FOB...
Delays in the delivery of some long lead-time items have pushed back the expected restart of commercial production at Peninsula Energy’s Lance uranium projects in Wyoming, USA by up to three months to mid-2023.
Apart from the modest delivery delays, Peninsula says other aspects of the restart are progressing with capital expenditures in line with its DFS projections.
Limited scale wellfield operations have begun on one of the...
The industry-wide labour challenges have impacted construction progress on the only primary cobalt mine in the USA, Jervois Global’s 100%-owned Idaho Cobalt Operations project in the NW state.
Jervois says shortages of qualified electricians slowed construction of the concentrator. It now expects initial production of cobalt and copper concentrates early in the June 2023 quarter.
The development of underground ore...
West Australian miner Panoramic Resources has outlined average production of 9,402tpa nickel, 5,046tpa copper and 714tpa cobalt metal in concentrate for 12-plus years in an updated mine plan for its revived 100%-owned Savannah mine in the East Kimberley region.
All-in costs for FY24-35 are forecast at $A8.57/lb payable nickel.
MD-CEO Victor Rajasooriar says the updated plan, based on update...
Developer Orion Minerals has opened a clear pathway to secure up to $A60M additional equity funding for its South African base metal projects through a two-tranche placement cornerstone by privately owned mining group Clover Alloys to raise up to $13M.
Clover Alloys, led by prominent South African mining executives Adam Fleming and Philip Kotze, will subscribe $6.7M for 440M shares.
Orion says Clover’s expertise with modular...