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Sheffield warns of A$115m Thunderbird cost blowout

By: Esmarie Iannucci     19th October 2018 Mineral sands developer Sheffield Resources has warned of a cost blow-out at its Thunderbird project, in Western Australia, of some A$115-million. The company on Friday said that the Stage 1 capital cost for the Thunderbird project was expected to be some A$463-million, compared with the... 

Arc exits Indonesia JV to focus on Ontario project

By: Esmarie Iannucci     19th October 2018 ASX-listed junior Arc Exploration has inked a binding sales agreement to divest of its joint venture (JV) interest in the Trenggalek copper/gold project, in East Java, Indonesia. The company has sold its interest to JV partner PT Sumber Mineral Nusantara for A$100 000, saying on Friday that the... 

Paladin revenue drops sharply as Namibia mine shuts down

By: Esmarie Iannucci     19th October 2018 ASX- and TSX-listed Paladin Energy has reported $6.6-million in revenue for the quarter ended December, from the sale of 267 423 lb of uranium oxide (U3O8). The quarterly sales results compared with the $23.6-million in revenue generated from the sale of 1.14-million lb U3O8 in the previous... 

Ramelius outlines merits of its offer for Explaurum

By: Esmarie Iannucci     19th October 2018 Gold miner Ramelius Resources has extended the deadline for its takeover offer of Western Australian explorer Explaurum until November 23, arguing that its takeover offer had merit. Ramelius in September launched an all-scrip bid for Explaurum, offering one of its own shares for every four... 

Verdant gains enviro nod for NT phosphate project

By: Esmarie Iannucci     19th October 2018 The Northern Territory’s Environment Protection Authority has approved ASX-listed Verdant Minerals’ environmental impact assessment (EIA) for its Ammaroo phosphate project. MD Chris Tziolis said on Friday that the approval of the EIA was a major milestone for the company, providing Verdant with... 

Wolf Minerals UK to be wound up

By: Creamer Media Reporter      19th October 2018 Embattled tungsten miner Wolf Minerals UK will be wound up under the UK Insolvency Act, while all directors of the company have resigned, with immediate effect. Wolf went into voluntary administration last week after failing to secure funding to meet its short-term working capital requirements... 

Australian Nickel Conference

By: Creamer Media Reporter      18th October 2018 The Australian Nickel Conference is the premier event for nickel producers and explorers as Australia’s only dedicated nickel event.  Nickel prices have climbed steadily over the years and with increased investor confidence companies are once again talking about feasibility studies, mines... 

Gulf cornerstone investor pulls out over mining moratorium risk

By: Esmarie Iannucci     17th October 2018 Manganese ore and alloy developer Gulf Manganese has lost a cornerstone investor in the midst of uncertainty around a moratorium on all mining activities in East Nusa Tenggara, Indonesia. Gulf Manganese in August this year announced a A$10.8-million investment from Indonesian businessman Bapak... 

Alkane takes a stake in Calidus

By: Esmarie Iannucci     17th October 2018 The board of ASX-listed Alkane Resources has approved a A$3.6-million investment into fellow-listed Calidus Resources. Alkane will subscribe for 125-million shares in Calidus, priced at 2.95c a share, giving the diversified junior a near 8.8% interest in Calidus at the close of the transaction. 

Openpit mining starts at Wiluna

By: Esmarie Iannucci     17th October 2018 Openpit mining has started at the Wiluna gold mine, in Western Australia. ASX-listed Blackham Resources said on Wednesday that the restart of mining at Wiluna was expected to increase plant feed grade, reduce haulage costs and significantly reduce mine sequencing risks due to more mining areas. 

Vector secures $35m in additional debt

By: Esmarie Iannucci     17th October 2018 ASX-listed junior Vector Resources has secured a $35-million debt funding for its Adidi-Kanga gold project, in the Democratic Republic of Congo. Dubai-based FT General Trading will provide the funding, which will be used for payments relating to the acquisition of the Adidi-Kanga project, the... 

Brazilian assets start to deliver for Oz

By: Esmarie Iannucci     17th October 2018 Copper/gold producer Oz Minerals has reported an increase on copper production for the three months to September, following the addition o f the Antas copper project, in Brazil. Copper production in the September quarter was up to 31 919 t, up from the 27 131 t produced in the previous quarter,... 

Troy reports wall failure at Karouni’s Smart 3 pit

By: Esmarie Iannucci     17th October 2018 Gold miner Troy Resources has suspended operations in the Smarts 3 pit, at its Karouni operation, in Guyana, following a geotechnical event which resulted in a small failure of the northern wall of the pit. Troy said that while no injuries or damages were reported as a result of the wall... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

Lynas raises storage red flag

By: Esmarie Iannucci     17th October 2018 ASX-listed Lynas could well be faced with another dilemma if the Malaysian government is lax to respond to a request to extend the company’s permission to store NUF at the Lynas Advanced Materials Plant (LAMP). NUF is one of the two solid residues produced at LAMP. NUF is not a radioactive... 

Strandline to decide Coburn fate in 2019

By: Esmarie Iannucci     16th October 2018 Mineral sands developer Strandline Resources is expecting to take a development decision on its Coburn project, in Western Australian, during the first half of 2019, with the project potentially starting production by the second half of 2020. Strandline is in the midst of conducting a definitive... 

Northern Star sinks funding into Pogo

By: Esmarie Iannucci     16th October 2018 ASX-listed gold miner Northern Star will spend between A$15-million and A$20-million on exploration and drilling activities at its newly acquired Pogo project, in Alaska. The company on Tuesday reported a Joint Ore Reserves Committee (Jorc) compliant resource of 8.8-million tonnes, grading 14.7... 

Whitehaven production dips

By: Esmarie Iannucci     16th October 2018 Coal miner Whitehaven Coal has reported a 37% drop in production during the September quarter, compared with the previous corresponding period, reflecting a longwall change-out at the Narrabri operation. Managed run-of-mine (ROM) production reached 3.61-million tonnes in the three months to... 

Saracen strikes record quarter

By: Esmarie Iannucci     16th October 2018 Gold miner Saracen Mineral Holdings has reported record production in the three months to September, on the back of record group mill throughput and higher ore grades at all of its operations. Gold production in the quarter reached 88 940 oz, with the Carosue Dam operation delivering 51 753 oz... 

Lynas still waiting on clarity

By: Esmarie Iannucci     16th October 2018 Rare earths miner Lynas was still seeking clarity from the Malaysian government over the details of a reported review committee established to review the company’s operations in that country. Lynas on Tuesday said that local media outlets in Malaysia had announced the members of the review... 

BHP doubles stake in Ecuador copper project

By: Esmarie Iannucci     16th October 2018 Mining major BHP has subscribed for a further £45-million worth of shares in copper developer SolGold, which is the majority owner and operator of the Cascabel porphyry copper-gold project, in Ecuador. BHP will be issued an additional 100-million shares, at a price of 45p each, taking its... 

Rio Tinto copper output jumps; iron-ore, aluminium production slip

By: Esmarie Iannucci     16th October 2018 Diversified major Rio Tinto has reported lower production across nearly all its commodities, besides copper, in the three months to September. “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the group’s copper assets,” Rio CEO... 

NAIF takes a closer look at Sconi

By: Esmarie Iannucci     15th October 2018 The Sconi cobalt/nickel/scandium project, in Queensland, will come under the microscope after the Northern Australia Infrastructure Facility (NAIF) board indicated it would move to investigate the potential to provide support for the project. The NAIF provides access for up to A$5-billion of... 

Arafura finds possible buyer for Nolans product

By: Esmarie Iannucci     15th October 2018 ASX-listed rare earths developer Arafura Resources has signed a memorandum of understanding (MoU) with magnet producer JingCi Material Science Co to supply neodymium-praseodymium (NdPr) from the Nolans project, in the Northern Territory. The MoU envisaged the long-term supply of up to 900 t/y... 

Azure has received strong interest in Mexico zinc project

By: Esmarie Iannucci     15th October 2018 The Oposura zinc/lead/silver project, in Mexico, would cost some A$69.9-million to develop, a scoping study has revealed. ASX-listed Azure Minerals on Monday revealed that the project could produce 19 000 t/y of zinc, 10 000 t/y of lead and 145 000 oz/y of silver, over an initial mine life of... 

Stonewall reveals South Africa gold project numbers

By: Esmarie Iannucci     15th October 2018 A scoping study into the Theta Hill opencut gold project, in South Africa, has shown that the project could support a production of 67 000 oz/y over a near eight-year mine life. ASX-listed Stonewall Resources said that the scoping study was based on a Joint Ore Reserves Committee compliant... 

Highfield ups capital cost estimate for Spain potash project

By: Esmarie Iannucci     15th October 2018 An optimised feasibility study into the Muga potash project, in Spain, has increased the project capital cost requirements, ASX-listed Highfield Resources reported on Monday. A 2015 definitive feasibility study estimated a capital investment of $256-million would be required to deliver... 

Thiess wins A$1.2bn mining contract

By: Esmarie Iannucci     15th October 2018 Mining major BHP has awarded project house Cimic’s global mining services provider, Thiess, with a A$1.2-billion contract at the Mt Arthur coal operation, in the Hunter Valley. The new five-year contract builds on Thiess’ existing agreement, and expands the scope of the contract to include... 

Northern Minerals secures A$27m from Browns plant

By: Esmarie Iannucci     15th October 2018 Heavy rare earths producer Northern Minerals has secured a further A$27-million in funding to progress the development of the Browns Range pilot plant, in Western Australia, and to accelerate enhancement initiatives at the project. The company has entered into a subscription agreement with NRE... 

Mining at Gruyere to start in November

By: Esmarie Iannucci     15th October 2018 The Gruyere gold project, in Western Australia, remains on schedule to produce its first gold in the June quarter of next year. Joint venture (JV) partners Gold Road Resources and Gold Fields on Monday revealed that the overall project engineering was about 96% complete at the end of the... 

Glencore’s Hail Creek restructuring hits 400 jobs

By: Esmarie Iannucci     15th October 2018 Diversified miner Glencore has announced plans to ‘reconfigure’ its Hail Creek coal mine, in Queensland, resulting in nearly 400 job losses. The miner announced that the two-dragline operation would be reconfigured into a truck-and-shovel mine, with a seven-day on, seven-day off roster. The... 

Evolution’s quarterly gold output dips, costs rise

By: Esmarie Iannucci     15th October 2018 Gold miner Evolution Mining has reported another solid quarter, producing 200 218 oz during the three months to September. The September quarterly production was slightly below the 202 254 oz produced in the June quarter. 

Rio Tinto to take hit on legacy alumina contracts

By: Esmarie Iannucci     12th October 2018 Diversified miner Rio Tinto has warned of a $178-million impact on its financials during the first half of 2018, due to its legacy alumina contracts. The miner supplies some 2.2-million tonnes of alumina under legacy contracts, which are priced at a percentage of the benchmark aluminium price. 

TerraCom looks at increased output at BNU

By: Esmarie Iannucci     12th October 2018 oal junior TerraCom on Friday revealed the potential to expand production at its Baruun Noyon Uul (BNU) coking coal mine, in Mongolia, to three-million tonnes a year. TerraCom told shareholders that following an extensive exploration programme, the company has compiled a detailed execution plan... 

Troy production slumps in Sept quarter

By: Esmarie Iannucci     12th October 2018 Gold miner Troy Resources has reported a slight drop in gold production during the three months to September, compared with the previous quarter. During the three months under review, Troy produced 18 991 oz of gold from its Karouni operation, in Guyana, compared with the 19 510 oz produced in... 

Canyon to take full ownership of Cameroon project

By: Esmarie Iannucci     12th October 2018 ASX-listed Canyon Resources has inked a letter of intent with its joint venture partner Altus Strategies to gain full ownership of the Birsok bauxite project, in Cameroon. Under the agreement, Canyon would issue Altus 15-million ordinary shares, and a further 100-million some 12 months after the... 

Fire still burning at Peabody’s North Goonyella

By: Esmarie Iannucci     12th October 2018 US coal producer Peabody has issued force majeure notices to coal customers and certain of its vendors at the North Goonyella mine, in Queensland, as the company continues to work to extinguish a fire. The US miner at the start of last week started implementing a multi-tiered plan to extinguish... 

A$60m Mt Carlton underground mine wins board approval

By: Esmarie Iannucci     11th October 2018 The board of gold miner Evolution Mining has approved the A$60-million development of the Mt Carlton underground mine, in Queensland. The miner on Thursday told shareholders that the start of the underground development would require regulatory approvals, and submissions to the Department of... 

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