Mining News
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Rambler Metal & Mining (RMM-LN) (RAB-CN) The company achieved their production target of 241,080 dry metric tons milled at the Ming Mine, a 12% increase over fiscal year 2015. Achieved lower C1 costs of US$1.72 /lbs down from US$2.11/lbs in fiscal 2015. The copper grades of 2.12% and gold grades of 1.40 g/t were in […]
Petra Diamonds (PDL-LN): Q1 2017 (1 July – 21 October 2016), production up 30% over Q1 2016 to 1,097,523 carats, due to the positive increase to initial production from undiluted areas, improving run-of-mine (RoM) grades at both Cullinan and Finsch and increased tailings production from Kimberley Ekapa Mining. The company is on track to be cash flow […]
Firestone Diamonds (FDI-LN), The company recovers its first diamonds from the Liqhobong Diamond mine in Lesotho, owned 75% by Firestone and 25% by the Government of Lesotho. Initial recoveries are as expected and confirm presence of fancy yellow diamonds. Commissioning is 96% complete. Waste stripping is on target and ramp-up to commercial production has commenced. […]
Jubilee Platinum (JLP-LN) Q3 2016 chromite concentrate production from the Dilokong Chrome mine (DCM) tailings project was 28,559 tons an increase of 88.04% from Q2, 2016. The revenue generated from chromite concentrate sales increased 108.22% to £2.09m over Q2, 2016. Chromite project earnings were up 108.13% to £1.55m over Q2. Earnings attributable to Jubilee, for […]
South32 (S32.L) Q1 2017 results impacted by metallurgical coal production at Illawarra. Challenging geological conditions encountered at Appin Area 9 and 7 caused a decrease is saleable production by 26% (646kt) to 1.4Mt. Coal sales of 9.3Mt now expected in FY17 as the operation has recovered and finished good inventory has been reduced by 300kt. […]
Kefi Minerals has received a Front End Engineering and Design proposal for US$68 million from Lycopodium for the EPC contract to build a mine at its 95%-owned Tulu Kapi gold project, in Ethiopia. Including contingencies and provisions for non-Tulu Kapi costs, the total capital estimate for the project has been increased to approximately US$150-160m. The […]
Wolf Minerals expects to complete discussions with its lenders and major shareholder, RCF, on funding arrangements to support the ramp up towards commercial production and design performance at the Drakelands open pit tungsten/tin mine by 21 October 2016. Once the agreements are complete, the company will release its annual report to 30 June 2016. In […]
Phase One drilling results from the Arzu Central target area at Kiziltepe, reveals continuity of mineralisation for at least a further 200m beyond the northern end of the current Arzu South pit and vein system appears to be increasing in width; says Dr. Kerim Sener. The initial round of drilling indicates significant mineralisation occurs within […]
Fresnillo plc, the world’s largest silver miner, produced 37.0Moz of silver in the first nine months of 2016, 6.3% higher than the corresponding period in 2015, with the start-up of San Julián, increased volumes at Saucito II and higher ore grade at Ciénega and Fresnillo. Q3 production came in at 11.8Moz, 6.7% up on Q3 […]
Atalaya Mining PLC (ATYM:AIM; AYM:TSX) Focused on ramping up production to 9.5Mtpa, to achieve nameplate capacity by the end of 2016. Completed a US$14M copper concetrate prepayment agreement with Transamine Trading S.A. The company is working on additional, alternative funding solutions to improve working capital for final phase of ramp-up; capex for H1 was €17.1M. Q3 2016 […]