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COPPER/GOLD

Sumatra to restart Tembang work by mid-2014

An updated definitive feasibility study (DFS) for ASX-listed Sumatra Copper & Gold’s flagship Tembang project, has increased forecast gold production. The updated DFS forecast a total production of 168 794 oz of gold and about 1.8-million...
23rd April 2014
 
NICKEL

Mincor ups full-year expectations

Nickel miner Mincor on Wednesday told shareholders that it expected to exceed its production forecast for the full year, after another strong quarter of production. During the three months to March, Mincor produced 2 203 to of nickel-in-ore,...
23rd April 2014
 
MINING FINANCE

Padbury reveals name of mysterious benefactor

ASX-listed Padbury Mining has revealed the source of its $6.5-billion funding to build the Oakajee port and rail project, but its shares remained in suspension. Earlier this month, Padbury announced that private Australian equity investors would...
23rd April 2014
 
GOLD

Resolute production falls as Tanzania mine closes

Gold miner Resolute Mining has reported a significant decline in quarterly production as its Golden Pride operation, in Tanzania, was placed on care-and-maintenance. During the three months to March, Resolute produced 77 976 oz of gold, which was...
23rd April 2014
 
METALS

Tin struggles to keep up - Metals X

ASX-listed Metals X has reported a solid quarter at its gold operations, but said on Wednesday that its tin operations had underperformed, owing to lower head grades. During the three months to March, Metals X produced 48 349 oz of gold, which...
23rd April 2014
 
RARE EARTHS

Lynas’ Malaysia plant wins another court battle

Rare earths producer Lynas has faced down another bid to halt the progress of its advanced materials plant (Lamp) in Malaysia. The miner this week reported that the Malaysian Federal Court had dismissed, with costs, an appeal by the Save Malaysia...
23rd April 2014
 
MINING FINANCE

Troy secures A$100m funding for Karouni

Dual-listed gold miner Troy Resources on Wednesday announced that it had secured a A$100-million revolving corporeate facility to progress its Karouni project, in Guyana. The facility with Investec Bank would have a three-year term with...
23rd April 2014
 
NICKEL

Mirabela given some leeway

Struggling nickel miner Mirabela Nickel has been thrown a life-line by the ad-hoc committee of holders of more than 65% of the company’s $395-million unsecured notes, due in April 2018. The consortium of holders had previously agreed to a...
23rd April 2014
 
EXPLORATION

Thor flags more cost reduction at Molyhil

ASX-listed junior Thor Mining has reported yet another cost reduction at its planned Molyhil tungsten project, in the Northern Territory. The metals developer reported a 13% reduction in the expected operating costs at Molyhil to around A$78/t,...
23rd April 2014
 
GOLD

Newcrest output down 11% on maintenance

Gold major Newcrest Mining has reported an 11% drop in production for the three months to March, but assured shareholders that it was on track to deliver on its full-year expectations. During the quarter under review, gold production declined to...
23rd April 2014
 
IRON-ORE

BHP cuts ribbon at Jimblebar

Mining major BHP Billiton on Wednesday officially opened its Jimblebar iron-ore mine, in the Pilbara. The mine produced its first ore in the September quarter of last year, and was expected to deliver its phase-one capacity of 35-million tonnes a...
23rd April 2014
 
URANIUM

Paladin production declines on Malawi mine closure

Uranium miner Paladin Energy has reported a decline in production during the three months to March, after placing its Kayelekera mine, in Malawi, on care-and-maintenance in February. During the quarter under review, Paladin reported a combined...
22nd April 2014
 
 
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