The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
$21.1m
After net cash generation of $21.1m last year, Anglo Asian Mining is now able to pay off the final instalment of its refinancing loan and essentially operate debt-free
$6,314
Copper hit an eight month high of $6,314 a tonne on January 13th, up 3% from 2019's closing level
285
Taseko Mines has advanced plans to add 285 million pounds of copper a year to its production from its North American mines.
22,000
Ecuador has made its first export of copper concentrate from the Chinese-owned Mirador mine, shipping 22,000 tonnes
The latest from Twitter
Further reading: Mining companies threaten action against Tanzania over new law
Following amendments to Tanzanian mining law that essentially cancelled retention licenses issued before January 2018, Indian Resources has delivered notice to Tanzanian authorities for alleged breach of contract.
Source: Mining Weekly
PROJECT NEWS
BHP South Flank iron ore project in Australia hits milestone
US-based engineering firm Fluor has erected the first 1,500t of modules in the ore handling plant of BHP’s $3.6bn South Flank iron ore project in the Pilbara region of Western Australia. Fluor is providing engineering, procurement and construction management services for the project, which will feature a crushing and screening plant, an overland conveyor system, and rail-loading facilities.
GR Engineering and EcoGraf partner on graphite facility in Australia
GR Engineering Services and EcoGraf have signed a letter of intent (LoI) towards an engineering, procurement and construction (EPC) contract for the development of a graphite facility in Western Australia.
The two companies expect to sign a formal contract for the new 20,000 tonnes per annum (tpa) battery graphite facility.
Alkane Resources unearths high-grade gold at Roswell
Alkane Resources has discovered a new intercept at their Roswell prospect. The intercept has a 9.29 grams per tonne grading and was found after specialist tools were brought in to solve drilling delays.
Kinross starts drilling at Chulbatkan
Having completed the $283m acquisition of the Chulbatkan heap leach development project in Russia, Kinross Gold has begun a comprehensive drilling programme at the site.
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