MINE geomechanics has been big news in 2013, though the average mining industry observer would hardly know it. For while the giant ground movements at Bingham Canyon and Grasberg have reinforced the magnitude of the challenges the industry faces in the ‘mass mining’ era, news headlines have focused on supply disruptions and, far more poignantly, the significant loss of life at Grasberg.
WITH mechanical rock excavation and energy efficiency hot ‘mine of the future’ themes, Orica’s Angelo Labriola wanted as much time as possible to press the case for blasting advances. He did okay, though, in an allotted 20 minutes.
IF OPERATIONAL performance was the be-all and end-all for miners, Western Areas’ chairman and major shareholder Terry Streeter wouldn’t have needed to write a letter to his fellow investors last month reassuring them all was well. For when it comes to exploring, mining and processing, Western Areas is par excellence.
THE operations in New Zealand continue to be reviewed in light of the changed gold price environment, but in the Philippines, OceanaGold is pleased with how the new Didipio gold-copper mine is performing.
PROTECTED though it is by grade, Philippines gold miner Medusa Mining may be set to suffer a cash squeeze and needs to significantly lift its game after another poor performance last quarter.
ATLAS Iron overcame wet weather and a plant outage during the quarter to achieve record shipments, and remains positive about the iron ore market despite investor uncertainty.
GREG Hall’s attempt to set a positive early tone for his time at the helm of Hillgrove Resources with a revised position statement for the company’s primary asset, Kanmantoo in South Australia, raised some fairly straightforward questions – not all answerable just yet, unfortunately.
‘THE king is dead, long live the king!’ That would seem one obvious take on the emergence of Sirius Resources as the pre-eminent nickel miner in waiting and the news this week that Western Areas has a new base metals focus.
FEW, if any, are as passionate about their company and Australian mining as Chris Bonwick, and the Independence managing director delivered a tour d’force this week at RIU’s Explorers Conference in Fremantle, Western Australia.
A KEY index measuring the performance of equipment at many of the world’s opencut mines shows the productivity of fleets in Australia falling for the seventh year in a row.
JUNIORS on the trail of a genuinely world class deposit are not common. Cashflow positive juniors are even rarer. Juniors chasing a major deposit with cash generated internally are like hen’s teeth. So why is the newly appointed president of Toronto-listed Excellon Resources, a company furnished with such a profile, having to tour Europe at the moment to prop up an ailing share price?
THE self-funded explorer may be a bit of a cliché, but ironically for a cliché, the industry isn’t exactly swarming with actual examples. KalNorth Gold Mines is the latest contender, with all in readiness for a venture that could make it $A12 million a year starting January – much of it to be spent exploring in the Kalgoorlie region.
PATIENCE and discipline evidently remain hallmarks of the M&A hunt being undertaken by Australia’s best performed independent copper miner, with OZ Minerals claiming it continues to canvass opportunities and managing director Terry Burgess reaffirming the presence of the $A750 million war chest.
WELL performed junior producer BC Iron (BCI) continues to prove its credentials despite the well-publicised iron ore price slump of recent times.
BONANZA copper miner Sandfire Resources is doing a tremendous development and operational job at its DeGrussa mine in Western Australia, with exploration the only query hanging over the company’s head.
CONSIDERABLE talk and conjecture about the turnaround at AngloGold Ashanti’s Geita gold mine in northern Tanzania, between 2009 and last year, has lacked real specifics in terms of the scale of restoration performed – until now.
EVER wondered what separates the really top notch mining companies and the rest of the pack? Then look no further than the case of market darling Regis Resources.
AUGUST 8: JUST to the east of the bonanza De Grussa operation in Western Australia owned by Sandfire Resources another copper project that could be a very nice earner indeed is taking shape.
SOLID production, M&A hunt continuing. In other words, yet another stock standard quarter from Australia’s well-performed copper miner OZ Minerals. The question is though, can the discipline deliver another operating asset?
COPPER miner PanAust’s decision to delay the development of the Inca de Oro project in Chile should be welcomed by shareholders.