Rio Tinto PLC (LSE:RIO) has lowered full-year production guidance after running into difficulties at its massive Pilbara operations in Australia. The FTSE 100 mining giant now expects Pilbara shipments will be between 320mln and 325mln tonnes this year; previously, the company had given a guidance range of 325-340mln tonnes.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) (AIM:GGP, OTC:GRLGF) could become the second-lowest cost gold company globally, according to the parameters set out by a pre-feasibility study just released. The study investigated the potential of the first 14mln tonnes of the South-East Crescent Zone, and as such represents only the beginnings of the economic modelling to be done at Havieron.
Tharisa PLC (LSE:THS, JSE:THA) (LSE:THS, JSE:THA) said its mine in South Africa had reported the best three months in its history in the final quarter of the year just ended. Production of platinum and associated metals (PGM) rose 12% quarter on quarter to 43,700oz in the three months to end September and by 11% to 157,800oz year-on-year.
Tungsten West PLC plans to raise GBP39mln in an initial public offering, which would value the owner of the world-class Hemerdon tungsten-tin deposit in south Devon at about GBP106.2mln when it lists in London.
Bens Creek Group PLC, the owner of a metallurgical coal mine in North America, has confirmed plans to list on AIM with trading set to start next Tuesday. The company’s site in West Virginia hosts 17.2mln tons of metallurgical coal, used to make steel, with a GBP7mln placing already completed to reboot the mine and get production started again.
Ariana Resources PLC (AIM:AAU) said an Environmental Impact Assessment (EIA) report for the Tavsan gold-silver mine in Western Turkey has been formally approved. The Ministry of Environment and Urban Planning approved the EIA, allowing for the development of Tavsan, which is targeting production of up to 30,000 ounces of gold per annum over eight years.
European Metals Holdings Ltd announced an upgraded resource estimate for the Cinovec lithium-tin deposit in the Czech Republic following the completion of a drilling campaign at Cinovec South.
Caledonia Mining Corp PLC reported record quarterly gold output from the Blanket mine in Zimbabwe and narrowed its production guidance for 2021 towards the upper end of its previous range.