Proactive weekly mining round-up: BHP Group, Antofagasta, Bradda Head…


BHP Group PLC (LSE:BHP) (LSE:BHP) reported a 69% jump in full-year underlying earnings, a record final dividend, plans to end its dual-listing in London, and a positive outlook for long-term commodity demand.

The world’s largest diversified natural resources company also announced the merger of its oil and gas assets with Woodside Petroleum Ltd and the approval of a US$5.7bn (GBP4.1bn) investment in its Jansen Stage 1 potash project.

Antofagasta PLC (LSE:ANTO) (LSE:ANTO) (LSE:ANTO) reported record interim earnings helped by strong copper prices, but was forced to reduce its production guidance for the year due to anticipated low levels of rainfall in Chile. The FTSE-100 miner revised its copper production guidance to 710-740,000 tonnes from the previous 730-760,000 tonnes.

Bradda Head Holdings Ltd (AIM:BHL) (AIM:BHL) has hired Terravision Exploration which will conduct geophysical programmes across three lithium projects in Arizona. Terravision will shoot ground-penetrating radar (GPR), referred to as ‘GPRplus’, at Bradda’s Burro Creek, Wikieup and San Domingo projects.

Tirupati Graphite PLC (LSE:TGR) (LSE:TGR) (LSE:TGR), a specialist graphite producer and graphene and advanced materials developer, has agreed to buy strategic graphite projects in Mozambique from ASX-listed Battery Minerals Ltd for A$12.5mln (GBP6.6mln) in a cash and shares deal.

Capital Ltd (LSE:CAPD) has reported the strongest half-year in its history with revenues up by 52% and operating profits more than doubling as gold drilling activity continues to increase.

Ariana Resources PLC (AIM:AAU, FRA:4A6) (AIM:AAU, FRA:4A6) (AIM:AAU) reported drilling results from the Karakavak area, northeast of the Kiziltepe gold-silver mine in western Turkey, and said a resource estimate and the definition of an exploration target was underway.

BlueRock Diamonds PLC said it discovered a 58.6 carat diamond at the Kareevlei mine in South Africa, just one week on from a 21.56 carat diamond find from the same mine.

Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF, FRA:H3M) (LSE:HOC, OTCQX:HCHDF, FRA:H3M) (LSE:HOC) saw its adjusted earnings more than double in the first half on higher gold and silver production and precious metal prices.

Cloudbreak Discovery PLC (LSE:CDL) (LSE:CDL) has signed up a new partner which has optioned the Atlin West gold-silver project in British Colombia, Canada. The new partner, 1315843 BC Ltd, joins ‘project generator’ Cloudbreak for the venture to explore the recently staked Atlin West acreage which is located around 14 kilometres from Atlin and is seen as potentially hosting polymetallic vein systems.

Trident Royalties PLC (AIM:TRR, FRA:5KV) (AIM:TRR, FRA:5KV) announced that chairman Paul Smith and non-executive director Peter Bacchus bought GBP323,000 shares in the company on the open market.

Sunrise Resources PLC (AIM:SRES, FRA:S4D) (AIM:SRES, FRA:S4D) (AIM:SRES) reported positive test results from recent commercial concrete pours using natural pozzolan from its CS pozzolan-perlite deposit in Nevada, US.

Adriatic Metals PLC (LSE:ADT1, ASX:ADT, FRA:3FNA, OTCQX:ADMLF) (LSE:ADT1, ASX:ADT, FRA:3FNA, OTCQX:ADMLF) (LSE:ADT1)’s Vares silver project in Bosnia and Herzegovina (BiH) has been valued at US$1.06bn in a final definitive feasibility study.

Oriole Resources PLC (LSE:ORR, FRA:S1Y) (LSE:ORR, FRA:S1Y) (LSE:ORR) said multiple areas of elevated gold concentrations have been identified on the Central Licence Package (CLP) in Cameroon.

Amur Minerals Corp (LSE:AMC) said it has completed the Permanent Conditions Report or TEO on its far east Russia Kun-Manie nickel/copper sulfide project. Analysis and documentation are complete and are now undergoing the mandatory review process by the Russian Government Commission for Natural Resources Reserves (GKZ).

Asiamet Resources Ltd (AIM:ARS, FRA:0FK, OTC:KMGLF) (AIM:ARS, FRA:0FK, OTC:KMGLF) said it has faced many challenges from the impact of Covid-19 in Indonesia but is making “substantive progress” on the development of the BKM copper project.

Afarak Group PLC (LSE:AFRK, FRA:V5W) (LSE:AFRK, FRA:V5W) says markets for ferrochrome are starting to pick up and it expects a more stable business environment in the second half of 2021.

Base Resources Limited (AIM:BSE, ASX:BSE, FRA:B4Z) (AIM:BSE, ASX:BSE, FRA:B4Z) has restated its mining reserves to reflect production over the past year and to incorporate Kwale Special Mining Lease 23 in Kenya.


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