Resources sector boosts federal budget spending spree

Mining News Pro - The Australian Government’s 2021-22 Budget has been fuelled by stronger commodity prices, which have enabled increased investment in the sector.

Antipa JV`s exploration budget increases

Mining News Pro - The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million.

Resgen secures additional funds for subsidiary’s austerity operating budget

Mining News Pro - Resource Generation (Resgen) has reached an in-principle agreement with Noble Group to provide additional working capital to its partly owned subsidiary Ledjadja Coal.

Nonferrous metals exploration budget down by 11% in 2020

Mining News Pro - S&P Global Market Intelligence’s annual World Exploration Trends Report was released this week and shows that the global budget for nonferrous metals exploration decreased 11% to an estimated $8.7 billion in 2020 from $9.8 billion in 2019.

Kore’s DX feasibility study on track, budget for completion in May

Mining News Pro - Potash development company Kore Potash reports that the definitive feasibility study (DFS) for Phase 1 of its 97%-owned Dougou Extension (DX) potash project in Congo-Brazzaville remains on track and within budget to be completed in May.

QLD budget delivers $29m for minerals exploration

Mining News Pro - The Queensland Government is encouraging the state’s resources industry to discover new minerals, including nickel, cobalt, copper and gold as part of its exploration funding in the 2020-21 state budget.

Federal Budget backs mining to drive economic recovery

Mining News Pro - The Australian Government’s 2020-21 Budget is a win for the mining industry as it prioritises training and education, and research and development in manufacturing and supporting industries.

UltraTech Cement cuts capital expenditure budget to US$130m

Mining News Pro - UltraTech Cement has cuts its capital expenditure budget to around US$130m due to the coronavirus pandemic. Work on its 2.2Mt/yr Cuttack grinding unit, which was scheduled for commissioning in March 2021, has been slowed down.

Rio boosts Citadel copper JV exploration budget

Mining News Pro - The exploration arm of mining major Rio Tinto will spend A$9.2-million on exploration at the Citadel copper/gold joint venture (JV), in Western Australia, during 2020.

Global exploration budget declines 3% in 2019

Mining News Pro - Global exploration budget for nonferrous metals decreased by 3% last year to an estimated $9.8 billion from $10.1 billion in 2018, according to S&P Global Market Intelligence’s latest World Exploration Trends report. The decline in planned spending halts a two-year rebound in the exploration sector.

Trump budget proposes $150m for creation of uranium reserve

Mining News Pro - President Donald Trump’s 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors.

IMPASCO’s Member of the Board;

More than 50% of World’s Exploration Budget Belongs to Gold

Mining News Pro - In an interview with Mining News Agency, member of the board of Iran Minerals Production and Supply Company said according to the researches of Iran’s Geology Organization and Mining Exploration, gold is one of the minerals which is high priority..

Southern Copper reviewing Tía María’s budget

Mining News Pro - Southern Copper’s VP of Finance, Raúl Jacob, said this week that the company is evaluating the possibility of making changes to the Tía María project’s $300-million development budget.

Miners are budgeting for a recovery in copper

Mining News Pro - Don’t listen to what miners say. Look at what they do.

Roxgold rocks it on schedule, under budget at Bagassi South

Mining News Pro - The project, which increases capacity by almost 50% from 750t per day (270,000t per year) to 1,100t/d (400,000t/y), wrapped up both ahead of schedule and 10% - about US$2.8 million - under budget.v

Roxgold completes Bagassi South project under budget

Mining News Pro - Roxgold Inc. (Roxgold) has announced that the Bagassi South project has been completed under budget and on schedule with the successful practical completion of its process plant expansion.

Global exploration up 19%; cobalt/lithium budgets soar

Mining News Pro - The budget for global non-ferrous exploration has increased by 19% year-on-year, to $10.1-billion, new data from S&P Global Market Intelligence has revealed.

Global non-ferrous budgets up 19%, S&P

Mining News Pro - Estimated global non-ferrous exploration budgets, 1996- 2018. (Image: S&P Global Market Intelligence)

B2Gold increases exploration budget at Fekola North

Mining News - TSX-listed B2Gold has increased the exploration budget for the Fekola North Extension zone, in Mali, based on positive exploration drill results, by $3.9-million, to accelerate the current programme, which is extending and infilling mineral resources to the north of the main Fekola deposit.

Last year’s budget of IMIDRO was 750 billion IRRs but we only received 160 billion IRRs

Mining News Agency -Mehdi Karbasian expressed of Last year’s budget which has been allocated to IMIDRO was 750 billion IRRs but we only received 160 billion IRRs.

Zinc exploration budgets expected to outperform in 2018

Mining News Agency -While budget allocations for most commodities are expected to increase this year as the recovery in the mining industry continues, zinc will outperform owing to the strong prices seen in 2017, the latest report from S&P’s Global Market Intelligence’s Metals & Mining team states.

Resolute Mining sells 72,000oz of gold above budget price

Mining News Agency -Resolute Mining has implemented a gold hedge following sales of 72,000 ounces of gold at an average price of $1715 per ounce, representing a premium over its budget $1600 price.

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