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West African sets targets for 2023

Gold miner West African Resources has set a production guidance of between 210 000 oz and 230 000 oz for the 2023 financial year, with the company expected to spend some $27-million to grow its Sanbrado operations, in Burkina Faso. In the 2022, West African...

Mining companies face growth dilemma

High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China’s reopening and the role of minerals in decarbonising the economy. Although years...

OZ recommends BHP bid amid power price rise

OZ Minerals’ quarterly report has been released, showing 124,065 tonnes of copper produced – below the 127,000-tonne minimum target. The company has also warned that the cost of producing South Australian copper may rise a further 10 per cent in 2023. With the upfront...

Lynas enjoys quarterly revenue rise

Lynas’ Mt Weld rare earths mine north of Kalgoorlie-Boulder. Lynas Rare Earths has released its December 2022 quarterly report, showcasing a 14.8 per cent bump in revenue. Demand for major minerals mined by Lynas are on the rise as countries push to reduce carbon...
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