The database is the result of direct investor demand following our inaugural Mining Journal Select conference in 2018, which sought to critically assess mature, pre-production investment opportunities and present only those of adequate quality. That selection process was time intensive and subjective so we have now formalised the procedure to be streamlined and scientific.
The broader concept recognises the difficulty investors face in sifting through the plus-2,000 listed resources equities to identify the few worth greater investigation. What makes this challenge more acute is the varied ways in which companies report key metrics.
Here, for each asset, we present 24 metrics central to investment decisions, normalised by unit and currency. Metrics are baked into our ratings formula that, while still in its raw form, has been built around industry consultation.
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INTRODUCTION
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
The wheat from the chaff
This development-asset rating system and database is the formalisation of a concept designed for our Mining Journal Select event.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Methodology
The basis of selection and presentation of project metrics is investor relevance and like-for-like comparisons.
OTHER COMMODITIES
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Potash outlook
On July 31, 1790, president George Washington signed the first patent ever issued in the United States.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Uranium outlook
Nuclear power remains important to many countries when it comes to energy fuel diversity, which is critical for economic and national security reasons, as well as meeting reduced global CO2 emissions targets.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Thermal coal outlook
Thermal coal is one of the major fossil fuels used to generate energy, underpinning the industrial revolution, yet it has come under public scrutiny in recent times for its unrivalled carbon dioxide-emitting qualities.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Metallurgical coal outlook
Metallurgical coal, or coking coal, is regrettably lumped in with its politically unpopular cousin, thermal coal, by some unsophisticated investors.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Iron ore outlook
Essential to the production of steel, iron ore was thrown into the spotlight following the deadly collapse of a tailings dam at the Brazil-based Brumandinho mine operated by Vale earlier this year
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Crown Mountain
Jameson Resources holds a 90% interest in the Crown Mountain coking coal project which is located in the Elk Valley coal field in south eastern British Columbia, Canada.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Tenas
Telkwa Coal, a fully owned subsidiary of Allegiance Coal, is proposing to develop a surface mine called the Tenas project within the Telkwa coalfield in northwest British Columbia, Canada.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Fort Cady
American Pacific Borate delivered an enhanced definitive feasibility study for the Fort Cady borate project located in California, US, in January 2019.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Salamanca
In July 2016, Berkeley Energia published the results of a definitive feasibility study confirming that the Salamanca project in Spain will be one of the world’s lowest cost uranium producers.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Muga-Vipasca
Highfield Resources’ Muga-Vipasca development is some 50km to the southeast of Pamplona, within the communities of Undués de Lerda and Urriés, (Aragón), Sangüesa and Javier (Navarra).
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Khemmiset
The Khemisset potash project is in northern Morocco, about 90km from the capital city, Rabat, and the planned bulk port of Kenitra Atlantique, and 150km from the port of Mohammedia.
BASE METALS
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Copper outlook
The intrinsic value of copper, reflected in its use by a breadth of industrial and service sector employment – from energy utilities to plumbers and roofers – has ensured this commodity remains heavy in demand, doubling over the past 25 years.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Zinc Outlook
When it comes to price performance, the base metal languished well below its base metal peers over the course of 2018.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Tin outlook
Tin is primarily mined in Asia, with China and Indonesia historically fulfilling much of the global demand.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
BKM
Asiamet’s flagship copper project, BKM, sits within the eastern area of the Kalimantan Surya Kencana (KSK) contract of work in Indonesia.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Florence
The Florence copper project in Florence, Arizona is owned by Taseko Mines.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Ilovica
The Ilovica property is located in the southeast of Macedonia, approximately 15km to the west of the border with Bulgaria.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Kalongwe
The Kalongwe copper-cobalt project in the Democratic Republic of the Congo (DRC) is owned by Kalongwe Mining under a joint venture agreement between Nzuri Copper, La Generale Industrielle et Commerciale au Congo and the DRC government.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Pumpkin Hollow
Nevada Copper’s Pumpkin Hollow project lies 140km southeast of the town of Reno in Nevada, US. The property hosts an underground mine (in construction) and, approximately 4km west, a permitted open-pit development project.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Kipushi
The Kipushi project lies in the DRC province of Haut-Katanga approximately 30km southwest of the capital Lubumbashi. Ivanhoe Mines acquired its 68% interest in the project in 2011 and the other 32% is held by the DRC state-owned mining company, Gécamines.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Nash Creek
Callinex’s Nash Creek zinc project is located in Restigouche County in northeast New Brunswick, Canada.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Tala Hamza
Terramin’s Tala Hamza zinc project is located 15km from the city of Béjaia in Algeria.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Prieska
The Prieska base metal project in the Northern Cape province of South Africa is 270km southwest of Kimberley with excellent access to infrastructure.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
South Crofty
Strongbow Exploration’s South Crofty tin project in Cornwall, southwest England, is a piece of industrial and cultural history that the company is looking to shape into a future producer.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Alpala
The Alpala deposit is the main target in SolGold’s Cascabel concession in Ecuador, within the northern section of the prolific Andean Copper Belt.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Prarie Creek
Prairie Creek scored low on economics but performed relatively well on geology and financeability, and very well on confidence resulting in an average rating overall.
PRECIOUS METALS
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Gold outlook
The legendary market analyst and commentator, Richard Russell, once observed: “Gold always does what it should do; it just never does it when we think it should.”
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Silver outlook
If gold is the sweat of the sun, so the Incas said, then silver is the tears of the moon. To be fair, long-term investors in silver might have cause to cry more than most.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Platinum outlook
I have looked at PGM prices for more than 20 years and, during that time, they appear to have been permanently beset by unquantifiable stockpiles.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Gruyere
The 50:50 Gruyere joint venture was established on the back of Gold Road Resources’ 2013 discovery in Western Australia.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Buritica
The Buriticá Project is located 72km northwest of Medellín in north-western Colombia.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Cerro Blanco
The Cerro Blanco gold project is located in southeast Guatemala approximately 160km by road from the capital, Guatemala City
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Fruta del Norte
Lundin Gold’s Fruta del Norte project is situated 139km north east of the city of Loja in Ecuador.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Jeanette
Taung Gold’s Jeanette mine is located in South Africa’s Free State province. The project shares a boundary with Harmony Gold’s Target mine.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Kalana
Located 270km south of Bamako, the capital city of Mali, Endeavor Mining Corp describes its Kalana project as a “high-quality gold asset”.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Magino
The Magino project is located on the site of a former underground gold mine.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Moss Lake
The Cerro Blanco gold project is located in southeast Guatemala approximately 160km by road from the capital, Guatemala City.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Sugar Zone
Harte Gold’s 100% owned Sugar Zone property is located in Ontario, Canada, approximately 80km east of the Hemlo gold camp.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Theta Hill
Theta Gold Mines is developing a goldfield in South Africa’s Mpumalanga province, 370km northeast of Johannesburg. Named the TGME project, after the original TGME company, the project incorporates the Beta and Theta gold reefs.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Volta Grande
Belo Sun Mining’s Volta Grande gold project is located in Pará State, Brazil, approximately 60km south-east of the city of Altamira.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Namdini
The Namdini mining licence is located about 50km southeast of the regional town of Bolgatanga, the capital of the Bolgatanga Municipal District and Upper East Region of north Ghana.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Santa Luz
Leagold Mining’s Santa Luz redevelopment in Brazil began its former operating life in 2013 but was shut down in 2014 by a previous owner to focus on optimizing gold recoveries.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Tavsan
Ariana Resources is a junior producer well known to the London market, which has been building a modest portfolio of gold assets in Turkey.
BATTERY METALS
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Lithium outlook
In 2018, there was a correction in lithium carbonate pricing, which continued throughout the year.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Cobalt outlook
The bottlenecked nature of the cobalt market – the Democratic Republic of Congo (DRC) is responsible for 75% of global production – is a concern to most automotive companies or lithium-ion battery manufacturers involved in the electric vehicle (EV) supply chain.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Graphite outlook
The past 12 to 18 months have been a relatively stable period for natural-flake graphite prices across grades and purity levels.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Nickel outlook
Last year was a tale of two halves for nickel. LME cash prices experienced strong increases in the first half, however, this positive run lasted only until June 2018.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Araguaia
Araguaia is a Tier 1 mining project located south of the Carajás Mining District in the Pará State, north east Brazil.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Matawinie
Nouveau Monde’s Matawinie graphite project is situated 150km north of Montreal in Quebec, Canada.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Mahenge
Black Rock Mining’s Mahenge graphite development is in Tanzania’s Ulanga district.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Cinovec
Cinovec is wholly owned by European Metals. The project hosts the largest lithium deposit in Europe, and the fourth largest non-brine deposit in the world as well as a significant tin resource.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Earl Grey
The Earl Grey lithium project in Mt Holland, Western Australia, is jointly owned by Kidman Resources and SQM.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Pak
The PAK Lithium project is located 175km north of Red Lake, in north western Ontario, Canada.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Zulu
Premier African Minerals’ Zulu lithium and tantalum project is located 80km from Bulawayo in Zimbabwe.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Idaho Project
The Idaho cobalt project is eCobalt’s flagship operation located near the town of Salmon in Idaho, US.
MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Mount Peake
The Mount Peake vanadium-titanium-iron project is hosted by the Arunta Geological Province, some 80km northeast of Alice Springs in the Northern Territory.
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MINING JOURNAL PROJECT PIPELINE HANDBOOK 2019
Mining Journal Project Pipeline Handbook 2019 ePublication
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