Sweden's Arctic Railway Prepares for a More Militarized Future
There had been another accident in the area, the second in less than three months. It would be almost two weeks before trains could resume their travel along Malmbanan, or the Iron Ore Line, between the world's biggest underground iron ore mine and the export port on the coast of Norway. Her first thoughts were of sabotage.
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Lundin Gold Inc (LUGDF) Q2 2025 Earnings Call Highlights: Record Revenues and Exploration ...
Release Date: August 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Lundin Gold Inc (LUGDF) reported record revenues of $453 million for Q2 2025, a 50% increase compared to the same quarter in 2024. The company achieved a record net income of $197 million, up 65% from the previous year. Free cash flow grew by 110% to $236 million, enabling a total dividend of $0.79 per share. The company raised the lower end of its 2025 production guidance from 475,000 to 490,000 ounces of gold. Lundin Gold Inc (LUGDF) reported significant exploration progress, including promising results from the FDNS and FDNE projects and the discovery of a new copper-gold porphyry system at Sandia. Negative Points Higher gold prices have increased operating costs, with an approximate $70 per ounce rise in costs due to the higher gold price. The company expects to be at the high end of its cost guidance ranges due to increased expenses for royalties and employee profit sharing. Sustaining capital expenditures are expected to increase in the second half of the year due to ongoing infrastructure improvement projects. There is a potential moderation in the mill head grade expected in the second half of the year. The company faces challenges in optimizing recoveries and throughput, with some bottlenecks identified in the concentrate dewatering process. Q & A Highlights Q: How should we think about grades relative to the first half of the year? A: Terry Smith, Chief Operating Officer, mentioned that they expect grades between 9 and 10 grams per ton for the balance of the year, closer to 9 grams per ton. Q: Can you provide more details on the exploration focus at Banza Sour? A: Ron Hofstein, President and CEO, explained that their focus has shifted as Banza Sour is now seen as part of a potentially much larger complex. It doesn't make sense to release a small resource estimate when the area could be much larger. Q: Should we expect an uptick in recoveries and minimal downtime in H2 after the mill relining and commissioning of Jameson cells? A: Terry Smith confirmed that while there will be a bit of downtime in November for relining, they don't anticipate significant downtime for the rest of the year. Recoveries are expected to remain around 90%. Q: What are the plans for increasing throughput to 5,500 tons per day in 2026, and is there potential to reach 6,000 tons per day? A: Ron Hofstein stated that they are working on optimizing current operations to reach 5,500 tons per day by January 1, 2026. They are also exploring the potential to exceed this target, possibly reaching 6,000 tons per day, with engineering studies underway. Q: What is the approach to exploring the porphyry corridor, and will there be a focus on detailed definition or broader exploration? A: Ron Hofstein indicated that the focus will be on the corridor between Sandia and Trancoloma. They have increased the number of rigs and are concentrating on this area to better understand its potential. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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Lithium Prices and Stocks Soar as Chinese Firm Suspends Major Mine's Operations
Key Takeaways Chinese battery manufacturer Contemporary Amperex Technology Co., or CATL, reportedly suspended operations at one of the world's largest lithium mines. The CATL mine in the region of Yinchun, in China's Jiangxi province, provides an estimated 6% of the world's supply of lithium. The news sent lithium prices higher, and lifted shares of producers, including of Albemarle (ALB) and other lithium producers took off on reports big Chinese battery maker Contemporary Amperex Technology Co., or CATL, said it was suspending production at one of the largest mines in the world. The news sent lithium futures soaring. Albemarle shares were up close to 8% in recent trading. Sociedad Quimica y Minera, or SQM (SQM), saw its shares jump 7%. CATL's license for its Jianxiawo lithium mine in the region of Yinchun, in China's Jiangxi province, expired Aug. 9, and the company said it is applying to renew it as soon as possible, according to a Reuters report. The CATL mine accounts for an estimated 6% of all global lithium output, Bloomberg reported, citing Bank of America research. It noted that the license expiration has raised fears the Beijing government could suspend other projects. The latest mining halt comes after another Chinese lithium miner suspended production in July. Read the original article on Investopedia
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Lindian secures approval for Kangankunde Rare Earths project expansion
Lindian Resources, an Australian Securities Exchange (ASX)-listed entity, has obtained formal approval from the Malawi Mining and Minerals Regulatory Authority (MMRA) to extend its mining licence area for the Kangankunde Rare Earths Project from 900 hectares (ha) to 2,500ha. The approval expands the company's Medium Scale Mining Licence ML0290/22, situated in the Balaka District, Malawi. It broadens Lindian's operational scope and allows for the expedited progression of the project's stage two expansion. The endorsement from the Malawian Government provides a level of regulatory certainty that is expected to mitigate risks associated with the development of the expansion, which will run concurrently with the existing stage one process plant development. The expansion is subject to the completion of a feasibility study and the necessary clearance from the Malawi Environment Protection Authority within a six-month period. Lindian has indicated that this expansion will lead to increased job opportunities, local procurement and infrastructure improvements in the Balaka district. The enlarged licence area is expected to boost production capacity from the initial stage one target of 15,300 tonnes per annum (tpa) of monazite concentrate to an estimated 75,000–100,000tpa. The new licence area will facilitate modular development, phased infrastructure implementation and flexible production strategies that can adapt to market changes. The project is noted for its high-grade deposit, featuring a total rare earths oxide (TREO) grade of 2.9% over the life of the mine and a 3.1% TREO for the first five years, producing a monazite concentrate with a 55% TREO grade, characterised by low levels of deleterious elements and radionuclides. Lindian has secured interest from various offtake parties including Iluka for long-term partnerships. A recently established binding strategic partnership with Iluka encompasses both stage one and stage two production expansions. The stage two expansion will incorporate a right of first refusal (ROFR) mechanism, allowing Iluka to provide project financing and secure additional offtake volumes. If Iluka offers debt funding covering at least 50% of the stage two expansion costs, its ROFR will apply to a maximum of 25,000 dry tonnes per annum of additional concentrate for a duration of 15 years, amounting to a total of 375,000t. With this approval, a substantial high-grade resource available and Iluka's strategic partnership in place for stage two, Lindian Resources is set to formulate a modular production plan alongside the ongoing stage one process plant development. Lindian Resources executive chairman Robert Martin said: 'The upgrade of our Stage 2 expansion area from an exploration licence to a mining licence allows Lindian to work in parallel on our larger Stage 2 expansion whilst using the learnings from the development of our Stage 1 production facility to ensure that we optimise our processing flow sheets and recoveries. 'This will also allow Lindian to capitalise on our ability to be the next rare earth producer to market and to capture a larger market share. 'The company continues to field additional inbound enquiries and is currently working on multiple pathways for further strategic offtake and funding agreements and will update the market in due course.' "Lindian secures approval for Kangankunde Rare Earths project expansion" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
