Proactive weekly mining highlights: Glencore, Rio Tinto, Kodal Minerals...

A selection of the week's mining company stories in brief

Glencore PLC -

Glencore PLC (LSE:GLEN) (LSE:GLEN) said it expects full-year underlying earnings (EBIT) to be at the top end of its US$2.2bn-US$3.2bn guidance range after a storming first half for its marketing business.

In a production report covering the first half of the year, the mining and commodities trading group said its key copper and zinc businesses produced in line with expectations but nickel and coal volumes were hampered.

Rio Tinto PLC (LSE:RIO) (LSE:RIO) announced one of the largest dividend payments ever seen in London after earnings in its latest half-year more than tripled. The miner said it would pay out US$9.1bn to shareholders through a combination of an ordinary dividend of US$6.1bn (376c)and a special dividend of US$3bn (185c)

Kodal Minerals PLC (LSE:KOD) (LSE:KOD) said drilling results returned wide, high-grade intersections of gold mineralisation at the Nielle Concession in northern Côte d'Ivoire.

Ariana Resources PLC (AIM:AAU, FRA:4A6) (AIM:AAU, FRA:4A6) announced better-than-expected gold production from the Kiziltepe mine in the first half of 2021. The mine, a joint venture, produced 7,941 ounces of gold in the first six months, exceeding the forecast by about 19%.

Chaarat Gold Holdings Ltd (AIM:CGH, FRA:9IS) (AIM:CGH, FRA:9IS) produced just under 26,000 ounces of gold equivalent from its Kapan mine in Armenia during the six months to June 2021.

Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF, FRA:G2V2) (AIM:GAL, TSX-V:GAL, OTC:GALKF, FRA:G2V2) said it will imminently start an initial Phase 1 surface and underground exploration programme, comprising of 4,000 metres of diamond drilling, at the Omagh gold mine in Northern Ireland.

Pembridge Resources PLC (LSE:PERE) (LSE:PERE) said drilling started on July 20 as planned in the Minto North area of the Minto copper-gold-silver mine in Yukon, Canada. The exploration drilling programme will explore undeveloped parts of the licensed Minto claims

Oriole Resources PLC (LSE:ORR, FRA:S1Y) (LSE:ORR, FRA:S1Y) said joint venture partner IAMGOLD Corporation completed its Phase 1 drilling programme at the Faré prospect, part of the Senala project in Senegal.

Empire Metals Ltd (AIM:EEE) (AIM:EEE) said the latest phase of drilling at the Eclipse gold project in Western Australia delivered encouraging results and confirmed the existence of several parallel veins in addition to the main Eclipse vein.

Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF, FRA:HGR) (LSE:APF, TSX:APY, OTC:AGPIF, FRA:HGR) is optimistic about the remainder of 2021 after the natural resources royalty and streaming company saw its portfolio contribution fall in the first half.

Bradda Head Holdings Ltd (AIM:BHL) (AIM:BHL) has doubled the size of its acreage in Western Arizona through staking ground adjacent to its existing land package. The new claims are next to the existing Burro Creek East, Burro Creek West, and Wikieup clay deposits

Caerus Mineral Resources Plc (LSE:CMRS) (LSE:CMRS) offloaded the Black Pine nickel-cobalt project and associated licences in Southern Cyprus for £0.5mln (A$0.9mln) in a cash and shares deal with Aeramentum Resources Pty Ltd.

Jangada Mines PLC (AIM:JAN, FRA:JMU) (AIM:JAN, FRA:JMU) reported a 45% jump in estimated resources at its Pitombeiras ferrovanadium project in Brazil. The total mineral resource estimate was increased to 8.26 million tonnes and comprises of results from three exploration target areas

Base Resources Limited (AIM:BSE, ASX:BSE, FRA:B4Z) (AIM:BSE, ASX:BSE, FRA:B4Z) highlighted ongoing strong demand and said all its products are supported by price increases in the quarter.

Anglesey Mining PLC (LSE:AYM, FRA:4AO) (LSE:AYM, FRA:4AO) has appointed Jonathan Battershill as chief executive with effect from 1 August 2021.  Battershill is a mining geology graduate from Camborne School of Mines and has extensive experience both in operations and in finance in Australia and in the UK

Metal Tiger PLC (AIM:MTR) (AIM:MTR) highlighted quarterly updates from Sandfire Resources Ltd and two more of its natural resource investments. Sandfire, in which it holds 3.4% stake, reported strong sales for the June quarter and exceeded its FY2021 copper production guidance,

Alien Metals Ltd (LSE:UFO) (LSE:UFO) has allowed the exclusivity agreement with the owner of the tailings project located at the Elizabeth Hill silver project site in Western Australia to come to an end.

Salt Lake Potash Limited said it made substantial progress on the Lake Way sulphate of potash project in the second quarter of 2021 in Australia. Construction of the Lake Way process plant was finalised with GR Engineering Services handing over the plant for Salt Lake Potash (SO4) to operate.

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