Newcrest has received approval from the New South Wales (NSW) Department of Planning and Environment to use the first 200m of the old Cadia Hill open pit as a tailings storage facility. Newcrest is currently installing the pipeline infrastructure to enable this to occur, with utilisation of the open pit as a storage facility expected to commence in the first week of May 2018.

In conjunction with the Southern Tailings Facility, this permit will create sufficient storage capacity to enable Cadia to progressively return to full production rates for approximately 16 months. In this period, Newcrest will look to define and commence the optimal repair solution for the Northern Tailings Facility (NTF) while simultaneously working on permitting the remaining 300m of the Cadia Hill open pit for tailings storage.

Newcrest continues to review and determine the cause of the NTF embankment slump. A prohibition notice issued by the NSW Resources Regulator on depositing tailings in the NTF remains in place.



Guidance for Cadia will be updated in the March 2018 Quarterly Report which is scheduled to be released on 26 April 2018.

As a result of using the Cadia Hill open pit as a tailing storage facility, it is likely, subject to further study, that the existing Ore Reserve containing approximately 1.5Moz gold and 0.13 Mt of copper and Mineral Resource containing approximately 3.0Moz of gold and 0.27Mt of copper will ultimately be forgone. Mineral Resources are reported inclusive of Ore Reserves. Newcrest has determined that the value of Cadia Hill as a long-term tailings storage solution is much greater than the economic value of the remaining Ore Reserves and Mineral Resources of the Cadia Hill open pit.

The information in this release that relates to Mineral Resources or Ore Reserves has been extracted from the release titled “Annual Mineral Resources and Ore Reserves Statement – 31 December 2017 and Explanatory Notes to the Annual Mineral Resources and Ore Reserves Statement – 31 December 2017” dated 15 February 2018.

Newcrest confirms that it is not aware of any new information or data that materially 
affects the information included in the original release and, in the case of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original releases continue to apply and have not materially changed. Newcrest confirms that the form and context in which the competent person’s findings are presented have not been materially modified from the original releases.

ArcelorMittal announces that it has been granted merger clearance by the European Commission for AM Investco Italy Srl (AM Investco)’s proposed acquisition of Ilva S.p.A (Ilva).

EC merger clearance follows the conclusion of the Commission’s Phase II investigation into the proposed acquisition of Ilva, and has been granted on the basis that the Company has committed to dispose of assets in Italy, Romania, Macedonia, Czech Republic, Luxembourg and Belgium, as previously announced on 13 April 2018.

Approval by the EC is a significant milestone in the transaction to acquire Ilva and represents a major step towards closing the deal, which is now expected to occur as soon as possible.

Anglo American Platinum announced today that Primus Power, the leading long-duration energy storage provider, will be installing eight EnergyPod® battery systems at their Amandelbult mine, in the Limpopo province, South Africa.

The energy storage project at Amandelbult
deepens the ongoing partnership between the companies. Having first invested in Primus Power through the Platinum Group Metals Development Fund (PGMDF) in 2014, Anglo American Platinum is both a strategic investor in Primus and a supplier of the platinum group metals (PGMs) used as a catalyst on the titanium electrodes inside the EnergyPod.

 

The eight EnergyPods will provide Amandelbult with 200 kW of power and 1,000 kWh of energy. These batteries are charged when demand for, and cost of grid electricity, is low. During times of peak, high cost electricity, the charged batteries release stored energy and reduce the mine’s draw from the grid.

The project at Amandelbult also complements recent support received from the U.S. Trade and Development Agency to demonstrate EnergyPod performance, reliability and durability at Eskom, the national utility of South Africa. Anglo American Platinum, Primus and Johannesburg’s SolAfrica are closely cooperating on testing four EnergyPods at Eskom’s large-scale energy storage test facility in Rosherville, Johannesburg.

Andrew Hinkly, CEO of Anglo American Platinum’s PGM Investment Programme, puts the benefits in perspective: “We are very excited to further our partnership with Primus. EnergyPods allow Amandelbult to realize an immediate monthly reduction in electricity costs and an improvement in energy security. Moreover, this project will also lay the groundwork to define future local South African manufacturing and assembly opportunities for the technology.”

“South Africa represents an important growth area for Primus”, states Tom Stepien, CEO of Primus. “Our long duration batteries will save Anglo American money and support their energy security, environmental and socio-economic goals. We look forward to deepening our relationship with them and our other partners in this vital market.”

This initiative forms part of Anglo American Platinum’s work to update the existing Sustainability Strategy and Implementation Plan, which is in response to the Anglo American Group’s Sustainability Strategy, recently launched in March this year. This will see the company build off existing sustainability strategies for each operation, updating them to incorporate a focus on three pillars – Healthy Environment, Thriving Communities, and Trusted Corporate Leader.

Fortescue Metals Group (Fortescue) today celebrated the export of its one billionth tonne of iron ore, a decade after the company’s first commercial shipment from Port Hedland.

Fortescue Chief Executive Officer Elizabeth Gaines was joined at the celebration at Herb Elliott Port by Parliamentary Secretary to the Treasurer, Minister for Finance, Energy and Aboriginal Affairs Reece Whitby, Port Hedland Mayor Camilo Blanco, Fortescue employees and members of the Port Hedland community.

Ten years after Fortescue first exported its ore to Shanghai Baosteel’s Majishan Port, the billionth tonne will head to China aboard Fortescue’s ore carrier ‘FMG Sophia’.

Fortescue’s Founder and Chairman, Andrew Forrest AO said Fortescue has achieved what many people thought was impossible: to build a company from a start up to a global leader in the mining industry without losing its heritage, identity and never ever give up family culture.

“A decade ago, when we shipped our first 180,000 tonnes of ore to China, I said it was a phenomenal achievement of sheer hard work, of guts and grind over scepticism, of character over doubt. The same can be said today as we reach one billion tonnes of ore shipped,” Mr Forrest said.

Ms Gaines said Fortescue is very proud of the company’s ongoing and significant contribution to the State, and the commitment to ensuring communities benefit from the growth and development of Fortescue’s business.

“Since Fortescue was founded, we have invested over US$22 billion in our world class infrastructure and assets. We have paid corporate tax of more than A$3 billion and royalties to the State of more than A$4.5 billion.”

“Significantly, we have also awarded A$2 billion in contracts to Aboriginal businesses and joint ventures, and nearly 800 Aboriginal people have commenced employment with Fortescue through our Vocational Training and Employment Centre (VTEC) program.”

“I would like to thank the Fortescue team, including our contractors and suppliers; one billion tonnes of ore shipped in only a decade is a testament to everyone’s hard work, dedication and innovation,” Ms Gaines said.Since first ore on ship in 2008:

30,600 trains have completed dumping at the Port Hedland Over 5,000 ships have left Fortescue’s Herb Elliot Port

PJSC MMC Norilsk Nickel, the largest palladium and refined nickel producer in the world, announces today preliminary consolidated production results for the first quarter 2018.

First Vice-President, Chief Operating Officer, Sergey Dyachenko commented on the 1Q18 production results: “As the main phase of our downstream reconfiguration program was completed last year and thus work-in-progress inventory levels got normalized, the Company increased production of all key metals in the first quarter of this year. In addition, the Company also actively processed copper concentrate purchased from Rostec. As a result, metal production from the Company’s own Russian feed increased in the first quarter by 8–22% year-on- year.

Furthermore, Norilsk Nickel Harjavalta was almost 100% loaded by the Company’s Russian feed. In April 2018, the first batch of copper concentrate, produced during the hot commissioning stage aiming at reaching the project’s target parameters at Bystrinsky GOK (Chita Copper Project), was shipped to Chinese customers. We have however reduced the 2018 production targets for the Chita project due to the ramp-up issues at the FLS and Outotec supplied equipment, which we plan to sort out in this quarter. This year, Kola MMC’s nickel refining capacity is scheduled for intensive modernization and transition to a new chlorine leaching technology. Overall, we confirm our 2018 targets for metal production from our own Russian feed.”

Nickel
In 1Q18, consolidated nickel production amounted to 54 kt increasing 1% year-on-year (y-oy).Nickel output from the Company’s own Russian feed increased 8% y-o-y to 53 kt. The growth was mainly attributed to the increase in processing volumes of nickel matte shipped from Polar division to Kola MMC and Norilsk Nickel Harjavalta as result of downstream reconfiguration.

Copper
In 1Q18, consolidated copper production increased 18% y-o-y to 112 kt. Copper output from the Company’s own Russian feed increased 22% y-o-y to 112 kt mainly owing to an increase in processing of metals’ concentrate purchased from Rostec.

Platinum Group Metals
In 1Q18, palladium and platinum were produced solely from the Company’s own Russian feed,with their volumes increasing 6% y-o-y to 583 koz and 138 koz, respectively. The increase of PGM output was mostly due to the lower base effect of the 1Q17, when PGMs work-in-progress inventory was building up. At the same time, in the reported quarter, the output of palladium and platinum from the Company’s own Russian feed increased 12% and 17% y-o-y, espectively. In 1Q18, production of PGMs from third party feed was stopped due to the practical suspension of third party feed processing at Norilsk Nickel Harjavalta.2 www.nornik.ru


RUSSIAN OPERATIONS
In 1Q18, nickel output at Kola MMC increased by a minor 1% y-o-y to 38 kt, which was driven mostly by the processing of additional volumes of nickel matte shipped from Polar division.In 1Q18, copper output at the Company’s operations in Russia increased 18% y-o-y to 107 kt mainly owing to an increase in processing volumes of metals’ concentrate purchased from Rostec.


In 1Q18, palladium output in Russia increased 7% y-o-y to 571 koz, while platinum output was up 8% y-o-y to 136 koz. The increase of PGM production volumes owed mostly to the lower base effect of the 1Q17, when PGMs work-in-progress inventory was building up.

In 1Q18, almost all saleable metals produced by the Company in Russia were from its own feed.NORILSK NICKEL HARJAVALTA (FINLAND)

In 1Q18, nickel production at Norilsk Nickel Harjavalta increased 2% y-o-y to 16 kt, almost all of which were produced from the Company’s own Russian feed (16 kt, +21% y-o-y). The small growth was attributed to the increase in processing of Russian feed as result of downstream reconfiguration.

In 1Q18, all of the copper produced at Norilsk Nickel Harjavalta was from the Company’s own Russian feed and increased 39% y-o-y to 5 kt. The growth was attributed to the increase in processing of Russian feed as result of downstream reconfiguration.

In 1Q18, output of saleable palladium (palladium in copper cake) reduced 18% y-o-y to 12 koz,while output of saleable platinum (platinum in copper cake) reduced 52% y-o-y to 2 koz. The decrease of PGM output at Harjavalta owed to the substitution of purchased feed from third parties by the Company’s own Russian feed with a lower PGM content.


PJSC MMC NORILSK NICKEL is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium.The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.The production units of «NORILSK NICKEL» Group are located at the Norilsk Industrial District, on the Kola Peninsula and Chita region in Russia as well as in Finland and South Africa.

PJSC MMC NORILSK NICKEL shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC MMC NORILSK NICKEL ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.

Glencore has completed the acquisition of a 49% interest in the Hunter Valley Operations (HVO) coal mine in NSW, following the receipt of regulatory approvals.

The HVO Joint Venture (JV) with Yancoal, which owns a 51% stake, is now established.“We look forward to a successful partnership with Yancoal at the HVO JV and expect it will bring significant benefits for both companies and their shareholders”, said Ian Cribb, Chief Operating Officer of Glencore’s coal business in Australia.

 


About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.

With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 146,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.


About Glencore’s coal business in Australia
Glencore is one of Australia’s largest coal producers with 16 operational mines across New South Wales and Queensland.
We employ over 7,600 Australians and in 2017 managed the production of more than 88 million tonnes of thermal and coking coal, predominantly for export.We have a strong safety and environmental performance and play an active role in the development of low emission coal technology. For more information, please visit www.glencore.com.au

Commander Resources Ltd is pleased to report that its project partner Fjordland Exploration Inc. will fund a minimum $1,200,000 exploration program on the company's South Voisey's Bay nickel-copper-cobalt project (the "SVB Property") located 80 kilometres south of Vale's Voisey's Bay nickel mine in Labrador, Canada. Fjordland's funding will be provided by its strategic investor, High Power Exploration Inc.

The large 29,400 Ha SVB Property is located in central Labrador 80 kilometres south of Vale's Voisey's Bay Nickel mine and covers parts of the Pants Lake Gabbro Complex.


Fjordland recently completed a 1469 metre drill program in which hole 17-6 returned a 3.9 metre interval of semi-massive to massive sulphide comprised of pyrrhotite, pentlandite and chalcopyrite grading 0.37% nickel, 0.27% copper and 0.1 % cobalt at the base of the Worm Gabbro within a sequence of troctolite. Borehole Electro-Magnetic (BHEM) data, collected by Crone Geophysics in November, defined several extremely high conductivity targets in particularly in holes 17-6 and 17-7 where a strong conductor was associated with the intersected sulphides, and an even stronger non-decaying off-hole conductor.

Drilling in 2017 was centred on modeled conductors derived from re-processed historical UTEM-3 surveys conducted in 2002 and 2014.

Targeting incorporated recent geological concepts being successfully applied at the Voisey's Bay Mine wherein structure plays an important ore control role and where massive sulphide accumulations may also occur in wall rock structures. Ongoing processing of historical geophysical surveys completed by previous project operators and aided by recent improved geological insights derived from the recent drilling has outlined numerous untested conductors throughout the property and will form the basis of the 2018 drill program.

Fjordland currently has a 35% project interest. Under the terms of the Commander/Fjordland option agreement, announced on June 5, 2017, Fjordland may earn up to a 100% interest in the property by paying Commander combined cash payments of $290,000, completing $8.0 million in exploration expenditures and issuing to Commander an aggregate of 4.5 million shares of Fjordland.

Upon Fjordland acquiring a 100% interest in the project, Commander will retain a 2% NSR with Fjordland having the right to buy down 50% of the Royalty for a payment of $5,000,000 as a cash payment, or a cash payment equal $2,500,000 plus the issuance of shares having a fair market value of 50% of the buy down amount. Commander will receive a $10,000,000 advance royalty payment at the commencement of commercial production.

Fjordland is 30% held by an affiliate of HPX who have separately entered into a funding agreement with Fjordland to provide up to $7.4 million in expenditures and $290,000 in property payments, following which Fjordland has agreed to assign a 65% project interest in SVB to HPX (see FEX news release dated August 28, 2017).

HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate mineral prospects. The HPX technology cluster comprises systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chair and Chief Executive Officer Robert Friedland.

Robert Cameron, P. Geo. is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release.


About Commander Resources:

Commander Resources is a Canadian focused exploration company that has leveraged its success in exploration through partnerships and sale of properties, while retaining equity and royalty interests. Commander has a portfolio of base and precious metal projects across Canada and significant equity positions in Maritime Resources Corp. (MAE-TSX.V) and Aston Bay Holdings (BAY-TSX.V). Commander also retains royalties from properties that have been partnered, optioned or sold.

Hydro's CEO Svein Richard Brandtzæg has appointed CFO Eivind Kallevik as interim head of Bauxite & Alumina with immediate effect, replacing Silvio Porto, in response to the challenging situation at the Alunorte alumina refinery that is currently operating at 50 percent capacity. Kallevik will at the same time remain in his position as CFO.


Brandtzæg will further commission an independent review of Alunorte by an internationally renowned environmental consultancy, announced measures to assist local communities in Barcarena, and established a project to review and consider further strengthening the robustness of the water treatment at Alunorte, to be led by former head of Bauxite & Alumina Silvio Porto.


"The challenging situation at Alunorte requires a dedicated focus and organization beyond operational competence and capabilities," says CEO Svein Richard Brandtzæg. "I am grateful that Kallevik is prepared to take on this significant responsibility, and that Silvio Porto will lead the important project launched to further strengthen the environmental robustness of Alunorte."


Eivind Kallevik held the position as Head of Finance for Bauxite & Alumina in Brazil for two years before taking up the position as CFO in 2013, as well as leading the business area in an interim period in 2016.


Following a period of extraordinary rainfall, federal, state and local authorities in Brazil have ordered a series of measures over concerns that the rain had led to spills from Alunorte into the nearby Para river and caused contamination. These measures include reducing production by 50 percent at Alunorte and halting operations at its bauxite residue disposal DRS2.


The independent review by the internationally renowned environmental consultancy is expected to announce its conclusions and action plans during the first week of April. The review comes in addition to an already established expert task force leading a comprehensive study of Alunorte, reporting directly to the CEO.


Hydro collaborates with local institutions on humanitarian relief to assist communities in Barcarena within health and water. For neighboring communities Vila Nova, Burajuba and Bom Futuro, Hydro commits to working with local partners and investing in proper water supply. Hydro further commits to work with community, civil society and government to clarify the sources of water pollution and other water-related issues in the Barcarena region.


Hydro will also to review and consider further strengthening of Alunorte's water treatment system as a proactive response to possible future climate and weather changes. This project will be led by Silvio Porto, reporting to Kallevik.


Hydro is South America's biggest aluminium company after acquiring Brazilian mining company Vale's aluminium assets in the state of Pará in 2011. Alunorte is the world's largest alumina refinery, employs around 2,000 people and has a nameplate capacity of an annual 6.3 million tonnes. Hydro owns 92.1 percent of Alunorte.

Zinc One Resources Inc. is pleased to provide an update on the current drill program at its Bongará Zinc Mine project located in north-central Peru.

As previously reported , the Peruvian Ministry of Energy and Mines approved 124 drill platforms with up to three drill holes per platform along the 1.4-kilometre trend that includes the Bongarita, Mina Chica, and Mina Grande high-grade zinc mineralization at or near the surface. The Bongarita and Mina Chica are of particular interest because they have never been drilled.



Two portable drill rigs operated by Energold Drilling Group are currently on site. To date, 31 drill holes have been completed at Bongarita by the first drill rig and seven drill holes have been completed at Mina Grande Sur by the second drill rig. Core samples from most of this drilling have been sent for laboratory analysis. Once drilling at Bongarita and Mina Grande Sur is completed, the rigs will be moved to the Mina Chica and Mina Grande Centro areas.


Jim Walchuck, President and CEO of Zinc One commented, "The drill program is proceeding as planned and we expect the initial results from the lab towards the end of Q1 2018. Bongará continues to reveal high-grade zinc results based on results from the recently completed sampling program (see Company news releases*) along the 1.4-kilometre trend of surface and near-surface zinc mineralization. Drilling along this trend will provide us with additional confidence in the high grades of zinc already recognized in the area and at least ten of the historic drill holes will be twinned to verify and validate historic assays.

The drilling will also establish thicknesses and better delineate the mineralization at Bongarita, Mina Chica, and Mina Grande. More importantly, it allows us to complete an initial resource estimate. Following completion of the drill program, we will focus on completing a Preliminary Economic Assessment and continue our metallurgical testing."

Future Drilling Planned
Within the next 30 days, the Company plans to file a new permit application to drill approximately an additional 400 platforms in areas surrounding the current drill program. The objective of this planned drilling will be to delineate and expand mineral resources beyond that which will be delineated by the current drill program.

Focus will be along the eastern, western, and southern edges of the Mina Grande Sur area, between Mina Chica and Bongarita, and between Mina Chica and Mina Grande Norte. These are areas that past exploration work did not sufficiently explore and which the current program could not include.

In addition, the Company is considering a program comprised of 40 drill platforms at Campo Cielo, which has promising exploration upside due to its proximity to Bongarita. This area has been subject to past trenching and sampling that revealed high-grade zinc at or near the surface similar to the outcropping mineralization at Mina Chica and Mina Grande.

Geology and Discussion of Results

The zinc mineralization at Bongará is hosted by carbonate rocks and is classified as a Mississippi Valley-type deposit. The mineralization is stratabound and is basically a tabular body with irregular boundaries. Hydrozincite, smithsonite, hemimorphite, and baumite are the primary zinc minerals that are hosted primarily by heavily-weathered fractured dolomites and dolomite breccias. At Bongarita specifically, mineralization is exclusively hosted by soils. Overall, the mineralization is focused along the axis of a doubly-plunging anticline as well as within the eastern flank of the anticline.

Qualified Person

The technical content of this news release has been reviewed, verified and approved by Dr. Bill Williams, COO and Director of Zinc One, a qualified person as defined by National Instrument 43-101.

About Zinc One Resources Inc.

Zinc One is focused on the exploration and development of prospective and advanced zinc projects in mining-friendly jurisdictions. Zinc One's key assets are the Bongará Zinc Mine Project and the Charlotte Bongará Zinc Project in north-central Peru. The Bongará Zinc Mine Project was in production from 2007 to 2008, but was closed due to the global financial crisis and concurrent decrease in the zinc price.

Past production included 20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte Bongará Project, which is nearly six kilometres to the NNW and where past drilling intercepted various near-surface zones with high-grade zinc. Zinc One is managed by a proven team of geologists and engineers who have previously constructed and operated successful mining operations.

Portofino is pleased to announce that it has executed a binding agreement with a private Argentine concession owner to acquire a 100% interest in the Yergo and Yergo 2 lithium brine salar projects in Catamarca, Argentina which comprise over 3,500 Hectares ("Ha").

The property locations can be viewed on the property map link below:

Portofino Resources — Catamarca Lithium Projects

The Yergo (2932 Ha.) project is located 30 kilometres ("km") south of Portofino's Project II, and approximately 20 km south-east of Neo Lithium Corp's 3Q project.


The Yergo 2 project (614 Ha) is located approximately 20 km south of the Company's Rio Grande Sur project and 23 km west of the Antofalla salar currently being explored by Albermarle Corporation.

To acquire a 100% interest in the properties, Portofino has agreed to make annual escalating payments to the vendor over a 27-month period totalling US$500,000 as follows:
                  a)    US$30,000 on signing,
                  b)    US$20,000 within 3 months,
                  c)    By the 15 month anniversary of TSX-V approval- US$125,000,
                  d)    By the 24 month anniversary of approval- US$150,000,  
                  e)    By the 27 month anniversary of approval- US$175,000

The Company is not aware of any historical exploration work previously completed on the Yergo projects.


About Portofino Resources Inc.

Portofino is a Vancouver, Canada based Company focused on acquiring, exploring and developing mineral resource projects in the Americas. The Company has executed agreements pursuant to six prospective lithium salar properties in Catamarca, Argentina and currently holds an interest in over 17,000 Hectares.

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