Новости за 14.02.2019

Just seven weeks into the job, Barrick Gold’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America. Barrick’s main project, the Veladero joint venture with Shandong Gold in Argentina, isn’t performing like a tier one asset, Mark Bristow said on Wednesday. In 2019, Veladero is expected to have the highest cost per ounce in Barrick’s portfolio.

Mining Charter 3 and its Implementation Guidelines have created an environment where it is possible for local manufacturers to leverage procurement capacity to drive transformation, Department of Mineral Resources representative Xolile Mbonambi said at a breakfast held at the Industrial Development Corporation's offices on Thursday. The ‘Local is lekker: Creating capacity and capability for mining companies to buy local’ breakfast was hosted by the Southern African Institute of Mining and Metallurgy... Читать дальше...

Working together can deliver mining’s massive benefits; De Beers to spend R30m on diamond exploration this year; and, Ramaphosa challenges mining to take ten value-adding steps

South Africa’s mining production decreased by 1.6% year-on-year in 2018, following a 3.9% year-on-year increase in 2017 and a decrease of 3.7% year-on-year in 2016, Statistics South Africa (Stats SA) revealed on Thursday. In December, mining production decreased by 4.8% year-on-year, with the main negative contributors being gold production, which contracted by 31% and contributed -4.6 percentage points; iron-ore production, which contracted by 14.3% and contributed -2.1 percentage points; copper production... Читать дальше...

The second largest coal miner in the US, Arch Coal, on Thursday announced that it had started work on a new three-million-ton-a-year coking coal mine that will operate on the same 200-million-ton reserve base as its Leer operation, in West Virginia. The NYSE-listed company would invest between $360-million and $390- million over the next three years to develop the Leer South mine, with the longwall scheduled to start up in late 2021.

London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high inflation and unemployment, with President Emmerson Mnangagwa looking to woo investors after a soft coup in 2017 that usurped former president Robert Mugabe.

Aim-listed emerging phosphate producer Kropz has appointed Jan Steenkamp MD of the company’s 74%-owned Elandsfontein project, in South Africa’s Western Cape province. Steenkamp is a South African mining industry veteran and has managed mining operations across a number of commodities. He also serves as a nonexecutive director to diversified miner African Rainbow Minerals (ARM).

JSE- and NYSE-listed Sibanye-Stillwater will consult with stakeholders about the possible restructuring of its gold operations and associated services, as a result of ongoing financial losses. In a trading statement released on Thursday, the miner said it expects to report an attributable loss of R1-billion, or $77-million, for the year ended December 31, 2018, compared with the attributable loss of R4.4-billion, or $333-million, reported for the 2017 financial year.

Gold miner Kinross has reported a drop in adjusted earnings and also posted weaker production results, but the miner pointed out that its output and costs were in line with its guidance. Kinross produced 2.45-million gold-equivalent ounces (GEO) at an all-in-sustaining cost (AISC) of $965/oz, and compares with 2.67-million GEO in 2017. Fourth-quarter production was 610 152 GEO, at an AISC of $961/oz, which was below the corresponding period’s performance of 652 710 GEO.

Midtier miner Goldcorp posted fourth-quarter adjusted earnings of $61-million, or $0.07 a share, compared with $116-million, or $0.14 a share, a year earlier, the soon-to-be-bought company announced late on Wednesday. Goldcorp, which is being taken over by Newmont in a $10-billion stock-for-stock transaction, reported a net loss of $3.98-billion, or $4.58 a share. The company explained that the large loss was the result of a noncash impairment of $3.88-billion, which represents the difference between... Читать дальше...

Diversified miner South32 has reported a solid first half for the six months ending December, with increases in revenue, profit and underlying earnings before interest, tax, depreciation and amortisation (Ebitda). South32 on Thursday reported that revenue for the first half of 2018 was up 9% on the previous corresponding period, to $3.8-billion, while profit after tax was up by 17%, to $635-million.