Новости за 11.03.2019

TSX-listed gold developer Lydian International on Monday announced that its subsidiaries in UK and Canada had formally notified Armenia’s government of disputes related to ongoing blockades of road access to the Amulsar gold project. The subsidiaries, Lydian UK Corporation and Lydian Canada Ventures Corporation, noted its disputes relate to agreements between the respective governments that promote and protect investments.

Canadian gold major Barrick Gold has ended its hostile takeover offer of US miner  Newmont Mining and instead agreed to create a joint venture (JV) combining their respective mining operations, assets, reserves in Nevada. The two gold miners have been operating independently in Nevada for decades, but have previously been unable to agree on terms for cooperation.

Platinum and chrome explorer and producer Bauba Platinum’s new wash plant at the Moeijelijk chrome mine, in Limpopo, is producing at its planned throughput levels, boding well for the company to improve its profit margins, the JSE-listed firm reported on Friday, as it reported a half-year loss. The new plant, which was commissioned and started production in November, has been producing according to its planned throughput levels since January, with spiral feed at about 35 000 t/m.

Barely a week after starting the process, India’s Coal Ministry has called off the auction of coal blocks. In a notification the Ministry said, “the sixth and seven tranche of coal block auction stands cancelled,” without stating any reasons.

The Deocha-Pachami coal block, in the east Indian state of West Bengal, and billed as the largest single-location reserve in Asia, is likely to be developed by the state government in collaboration with mining majors in Poland. Several rounds of talks have been held over the past month between officials of India’s federal Coal Ministry, the state government of West Bengal and senior Polish officials, wherein the government of Poland reiterated the offer of technology, mining solutions and high technology... Читать дальше...

The government of Brazil's right-wing President Jair Bolsonaro is preparing an overhaul of mining sector regulations that will include opening up indigenous reserves to mining, the country's mines and energy minister said. Mining in indigenous reserves is currently prohibited.

Brazilian mining company Vale said on Friday it has formally removed some executives from their positions after a request by Brazilian prosecutors investigating a dam burst that killed hundreds of people. Vale did not identify the executives or say what relation they had with the operation in Brumadinho, where the January 25 disaster occurred. It said they would be relocated inside the company.

Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday. Noranda, whose operations include a zinc processing facility in Quebec, last year agreed to buy zinc concentrate from Glencore and sell refined metal back to the miner under a four-year agreement where terms will be negotiated each year.

Canadian miner Hudbay Minerals marked a “major milestone” on Friday, when the US Army Corp of Engineers issued a Section 404 water permit for the Rosemont openpit copper project, in Arizona, but activists were quick to voice their opposition. TSX- and NYSE-listed Hudbay said that it expected to move the project into development following receipt of Rosemont’s mine plan of operations from the US Forest Service (USFS).

LSE-listed Petra Diamonds has recovered a 100.83 ct D-colour Type II gem-quality diamond at its Cullinan mine, in South Africa. The large diamond find follows the recent recovery of a 6.12 ct Type II blue stone at the same mine.

Rio Tinto is in talks to move into the next phase of an agreement with Apple, CEO Jean-Sebastien Jacques said on Friday, as the miner looks to transition its aluminium business to tap a low-carbon economy. Last May, Rio and Alcoa announced a joint venture, backed by Apple, to commercialize by 2024 a process that emits oxygen and replaces all direct greenhouse gas emissions from the traditional smelting process for aluminium

Base metals developer Panoramic Resources has received firm commitments for an initial A$5-million capital raise, and has announced a 1-for-13 pro-rata renounceable entitlement offer to raise a further A$14.8-million. Panoramic last week revealed the need to raise at least A$19-million as part of amendments to its current financing agreement over the Savannah project, after a slower-than-expected ramp-up.

ASX-listed Sunstone Metals has completed the divestment of its Viscaria copper project, in Sweden, to Copperstone Resources. Copperstone paid Viscaria an initial A$3-million in cash and a further 160-million new shares, valued at around A$24.4-million, for the project.