Новости за 09.04.2019

Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years as it focuses on expanding Indonesia's Grasberg copper and gold mine underground, its chief executive said in an interview on Tuesday. "For two years, we're going to be focused on this transition," CEO Richard Adkerson said on the sidelines of the World Copper Conference in Santiago.

Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years as it focuses on expanding Indonesia's Grasberg copper and gold mine underground, its chief executive said in an interview on Tuesday. "For two years, we're going to be focused on this transition," CEO Richard Adkerson said on the sidelines of the World Copper Conference in Santiago.

Chilean miner Antofagasta will retain its dividend policy of paying out at least 35% of underlying net earnings but will pay out excess funds from the proceeds of sales to shareholders, its chief executive said. "If you look at the last three or four years, we have been distributing close to around 50% of net earnings. We are not going to change the policy; we think it has served us well through the cycle," CE Iván Arriagada said on the sidelines of a copper conference in Santiago.

Chilean miner Collahuasi this year expects to match its 2018 production of copper, an all-time high for the company, its top executive said on Tuesday. Collahuasi, majority owned by Anglo American and Glencore, is a copper mine located in northern Chile and among the world´s largest. Last year the mine produced 560 000 t of copper, placing it among Chile´s top three producing mines.

An Appeals Court in Warsaw has overturned a Civil Court injunction that prevented the Polish Ministry of Environment (MoE) from granting competing licences over the Jan Karski project of Prairie Mining. The dual-listed company is in the midst of an ongoing civil law claim against the MoE, owing to the Ministry's failure to a mining usufruct agreement over concessions that form the Jan Karski mine.

Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact.

Quebec miner Stornoway Diamonds on Tuesday announced that it would suspend openpit mining operations at Renard 65, but the move is not expected to impact on its revenue for this year. The company, which transitioned the Renard mine to primarily underground operations in August last year, explained that the current ore stockpiles at Renard 65 were sufficient to maintain its planned contribution to the process plant until the second quarter of 2020.

Sibanye-Stillwater has committed an additional R30-million over three years, to the University of the Witwatersrand (Wits) Mining Institute’s Digital Mining Laboratory. The announcement was made on Monday, at the Wits Chamber of Mines building, during a two-day seminar hosted by the Wits Mining Institute.

Sibanye-Stillwater has committed an additional R30-million over three years, to the University of the Witwatersrand (Wits) Mining Institute’s Digital Mining Laboratory. The announcement was made on Monday, at the Wits Chamber of Mines building, during a two-day seminar hosted by the Wits Mining Institute.

Base metals miner Trevali Mining has named mining engineer Ricus Grimbeek its president and CEO to take over from Mark Cruise on April 23. Grimbreek, who holds a degree from South Africa’s University of Pretoria, is a mining executive with nearly three decades of experience in the resources industry.

TSX-listed mining company Ivanhoe Mines is committed to the responsible development of the mining industry in the Democratic Republic of Congo (DRC) and will work with the newly elected government to introduce the country to investors from around the world. This is according to co-chairperson Robert Friedland, who met with DRC President Felix Tshisekedi during the latter’s official US state visit to Washington DC, last week.

Mining major Rio Tinto on Tuesday revealed that it has paid some $6.6-billion in taxes and royalties during 2018, up from the $5.1-billion paid the year before. The miner paid some $4.8-billion in royalties and taxes in Australia during 2018, of which $3.17-billion was corporate income tax and $1.45-billion was royalties.

ASX-listed Pacifico Minerals is hoping to raise A$4-million through a share placement to finalise the acquisition of a majority interest in the Sorby Hills base metals project, in Western Australia. The company will issue some 666-million shares, at a price of 0.6c a share over two tranches to sophisticated and processional investors, with the first tranche consisting of 410-million shares to be issued under Pacifico’s existing placement capacity.

The Minerals Council of Australia (MCA) has called on the Queensland government to finalise the remaining approvals for Indian major Adani’s $16.5-billion Carmichael mine and rail project after the federal Environment Minister approved the groundwater management plan for the project. Minister Melissa Price on Tuesday said that the approval was based on an independent assessment from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Geosciences Australia, which confirmed... Читать дальше...

Diamond miner De Beers sold $575-million of diamonds in its third sales cycle of this year. This was higher than the $496-million of sales recorded in the second sales cycle of this year, as well as the $524-million of sales recorded in the third sales cycle of 2018. “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds,” De Beers CEO Bruce Cleaver commented on Tuesday.