Новости за 24.04.2019

Brazilian miner Vale said on Wednesday it has filed a lawsuit in the United States to force BSG Resources (BSGR) to pay it about $1.25-billion, as mandated by an arbitrator in a dispute over a joint venture in Guinea, plus interest and expenses. Earlier this month, Vale said an arbitration court in London had ordered BSGR to pay $1.246-billion. The suit, filed in the US District Court for the Southern District of New York, seeks payment of more than $2-billion when interest and expenses are taken into account.

International mining organisation, the International Council of Mining and Metals (ICMM) will conduct an independent review of mine tailings storage facilities to establish an international standard for the safe management of tailings storage facilities that can be applied to all tailings dams wherever they are located and whoever operates them, the ICMM said on Wednesday. The ICMM, the Principles for Responsible Investment (PRI) and the United Nations Environment Programme (UNEP) are co-conveners of the review.

A pilot project that creates a secure and transparent route to market for ethically sourced artisanal and small-scale mined (ASM) diamonds is scaling up its operations in Sierra Leone to give more miners the opportunity to benefit from the programme, diamond multinational De Beers Group, which is owned by diversified mining group Anglo American, said on Wednesday. The project, called GemFair, provides ASM diamond miners with access to De Beers Group’s distribution channel, while seeking to improve ethical standards... Читать дальше...

India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases are part of a wider picture across developing economies that are looking at de-dollarising their foreign-exchange reserves, according to Ross Strachan at Capital Economics . The RBI’s buying trend can be sustained for a number of years in relatively small quantities... Читать дальше...

Aim-listed Red Rock Resources has raised £323 750 through the placing of 63.48-million new ordinary shares at 0.51p. "The placing ensures the company can manage its cash flow prudently while driving an increased tempo of exploration in the [Democratic Republic of the Congo (DRC)] as the scale of the opportunity there becomes more apparent," says chairperson Andrew Bell.

India’s Coal Ministry has set a production target of 655-million tonnes for State-run miner Coal India Limited (CIL) for 2019/20. This compares with production of 607-million tonnes achieved by CIL during 2018/19, which is a shade below the 610-million-tonne target set by the Ministry for the year.

Chile-focused copper miner Antofagasta posted a 22.6% jump in first-quarter copper production and maintained its full-year output outlook, despite the possibility that China may ease stimulus measures which could hurt prices. Antofagasta said on Wednesday production in the quarter was bolstered by better quality ore and higher output, mainly at its Centinela mine, and kept its annual output forecast of 750 000 t to 790 000 t unchanged.

Mining major Rio Tinto has recovered a 28.84 ct gem quality white diamond from its Argyle diamond mine, in Western Australia, marking one of the largest gem quality white diamonds in its 35-year history. Named Argyle Octavia™ in recognition of its octahedral shape, this rough diamond will be sold by tender in Antwerp later this year.

Teck Resources, focusing on its massive expansion of the Quebrada Blanca mine in Chile, expects to sell some or all of its stakes in two smaller Latin American copper projects by next year, CEO Don Lindsay says. The Zafranal and San Nicolas projects could be sold by early 2020, Lindsay said Tuesday on the Vancouver-based company’s first-quarter earnings call. The deliberations are part of a larger internal process to decide which of eight copper projects are worth building, selling or developing with a partner.

China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to revive an economy that suffered in the later years of Robert Mugabe's rule.