Новости за 06.05.2019

Dual-listed Orion Minerals has commissioned introductory mining familiarisation short courses within the Siyathemba municipality, in the Northern Cape, in line with its commitment to ensuring local communities’ benefit from its ventures. The programme is aimed at raising public awareness of the mining industry and the opportunities that the industry creates, ahead of the planned development by Orion of its Prieska zinc/copper project.

TSX-listed Trevali Mining Corporation started the new year off with strong results, which positions the company well to meet its operating targets and take advantage of the currently strong zinc price, newly-appointed president and CEO Ricus Grimbeek said on Monday. While zinc concentrate treatment charges were higher than expected for the quarter ended March 31, on-site costs were below budget, which Grimbeek said was “clear evidence of [the Trevali] team’s focus on operating discipline”.

Diversified miner Bauba Platinum has entered into a trial product sale agreement with Northam subsidiary Booysendal Platinum. The agreement is effective from April this year and will see Northam process 24 000 t of low-grade chrome ore to be supplied by Bauba at its concentrator plant over a six-month period.

Midtier miner Endeavour Silver, which owns four underground silver/gold mines in Mexico, has initiated a range of short- and long-term actions aimed at conserving cash and turning around the weak performance of the first quarter. The NYSE- and TSX-listed miner on Monday reported a 28% decrease in first-quarter revenue to $29.1-million as its silver production fell by 21% to 1.07-million ounces, its gold output declined by 24% to 10 055 oz and metal prices were lower than a year-earlier.

Project developer Aquila Resources on Monday announced that the state of Michigan had issued a final decision and order upholding the mining permit for its Back forty zinc and gold project. The Menominee Indian Tribe of Wisconsin and an individual owing property near the project site in 2017 challenged the mining permit, but following hearings and testimony, a judge on May 3 ruled that the proposed mining operation would operate in compliance with the state’s non-ferrous metallic mining stature.

Canadian diamond miner Mountain Province on Monday announced that former Peregrine Diamonds CEO Tom Peregoodoff and former Lucara Diamond Corp CEO William Lamb would join its board of directors following the annual general meeting (AGM) next month. Investment professional Brett Desmond, who is also the son of Mountain Province’s major shareholder Dermot Desmond, would also join the company’s board.

Despite achieving higher production and sales volumes for the year ended December 31, 2018, Zimbabwe-based Hwange Colliery’s financial performance worsened, with the miner’s loss for the year having widened by 79% to $78.4-million, from a loss of $43.8-million in 2017. The bigger loss was mainly as a result of the impairment of some assets, as well as subdued coal prices against increased input costs.

A prefeasibility study (PFS) into a Phase 1 starter pit at the Bawdwin polymetallic mine, in Myanmar, has revealed that it will be the world’s third-largest producing lead mine and the tenth largest silver mine, as well as being a significant zinc producer. ASX-listed Myanmar Metals on Monday reported that the Phase 1 operation would have a mine-life of 13 years, processing some two-million tonnes a year of ore to produce 118 000 t/y of lead-in concentrate, more than 10-million ounces of silver-in-concentrate... Читать дальше...

New data from the Chamber of Minerals and Energy of Western Australia (CME) has found that the state’s resources sector had contributed more than A$57.7-billion to the Australian economy in 2017/18. In a survey of 41 Western Australian mining, oil and gas, energy and contractor companies, the CME found that the companies contributed some A$38-billion to the Western Australian economy alone, and a further A$19.7-billion to the greater Australian economy.

Vancouver-headquartered Leagold has announced the proposed scheduling for the expansion of its Los Filos mine and for the construction of the Santa Luz project, as it arranged $400-million in financing. Leagold’s development plan for the fully-funded Los Filos expansion, in Brazil, has been organised into three distinct projects with staggered start dates.

he world’s largest copper miner has a word of advice to the bears in the market: the downtrend in prices won’t last long. While the metal headed for its biggest weekly loss since November after weaker factory gauges in China and the US fueled demand concerns, those fears weren’t grounded on fundamentals, Codelco chief commercial officer Roberto Ecclefield said.