Новости за 01.07.2019

Diversified miner Glencore made $5.7-billion worth of payments to governments in 2018. This include income taxes, royalties and other payments. “Our activities within our operating countries enable governments to monetise their natural resources. Governments can use tax and royalty payments to provide its citizens with services and infrastructure that improve their quality of life,” CFO Steve Kalmin said on Monday.

North America-focused base and precious metals exploration and development company Phoenix Global Mining has changed its name to Phoenix Copper. The company, which is listed on the London's Aim market, owns the Empire copper project, in Idaho, in the US.

Moody’s Investors Service has maintained a stable outlook for the global base metals industry despite expecting performance in the sector to weaken over the next 12 to 18 months. The financial services company says the base metals sector’s performance will weaken as a result of continued trade tensions between the US and China; uncertainty regarding the North American Free Trade Agreement between the US, Mexico and Canada; and slowing global economic growth.

Workers affiliated to the National Union of Mineworkers (NUM) were due to stage a protest march in Polokwane on Monday and hand over a memorandum to the department of mineral resources and energy, among others, demanding the reopening of the Dilokong chrome mine, the union said. Dilokong has been under business rescue since 2016.

The Nicaragua Ministry of Energy and Mines has granted Aim- and TSX-listed Condor Gold a 25-year exploration and mining concession over a 132 km2 area to the northwest of Condor’s La India project. The Cerro Los Cerritos concession expands the La India project concession package by 29% to 587.7 km2.

Coal miner Stanmore Coal has completed its debt refinancing, aimed at reducing the overall cost of financing. The ASX-listed company on Monday said that it had extended the term of an existing facility with financier Taurus from November 15 this year until the end of June 2022, and has increased a working capital facility from $22-million to $28-million, to match the company’s larger business scale following an increase in production from 1.2-million tonnes to 2.3-million tonnes a year.

ASX-listed Avenira plans to sell its interest in the Baobab phosphate project, in Senegal, and its 7% interest in phosphate technology company Novaphos to a consortium of its three largest shareholders. Under the terms of binding agreements reached with Agrifos Partners, Tablo Corporation and Agrifields DMCC, Avenira will divest of its interest in Baobab and Novaphos and undertake a buyback and capital reduction of all the Avenira shares and options held by the buyers for nil consideration.

Diversified major Rio Tinto has appointed Barbara Levi to succeed Philip Richards as group executive, group general counsel from January 1, 2020. Richards will retire from Rio on December 31.

Aim- and TSX-V-listed Mkango Resources and metals investor Metal NRG have agreed to terminate their heads of terms agreement regarding an earn-in over Mkango’s Thambani licence, in Malawi. Thambani is one of Mkango’s three exclusive prospecting licences in Malawi and features multiple zones of high-grade uranium, tantalum and niobium, as well as several extensive uranium radiometric anomalies.

Gold opened the third quarter with a slump back below $1 400/oz after the US and China agreed to a truce in their trade war, dealing a blow for now to havens that were bolstered in recent months by the long-running tensions as well as prospects for looser monetary policy. Prices fell after Donald Trump and Xi Jinping’s meeting over the weekend, at which the leaders of the two largest economies agreed to resume negotiations. Still, the setback may be temporary as investors now train their focus on... Читать дальше...

Illegal miners will be removed from the site of a Glencore project in the Democratic Republic of Congo where at least 43 died this week, Interior Minister Basile Olongo told reporters from the mine on Saturday. “From tomorrow, if you come back here, you won’t see any more thieves”, he said from the Kamoto copper and cobalt mine in Kolwezi, in southeastern Congo. “We will take measures to evacuate everyone.”