Новости за 09.07.2019

The backdrop for miners is ready to brighten in the second half of this year. They just need a resolution of the trade war between the US and China to light a fire under their stocks. Metal prices and mining equities have been at the mercy of trade headlines all year, and business fundamentals have a taken a back seat. To be sure, easier central bank policies around the world have helped some metals, especially gold and silver. But a resolution of the trade tension between US and China – or at least some steps to bring down the temperature ... Читать дальше...

Aim- and JSE-listed Kibo Energy has decided to convert its application for a special mining licence (SML) for the Mbeya coal-to-power project (MCPP), in Tanzania, to seven mining licences. It said on Tuesday that the decision had been taken in the interest of a "better economic outcome for all concerned stakeholders".

Aim-listed Katoro Gold will investigate the potential of lithium and rare earth element mineralisation that has been identified at its 75%-owned Haneti nickel project, in Tanzania. The company, which has focused on the exploration of nickel sulphides at the project, on Tuesday reported that its exploration team had identified several pegmatite outcrops within two abandoned artisanal pits at Haneti.

US coal miner Arch Coal’s Black Thunder mine has been awarded the Wyoming Department of Environmental Quality (DEQ) reclamation award, an accolade that president and COO Paul Lang said on Tuesday was a “great honour for the men and women at the mine”. "We applaud the exceptional efforts of the entire Black Thunder team, and commend them for the tremendous example they are setting for the global mining industry,” Lang said in a media statement.

Copper production in Democratic Republic of Congo, Africa's top producer, fell by 16.2% year-on-year in the January to May period, while cobalt output slid 21.5%, the central bank said on Tuesday. Copper output for the first five months of 2019 stood at 416 067 t compared with 496 468 t in the same period of last year, the bank said. Cobalt production was 33 967 t, compared to 43 291 t last year.

North America-focused base and precious metals exploration and development company Phoenix Copper has appointed mining finance advisory firm Medea Natural Resources as lead financial adviser to arrange up to $70-million for the construction of the Empire Mine openpit project, in Idaho, US. The funding would be used to construct the openpit, heap leach, solvent extraction and electrowinning project at Empire.

Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July. The Belgium-based company now expects both the TSL and the blast furnace to restart by the end of July.

Base metals miner New Century Resources has reported record quarterly zinc production in the three months to June, as production at its namesake project in Queensland, continued to ramp-up. Overall zinc metal output during the three months to June increased by 12%, to 20 450 t of zinc metal produced, in 42 500 t of concentrate. This was compared with the 37 500 to f concentrate produced in the March quarter.

Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but director Eduardo Leão said in an interview that despite delays the first auction would still take place this year.

TSX-V-listed mining juniors Atico Mining and Toachi Mining on Monday announced a transaction to create a new Latin America-focused copper/gold company, anchored by the producing El Robe mine in Colombia and the high-grade La Plata project, in Ecuador. In terms of the transaction, Atico will acquire all the Toachi issued and outstanding common shares on the basis of 0.24897 Atico common shares for each Toachi common share, implying a consideration of about C$0.073 a common share.

Platinum group metals and chrome miner Tharisa had a good start to its 2020 financial year, achieving a 2% quarter-on-quarter improvement in reef tonnes mined and a 5.4% quarter-on-quarter improvement in reef tonnes milled, for the quarter ended June 30. CEO Phoevos Pouroulis said in a statement on Tuesday that the solid quarter had followed a strong finish to the 2019 financial year.