Новости за 20.08.2019

The positive start to 2019 continued in the second quarter of the year with advisory firm EY’s Canadian Mining Eye index moving up three percentage points from the first quarter, supported by stronger gold prices. The price of gold increased by 9% in the second quarter, after a 1% gain in the previous quarter — driven by the possibility of US Federal Reserve rate cuts toward the end of the year.

The head of the world's biggest miner BHP said he will "stick up for globalisation" and is more worried about the damage trade tensions are inflicting on the world economy than their impact on demand for the commodities BHP produces. BHP on Tuesday posted annual profit of $9.12-billion, a bumper figure built largely on selling iron-ore, coal and copper to China, the world's largest importer of commodities

TSX- and Aim-listed gold miner Avesoro Resources has received an expression of interest from its 72.9% shareholder Avesoro Jersey Limited (AJL), which wants to acquire the shares in Avesoro not already held by it. AJL has offered to buy the remaining shares at £1 apiece.

Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying that accumulating bullion will reap rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. “Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up,” Mobius, who set up Mobius Capital Partners last year after three decades at Franklin Templeton Investments, told Bloomberg TV. Читать дальше...

China’s Ganfeng Lithium has expressed its commitment to supporting the financing of the Sonora project that London-traded Bacanora Lithium is advancing in Mexico. In terms the agreement, Ganfeng will invest 14.4-million in Bacanora for a 29.9% stake. At project level, Ganfeng invested £7.5-million for a 22.5% stake in the Sonora. Ganfeng has the option to increase its interest in the project to 50% within 24 months.

ASX-listed Alliance Resources have urged shareholders not to respond to a takeover offer from Gandel Metals, until the company has had time to assess the offer. Gendal earlier this week launched a A$0.14 a share takeover offer for Alliance, valuing the takeover target at A$21.4-million.

The Northern Territory government has approved amendments to the existing management plan for diversified major Glencore’s McArthur River base metals mine, allowing recommendations made by the Environment Protection Authority (EPA) to be implemented. The amendments, along with the recent environmental approval granted by the Commonwealth government, meant that Glencore could begin work on its overburden management project (OMP).

Nickel miner Western Areas has reported an increase in net profits after tax and revenue for the year ended June, compared with the previous corresponding period, as sales volumes increased. Western Areas on Tuesday reported that net profits after tax reached A$14.19-million at the end of June, compared with the A$11.83-million in the previous financial year, while revenue in the same period increased from A$248.2-million to A$268.71-million.

Diversified miner African Rainbow Minerals (ARM) expects its headline earnings a share (HEPS) for the financial year ended June 30 to be between 2% and 10% higher year-on-year at between R25.77 and R27.79. This compares with the HEPS of R25.26 reported for the 2018 financial year.

The Western Australian government on Tuesday announced a new guidance for the rehabilitation of mine sites in the region. The guidance outlines environmental criteria that mine operators can use to demonstrate they have successfully and sustainably rehabilitated their site after mining.

Diversified major BHP has reported a 2% increase in underlying attributable profit for the full year ended June, which reached $9.12-billion, paying a record final dividend of 78c a share. Underlying earnings before interest, tax, deprecation and amortisation (Ebitda) remained consistent, compared with the previous financial year, at $23.1-billion.

Terry Robinson, a board member of Glencore’s Africa unit and a number of other mining companies, has died, following a brief illness. A qualified accountant, Robinson served on the board of TSX-listed Katanga Mining since January 2008. He was also a long-standing member of the board of gold miner Highland Gold, which he joined in July 2008.