Новости за 10.09.2019

NYSE- and TSX-listed Barrick Gold has sold its interest in copper and gold explorer Royal Road Minerals for gross proceeds of C$4.29-million. The major sold its 22 576 161 shares, or 10.7% interest, in a pre-arranged trade executed through the TSX-V at C$0.19 a share.

Pangolin Diamonds on Monday closed a nonbrokered private placement financing for aggregated gross proceeds of $848 860. The proceeds will be used to continue exploration at the company’s wholly owned exploration projects in Botswana, including the Phase 1 drilling programme at MSC, the company’s advanced-stage exploration project.

Coal miner and trader Minergy has appointed Jean-Pierre van Staden as its new CFO, effective January 2, 2020. He will succeed Morné du Plessis, who was recently appointed CEO.

Production at the new Gold Bar and Black Fox mines of Canadian miner McEwen Mining has been a “big disappointment”, chief owner Rob McEwen said on Tuesday, announcing a further cut in the company’s 2019 guidance. The company lowered its guidance for Black Fox, in Ontario, to between 36 000 oz and 40 000 oz and for Gold Bar, in Nevada, to between 30 000 oz and 33 000 oz.

Russian diamond producer Alrosa said its rough and polished diamond sales stood at $181.8-million in August, its second lowest monthly sales figure this year. "The diamond market is still experiencing headwinds from both macroeconomic and industry specific factors, which have an adverse impact on the midstream," said Evgeny Agureev, an executive at Alrosa.

Trade unions representing workers in the Indian coal mining industry have announced a strike for September 24, to protest the recent government decision to allow 100% foreign direct investment in domestic commercial coal mining. The day-long strike, announced by the five trade unions, is a precursor to prolonged agitation unless the government rolls back a decision to open up the sector to overseas private miners.

US-based phosphates and potash producer Mosaic Company on Monday announced that it would idle its Lousiana phosphates operations to help balance the global market. Idling of the Louisana operations would reduce production by about 500 000 t in 2019 and would accelerate the reduction of high phosphate fertiliser inventories.

Gold explorer Metminco saw its share prices halved on Tuesday, despite reporting ‘compelling gold opportunities’ following its takeover of Andes Resources earlier this year. The Metminco board had undertaken a strategic review of all the previous exploration, known targets and existing resources within its Colombian project portfolio, given the strong gold price.

Citigroup’s prediction that gold could rally above $2 000/oz in two years would be negative for another precious and shiny commodity: diamonds, according to Barry Ehrlich, an analyst at the bank. Citi’s bullish scenario for gold is based on drivers including the prospect of the Federal Reserve cutting interest rates to zero, rising risks of a global recession and heightened geopolitical tensions.

Mining royalty and streaming company Osisko Gold Royalties has entered into a letter of intent (LoI) to form an entity to acquire embattled diamond miner Stornoway Diamonds, which was granted creditor protection by a Quebec court on Monday. Osisko and secured creditors would acquire “all, or substantially all, of the assets and properties of Stornoway and assume the debts and liabilities owing to the secured creditors, as well as the ongoing obligations relating to the operation of the Renard mine”.

In this article, South African Independent Power Producer Association (SAIPPA) members Tommy Garner and Brenda Martin outline the organisation’s approach to the energy transition and explains the programme it is launching to manage the transition.

Concerns about global trade have reached nearly ten times the peaks seen in previous decades and could shave about 0.75 percentage point off world economic growth this year, according to data compiled by the International Monetary Fund. The Americas and Asia-Pacific are most affected by concerns about the US-China trade war, while Africa is least affected, the IMF said Monday in a new index aimed at quantifying trade uncertainty.

Fixing loss-making power utility Eskom Holdings is complex and it will take time for the government and the company to agree to a plan, according to Moody’s Investors Service. The energy firm, which supplies about 95% of the country’s power, has R450-billion of debt and is surviving on state bailouts after massive cost overruns at two partially completed coal-fired power plants. While the government has proposed splitting it into three units and a policy paper by the National Treasury proposes selling coal-fired plants... Читать дальше...

Brazil-focused explorer Centaurus Metals has raised A$10-million to fund an aggressive exploration and development programme at its recently acquired Jaguar nickel sulphide project. The company will issue one-billion shares, at a price of 1c each to institutional and sophisticated investors, over two tranches.