Новости за 24.10.2019

ASX-listed Lucapa Diamonds' continued focus on operational and productivity improvements and reductions in operating costs at the Mothae mine, in Lesotho, and the Lulo mine, in Angola, enabled it to deliver robust results for the quarter ended September 30, despite the headwinds facing the diamond sector, MD Stephen Wetherall said on Thursday. “The decline in global rough diamond demand throughout 2019, brought about by factors including macroeconomic uncertainty, rising inventories and liquidity issues in the midstream... Читать дальше...

Mining and smelting company Boliden has invested 300-million krona to expand electrified transportation at Aitik, northern Sweden, and to implement the corresponding technology in Kevitsa, Finland. Since 2018, a pilot project on electrified transportation has been conducted at Aitik. The company has installed 700 m of electric trolley line and converted four mining trucks.

Aim-listed Vast Resources has signed the documents for a $15-million finance facility to fund its operations in Romania and Zimbabwe. The company signed the binding conditional bond issue deed with UK-based fund Atlas Capital Markets.

Mining Weekly editor Martin Creamer unpacks the new online commodities trading platform, Anglo mines hydrogen truck deployment and, Siemens’ green hydrogen pilot project in Dubai.

Kaz Minerals on Thursday reported record copper production in the third quarter as it ramped-up operations at its biggest mines in Kazakhstan, putting it on track to achieve full-year targets for copper output. The London-listed miner said copper production for the quarter ended September 30 rose 7.4% to 82 900 t.

Papua New Guinea has closed Metallurgical Corporation of China's Ramu nickel operations, the head of the Mineral Resources Authority said on Thursday. Ramu Nickel has been shut down "for not adhering to remedial measures issued 6 weeks ago," Jerry Garry told Reuters.

Canada’s largest diversified mining company, Teck Resources, on Thursday reported lower third-quarter revenue, as global economic uncertainties have pushed down the prices of the products that it produces. President and CEO Don Lindsay said in a news release that steelmaking coal was particularly badly affected by the global economic turmoil. The benchmark steelmaking coal price has declined from $210/t in the first quarter to $178/t in the third quarter and the current spot market price sits at $150/t.

South Africa-focused Orion Minerals will raise some A$5.5-million from a share placement to sophisticated and professional investors to fund the completion of a bankable feasibility study (BFS) and early stage work at the Prieska copper/zinc project, in the Northern Cape. The company on Thursday said that it had received firm commitments for the placement of 222-million shares, priced at 2.5c each, with shareholder Tembo Capital Mining Fund and its affiliates subscribing for A$2.5-million of the placement.

Copper miner Sandfire Resources has reported a slight decline in quarterly production for the three months to September, while operating costs in the quarter increased. Copper production for the September quarter reached 16 730 t, compared with the 18 519 t produced in the previous quarter, while gold production in the same period declined from 11 967 oz to 8 647 oz.

ASX-listed Heron Resources has generated its first revenue from zinc and lead concentrate sales from its Woodlawn project, in New South Wales. Ore processing at the Woodlawn project started in May this year, and at steady state, the project is expected to produce 70 000 t/y of zinc concentrates, 30 000 t/y of copper concentrates and 25 000 t/y of lead concentrates.

A Water Tribunal hearing into an appeal against the granting of an integrated water use licence for Aim-listed emerging African phosphate producer Kropz’s 74%-owned Elandsfontein project, in the Western Cape, has been postponed to December 11. Kropz has already invested more than $120-million on the project, which is expected to deliver more than one-million tonnes a year of phosphate rock concentrate.

Toronto-headquartered Lundin Mining has improved its guidance for 2019, tightening the lower end of the production range for copper and zinc, as well as lowering the operating cost guidance for the Chapada and Neves-Corvo mines. The revised copper guidance for the year is a range of 227 000 t to 245 000 t, raising the bottom-end from 224 000 oz, reflecting a slight improvement in the forecast for the Eagle mine, in the US, and higher guidance for the Neves-Corvo mine in Portugal.

Nigeria’s efforts to persuade investors that it could become a mining destination for metals is receiving a boost from a small Canadian company joining a rush for gold in West Africa. The western tip of the continent is seen as a new frontier as gold miners face a dearth of new discoveries globally.

Freeport McMoRan posted a third-quarter loss on Wednesday in line with expectations due to lower copper production at its Peruvian and Indonesian mines and a drop in prices for the red metal. The company has been shifting to underground mining from an open pit at its giant Grasberg mine in Indonesia and had previously warned that production would take a hit.