Новости за 07.11.2019

Chile's Codelco, the world's top copper producer, boosted output by 7.5% in September to 145 300 t, Chilean copper commission Cochilco said on Thursday, though its total production for the year continued to lag. The state miner saw its production in the first nine months of 2019 drop 6.7% versus the previous year, reaching 1.2 million tonnes by September, Cochilco data showed.

Gold and silver are suffering substantial losses on Thursday as dissipating trade tensions contribute to a flight from haven assets. Gold futures are down more than 2%, while those on silver are off as much as 3.6% as of 12 p.m. New York Time.

Katanga Mining, a big Congolese copper and cobalt producer, said on Thursday it would raise around C$7.6-billion via a rights issue as part of a debt-for-equity swap with parent Glencore. Katanga Mining will subsequently owe Glencore $1.5-billion, reducing its debt from $7.7-billion after experiencing setbacks including a fall in the price of cobalt from record levels of $95 000/t in 2018 to around $35 000 now.

Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars. President Emmerson Mnangagwa's government is pinning its hopes on the mining sector, which generates Zimbabwe's biggest export earnings, to drive the recovery of an economy grappling with power cuts and acute shortages of US dollars and fuel.

Vancouver-headquartered exploration company Candente Copper has reported the passing of its VP for exploration and director, Michael Thicke. “We were so blessed to have such a great friend and experienced and successful porphyry copper expert join us to lead our exploration team,” comments past-president Sean Waller in a media statement.

Dual-listed Orosur Mining’s share price surged nearly 33% on London’s Aim on Thursday morning, after the company announced that gold major Newmont Goldcorp would maintain its earn-in rights over the Anzá project, in Colombia. During the first year of the exploration agreement, which concluded on September 7 2019, Newmont funded exploration costs totalling $310 000 to Minera Anzá, Orosur’s Colombian subsidiary.

The Indian government will prioritise advance supply contracts for coking coal in international markets over outright acquisitions of coal assets in countries overseas. This at a time, when State-miner Coal India Limited (CIL) has initiated moves to invest in coal assets in countries like Canada, Australia and Russia.

The September quarter has been a strong three-month period for Canada-headquartered Iamgold, which increased is operating cash flow by 28% over the second quarter of 2019 and by 354% over the prior-year period, while efforts continued to contain costs. The mining company, which operates mines in North and South America, as well as West Africa, lifted revenue to $274.4-million, from $244.8-million in the same quarter of 2018.

Canadian base metals miner Taseko Mines, which is heading for a London listing before year-end, has reaffirmed its production guidance for 2019, following an on-target third-quarter performance of 33-million pounds of copper from the Gibraltar mine, in British Columbia. Grades, mill throughput and recoveries were in line with management expectations, Taseko said on Wednesday, adding that it would achieve its guidance of 130-million pounds of copper.

BHP Group's Australian shareholders voted against a resolution to axe the global miner's membership of industry groups that advocate for coal, backing the board's call and echoing the stance taken by BHP investors in London, a preliminary tally showed on Thursday. Votes cast ahead of BHP's annual general meeting in Sydney showed 68.08% rejected a resolution proposing suspension of BHP membership of industry groups advocating policies counter to Paris climate change treaty targets, BHP said. The... Читать дальше...

Mining major BHP has re-affirmed its positive long-term view, despite trade tensions. Speaking at the company’s annual general meeting, CEO Andrew Mackenzie said that while BHP’s foundations were strong, the company remained conscious of the geopolitical landscape.