Новости за 14.11.2019

Artisanal gold mines in West Africa’s Sahel zone have become a source of financing and recruits for Islamist militants in the region as they secure sites or levy illicit taxes, according to the International Crisis Group. “The main jihadist groups in the Sahel benefit financially from gold extraction – an activity that they consider lawful – in their areas of influence,” the Brussels-based advocacy group said in a report. “They do so in ways that vary from region to region.”

Vancouver-headquartered Lundin Gold has received the two outstanding permits that were required to move its Fruta del Norte project, in Ecuador, into production. With the issue of an industrial water permit and administrative act, the company would achieve its goal of producing its first gold before the end of this year.

Mining production increased by 0.2% year-on-year in September, following a 3% year-on-year decline in August. This was above consensus expectation of a 2.4% year-on-year decline for September, says Investec.

The International Tin Association (ITA) and the Responsible Minerals Initiative (RMI) have jointly developed and published new assessment criteria for tin smelting companies”, which seek to clarify common upstream and downstream views of due diligence requirements for the tin supply chain.   The RMI is an initiative of the Responsible Business Alliance.

Construction of the $30-million Relief Canyon gold mine, in Nevada, is proceeding well and remains on track to produce its first gold before the end of the year, dual-listed Americas Gold and Silver CEO Darren Blasutti reported on Wednesday. The company acquired Relief Canyon through the acquisition of Pershing Gold earlier this year, and in April approved construction of the mining and heap leaching facilities.

Metals processing company Jubilee Metals’ share price on the JSE rallied by more than 10% on Thursday morning, while its shares on the LSE rose by nearly 7%, after it reported strong growth in earnings for the financial year ended June 30. The Aim- and AltX-listed company reported earnings of £7-million, or R128-million, compared with a loss of £2.1-million, or R37-million, incurred in the year ended June 30, 2018.

Operational issues and lower production at both its African gold mines negatively impacted on TSX- and Aim-listed Avesoro Resources’ financial performance in the third quarter ended September 30, pushing the miner into a loss. It reported a loss before interest, taxes, depreciation and amortisation loss of $4.7-million for the quarter under review, compared with earnings before interest, taxes, depreciation and amortisation of $2.1-million in the second quarter of the year.

CSE-listed exploration company Rockcliff Metals on Wednesday announced that the initial drill holes at the Talbot property, in which it is earning a stake from base metals miner Hudbay Minerals, have delivered high-grade assay results. Drilling intersected mineralisation above the current Talbot deposit resource and within the existing Talbot deposit resource envelope.

The board of Toronto-headquartered Largo Resources has approved the construction of a ferrovanadium conversion plant at the Maracás Menchen mine, in Brazil. The construction of the company’s own ferrovanadium conversion plant creates downstream advantages as it eliminates the need to convert Largo's vanadium pentoxide (V2O5) using third party convertors, explains CEO Paulo Misk.

Mining Weekly Editor Martin Creamer unpacks news around renewable energy, project expertise and Saldanha Steel.

The Queensland government has established an advisory committee consisting of ten of the state’s leading resource, environmental and academic experts to advise the government on the allocation of funds to rehabilitate failed resource sites. Deputy Premier and Treasurer Jackie Trad said the advisory committee has been established under the Financial Provisioning Scheme (FPS), through which resource companies contribute to a pooled fund that can be used to address issues at sites where companies have... Читать дальше...

Nickel miner Panoramic Resources has launched an operational review of its Savannah project, in Western Australia, with the miner warning that the full year production guidance would not be met as the operation continued to perform below expectations. The ASX-listed company on Thursday said that after the below-budget operational performance of the Savannah project during the September quarter, the operation has continued to underperform during the month of October.

Australian Resources Minster Matt Canavan on Thursday said that the latest World Energy Outlook had reinforced opportunities for Australia to strengthen its role as a growing, reliable and competitive supplier of high quality coal and gas to Asia, including the fast-growing Indian economy. The World Energy Outlook 2019, released by the International Energy Agency (IEA), has estimated that under the Current Policies Scenario, global energy demand will rise by 1.3% a year to 2040, resulting in strains... Читать дальше...

Dual-listed base metals developer Orion Minerals has increased its share placement to sophisticated and professional investors to $7.7-million, from the $6.4-million originally announced on October 25. The company has now placed about 308-million fully paid ordinary shares at $0.025 apiece.

Mining major BHP has announced that Mike Henry would be replacing Andrew Mackenzie as CEO from January 1. Mackenzie will step down as CEO, a member of the executive leadership team and an executive director of the company on 31 December 2019, and will retire from the group at the end of June 2020.