Новости за 19.11.2019

With a two-to-three year growth phase ahead of copper miner Taseko Mines, president Stuart McDonald believes it is an “exciting time” to be introducing the North America-focused company to new investors. Speaking to Mining Weekly Online ahead of the company’s listing on the LSE main market in London this week, he said that the stability of its producing Gibraltar mine in British Columbia, Canada, and the near-term, low-cost growth from its Florence project, in Arizona, US, presented an “excellent investment opportunity”.

World Diamond Council (WDC) president Stephane Fischler says that although the Kimberley Process (KP) requires a political process, it is in the collective interest of all participants that rough diamonds meet the expectations of the market. He opened the KP plenary meeting, in India, on Tuesday, which was expected to discuss the end of the KP’s three-year reform and review cycle and the future of the much-anticipated reform agenda.

Global miner Rio Tinto on Tuesday refuted suggestions that the underground mine development and financing plan (UDP) or any other foundational agreements for the Oyu Tolgoi mine, in Mongolian, were illegal. This comes as the Administrative Court upheld claims by the Darkhan Mongol Nogoon Negdel nongovernmental organisation (NGO) that the government of Mongolia did not follow due process in finalising the UDP.

Mineral freight exporters in Queensland are now able to apply for the A$80-million Mt Isa Line incentive, after the Queensland government released guidelines and application forms. Premier Annastacia Palaszczuk said that the four-year Mount Isa Line subsidy would support the growth of the mining industry in the state’s north west.

The Queensland government on Tuesday announced A$13.8-million in funding for critical minerals in an effort to open up the untapped ‘new economy’ minerals bounty in North Queensland and foster new discoveries, projects and jobs. “Global demand is set to soar for cobalt and rare earth minerals needed for wind turbines, generators and batteries and copper needed for electric cars and the North is rich in these new economy mineral,” Premier Annastacia Palaszczuk said.

The newly inaugurated Fruta del Norte gold mine has produced its first doré bar from the gravity circuit, TSX-listed Lundin Gold reported on Monday, noting that gold concentrate production, as part of the commissioning activities, was also well advanced. The company stated that commissioning of the carbon-in-leach circuit was ongoing and nearing completion.

Dual-listed Great Panther has reported its second fatality in less than ten days, with news out on Monday that a worker had died at the Coricancha mine complex, in Peru. The employee lost his life in an accident at the processing plant during the late evening of November 17, the gold and silver mining company said in a statement.

The Australian Takeovers Panel has received an application to prevent uranium miner Energy Resources of Australia (ERA) from undertaking its proposed A$476-million renounceable entitlement offer. The miner last week announced plans for a fully underwritten 6.13-for-1 pro-rata renounceable entitlement offer, priced at 15c a share, with some 3.17-billion shares to be issued under the offer.

Diamond miner Trans Hex expects the delisting of its shares on the JSE to be concluded on December 3. It proposed the delisting in July, when it announced a share buyback programme to purchase the issued share capital of shareholders at R1 apiece.