Новости за 02.12.2019

London-listed Kavango Resources’ drilling programme on the Kalahari Suture Zone drilling project, in Botswana, has identified multiple magma conduits, which would have supplied molten lava to the surface. Kavango says a drill hole on the final target of the drill programme intersected a 16 m gabbroic sill at 120 m from surface.

TSX-V- and Aim-listed Altus Strategies has signed a definitive joint venture (JV) with Glomin Services for the Lakanfla and Tabakorole gold projects in Mali. The terms of the JV include that Altus will receive up to $1.4-million in milestone cash payments. Altus will retain some equity and a 2.5% net smelter return royalty on the projects.

The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets. There has been little good news this year. An oversupply of rough diamonds, a surfeit of polished stone stocks and falling prices have piled pressure on both the companies that dig them up and the lesser known businesses that cut, polish and trade them.

Zijin Mining Group Co, one of China's biggest gold miners, has signed an agreement to buy Canadian miner Continental Gold Inc , saying the purchase would increase its gold reserves and boost cash flow and profit. The acquisition, which will cost around C$1.33-billion in cash, aims to secure Continental Gold's flagship Buriticá gold project for Zijin, the Chinese company said in a filing to the Shanghai Stock Exchange.

ASX-listed Blackstone Minerals has inked a memorandum of understanding (MoU) with Korean battery cathode manufacturer Ecopro BM Co to partner on a downstream processing facility for Blackstone’s Ta Khoa nickel project, in Vietnam. The two companies will work on an alliance to form a joint venture (JV) with the intention of developing a suitable nickel, cobalt or other battery mineral product for lithium-ion battery manufacturing, using ore from Ta Khoa.

ASX-listed Paladin Energy on Monday announced that the sale of its 85% interest in the Kayelekera uranium project, in Malawi, will now be subjected to additional obligations set by the Minister of Natural Resources, Energy and Mining. The additional obligations, which include the provision of further tax reporting information, corporate social responsibility and environmental assurances and responses to labour related queries, will need to be met prior to consent being granted for the sale of the asset.

Polling done on behalf of the Minerals Council of Australia (MCA) has shown that four out of ten Australians support lifting the ban on nuclear power in Australia. The polling, done by JWS Research, fo0und that 39% of Australians supported the use of nuclear power in Australia.

Canadian miner Argonaut Gold CEO Pete Dougherty on Friday expressed the company’s disappointment with the decision by the Mexican environmental authority, Semarnat, to turn down the environmental impact assessment for the San Antonio project, in Baja California Sur. The project failed to be approved, owing zoning issues that Argonaut thought it had resolved through a 2016 Supreme Court ruling.

Brazilian miner Vale said it would resume operation of the Viga concentration plant on Saturday after having halted operations for a few months, as documents related to the operational permit had been "regularized." Vale, in August, had halted operations at the Viga concentration plant of Ferrous Resources do Brasil, a company it acquired earlier this year, due to "inconsistency in the documents".

Chile’s biggest civil unrest in a generation is heaping the pressure on new Codelco boss Octavio Araneda to squeeze more money out of aging copper deposits. Before the wave of protests and riots began six weeks ago, Araneda was already facing the difficult task of having to invest billions just to keep production from plunging and costs rising at a time of thin margins in the global copper business.

Rising refined tin output will cut the global market deficit next year and weigh on prices as new Chinese smelters ramp up and Indonesia also expands production, the International Tin Association said on Friday. Benchmark tin prices have already been the worst performer on the London Metal Exchange this year, sliding 16%.