Новости за 03.12.2019

It’s about to get harder for America’s miners to ship coal to Asia. On Tuesday, the city of Richmond, California, is expected to approve a ban on coal at a terminal that accounts for almost a quarter of exports from the US West Coast. The prohibition will shut miners out of one of the few places in the region willing to handle the fuel and limit their access to one place in the world where coal demand is still growing.

Global mining company Rio Tinto on Tuesday announced a $1.5-billion investment in copper, with CEO Jean-Sébastien Jacques saying that the outlook for the metal was attractive. The investment ensure that the Kennecott operation, in the US, continued to produce copper and other metals until at least 2032.

Glencore CEO Ivan Glasenberg said on Tuesday he expected to be able to announce his successor next year, but said the timing was not yet certain. Asked by investors to clarify earlier remarks on a planned management transition, he said he would leave as soon a successor was found and that he imagined that could be next year.

Brazilian utility firm AES Tiete has agreed with mining company Anglo American to build a wind farm in the northeastern state of Bahia, it said on Tuesday. AES Tiete, which is controlled by US company AES will start building the wind farm in 2021. It will have a capacity of 167.4 MW and investment is estimated at 670-million reais ($159.66-million).

The government of the central Indian state of Rajasthan has taken a policy decision to open up potash mining to private miners through the auction of reserves. Currently, India is entirely import dependent for its domestic potash requirements with local fertiliser producers shipping in an average of three- to five-million tons a year, even though the central state of Rajasthan has proven potash deposit reserves of an estimated 2.4-billion tons across the state.

Low inventories across the copper supply chain mean that any resolution to the US–China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday. Combined stocks of on-warrant copper in London Metal Exchange and Shanghai exchange warehouses have declined 50.5% since mid-August metal buyers have slowed replenishment rates.

India’s Coal Ministry has directed State-run miners Coal India Limited and Singareni Collieries Company Limited to hold special auctions for coal supply to power projects categorised as nonperforming assets as a result of a lack of fuel supplies. As per a directive issued by the Ministry, the two coal companies are to start holding the special coal supply auctions for stressed thermal power projects from February next year.

Coal miner Wescoal has successfully relocated eight families living in a blasting radius at its Khanyisa colliery, in Mpumalanga. The group this week handed over the title deeds for eight newly-built modern homes in Klarinet, a housing development in eMalahleni.

Ledjadja Coal, subsidiary of ASX- and JSE-listed Resource Generation (Resgen), has entered into two nonbinding term sheets for equity and debt with a group of three potential funders to fund the Boikarabelo coal project, in South Africa’s Limpopo province. Resgen has appointed legal advisers to draft definitive legal documentation based on the term sheets.

Australia-listed Sunstone Metals on Tuesday announced the latest results from its Bramaderos project, in Ecuador, which provided more evidence that drilling was closing in on the centre of a large copper/gold porphyry system at the Limon target. Assay results from drill hole LMD004 at Limon have delivered a long interval of highly anomalous copper and gold values over 360 m from 703 m down hole, to the end of hole.

The Plomosas zinc/lead/silver mine, in Mexico, will move to an owner-operated mining operation, after ASX-listed Consolidated Zinc terminated the mining contractor, citing “significant deficiencies” in its performance. The company believes that bringing mining contracting services in-house will have many benefits, including improved performance by working with a single on-site management team involved in all aspects of mining, by focusing on quality over quantity of material delivered to the service... Читать дальше...

London-listed Arc Minerals has acquired a further 5% interest in Zambian exploration company Zaco, increasing its shareholding to 52.5%. Arc paid $37 500 to Arc director Mumena Mushinge for the 5% stake.

Africa Finance Corporation (AFC) has made a $50-million, or A$74-million, strategic equity investment in ASX-listed potash developer Danakali. AFC acquired shares in Danakali at a price of A$0.60 apiece.

Mining billionaire Robert Friedland has regained direction and control over 25-million shares in Ivanhoe Mines that were previously pledged as security for a loan made to Friedland by a commercial bank. The common shares constitute 2.1% of the 1 194 039 162 common shares of Ivanhoe currently issued and outstanding.

ASX- and JSE-listed Orion Minerals has continued to incorporate positive results from optimisation studies into the Prieska copper project’s bankable feasibility study (BFS). The optimisation studies will culminate in an updated BFS in the first quarter next year and is expected to highlight the opportunity for an expanded and enhanced project development scenario.

TSX- and NYSE-listed Kinross Gold will sell its royalty portfolio to gold-focused Maverix Metals for $74-million. The total consideration includes $25-million in cash and about 11.2-million Maverix common shares, representing a 9.4% interest in Maverix.

Vale, the world's largest iron-ore miner, said on Monday that it would slash output from its Brucutu mine for up to two months as it evaluates the stability of the nearby Laranjeiras dam, where much of the mine's waste is normally disposed. The move will leave Brucutu, Vale's biggest mine in Minas Gerais state, the industry's longtime heartland, operating at 40% of normal capacity for the period, cutting its output by 1.5-million tonnes.