Новости за 23.01.2020

Aim-listed Edenville Energy has completed its fundraising, securing the necessary working capital to meet the current contracted production demands of up to 12 000 t of washed coal a month from its flagship Rukwa coal project, in Tanzania. Edenville has raised £700 000, before expenses, by way of the placing of 1.7-billion new ordinary shares valued at 0.02p each in the company at a placing price of 0.04p a share with existing stakeholders through Brandon Hill Capital.

Power outages implemented by State-owned power utility Eskom continued to negatively impact on precious metals miner Anglo American Platinum’s (Amplats’) platinum-group metals (PGMs) production for 2019, resulting in an overall unrecoverable loss of 38 000 oz of PGMs for the year. In the first half of the year, Amplats’ own-managed mines lost 18 000 oz  of PGMs production owing to power outages that required the mines to shut down,.

Investment holding company Contango Holdings has raised £1.4-million, before expenses, through a conditional placing of 28-million new ordinary shares at £0.01 each to new and existing investors at 5p a share.   Following the completion of the conditional placing, the company anticipates being in a position to shortly issue a final prospectus setting out details of its purchase of the Lubu coal project, in Zimbabwe, from Consolidated Growth Holdings (CGH). The Lubu project is expected to be a near-term metallurgical coal producer.

Polymetal, one of Russia’s largest gold and silver producers, has exceeded its guidance for the eight year in a row. The LSE-listed miner’s 2019 gold-equivalent production amounted to 1.61-million ounces. This is an increase of 3% on 2018 and is 4% above the original production guidance of 1.55-million ounces.

Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CE Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year. Production was up 4% for the fourth quarter, led by the continued successful ramp-up at the Minas-Rio iron-ore mine, in Brazil.

Canada-headquartered Lundin Mining has achieved its production guidance for all the metals it produces, at all its operations, as the miner prepares for a big jump in production this year. The miner produced 67 131 t of copper in the fourth quarter, taking total production for the year to 235 498 t, which is in its guidance of 227 000 t to 245 000 t. The Candelaria mine, in Chile, produced 39 221 t in the final quarter, which president and CEO Marie Inkster said on Wednesday was achieved during a time of considerable unrest in the country.

It’s been a rough haul for Freeport-McMoRan, but the future may be looking up. In the past five years, the world’s largest publicly traded copper miner was forced to sell assets and shares to manage debt as it weathered fall-out from the collapse of the commodity super cycle. It emerged from multiyear talks over its Indonesian mine to secure long-term rights, and hung on as production at the flagship operation tumbled during the switch from open pit to underground mining.

A Polish coal mining union chided one of its leaders for meeting climate activist Greta Thunberg as a misstep that undermines their efforts to keep coal as the country’s key source of energy. The meeting -- held in coal-dependent Poland earlier this month -- made it to the speech that Thunberg, 17, gave at the World Economic Forum in Davos on Tuesday. She accused the global leaders of giving up on the climate change fight.

Copper developer Orion Minerals has started the partnering and joint venture process for its Prieska copper/zinc project, in South Africa. The dual-listed company on Thursday told shareholders that it had appointed Macquarie Capital as financial advisors to run the formal partnering process, after receiving expressions of interest from third parties relating to the potential acquisition of, or subscription for a significant project-level ownership interest in the project.

As palladium’s record-breaking rally makes guessing the size of stockpiles more important than ever, one thing at least is clear – they’re getting a lot smaller. Inventories held by producers, investors and users have been key to feeding a market that’s faced supply deficits for the past eight years. While their size is largely a mystery, researcher Metals Focus estimates that stockpiles have almost halved in the past decade to equal about 14 months of demand.