Новости за 10.03.2020

Private investment and management company Menar is doing due diligence on thermal coal assets that have been placed on the market by companies wishing to offload them out of their portfolios. “If we get a good deal, we’ll look at making acquisitions,” Menar MD Vuslat Bayoǧlu told Mining Weekly on Monday. (Also watch attached Creamer Media video.)

A South African court on Tuesday sided with State power utility Eskom in a dispute with energy regulator Nersa over electricity tariffs in the 2018/19 financial year. The court "set aside" Nersa's tariff decision and granted Eskom leave to apply to Nersa for additional expenses it incurred in 2018/19, a copy of the judgment seen by Reuters showed.

Aim-listed mining company Vast Resources on Tuesday confirmed that its initial shipment of equipment for the Baita Plai mine was not affected by shipment restrictions in China and that it would depart next week. The first shipment is currently being loaded and will depart for Romania on March 16, with further containers booked for March 20. These initial shipments, Vast confirmed, would allow production to start within the six-month timeline on financing.

A plan proposed by South Africa’s biggest labor group to get pension funds and state lenders to refinance part of the state power utility’s gargantuan debt faces hurdles that may be impossible to overcome. Under the Congress of South African Trade Unions’ so-called social compact, Eskom Holdings R454-billion of debt will be cut to R200-billion, with the balance transferred to a specially created entity. That will be funded by the Public Investment Corporation, which manages civil servants’ pensions... Читать дальше...

China Nonferrous Mining Corp (CNMC) said late on Monday its parent had agreed to sell its 74.52% stake in the company to the group's engineering arm for 7.36-billion yuan ($1.06-billion) in a restructuring move. State-owned CNMC is selling its 2.6-billion shares to its 33.75%-owned subsidiary, China Nonferrous Metal Industry's Foreign Engineering and Construction, known as NFC, according to a filing to the Hong Kong stock exchange, which did not provide a reason for the move.

Aim-listed Ncondezi Energy is at an advanced stage with the project financing model for its 300 MW coal-to-power project, in Mozambique, and expects sign off from its partners before the end of the month. Once the financial model is signed off, the company can start with a formal tariff offer submission to State-owned utility Electricidade de Moçambique.

Dual-listed Copper Mountain Mining has revised its mine plan and project schedule for its Copper Mountain mine, in British Columbia, deferring a $22-million capital spend in response to current market conditions and near-term copper uncertainty as a result of the Coronavirus. ASX- and TSX-listed Copper Mountain on Tuesday said that it would defer the installation of the third ball mill at its namesake project, saving $22-million in capital expenditure in 2020. The company would also look at reducing... Читать дальше...

ASX-listed Metals X has reported a 10% increase in the mineral resource estimate for the Nifty copper project, in Western Australia, as a the company flagged a possible sale of the asset. Metals X in December last year suspended mining operations at Nifty as the mine continued to perform below expectations.

BHP Group is in good shape to take action should supply chain disruption caused by the global coronavirus epidemic trigger acquisition opportunities, the global miner's chairperson Ken MacKenzie said on Tuesday. "On balance, the business is in very good shape," MacKenzie said, speaking at the Australian Financial Review summit in Sydney. "I'm not sure if there will be any opportunities that will come from this but if there are, we are actually in a position to act."

Recently completed drilling at the Las Chispas project, in Sonara, Mexico, has doubled the size of the Babi Vista vein, Vancouver-headquartered SilverCrest Metals announced on Monday. The in-fill and expansion drill results for Babi Vista show higher-grade vein mineralisation to depth, including hole UBV19-30 with 2.1 m grading 12 740 g/t silver equivalent The company on Monday announced the results of 22 drill holes, which follows 14 drill hole results announced previously. Based on the 36 drill holes... Читать дальше...