Новости за 13.04.2020

Australia-based MMG is formally withdrawing its 2020 production guidance for the Las Bambas copper mine in Peru, it said on Monday, after the South American country extended a state of emergency to contain the spread of coronavirus. The miner, which is majority owned by State-run China Minmetals, said in a filing to the Hong Kong stock exchange that Las Bambas would continue to operate at reduced levels, but did not provide a new full-year output forecast.

Canadian gold senior Yamana Gold on Monday announced that it would sell shares and warrants in Vancouver-headquartered Equinox Gold for C$201-million. The miner entered into an agreement with Stifel and Cormark Securities to sell 12-million units at C$10 each to qualified purchasers, for gross proceeds of C$120-million. The dealers have committed to purchase from Yamana any unsold units at a price of C$10 each, subject to customary conditions for ‘bought deal’ financing.

Gold major Barrick Gold has acquired an option to earn a 70% interest in the El Quevar project, Argentina, Colorado-based precious metals exploration and development company Golden Minerals announced on Monday. Barrick will purchase $1-million of Golden Minerals shares pursuant to a private placement transaction at $0.21 a share. In order to earn an undivided 70% interest in the El Quevar project, Barrick has to spend $10-million on exploration, deliver an NI 43-101-compliant pre-feasibility study... Читать дальше...

The board and executive management of precious metals mining company Sibanye-Stillwater on Monday unanimously elected to contribute a third of their remuneration, for the next three months, to the national Solidarity fund, established to cushion the impact of the Covid-19 pandemic on the most vulnerable members of South African society. This decision, Sibanye-Stillwater explained in a media release to Mining Weekly, followed last week’s commitment by the President of the Republic of South Africa Cyril Ramaphosa... Читать дальше...

Oil edged higher after swinging wildly in early trading as investors weighed whether an historic deal by the world’s biggest producers to cut output would be enough to steady a market pummeled by the coronavirus. Futures in London rose around 2% to above $32 /bbl after the OPEC+ alliance agreed to a plan to slash production by 9.7-million barrels a day starting in May, ending a price war between Saudi Arabia and Russia. The group reached a deal following days of intense negotiations after Mexico... Читать дальше...

An armed group stormed a gold mine in northern Mexico and stole bars of gold and silver alloy before fleeing in a light aircraft, mine operator Minas de Oro Nacional said. Minas de Oro Nacional, a subsidiary of Canadian firm Alamos Gold, said in a statement last week that the robbery at the Mulatos mine in Sonora state occurred when a group of five “heavily armed” people assaulted security staff who were transferring bars of the precious metals onto a plane. Within 10 minutes, the robbers loaded... Читать дальше...

China’s coal prices have sunk to levels that threaten State intervention, but this time policy makers may refrain from doing so as they continue efforts to buttress the economy hurt by the coronavirus pandemic. The government will try to keep power prices low as it pushes to restart the economy, according to analysts. That goal will be helped by the decline in benchmark prices to just above 500 yuan a ton, the lower end of a range that Beijing generally tries to maintain. “I don’t think the government... Читать дальше...

Alrosa, Russia’s largest diamond producer, ended some long-term deals with customers as sales in March collapsed to half the level of a year ago because of the coronavirus pandemic. “We would like to thank those of our customers who stick to our long-term contracts though with several companies we had to terminate such contracts and switch to spot sales,” Deputy CEO Evgeny Agureev said in a statement.Sales dropped to $153-million last month from $346-million in February and $377-million in March of 2019, according to Alrosa’s statement. Читать дальше...

Freeport-McMoRan, the world's largest publicly traded copper producer, said on Sunday it has suspended operations at its Chino mine in New Mexico due to the spread of Covid-19, the respiratory disease caused by the new coronavirus. The move comes after three employees tested positive for the virus earlier this month. Freeport said that more employees have now tested positive, while adding the contagion is not "widespread."