Новости за 14.04.2020

Dual-listed McEwen Mining will immediately restart operations at the Black Fox mine, in Timmins, Canada, and said that its 49%-owned San Jose mine, in Argentina, would also restart. Production at the Black Fox mine was suspended on March 26 for two weeks to allow the management time to evaluate and adapt to operating with the risk associated with the Covid-19 pandemic. McEwen reported on Tuesday that it had implemented rigorous policies and procedures to minimise the potential risks to the health of workers at the Black Fox mine.

NYSE- and TSX-listed major Barrick Gold has bought a 13.67% shareholding in the company that owns a project adjacent to its Pueblo Viejo mine, in the Dominican Republic. Barrick agreed to acquire 12 713 636 common shares in Vancouver-based Precipitate Gold at C$0.11 a share, for an aggregate subscription price of nearly C$1.4-million. This grants Barrick an exclusive right to earn a 70% interest in Precipitate’s Pueblo Grande project. The Dominican Republic investment follows an announcement on... Читать дальше...

US coal miner Consol Energy has resumed normal operations at its Bailey mine, where production was curtailed on March 30, after two employees tested positive for Covid-19. The miner confirmed on Tuesday that the workforce at the Bailey mine, part of the Pennsylvania Complex, returned to a normal production schedule on Monday. However, production at the Enlow Fork mine will be idled, owing to the weakness in coal demand and economic slowdown related to the pandemic.

Aim-listed diamond producer BlueRock Diamonds, which owns the Kareevlei mine, in Kimberley, in the Northern Cape, says the two-week extension of South Africa's national lockdown to April 30 will not have a significant impact on its strategy.   Executive chairperson Mike Houston says the lockdown extension did not come as a surprise and is consistent with what is happening around the world.

Coal miner and supplier Buffalo Coal recorded a 294% decrease in its basic and diluted earnings for the year ended December 31, 2019, to 10c a share. The company owns 100% of the shares in Buffalo Coal (BC) Dundee, which has an interest in two operating coal mines in South Africa.

Diversified mining and marketing company Glencore recently completed an electrification project where it assisted South African power utility Eskom to provide electricity access to 300 households in the Ga-Masha and Ga-Rantho communities, in Limpopo. Glencore aims to assist government in its quest to improve the lives of ordinary South Africans through fostering sustainable growth, especially in rural areas where inadequate service delivery negatively impacts on people.

The Commercial Court of São Paulo has ruled that DEV Mineração, the owner of the Amapá iron-ore project could start shipping stockpiled iron-ore, marking a major milestone for the reopening of the iron-ore mine that once belonged to diversified miner Anglo American. London-listed Cadence, which is buying a stake in Amapa, announced the court ruling on Tuesday, and said that the project’s joint venture (JV) partners were in discussions for potential offtake contracts to begin shipments "as quickly as possible". Читать дальше...

ASX-listed Australian Potash has inked a second binding term sheet with Migao International to supply 50 000 t/y of premium sulphate of potash (SOP) from its Lake Wells project, in Western Australia. The offtake agreement will span an initial ten-year term, and would include K-Brite (SOP) sales and distribution rights on an exclusive basis to China.

Mexico's Peñasquito mine, one of the country's leading gold and silver producers, said on Monday that it had temporarily suspended operations to comply with government restrictions aimed at curbing the spread of the coronavirus. In early April, US mining giant Newmont, which operates the mine, said it would begin reducing its operations at the site after the government declared a health emergency compelling "non-essential" industries to pause activity.

Coal prices fell across the curve even as oil and gas prices stabilised somewhat. Physical RB1 is trading at a slight discount to paper, whilst the RB3 differential has blown out to around $16 as reduced demand from India for SA coal weighs on exports. The firm RBCT vessel queue is looking quite sparse now, although railings to the port are also only achieving around 70% capacity. Indian government reforms to raise domestic production and cut imports have been delayed yet again. As the country experiences its own lockdown... Читать дальше...

Peruvian base metals miner Compania Minera Antamina has temporarily suspended operations at its Antamina copper/zinc mine, in response to the Covid-19 pandemic. Mining major BHP, which holds a 33.75% interest in Antemina, on Monday said that the Peruvian company had been operating with a reduced workforce under an exemption from the Peruvian government to its Covid-19 Emergency Decree and Antamina’s current shift has been on site since the national state of emergency began four weeks ago.

Gold extended a rally to hit the highest level in more than seven years on concern that the coronavirus pandemic will have a devastating effect on the global economy, hammering corporate earnings while supercharging demand for havens. Bullion has soared as the outbreak tipped economies into recession and spurred central banks to launch huge stimulus. Since getting caught up in a wave of forced selling last month as equities sank, gold has staged a powerful recovery. That means futures are now nearing... Читать дальше...

The Cigar Lake uranium mine, in Canada’s northern Saskatchewan, will remain on care-and-maintenance for an “indeterminate period”, uranium producer Cameco announced on Monday, explaining that it sought to keep the remote isolated communities in which it workers live safe during the Covid-19 pandemic. The group further said that it was difficult to maintain the recommended physical distancing at a fly-in, fly-out site. Cameco announced on March 23 that the Cigar Lake operation was being placed in safe care-and-maintenance mode for four weeks... Читать дальше...