Новости за 23.04.2020

The World Gold Council (WGC) says the benefits of certain portfolio hedges “came into clear focus” during the 2008/9 financial crisis, the subsequent European sovereign debt crisis, the 2018 December stock market pullback and the most recent Covid-19 pandemic. According to the council, “many tail hedges work well during crises”, if timed properly, but are technically considered complex investment, and can be expensive to hold systematically.

London-listed Kavango Resources, which is targeting the discovery of world-class mineral deposits in Botswana has recorded recent progress across its portfolio of projects − the Kalahari Suture Zone (KSZ), the Kalahari Copper Belt (KCB) and Ditau. Ten prospecting licenses (PLs) cover a substantial portion of the 450 km strike length of the company's KSZ project.

Dual-listed Danakali has appointed Africa Finance Corporation (AFC) president and CEO Samaila Zubairu and Taiwo Adeniji  AFC senior director for investment operations and execution as nonexecutive directors of its board. Danakali says they will bring significant experience to the board and support to the Colluli sulphate of potash project in Eritrea as it moves closer to construction and production, which is expected to be in 2022.

Most of Anglo American’s mining sites around the world are continuing to operate, with appropriate health, hygiene and distancing measures. The diversified mining company said on Thursday that it was taking all necessary steps to ensure the security and integrity of its assets for the long term and preserving its ability to return affected operations swiftly to normal levels of production when appropriate.

Diversified mining company Anglo American reported on Thursday that its first-quarter diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo was mined prior to transitioning to underground mining, Venetia’s underground mine will extend operational life to 2045.

Diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo is mined prior to transitioning to underground mining, Anglo American reported on Thursday. Venetia’s underground mine will extend operational life to 2045.

The Bosnian Federal Ministry of Environment and Tourism (FMET) has issued a positive record of decision (RoD) for the Veovaca environmental permit, UK-based exploration and development company Adriatic Metals said on Thursday. Adriatic is the owner of the Vareš mining concession in Bosnia and Herzegovina, comprising the Veovaca and Rupice areas. The Veovaca project is a historic operation mined between 1983 and 1987.

Canadian zinc development company ScoZinc Mining has closed the first C$500 000 tranche of its previously announced nonbrokered private placement. The company placed units at C$0.30 to raise the proceeds, which it will use to complete the NI 43-101 pre-feasibility study (PFS) for the Scotia mine, near Halifax, Nova Scotia.

Precious metals miner Sibanye-Stillwater has pledged its support for the phased approach to facilitate a managed and orderly return to safe production in the South African mining industry. According to the Amended Disaster Regulations, announced on April 16, South African mines may now conduct operations at a reduced capacity of 50% of normal production during the lockdown period, and thereafter may increase productive capacity as determined by Mineral Resources and Energy Minister Gwede Mantashe.

International silver demand was buoyed in 2019 by a 12% increase in investment demand, as retail and institutional investors focused their attention on the long-term investment appeal. This is according to the Silver Institute’s ‘World Silver Survey 2020’, which states that total demand for the precious metal increased from 988.3-million ounces in 2018, to 991.8-million ounces in 2019.

TSX- and NYSE American-listed Polymet remains “determined and confident” that it would advance its copper/nickel mine on the Iron Range, Minnesota, and has this week turned to the Supreme Court to view a lower court ruling on the company’s air permit. The company is seeking to overturn a state Court of Appeals ruling on March 23 that remanded the air permit to the Minnesota Pollution Control Agency (MPCA). PolyMet is asking the Supreme Court to clarify when a court of appeals can require an agency... Читать дальше...

Alcoa is the latest commodity producer that’s cutting costs and output to mitigate the fallout from the coronavirus pandemic. The company is the top US producer of aluminum, which is found in everything from jets to iPhones and has been among the worst-performing commodities during the crisis. As governments shut down large swathes of their economies, Alcoa said the extent and duration of the pandemic is unknown and suspended its market outlook.

ASX-listed New Century Resources resumed share trading on Thursday after announcing the successful completion of institutional component of its entitlement offer, raising an initial A$5.1-million. The fully underwritten two-for-seven pro rata accelerated non-renounceable entitlement offer will raise A$27.3-million, and forms part of a greater A$51.1-million capital raise, which would also result in metals miner Independence Group taking an 18.4% stake in New Century for a A$27-million investment.