Новости за 01.06.2020

South Africa-based Buffalo Coal's revenue rose by 32% year-on-year to R127-million for the three months ended March 31. However, it incurred a loss from operations of R97-million, 1 030% lower than the R10.4-million profit of the corresponding period last year.

Vancouver-headquartered Lundin Gold has begun the first phases of reopening the Fruta del Norte gold mine, in Ecuador, after the government approved protocols that allow the mining industry to restart operations under health and safety guidelines. The government has also established logistics corridors to facilitate transportation for the mining industry, which has seen Lundin ship all the concentrate and doré that have been stored at site since the suspension of operations on March 22, and started transporting reagents... Читать дальше...

ASX-listed Titan Minerals says it has received firm commitments from investors for a placement to raise A$12-million – at A$0.065 apiece. Titan says the placement was strongly supported by existing and new domestic and offshore institutional investors.

Aim-listed emerging phosphate producer Kropz has raised about $350 000 by way of an equity placing with chairperson Robin Renwick and interim CEO Mark Summers at a price of 6.75p per ordinary share. Additionally, Kropz has launched an open offer to existing shareholders to raise up to $4-million, at the same issue price.

The mining permits for Aim- and TSX-listed Atalaya Mining’s wholly owned Proyecto Riotinto operation, in Spain, are now fully validated by the Junta de Andalucía. The validation of the permits ends all the legal processes previously announced by the company in relation to claims made by interested parties in connection with the approval process of Proyecto Riotinto.

ASX- and LSE-listed Danakali and Africa Finance Corporation have agreed on an extended deadline for Tranche 2 of AFC’s equity funding to Danakali, as a result of market and global conditions, amid Covid-19, which have impacted on the satisfaction of remaining conditions to the funding. Tranche 2 is now expected to be concluded by November 21.

Driven by significantly reduced diamond prices, especially in its March tender, diamond miner Petra Diamonds reports a drop in revenue of 32% year-on-year to $91.3-million for the third quarter of the financial year ended March 31. Reflecting stable market conditions before the Covid-19 pandemic took hold internationally, the company notes that its February tender saw pricing, on a like-for-like basis, up marginally in comparison to prices achieved in the first half of the 2020 financial year.

Morocco-focused potash development company Emmerson has  completed the feasibility study on the company’s 100%-owned Khemisset potash project, which has confirmed a post-tax net present value of $1.4-billion and an internal rate of return of 38.5% over an initial 19-year mine life. Total pre-production capital cost is estimated at $387-million, $19-million lower than that estimated in an earlier scoping study.

Aim- and ASX-listed Thor Mining has acquired 100% of the shares in private Australian company, American Vanadium, which has interests in uranium and vanadium focused projects in Colorado and Utah, in the US. The exploration and development company also said on June 1 that it would pursue strategic financing to allow acceleration of its project interests, including work on new projects.

Diversified miner Rio Tinto has apologised after it detonated explosives near a 46 000-year-old sacred indigenous site, in Juukan Gorge, Australia. The Puutu Kunti Kurrama and Pinikura People (PKKP) group of traditional [land] owners say the denotation of explosives 11 m away from ancient rock shelters destroyed it and therefore their connection to their ancestors and land.

Indonesian authorities are considering two companies' requests to dispose mining waste into the ocean, a senior government official said on Sunday, at a time of heightened sensitivity about the environmental impact of mining. The requests come as mining waste management is increasingly scrutinised after a nickel plant in neighbouring Papua New Guinea spilled red mud into the sea last year due to an operational failure. Indonesia was a major nickel ore exporter until last year, before the government... Читать дальше...

ASX-listed Platina Resources is finalising the sale of its wholly-owned Skaergaard project, in Greenland, to Canadian company Eastern Zinc. Platina will receive C$500 000 in cash and C$7.15-million worth of shares in Eastern Zinc, upon regulatory approvals in Australia and Greenland.

TSX-V-listed Sienna Resources has started a 1 000 m drill programme on its flagship Slättberg project, in Sweden. The project contains platinum-group metal (PGM), nickel and copper mineralisation that remains open at depth and along strike, as determined by Sienna’s two prior drilling campaigns on the project in 2018 and 2019.

Most of the South African workforce is back at work from 1 June, with mines able to operate at full capacity. However, stringent safety requirements are in place to test for Covid-19. Across the globe however, suppliers are warning of delays to procure equipment, potentially delaying projects hoping to expand.In the current oversupplied market, that is probably a welcome factor.

ASX-listed American Pacific Borates (ABR) has completed a placement of A$31.2-million at $0.60 apiece to institutional and sophisticated investors. About half of the placement amount was contributed by an existing international institutional shareholder of ABR.

South American mining giant Chile churned out more copper in April than the same month the previous year, according to government data released on Friday, even as measures to tame the coronavirus outbreak continued to hammer its economy. The world´s largest producer of the red metal boosted production by 2.8% in April to 474 880 t versus the same month a year ago, national statistics institute (INE) data showed. The uptick comes despite a small drop in copper processing and falling ore grades at the country´s top mines.

In late April, Evaldo Fidelis, a 35-year-old tractor operator at Vale's massive iron-ore mine in northern Brazil, came down with a dry cough. Soon, he said, six others in his crew of about 40 workers fell ill with classic symptoms of Covid-19, the respiratory illness caused by the novel coronavirus. Fidelis, a labor organizer who tested positive for the virus 10 days later, is far from alone. An isolated area in Brazil's Para state centered around three Vale-owned iron-ore mines - S11D, Serra Norte... Читать дальше...

Exploration company Solaris Gold, which owns a property in Ecuador, has completed a non-brokered private placement financing raising gross proceeds of C$20-million. Solaris issued 25-million units at C$0.80 an unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of C$1.20 for a period of three years.

The Democratic Republic of Congo has suspended the board of directors and management of state-controlled diamond mining company MIBA, after an audit revealed significant irregularities, the government said in a statement. The audit identified a host of problems including compliance, governance, production and financial management, the statement by Congo president's office said following a council of ministers meeting on Friday.