Новости за 02.06.2020

The decision to keep Chinese factories shut after the Lunar New Year sent shudders through the massive mines of Brazil and Chile that feed them. Now, with China getting back to work and Latin America the new virus hot spot, concern is shifting from demand to supply. Iron-ore shipper Vale had a scare last week as it had to fend off an attempt by Brazilian prosecutors to close a complex that accounts for a tenth of its output. A union at copper behemoth Codelco said members are concerned that a still small outbreak of the virus will spread. Читать дальше...

Nickel exploration, mining and beneficiation company Atlantic Nickel  says its Santa Rita mine, in Brazil, remains operational, with limited disruptions  to the supply chain as a result of the Covid-19 pandemic. The mine completed its second and third shipments ahead of schedule and has produced more than 30 000 t of nickel concentrate to date.

Pandora, which makes more pieces of jewelry than any other company in the world, will stop relying on newly mined gold and silver and instead use only recycled precious metals. The new policy, which takes effect in 2025, will help the Copenhagen-based company beef up its climate credentials and make it a more appealing target for investors eager to fill their portfolios with assets that meet environmental, social and governance goals. Shares in Pandora jumped about 5% when trading started in the Danish capital... Читать дальше...

The Queensland Resources Council (QRC) has welcomed a decision by state Treasurer and Minister for Infrastructure and Planning, Cameron Dick, declaring the Central Queensland Coal Network (CQCN) and the Dalrymple Bay Coal Terminal (DBCT) as regulated monopolies until 2040 and 2030 respectively. QRC CEO Ian Macfarlane said the decision provided regulatory certainty for rail and port infrastructure critical for the coal industry’s A$52-billion economic contribution and more than 260 000 Queensland jobs.

The outlook for the North American coal industry remains negative and earnings for coal miners could fall by more than 50% this year, says Moody’s Investor Service. The ratings agency says the coronavirus pandemic has worsened the outlook for the sector. "Domestic demand for thermal coal for power generation will fall significantly in 2020 and continue to fall in the 2020s," says lead coal analyst Benjamin Nelson. "Coal consumption will be crushed in 2020 with the industry taking much of the hit... Читать дальше...

More mines across Mexico are ramping up operations, as the country on Monday allowed mining to fully restart, provided that operations meet Covid-19 protocols. Operations were suspended in March to comply with mandatory quarantines imposed in response to Covid-19. By Monday, more than 93 000 people had been infected and about 10 000 had died of the disease in the country.

ASX-listed Hot Chili has inked a formal agreement with Chilean-government agency Empresa Nacional de Mineria (Enami) for the lease mining and processing of ore from the Productora copper/gold project, in Chile. Hot Chili said on Tuesday that the agreement provided a low-risk pathway to bring forward first production from the company’s coastal copper hub, while also providing certainty of ore supply and employment at Enami’s nearby processing facility in the township of Vallenar.

ASX-listed Panoramic Resources has completed the institutional component of its entitlement offer and an underwritten institutional placement, raising an initial A$51.9-million. Panoramic last week announced plans for a A$90-million capital raise to to de-risk the restart of its Savannah nickel mine, in Western Australia, and to fund project enhancement activities.

The London Metal Exchange (LME) has pulled the plug on the biggest annual gathering in the metals market, cancelling all its own events during October’s LME Week because of coronavirus concerns. From its origins as an annual gathering organised by the LME’s golf association, the week-long roster of conferences and cocktail parties has for years marked the traditional start of annual supply negotiations in the metals markets. The LME Dinner attracts more than 1 000 guests, and thousands more descend... Читать дальше...