Новости за 25.06.2020

Seriti Resources Holdings has satisfied its appetite for South African coal mines after acquisitions over the past three years made the company one of the nation’s top producers of the fuel. Seriti will consider a range of growth opportunities from other minerals to renewable energy, CEO Mike Teke said in an interview. The black-owned mining company has grown quickly by acquiring assets as Anglo American and South32 divest from some thermal-coal operations in South Africa.

Diversified miner Anglo American CE Mark Cutifani has called for a society-wide response to the global Covid-19 crisis and says the miner is committed to global tax and the Extractive Industries Transparency Initiative (EITI). In its Tax and Economic Contribution report for the year ended December 31, 2019, Cutifani says the company remains resilient and highly competitive and is maintaining strict capital discipline, while continuing to unlock significant further potential.

The World Platinum Investment Council (WPIC) says that, although platinum as an investment product in China is still a relative newcomer, it remains one with enormous potential. WPIC regional head for Asia Pacific Weibin Deng says China is the second-largest market for platinum consumption in the world, after Europe.

Diversified miner Exxaro Resources expects a mixed picture for demand for its coal products as the Covid-19 pandemic continues to take its toll on the global economy. In a interim pre-close update by FD Riaan Koppeschaar on June 25, the group pointed out that it had, to date, recorded eight positive Covid-19 cases among employees, one of whom has fully recovered.

The Minerals Council South Africa says Finance Minister Tito Mboweni’s Supplementary Budget speech expressed the right perspectives on the management of the country’s deepening fiscal crisis, but lacked detail on the steps that have to the taken to rescue the economy. “It is important to remember that our economy was already showing significant signs of strain, for example, subinvestment-grade ratings, growing public sector wage bills and shrinking tax collection, all before the Covid-19 crisis.”

Russian diamond miner Alrosa has suspended work at its Inter underground mine, after several employees tested positive for Covid-19. Operations would be idled for one to two weeks, the company said in a statement on Thursday. The employees who tested positive for Covid-19 are treated at the Mirny hospital and Alrosa reported that their health condition was stable.

Mining Weekly Editor Martin Creamer unpacks the need for SA to invest more in productive infrastructure to boost the economy, China becoming a net importer of vanadium and how Covid-19 could be catalyst for the hydrogen economy to take off.

The Western Australian Environmental Protection Authority (EPA) has recommended that the Warrawoona gold project be given environmental approval. Project developer Calidus Resources on Thursday said that the EPA approval was the penultimate stage in the permitting process for the gold project, with final approval vesting with the Minister for Environment.

Lithium miner Orocobre is expecting sales volumes on the June quarter to reach some 1 600 t of lithium carbonate, with product pricing expected to be around $4 015/t free on board. The sales volumes for the June quarter compared with the 2 513 t sold in the March quarter, which was down from the 3 287 t sold in December quarter.

ASX-listed Alta Zinc has secured A$3.6-million to fund exploration work at its Gorno zinc project in Italy. The junior has received firm commitments from professional and institutional investors for the placement of 890.5-million shares, priced at 40c each, and more than 296.5-million listed options, with an exercise price of 1c each.

ASX-listed Mincor Resources will raise A$60-million through a share placement and a share purchase plan (SPP) to fund exploration at its Kambalda projects, in Western Australia. Mincor on Thursday announced that it would raise up to A$50-million through a two-tranche fully underwritten share placement, priced at 72c each.

Mining company Aura Minerals filed on Wednesday for initial public offering on the Sao Paulo stock exchange B3, according to a securities filing. Based in the British Virgin Islands and listed in Toronto, Aura has mining assets in Honduras, Brazil, US and Mexico and besides exploration projects in Colombia. It explores gold, copper and silver. The offering may reach up to 947.6-million reais ($182.54-million), considering the upper part of the range, but excluding potential overallotments.

Chilean state miner Codelco, the world's largest copper producer, on Wednesday reported the death of a third worker who had contracted the new coronavirus. The death will pile further pressure on the country`s economically key copper mining industry as unions seek greater protection for workers. It was reported by Codelco in an internal statement sent to Chuquicamata division workers and shared with Reuters by the Copper Workers Federation (FTC), which groups the state's miner's unions. The victim... Читать дальше...