Новости за 18.08.2020

Aim-listed exploration and development company Power Metal Resources has elected to earn in to a 40% direct interest in the Molopo Farms Complex (MFC) project, in Botswana, by expending $500 000 on exploration expenditure, notably target drilling, this year. On completion of the earn-in, Power Metal will have an effective economic interest of 50.9% in the MFC project.

TSX-listed Ivanhoe Mines has entered into a strategic partnership agreement with the China Nonferrous Metal Mining (CNMC) group to jointly examine exploration, development and the acquisition of mineral projects, as well as considering production, smelting and logistics opportunities in Africa. Headquartered in Beijing, China, CNMC’s diverse project portfolio includes the Lualaba copper smelter, in the Democratic Republic of Congo (DRC), which began commercial operations earlier this year.

Aim-listed Kefi Minerals has changed its name to Kefi Gold and Copper with immediate effect. As previously announced this month, a special resolution for the company's name to be changed was passed by shareholders at its annual general meeting.

Gold climbed back above $2 000 an ounce as renewed tensions between the U.S. and China boosted demand for haven assets, and the dollar weakened. The Trump administration announced further curbs on Huawei Technologies aimed at cutting its access to commercially available chips. The move is the latest tit-for-tat in escalating tensions between Washington and Beijing over everything from the pandemic to China’s tight grip over Hong Kong. Equities drifted, while a dollar gauge slid to the lowest since 2018. Читать дальше...

BHP Group will broaden plans to exit coal operations and review opportunities to shed aging oil and gas assets under new CEO Mike Henry’s more urgent push to reshape the world’s top miner’s portfolio for a low-emissions future. The producer aims to sell, or spinoff, its 80% share in the BHP Mitsui Coal joint venture, which owns two coking coal operations in Australia, along with exiting thermal coal mines and some oil and gas operations, the company said Tuesday when reporting annual profits held steady at $9.1-billion... Читать дальше...

Vedanta will have to keep its plans to resume operations at its copper smelter in India on hold for longer after a local court rejected an appeal to restart the plant. The Madras High Court on Tuesday refused permission to restart the plant in southern India’s Tamil Nadu state. The court also said it hasn’t yet decided on a petition to the demolish plant. Vedanta can now appeal to the nation’s top court. Billionaire Anil Agarwal’s commodities producer stopped operations at the smelter for maintenance... Читать дальше...

London-listed KAZ Minerals has maintained its production guidance for the year after an “excellent” first-half performance, despite supply chain and staffing challenges caused by the global Covid-19 pandemic. Copper production increased by 4% to 154 000 t in the first six months of the year and gold production increased by 25% to 110 000 oz, representing good progress towards the 2020 guidance of 280 000 to to 300 000 t and 180 000 oz to 200 000 oz, respectively.

Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says mining production and investment across most minerals, except for thermal coal, are likely to finish the year stronger than in the first half of the year as a result of firms being unencumbered by restrictive lockdowns. As economies enter the second half of the year, Fitch Solutions expects both output and investment to fare relatively better than in the first half of the year.

The Jansen Stage 1 potash project, in Canada, will be presented to the BHP board for a final investment decision by the middle of next year, diversified major BHP CEO Mike Henry said on Tuesday. The company previously planned to present the project, east of Saskatoon, Saskatchewan, to its board in February 2021, but delays relating to the completion of shafts have pushed out this date by a few months. The delays are a result of initial challenges with placement of the shaft lining, which have since been rectified, BHP explained. Читать дальше...

Commodity price volatility brought about by the onset of the Covid-19 pandemic has seen mining major BHP’s profits fall of the full year ended June, however, the miner remained upbeat about future outlook. “BHP delivered a strong set of results for the 2020 financial year that reflect the strength, resilience and quality of our people and portfolio. In a year marked by the challenges of the global Covid-19 pandemic, social unrest in Chile and commodity price volatility, we were safer, more reliable... Читать дальше...