Новости за 19.08.2020

LSE-listed Kenmare Resources’ results for the interim period ended June 30, were “stronger and more resilient” than what was expected, given the global Covid-19 pandemic and subsequent challenges. FD Tom McCluskey told Mining Weekly on August 19, that the titanium minerals and zircon producer achieved earnings before interest, taxes, depreciation and amortisation (Ebitda) of $37.2-million, which compares with $42.8-million for the first half of last year.

Mining Weekly Editor Martin Creamer unpacks the SADC’s potential to export hydrogen into a trillion dollar market, the final mining right for the Prieska copper/zinc resource, exploration in South Africa and its opportunities.

Diamond miner Alrosa has received regulatory approval to open up and develop reserves at the upper horizons of the International underground mine, near Mirny, the Russian company said on Wednesday. The ore from the upper horizons would be received as early as in the fourth quarter, with capacity gradually increasing in coming years, said Alrosa deputy CEO and COO Igor Sobolev. “This project has been included in all production and investment plans and it allows developing all commercial reserves of the deposit in a completely safe way. Читать дальше...

Uranium major Kazatomprom would continue flexing down production by 20% through 2022 to help the market recover from a “long period of oversupply”, CEO Galymzhan Primatov announced on Wednesday. “We are simply not seeing the market signals and fundamental support needed to ramp up mine development in 2021 and take our low-cost, tier-one production centres back to full capacity in 2022,” he said in a statement, outlining the group’s production plans. The full implementation of this decision would... Читать дальше...

Production at the Alunorte alumina refinery will be reduced to between 35% and 45% of its capacity, while aluminium producer Norsk Hydro completes maintenance work on a pipeline that transports bauxite to the refinery. Maintenance had to be brought forward after sections of the pipeline from the Paragominas bauxite mine deteriorated faster than expected. Hydro initially scheduled the replacement of two sections of the pipeline for the third and fourth quarter. Production at the Paragominas mine would been halted for two months.

Iron-ore’s stunning rally this year, underpinned by China’s demand for the steel-making raw material, risks slowing as miners ramp up output. The industrial material blasted past $120/t on Tuesday, propelled by China’s stimulus to prop up its pandemic-hit economy and supply disruptions that constrained output of the raw material. Miners, who have gained from the more than 30% jump in iron-ore prices this year, now see the rally as unsustainable. BHP Group expects prices to ease from current levels while volatility remains. Читать дальше...

ASX-listed Mineral Resources has reported record earnings for the full year ended June, driven by the sale of its 60% interest in the Wodgina lithium project during 2019, and increased production. Mineral Resources on Wednesday announced record statutory earnings before interest, tax, depreciation and amoritsation (Ebitda) of $2.01-billion, with underlying Ebitda increasing from A$433-million to A$765-million.

Copper/gold miner Oz Minerals has reported an 82% increase in net profits after tax for the half-year ended June, driven by higher gold volumes and the stronger gold price. Net profit after tax for the first half of 2020 reached A$79.8-million, up from the A$43.9-million reported in the previous corresponding period, while net revenue increased from A$419.2-million to A$575.7-million.

Sierra Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG Resources (BSGR). In an affidavit to the high court of Sierra Leone, seen by Reuters, the lawyer for the plaintiffs said there was a "clear and present risk" the defendants could expatriate funds in order to avoid having to pay out if the court rules against them.

Tiffany & Co wants to ease customers’ concerns about human rights abuses in the diamond industry by providing them with an unprecedented amount of detail about the precious stones it sells. Beginning in October, the 183-year-old luxury retailer will provide expanded origin details for newly sourced, individually registered diamonds that trace the stone’s path from the ground to the jewelry case. The project, which the company says is an industry first, took nearly two decades to complete due... Читать дальше...

Diversified major Rio Tinto has adjusted its copper production guidance for the 2020 financial year as delays to the restart of the Kennecott smelter, in Utah, were reported. The miner is now expecting to produce between 135 000 t and 175 000 t of refined copper in the 2020 financial year, down from the previous guidance of between 165 000 t and 205 000 t.