Новости за 23.09.2020

TSX-V- and AltX-listed Buffalo Coal's 70%-owned subsidiary, Zinoju Coal, has been granted a 30-year mining right to mine coal primarily from the Aviemore North Adit reserves, in Dundee, in South Africa's KwaZulu-Natal province. Zinoju holds a 100% interest in the Aviemore anthracite mine.

The World Jewellery Confederation (Cibjo) has welcomed the new publication by nongovernmental body International Standards Organisation (ISO) of the internationally recognised diamond grading standard and says it is a historic moment for the global diamond industry. The confederation explains that the standard is the first-ever that has been approved by the body that specifies the terminology, classification and the methods to be used for the grading and description of single unmounted polished diamonds.

Platinum exchange-traded funds (ETFs) saw significant inflows in the second quarter, with holdings having increased by 122 000 oz. This compares to outflows of 213 000 oz during the first quarter, which mostly occurred in March when some investors sold platinum to raise cash amid a global equity collapse.

Aim-listed gold, copper and silver producer Anglo Asian Mining has declared an interim dividend of $0.04 apiece for the six months ended June 30, which is 29% higher year-on-year. The company says it will consider a special dividend in the first quarter of 2021 the back of ongoing strong cash generation.

Gold could hit a record before the year-end, aided in part by the risks surrounding the US Presidential election, according to Citigroup. Uncertainty over the contest and delays about the outcome may “be under-appreciated by precious metals markets", analysts including Aakash Doshi said in a quarterly commodities outlook. The bank’s forecast implies a surge of more than $200 for bullion futures from current levels. Gold rallied to an all-time high last month as investors sought havens amid the coronavirus pandemic... Читать дальше...

President Xi Jinping’s surprise announcement that China plans to go carbon-neutral by 2060 has left many questions, none more important than: “How?” China is the world’s largest energy user and greenhouse gas emitter, mines and burns half the world’s coal, and is the top importer of oil and natural gas. Transitioning that economic behemoth to carbon-neutrality within a few decades could cost $5.5-trillion, Sanford C. Bernstein & Co estimates, and require the deployment of technologies that are barely in use today. Читать дальше...

Glencore's head of Africa copper on Tuesday said its Democratic Republic of Congo subsidiary Kamoto Copper Company (KCC) is ramping up to full production and should produce 270 000 t of copper as cathode in 2020. KCC is also expected to produce 25 000 t of cobalt hydroxide, Glencore's Mark Davis said.

Mining royalty company Altus Strategies’ ordinary shares on the over-the-counter trading (OTCQX) Best Market in the US started on September 23. Altus CE Steven Poulton says trading on the OTCQX will “provide the opportunity for more investors to participate in [the company’s] continued strong progress”.

Precious metals will form an increasingly important part of copper miner Hudbay’s overall production and revenue profile, as the Toronto-based company advances plans to transform Lalor, in Manitoba, into a gold mine. “We have a burgeoning precious metals production profile that is driven by our Snow Lake gold camp, which, in turn, is anchored by our Lalor mine,” CEO Peter Kukielski said on Tuesday.

he Lake Wells sulphate of potash (SOP) project, in Western Australia, has been positioned as the lowest carbon dioxide emitting potash project development in Australia, following the completion of a front-end engineering and design (FEED) study for the engineering, procurement and construction (EPC) of a renewable power solution. ASX-listed Australian Potash said on Wednesday that the base case study sowed a renewable power penetration rate of 53%, with the potential to raise to 87%, with carbon... Читать дальше...

Diversified major Glencore has announced plans to extend the life of its copper smelter in Mount Isa and its refinery in Townsville beyond 2022, after reaching a deal with the state government. As part of the Queensland government’s North Queensland Recovery Plan, Glencore will receive a one-off incentive, with the miner on Wednesday announcing that it would invest more than A$500-million for the continued operation of the copper smelter and refinery.