Новости за 28.09.2020

Zambian Mines and Minerals Development Minister Richard Musukwa this weekend officially inaugurated Maamba Collieries’ (MCL's) most recent acquisition, a state-of-the-art, high technology surface miner, the company said on Saturday.  MCL thus became the first mining firm in Zambia to operate this state-of-the-art surface miner, which could be used to mine in layers by using a milling drum without the need to drill and blast, MLC said in a statement.

One of China’s top climate research institutes says the country will phase out coal power around 2050 on its path toward meeting President Xi Jinping’s new climate targets. Carbon emissions will peak sometime between 2025 and 2030, and total energy demand will start to decline around 2035, according to a new report from Tsinghua University’s Institute of Energy, Environment and Economy, which works closely with the Ministry of Ecology and Environment on projecting long term goals. The report, presented in a webinar on Sunday... Читать дальше...

London-listed Anglo Asian said on Monday that it was monitoring the situation in Azerbaijan, where a decades-long standoff over the Nagorno-Karabakh region has escalated with fierce fighting reported between Armenian and Azerbaijani forces. The gold, copper and silver producer said its office in Baku and operations at Gedabek continued to function as normal. Anglo Asian also noted that hostilities in the Nagorno-Karabakh region had never affected the mountainous Armenian border area near the company's mining and processing operations.

Mining entrepreneur Robert Friedland said on Monday that dual-listed Clean TeQ would be patient with the development of the Sunrise battery material project, in New South Wales, and that it would seek to develop the project with partners that understood the value of a responsible supply chain. Commenting on the completion of a project execution plan (PEP) for Sunrise, Friedland said automotive supply chains were coming to realise that they were playing a game of nickel and cobalt musical chairs. Читать дальше...

TSX-V- and ASX-listed Lion One Metals has published an updated preliminary economic assessment (PEA) for the Tuvatu gold project, on the island of Viti Levu, in Fiji. The updated PEA states that project’s gold production capacity can be at an average rate of 78 000 oz/y, at 8.6 g/t gold over a five-year mine life for a total 331 300 oz.

Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and that provision was kept unchanged in the government's annual budget unveiled on Friday.

Canadian miner First Majestic Silver said on Friday it was considering its legal plan of action going forward in an ongoing tax dispute with Mexico. The dispute with the Mexican tax authority relates to a 2012 advance pricing agreement (APA) that was granted to a subsidiary of the company, Primero Empresa Minera (PEM).

NYSE-listed iron-ore and steel producer Cleveland-Cliffs on Monday announced a $1.4-billion deal with fellow-listed steel producer ArcelorMittal to acquire all its US operations and subsidiaries. Should the transaction close as planned during the last quarter of the year, it would make Cleveland-Cliffs the largest flat-rolled steel producer in North America, with shipments of about 17-million tons a year.

TSX- and NYSE-listed Pretivm has announced that its finance VP Matthew Quinlan will take over as CFO, succeeding Tom Yip, who is stepping down from this role effective September 30. Yip will remain an executive VP of the company until October 30.

Canadian diversified miner Lundin Mining has withdrawn its 2020 guidance for the Chapada copper/gold mine, in Brazil, following a power outage that caused “significant” damage to the operation’s four SAG and ball mill motors. The operation suffered an outage on Saturday morning and when power was restored, the protection system at the main electrical substation failed, resulting in damage to the motors, the company said in a statement on Sunday. Early indications were that the motors would need... Читать дальше...

Operations at the Neves-Corvo mine, in Portugal, have been suspended, following the death of a longtime employee at the mine on Friday. The accident occurred in an active production heading that was undergoing scaling activities, diversified miner Lundin Mining reported on Monday. The Canada-based mining firm said that it was investigating the accident and also retaining a third-party to conduct an independent investigation.

Australia has pared its forecasts for mining and energy export revenue this year, as liquefied natural gas (LNG) and metallurgical coal earnings are forecast to be slightly weaker than earlier expected. Total earnings from mining and energy exports are forecast to fall 12% in the year to June 2021 to A$256-billion from a record high of A$290-billion a year earlier, the Department of Industry said in its latest quarterly report. "In 2020/21, relatively weak resource and energy commodity prices --... Читать дальше...

New Zealand Prime Minister Jacinda Ardern said on Monday that she will negotiate to extend the operations of Rio Tinto's aluminum smelter in the country by 3-5 years if she is returned to power in the October 17 election. New Zealand Aluminum Smelter's (NZAS) planned closure is a hot election topic as it puts thousands of jobs at risk, and would hit the bottom line of top power producers, at a time when the country is reeling from the economic impact of coronavirus. The world's biggest iron ore... Читать дальше...