Новости за 29.09.2020

Aim-listed BlueRock Diamonds reports that it had achieved a lot for the six months ended June 30 despite the pandemic, noting that it is now well positioned to expand its operations as planned and to operate profitably again from the second half of the year. The company undertook a rapid response to the Covid-19 pandemic, with positive outcomes achieved at its Kareevlei mine, in South Africa.

Dual-listed Diamcor Mining intends to complete a convertible loan financing of up to C$3.5-million. The financing will comprise unsecured convertible promissory notes with a term of two years from the closing date and bearing interest at the rate of 10% a year.

Diversified miner African Rainbow Minerals (ARM) has appointed CFO Tsundzukani Mhlanga as FD, following the resignation of outgoing FD Abigail Mukhuba who will step down from the board, effective September 30. ARM executive chairperson Dr Patrice Motsepe expresses his gratitude to Mukhuba for the “very good work” she did as FD of the company.

In addition to performance and extensive safety features, engineering company Sandvik says its mechanical cutting equipment also offer effective digital solutions to boost productivity, reduce operating costs and maximise equipment lifetime. One such mechanical cutting equipment solution is Cutronic, or the Sandvik MH621, which is an automated cutting system for increasing productivity and improving mechanical cutting accuracy.

Iron-ore futures rose on Tuesday after miner Vale said it was suspending operations at a concentration plant in Brazil, though trading was subdued as market activity winds down ahead of China's October 1-8 National Day holidays. The steelmaking ingredient's most-traded January 2021 contract on China's Dalian Commodity Exchange closed 1.4% higher at 780.50 yuan ($114.47) a tonne, rising for a second straight session. Iron-ore for October delivery on the Singapore Exchange climbed 1.1% to $115.75/t by 07:07 GMT... Читать дальше...

Heavy traffic, large equipment, poor visibility and blind spots create the potential for accidents in an industry that demands world-class operational performance and has the expectation of zero harm. Underground mining Internet of Things (IoT) service provider Newtrax believes its Collision Avoidance System (CAS) will be able to assist miners in improving their health and safety performance.

Finnish minerals and metals processing technology company Metso Outotec has signed a contract with Chinese group Zijin Mining for the delivery of key minerals processing equipment of the company’s Qulong copper mine project in Tibet, China. Metso Outotec’s scope of delivery covers a 58 MW grinding circuit equipped with horizontal and vertical grinding mills, process automation and various types of installation and commissioning services. The order value is about €25-million. The Qulong mine has... Читать дальше...

As mining firms around the world cut back supply, Glencore has announced even further production cuts at its Australian operations. These cuts, alongside nuclear outages caused by typhoon activity, have helped South Korean import coal prices remain firm. However, the imminent return of nuclear capacity may soon alter coal’s fortunes. Chinese domestic prices are also firm, with several Chinese ports seeking to ease their import restrictions in order to clear their existing coal stocks at the ports. Читать дальше...

Despite global uncertainty around the Covid-19 pandemic and the impacts of associated lockdowns, Aim-listed AfriTin Mining has steadily increased production from its Uis tin mine, in Namibia, resulting in a marked increase in revenue for the six months ended August 31. The company reported a revenue of £1.08-million for the six months under review, with the plant having achieved record production of 37.5 t of tin concentrate in August.

The Queensland government has granted a mining lease for the A$1-billion Olive Downs coal mine being developed by Pembroke Resources. The project is forecast to produce 15-million tonnes a year of saleable coal over a 79-year mine life, and would create over 1 000 jobs in the region.

Base metals developer Orion Minerals will raise A$350 000 through a share placement to a South African sophisticated and professional investor. The ASX- and JSE-listed company on Tuesday announced that it would issue 10.5-million shares, at a price of 3.3c each under its existing placement capacity.

Australia-based Jervois Mining on Tuesday announced that it would buy the São Miguel Paulista refinery, in Brazil, advancing plans to transform the company into a vertically integrated producer when its Idaho cobalt operation, in the US, starts production. The company, which trades on the ASX and TSX-V, would use the refinery to refine concentrate from its Idaho operation and return cobalt metal to the US. Jervois will acquire the São Miguel Paulista nickel and cobalt refinery from Companhia Brasileira de Aluminio ... Читать дальше...

Brazilian miner Vale said in a filing on Monday it is temporarily suspending operations at its Viga concentration plant in Minas Gerais state, which will result in 11 000 t/d fewer of iron-ore fine production. Iron ore fines are high-quality fine ore powders. This follows a court ruling which Vale said it will appeal. The world's second largest producer of the key steelmaking ingredient has been under scrutiny from authorities after two deadly dam breaks in 2015 and 2019, and is the subject of... Читать дальше...