Новости за 08.10.2020

Gold-backed exchange-traded funds (ETFs) and similar products recorded their tenth consecutive month of net inflows in September, reports the World Gold Council (WGC). Gold ETF holdings increased by 68.1 t or 2% of assets under management (AUM) despite gold’s worst monthly price performance since November 2016.

Major mining companies need to convince investors of the crucial need to replace the value that they are taking out of the ground, mining luminary Sir Mick Davis said on Thursday. “Every single day that they take something out of the ground, that value disappears forever, and unless you do something to replace that value, you are going to end up withering and dying,” he reminded on day-two of the Joburg Indaba, chaired by Bernard Swanepoel.

London-listed Chaarat Gold on Thursday moved to reassure investors that its projects in Kyrgyzstan remain unaffected by this week’s post-election protests that plunged the country into political chaos. While the gold mining company’s projects had not been materially impacted, Chaarat said it had nevertheless taken preliminary measures to ensure the safety of its personnel and operations.

Following a challenging month with the incident at the Sasa TSF4 in North Macedonia, Central Asia Metals Limited (CAML) CEO Nigel Robinson had some upbeat news for shareholders on Thursday – the company expects its zinc and lead production to meet its original guidance and its copper production will beat its original target. The Aim-listed mining company hiked its copper guidance from between 12 500 t and 13 500 t for 2020, to a range of 13 500 t and 14 000 t. In the third quarter, the Kounrad mine... Читать дальше...

Dual-listed Danakali has announced that Colluli Mining Share Company (CMSC) has appointed Aggreko as its preferred power supply contractor for a 12 MW heavy fuel oil (HFO) power plant at the Colluli sulphate of potash project in Eritrea. A 12.36 MW thermal HFO solution was chosen as the most effective option for Module 1. Aggreko will provide the funding for the power solution, which Danakali says provides certainty over the delivery of this preferred solution. Aggreko will also provide the full scope of support services for the supply... Читать дальше...

Indonesia's state miner Mining Industry Indonesia (MIND ID), formerly known as PT Inalum, completed its purchase of a 20% stake in nickel miner PT Vale Indonesia, the country's state- owned enterprises ministry said on Thursday. MIND ID bought the 20% stake at 2 780 rupiah per share, totaling to 5.52-trillion rupiah ($375.77-million), the Ministry said in a statement. Brazil's Vale Group controls 44.34% of PT Vale Indonesia , while Japan's Sumimoto Metal Mining holds 15.93% of shares, the Ministry said. Читать дальше...

About 350 workers at the Candelaria mine, in Chile, will down tools, after mediation with the Candelaria Mine Workers Union ended without an agreement, Canada-based Lundin Mining reported on Wednesday. The strike is starting on Thursday. The company said that it did not expect a material impact on Candelaria’s operations, including production or shipment of concentrate, as a result of labour action. The previous collective agreement with the union expired on September 30, 2020.

Mining concessions and illegal mining operations overlap more than a fifth of indigenous land in the Amazon, causing higher deforestation rates, said a report published on Wednesday. Some 1.5-million indigenous people live in the Amazon, where mining activities affect some 445 000 km2 of their lands, said a report from the World Resources Institute (WRI) and the Amazon Network of Georeferenced Socio-Environmental Information (RAISG). Data was not available for indigenous lands in French Guiana and Suriname, the report said. Читать дальше...

Canadian gold miner Yamana has increased its guidance for 2020 by 3%, hiked its dividend by 50% and has announced October 13 as its London listing date. The company, which is currently listed in Toronto and New York, increased its guidance from 890 000 gold-equivalent ounces (GEO) to 915 000 GEO, as production at most of its mines are tracking ahead of plan, and in some cases, well ahead of plan. In its preliminary third-quarter results, Yamana reported gold production of 201 772 oz and silver... Читать дальше...

Diamond miner Lucapa has restarted scaled operations at its Mothae kimberlite diamond mine, in Lesotho. The operation has been on care and maintenance since March this year, since lockdown and isolation measures were enforced by the South Africa government, to prevent the spread of Covid-19.

Coal miner TerraCom on Thursday told shareholders that it had achieved a 17% operating cost reduction at its Blair Athol mine, in Queensland, since transitioning to owner-operated at the end of July. “The transition to owner-operated occurred at the end of July 2020 and despite previous projections for a reduced coal sales production profile of two-million tonnes a year, the team has outperformed initial expectations,” said CEO Danny McCarthy.

Carbide recycling can create jobs for mine communities; Cabinless, emissionless vehicle foretelling underground’s autonomous future; and, Amplats focused on going back to basics, stretching existing assets optimally