Новости за 15.10.2020

Supervisers at Chile's Escondida mine said they were evaluating a new labour contract proposal from mine operator BHP amid negotiations to head off a strike at the world's largest copper deposit, the union told Reuters. The union of supervisors at the sprawling Escondida mine last week rejected BHP's final offer in contract negotiations, but both parties agreed to extend talks this week. The union told Reuters talks would continue through October 16.

India's Coal Minister Pralhad Joshi said on Wednesday the units of Coal India Ltd should be allowed to independently set fuel prices in a bid to increase competition and reduce the price of coal in the country. State-run Coal India, the world's largest coal mining company by output, has seven units and accounts for more than four fifths of domestic production. It sets the price of various grades of coal in India after consultation with stakeholders. "We agree that coal subsidiaries should discover... Читать дальше...

Canada-based gold miner Barrick Gold on Thursday reported preliminary third-quarter gold production of 1.16-million ounces of gold and 103-million pounds of copper – a respective 11% and 8% decrease on its output a year earlier. During the third-quarter, there was no production at the Porgera mine, in Papua New Guinea, after the operation was placed on care and maintenance in late April, amid a dispute over its mining lease. Barrick and Papua New Guinea have since agreed that the gold major's joint... Читать дальше...

Titanium and zircon miner Kenmare Resources’ heavy mineral concentrate (HMC) production decreased by 15% year-on-year to 258 000 t for the third quarter ended September 30. Kenmare operates the Moma titanium minerals mine in northern Mozambique.

Mining Weekly Editor Martin Creamer discusses a call for mining companies to convince investors to replace the value being taken out of the ground, the new venture capital incubation fund that is targeting small-scale mining and Southern Africa’s buy-in into the green hydrogen economy concept.

The National Treasury has agreed to postpone the proposed amendments to the 2020 Draft Taxation Laws Amendment Bill (TLAB) and the 2020 Draft Tax Administration Laws Amendment Bill (TALAB), to allow for more investigation and detailed consultation with the mining industry and related stakeholders before any changes to the legislation are made, law firm ENSafrica reports. The firm notes that this comes after extensive consultation with the Treasury, in which the firm actively participated together... Читать дальше...

Coal miner Whitehaven Coal has reported a 13% increase in coal sales for the September quarter, compared with the previous corresponding period. The miner on Thursday reported that total managed coal sales for the September quarter reached 6-million tonnes a year, while managed coal sales was up 15% on the previous corresponding period, to 5.6-million tonnes, and total equity coal sales reached a record 5-million tonnes. “Notwithstanding Covid-19 headwinds, the September quarter saw strong sales... Читать дальше...

Diversified explorer Jadar Resources has secured a finance facility of up to A$10-million to develop a restart programme at the Texas silver mine, in Queensland. Under a binding term sheet with US-based Mint Capital Advisors, Jadar could elect to draw down funds in consideration for the issue of shares to Mint at an issue price equal to 90% of the 15-day volume weighted average share price of Jadar shares.

Diamond miner Lucapa Diamond Company has reported a 280% increase in the indicated resource at its Mothae kimberlite diamond mine, in Lesotho. The project is now estimated to host a Joint Ore Reserves Committee- (Jorc-) compliant indicated resource of some 9.2-million tonnes, containing around 280 000 ct of diamonds at a diamond grade of 3.10 carats per hundred tonnes (cpht).

Mining majors must convince investors of need to replace value; Exploration strategy in three months, hydrogen under scrutiny; and, Flow-through must form part of overall exploration strategy