Новости за 19.10.2020

TSX-listed Deep-South Resources has closed a second tranche of the nonbrokered private placement for $1.04-million. The two tranches of the private placement have totalled $2.41-million.

Diversified miner South32 has pushed out the completion of a prefeasibility study (PFS) for the Taylor deposit at the Hermosa base metals project, in Arizona, to the June 2021 half-year. The miner initially aimed to have a PFS for Taylor completed in the September quarter of this year. South32 said study work to date supported a potential unconstrained development of Taylor, including its integration with the Clark deposit, for which a scoping study was under way.

LSE- and Nasdaq-listed Afarak Group has reported that its group production for the third quarter of the year at 40 766 t was 60.1% lower than the 102 219 t produced in the third quarter of 2019. This was owing to reduced mining activity in South Africa, the protection of staff amid Covid-19, low market prices and poor demand, as well as lower volumes from the company’s Turkish mines. Particularly, slow demand for low-carbon ferrochrome resulted in lower production at the company’s EWW plant, in Germany... Читать дальше...

Cobalt miner Jervois Mining has appointed Greg Young as executive GM of sales. Young is one of the world’s foremost traders of nickel and cobalt products, with extensive knowledge of the commodities, their materials flow, market indices and pricing strategies, the company says.

Aim-listed BlueRock Diamonds has sold 2 900 ct of diamonds recovered from its Kareevlei mine, in the Kimberley region of South Africa, at an average price of $300/ct for an aggregate consideration of $870 165.  “This is the third successful private sale conducted through an agent in South Africa at a price we consider competitive in the current market, demonstrating the consistent strong demand for our high-quality diamonds from long-standing customers.

Mediation with the Candelaria AOS Union has failed and the 550 workers who are affiliated with the union at the Candelaria mine, in Chile, will down tools on Tuesday. This is the second union that is downing tools, with the Candelaria Mine Workers Union continuing with its labour action, which started on October 8. As a result, Toronto-listed Lundin Mining announced on Sunday that it would temporary suspend operations at Candelaria and it withdrew the 2020 production, cash cost and capital cost guidance for the operation.

The Minerals Council of Australia (MCA) has refuted claims by Western Australia senator Pat Dodson, who accused diversified miner Rio Tinto of ‘incremental genocide’ during a Parliamentary Inquiry into the destruction of the Juukan Gorge caves. Speaking at the Inquiry, Dodson was quoted by the ABC as saying that; “the lack of free prior and informed consent, the forcing of people into contracting out their rights, the management of culture that ties traditional owners and takes advantage of weak laws … this is a form of incremental genocide.

The Chinese ban on Australian imports has wrought confusion amongst traders, with many finding innovative ways to get their cargoes sold. Diplomatic relations between the countries soured ever since Australia’s ban on Huawei and blaming China for Covid-19. However, as coal supplies tighten ahead of Winter, China has apparently issued its northeastern Jilin province with import quotas for 5Mmt. One imagines there may be more of these “exceptions” to come, although as domestic mines in Inner Mongolia and Shanxi... Читать дальше...

Uranium miner Cameco is taking advantage of the favourable debt capital markets to reset its maturity profile of long-term debt, announcing a private placement of senior unsecured debentures consisting of $400-million of 2.95% senior unsecured debentures, Series H maturing on October 21, 2027. Cameco would use the net proceeds to redeem, upon closing of the offering on October 21, all its outstanding 3.75% senior unsecured debentures, Series E due November 14, 2022.

Diversified miner South32 has reported an increase in coal and manganese production in the first quarter ended September, with the miner maintaining its production guidance for all of its operations for the full 2021. Energy coal production for the first quarter increased by 20% on the fourth quarter, to 6.7-million tonnes, while metallurgical coal production was up 22% on the previous quarter, to 1.8-million tonnes. Production during the first quarter was driven by a ramp-up of mining at the South African Energy Coal operations... Читать дальше...