Новости за 29.10.2020

TSX-listed First Quantum Minerals reported comparative earnings of $64-million, net earnings attributable to shareholders of $29-million and cash flows from operating activities of $452-million for the three months ended September 30. “The third quarter was strong from an operational and financial perspective,” noted CEO and chairperson Philip Pascall.

The Minerals Council South Africa has provided updated tuberculosis (TB) data, following the publication of an article by Reuters titled ‘Africa’s miners face new TB threat as pandemic disrupts treatment’, published on October 26. The council said in a statement on October 29 that it wanted to provide updated data in response to the outdated data in the article.

Department of Trade, Industry and Competition (DTIC) director-general Lionel October emphasised, during a recent meeting of the Portfolio Committee on Trade and Industry, the department’s support for the implementation of a set of interventions to promote chrome beneficiation.   It emerged during the briefing that South Africa’s share of the global ferrochrome market had declined to 27% from 39% in 2009, mainly as a result of the loss of exports of chrome ore and production of ferrochrome in China, as well as increasing domestic energy costs.

Oil drilling in the Arctic and the Pebble gold mine in Alaska aren’t actually on the ballot -- but they might as well be. The controversial projects are hanging in the balance of the presidential election, with Joe Biden’s vow to scuttle them. And dozens of other oil, gas and mining ventures planned across the US face heightened risk of rejection or longer permitting times as the Democratic nominee focuses on promoting cleaner alternatives.

Low-carbon aluminium producer En+ Group has urged the European Union (EU) to adopt a more effective climate change strategy that will better support the decarbonisation of the entire aluminium value chain and boost the competitiveness of lower-carbon manufacturers across the region. In its response to consultations by the EU Commission, the group’s metals segment, represented by aluminium company Rusal, warned that applying a one-size-fits-all Carbon Border Adjustment Mechanism (CBAM), as currently envisaged to aluminium... Читать дальше...

Private equity group Tembo Capital has extended the term of the repayment date of the $3.6-million loan facility set aside to advance metals explorer Orion Minerals’ Prieska copper/zinc project, in the Northern Cape, to June 30, 2021. The loan facility was originally due for repayment by October 31.

KAZ Minerals looks set to end its 15-year London listing after the Kazakh copper miner’s biggest shareholder offered to take it private. The reason: irreconcilable differences with the market. It’s not the first to reach that conclusion.

Institutional investors worth $10.2-trillion have written to the boards of global mining companies to better understand their engagement with First Nations people, in the wake of Rio Tinto's destruction of Juukan Gorge rockshelters. The group of 64 investors and their representatives, including the Church of England Pensions Board and the Australian Council of Superannuation Investors (ACSI), issued a statement on Thursday.

TSX- and NYSE-listed Alamos Gold reported a solid financial and operational performance for the third quarter ended September 30, marked by lower costs from its two mines in Canada and one mine in Mexico. The company generated record free cash flow of $76-million in the quarter, resulting in a 33% increase in the company’s divided to $0.08 apiece.

North American precious metal royalty company Osisko Gold Royalties says it is progressing the spin-out transaction and formation of Osisko Development Corporation with Barolo Ventures. Osisko earlier this month announced the creation of a new North American gold development company to advance the Cariboo project, in British Columbia, as well as other Canadian and Mexican properties.

NYSE- and TSX-listed Newmont Corporation has declared a quarterly dividend of $0.40 a share for the third quarter. The dividend, payable on December 28, represents a 60% increase compared with the prior quarterly dividend of $0.25 a share.

Dual listed lithium miner Orocobre has reported a fall in production for the three months to September, compared with the previous corresponding period, as Covid-19 restrictions took their toll. Lithium production during the three months under review reached 2 352 t, down from the 2 511 t produced in the previous corresponding period, while sales volumes for the quarter was up by 112% quarter on quarter to 3 393 t.

Metals miner Independence Group has reported increased nickel, copper and gold production for the first quarter ended September from its Nova and Tropicana operations. Nickel production from the Nova mine, in Western Australia, increased by 1% on the fourth quarter of 2020, to 7 276 t, while copper production from Nova was up by 2%, to 3 278 t.

This week: Gold Fields 40 MW solar power application making good progress Platinum well positioned in hydrogen economy’s sweet spots And, Experience from other health crises shaped mining industry’s rapid pandemic response

Overall global gold demand decreased by 19% year-on-year to 892 t in the third quarter, owing largely to consumers still feeling the impact of the Covid-19 pandemic, says the World Gold Council (WGC) in its latest 'Gold Demand Trends' report. Published on October 29, the report indicates that this is the lowest quarterly total since the third quarter of 2009. The year-to-date demand of 2 972 t was 10% lower versus the same period in 2019.