Новости за 02.11.2020

Base metals project developer Atlantic Nickel has made a new discovery at the south-western extension of the Palestina project, which is located 26 km from its Santa Rita mine, in Brazil. Drilling has confirmed the discovery of a new zone at the Palestina intrusive nickel/copper/platinum group metals complex, with intercepts showing about ten times more gold, platinum and palladium content than encountered at Santa Rita. Intervals of up to 42 m length down hole have been encountered and the mineralised... Читать дальше...

Underground development at Ivanhoe Mines' Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC), totalled 2 172 m in October. "This marks another new monthly record and brings total underground development to more than 24.7 km – about 7.9 km ahead of schedule.

India's Vedanta and Hindalco Industries were among the first private companies chosen to operate coal mines in the country without end-use restrictions, the government said on Monday. The world's second largest consumer of coal, India allocated 38 coal mines for auction to the private sector, offering financial incentives to attract investment and reduce imports. The auctions are conducted in two stages, the first of which is the submission of a technical bid, evaluated by the coal ministry. The... Читать дальше...

Canada's Plateau Energy Metals has raised nearly $600-million to develop Peru's sole lithium project and expects to start mining in 2023, a year later than planned, as the country lags its neighbours in developing the battery mineral, a company official said. Argentina, Bolivia and Chile are referred to as the lithium triangle and provide more than half the world's supplies. Peru is keen to catch up, but has been one of the countries in the region hardest hit by Covid-19, which has delayed its only planned lithium project by about a year... Читать дальше...

The upcoming yearly mining forum Africa Downunder (ADU) will connect African and Australian explorers, miners and investors during its virtual hosting from November 4 to 6. The event will be held at the Pan Pacific Hotel in Perth, Australia, as well as be broadcast live.

Resource development company Savannah Resources has completed the sale of its stakes in the Block 4 and Block 5 copper projects in Oman to Australia-listed mine development company Force Commodities. The structure of the transaction enables Savannah to maintain an interest in the projects' long-term economic success, and allows the company to wholly focus its resources on development of the Mina do Barroso lithium project, in Portugal, and the Mutamba mineral sands project, in Mozambique. "The... Читать дальше...

Mining supply sales consultancy AmaranthCX has launched its most comprehensive coal minerals map yet, timed to coincide with this week’s junior mining event, the Junior Indaba, which will take place on November 3 and 4. AmaranthCX director and owner Paul Miller says the information presented in the map is revealing, containing information that some in the industry and government may “prefer you did not know and could not see”.

Spot paper coal prices hardly moved on the week, although the physical discount increased across most export grades. The bearish sentiment is hard to shake now, and the forward curves also reflect this, having flattened, and significantly moderated in their price outlook vs. 3 months ago. Several researchers are predicting huge increases in South East Asian coal demand forward to 2025, although we remain a bit more circumspect.

Uranium miner Cameco CEO Tim Gitzel has slammed Canada Revenue Agency’s (CRA’s) decision to seek leave from the Supreme Court to appeal a lower court ruling in the tax dispute between the parties, arguing that the agency’s actions “cast a chill” over Canadian companies trying to compete on the world stage. “If CRA feels the laws aren’t accomplishing what they want, then the government should change the laws moving forward and not pursue the same arguments over and over again before a different court... Читать дальше...

Major BHP has committed its copper operations in Chile and Australia to the Copper Mark voluntary programme, designed to hold the copper industry accountable to responsible practices in critical areas including environment, community, human rights and governance issues. The Copper Mark is a credible assurance framework to demonstrate the copper industry’s responsible production practices and contribution to the United Nations (UN) Sustainable Development Goals.