Новости за 31.01.2022

Progress in the development of Aim-listed gold mining company Hummingbird Resources’ assets in Guinea and Liberia was “overshadowed” by the underperformance of its flagship Yanfolila gold mine, in Mali, the company said in its 2021 fourth quarter operational update issued on January 31. The Yanfolila operations have underperformed since September 2021, which Hummingbird blamed on the mining contractor's excavator fleet not meeting the contracted mining rates.

JSE-listed coal miner Wescoal Holdings has proposed changing its name to Salungano Group as it plans to diversify. In a statement issued to shareholders on January 31, Wescoal’s board of directors said the new name was chosen to better reflect the company’s diversification strategy, through which it aims to invest in multiple industries and diverse sectors of the economy, underpinned by a strong focus on environmental, social and governance.

The Industrial Development Corporation (IDC) of South Africa has extended MC Mining’s date for repayment of a R160-million loan and accrued interest to November 30, after it fell due for payment on January 31. Additionally, the terminal drawdown date for an additional R245-million has also been extended to the same date, should MC Mining decide to proceed with a due diligence for the loan.

European gas concerns continue to dominate, as traders realise Europe does not have enough port capacity for US LNG to replace Russian pipeline flows. What's more, around 30% of Europe's regasification capacity is in Portugal and Spain, with limited interconnections to European markets.

From explosives experts to truck drivers, labour shortages are becoming an increasing challenge for mine operators across Western Australia after the state abandoned plans to end Covid-related border controls. The state’s resources industry, which is a crucial source of revenue for Australia, relies on flying in workers to remote sites. Many of the workers come from other states and it has become increasingly difficult for them to travel given border restrictions enforcing quarantine on arrival in Western Australia... Читать дальше...

Canadian gold mining company Iamgold on Sunday announced that Don Charter had retired from the board as chairperson, stating that the move was consistent with longstanding plans and in line with the group’s board renewal programme. Kevin O’Kane had been elected interim chairperson of the board. Charter’s retirement comes only weeks after Gordhan Stothard resigned as CEO and from the company’s board of directors. CFO Daniella Dimitrov is currently acting CEO, while a search for a permanent CEO is ongoing.

Diversified major BHP’s unification has become effective, and amendments to the company’s constitution were approved by shareholders. The UK Court last week sanctioned the BHP Group Plc scheme of arrangement to effect the unification of BHP’s corporate structure.

Metals miner IGO has reported a strong financial quarter and first half of 2022, with the company continuing to advance its acquisition of fellow listed Western Areas. Nickel production from the Nova operation reached 6 987 t during the second quarter ended December, up slightly from the 6 889 t delivered in the first quarter, while copper production declined from 3 023 t to 2 884 t in the same period.