Новости за 01.02.2022

The nickel market is showing more signs of stress. Stockpiles held by the London Metal Exchange extended their decline on Tuesday, with the last increase coming in October. Buyers are paying a massive premium for immediately deliverable futures. The key cash three-month spread, which briefly eased on news of additional shipments from Tsingshan Holdings Group, notched new highs on Monday. Contracts for immediate delivery are trading at a $508-a-ton premium to those in three months, the highest such premium since a historic squeeze in 2007.

Billionaire Beny Steinmetz has thrown Vale's charge of fraud back in its face, claiming the Brazilian mining giant was well aware of allegations that the Guinean mining rights it agreed to buy had been secured illegally. Steinmetz and five other associates linked to his company BSGR have been accused by Vale of facilitating contracts to Guinea’s Simandou mine worth billions of dollars that were alleged to be obtained with bribes.

Despite South Africa’s significant coal resources, there are “binding constraints” impacting on the future growth of the coal industry – an issue Mineral Resources and Energy Minister Gwede Mantashe says is the coal mining industry’s issue to solve. Speaking at the Coal Colloquium, held at the Council for Geoscience in Pretoria on February 1, he rallied coal producers to band together in tackling constraints within the coal value chain; which, if left unattended, “will result in the stagnation and... Читать дальше...

London-listed Gem Diamonds says it achieved its four-year business transformation target of $100-million in incremental revenue, productivity improvements and cost savings by the end of 2021. All operational and financial metrics for the year were also within, or better than, guidance, the diamond miner notes in an update to shareholders.

Gold prices firmed above the key $1 800-level on Tuesday as investment demand strengthened, with a weak US dollar and Treasury yields offering further support. Spot gold rose 0.6% to $1 806.32 per ounce by 10:38 GMT. US gold futures climbed 0.6% to $1 807.40.

Infinity Logistics and Transport Ventures has agreed to buy Glencore's warehousing and logistics business Access World for $176.7-million, it said on Monday in a regulatory statement. Switzerland-based Access World handles about 20-million tonnes of commodity products a year, including oil and gas and industrial metals. The business, which sources say has been up for sale for some time, facilitates metals storage in warehouses approved by the London Metal Exchange and COMEX, and provides logistics services and non-exchange storage facilities.

The Indonesian government has lifted a ban on coal exports, ending uncertainty that sent the price of the fuel to this year’s highest level. The ban was lifted on improving supply for local power plants, according to a statement published by Energy and Mineral Resources Ministry on its website on Tuesday. Coal exporters that have met the domestic obligation requirement and have agreed to pay related fines can resume their shipments starting February 1, it said.

Vast Resources has pulled out of a deal to acquire Gem Diamonds Botswana (GDB) with joint venture (JV) partner Botswana Diamonds. GDB’s primary asset is the fully permitted Ghaghoo diamond mine in central Botswana, which is currently under care and maintenance.

TSX-V-listed Magna Mining has entered into a nonbinding memorandum of understanding (MoU) with global trading and investment group Mitsui & Co in what it hopes will be a long-term partnership to create a nickel mine in Sudbury, Canada. Mitsui will potentially acquire between 10% and 12.5% in Magna’s Shakespeare mine, in exchange for C$8-million to C$10-million, Magna said in an announcement on Monday. “We anticipate that coupling our operational and geological expertise with Mitsui’s balance... Читать дальше...

Gold producer AngloGold Ashanti expects to report headline earnings of between $572-million and $642-million for the year ended December 31, 2021 – a 40% year-on-year decrease. Headline earnings per share (HEPs) will likely be between $1.37 and $1.53.

Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by the reopening of key global consumer markets. The total value of Debswana's diamond exports stood at $3.466-billion in 2021 compared with $2.120-billion in 2020, the central bank data showed.

Nutrien, the world's biggest potash miner, could boost production by up to 29% in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company's interim CEO told Reuters. Prices of granular potash fertiliser are near ten-year highs in the United States and Brazil, helped by Western economic sanctions against Belarus. Russia, home of Uralkali and EuroChem potash mines, faces possible economic sanctions if it invades Ukraine. Uralkali and Belarus Potash... Читать дальше...

An external review of diversified miner Rio Tinto’s workplace culture has found incidents of bullying, sexual harassment, racism and other forms of discrimination throughout the company. The review, commissioned as part of Rio’s commitment to ensure sustained cultural change across its global operations, was carried out by former Australian Sex Discrimination Commissioner Elizabeth Broderick.

Triple-listed coal miner MC Mining will raise $5.6-million, or R86-million through a convertible advance and subscription agreement with South Africa-based Senosi Group Investment Holdings Proprietary. Under the agreement, Senosi will subscribe for an initial 38.3-million shares in MC Mining, priced at 11c, or R1.20 a share, to raise an initial R46-million, resulting in an initial 19.9% shareholding in MC Mining.

ASX-listed Galena Mining has completed the second drawdown of $35-million under an existing debt facility to fund production from the Abra base metals project, in Western Australia. Galena in 2010 secured a $110-million debt facility from Taurus Funds Management, and last year drew down an initial $30-milion in funding to start development of the Abra project.