Новости за 04.05.2022

"It’s not just tier one. This is a super tier one,” says Barrick Gold president and CEO Dr Mark Bristow of the proposed Reko Diq project, one of the largest undeveloped copper-gold porphyry deposits in the world. Bristow is scheduled to meet Pakistan’s new prime minister later this month to review progress on restarting the Reko Diq copper-gold project, the signing of the framework agreement for which was one of the highlights of Barrick’s first quarter (Q1).

High-voltage electrical data analytics business Voltvision has completed Phase 1 of a pioneering energy efficiency and operational enhancement project at Endeavour Mining’s Houndé mine, in Burkina Faso. The results of this initial phase have been so constructive that Voltvision has been commissioned to roll out the project to all of Endeavour’s mines and development projects across West Africa, the company says.

Moody’s Investors Service says the persistence of weaker mining production and volume constraints will exacerbate tight markets and further elevate prices of many metals after a number of large rated global diversified mining companies posted first-quarter production results showing weaker production and rising costs. However, a boom in 2021 has provided a cushion to many mining companies that will help soften current upheavals in the market. Higher prices that are likely to persist throughout this... Читать дальше...

Fortescue Metals Group hopes to make a final investment decision in 2023 on a green hydrogen project in Australia that would be its first to generate revenue, CEO Elizabeth Gaines said on Wednesday. The Gibson Island project in the northeastern state of Queensland is one of many tentative deals and studies unveiled by the world's fourth-largest producer of iron ore over the last 18 months as it strives to become a major green energy supplier.

The Gramalote gold project, in Antioquia, Colombia, continues to enjoy strong federal and local government support, as well as continuing support from local communities, Canada-based B2Gold said on Tuesday. The company owns Gramalote in a joint venture with AngloGold Ashanti, which last week was dealt a fresh blow at its Quebradona copper project, in Antioquia, after environmental regulator denied a request to appeal against the shelving of its permit application.

Glencore has the worst human rights record among miners of metals used in renewable energy, the Business & Human Rights Resource Centre said in a report. The alleged abuses attributed to all companies range from attacks on activists to violations of environmental laws to forced relocations. Complaints about Glencore’s mines accounted for 64 out of the 495 allegations tracked by the London-based group between 2010 and 2021.

Potash developer Highfield Resources has mandated a group of experienced European mining finance lenders for a €312.5-million senior secured project financing package to finance the construction of its Muga potash project, in Spain. "We are delighted to reach this new milestone towards the construction of Muga. BNP Paribas, ING, Natixis and Societe Generale have extensive experience in providing project financing to mining projects and signing this €312.5-million mandate letter is no doubt a testament... Читать дальше...

Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Thorny River property in South Africa has led to the discovery of the largest anomaly to date on the project, consistent with a kimberlite pipe of 25 m in diameter. A detailed drilling programme is planned for July to August, during the country’s dry season.

NYSE-listed Warrior Met Coal on Tuesday announced that it was relaunching development of its Blue Creek reserves into a new longwall mine, located in Alabama near its existing mines. Previously, the company delayed the development of the Blue Creek reserves, owing to uncertainty of Covid-19, as well as market conditions at a labour strike at the time.

Resources companies Rio Tinto and Australia Pacific LNG will join a host of other companies in Queensland partnering with the state government on regional science and innovation hubs. Under the government’s Partner Up Queensland Regional Science and Innovation Network, the hubs aim to provide people living in regional Queensland opportunities for skills development and establish local networks that will drive growth and development in the science sector and innovation economy throughout regional Queensland... Читать дальше...

Coal miner Stamore Coal has completed the acquisition of an 80% interest in BHP Mitsui Coal (BMC) from diversified giant BHP. Stanmore has paid a $1.1-billion cash consideration at completion plus a preliminary completion adjustment of approximately $200-million for working capital. A further $100-million cash remains payable to BHP in six months on November 3, with potential for an additional amount of up to $150-million in a price-linked earnout payable to BHP in the 2024 calendar year.

Livent on Tuesday posted a better-than-expected quarterly profit and bolstered its 2022 revenue forecast as it benefited from higher demand for lithium used in electric-vehicle batteries, sending its shares surging 14%. The Philadelphia-based company now expects annual revenue of $755-million to $835-million from its previous forecast of $540-million to $600-million. Lithium prices have hit record highs as demand for the EV battery metal has surged amid global efforts to decarbonize automobiles to tackle climate change.