Новости за 13.06.2022

AQSE-listed mining investing company All Star Minerals has announced the successful completion of its due diligence over the Blesberg lithium and tantalum project in South Africa and the Nkombwa Hill tantalum, rare earth elements and phosphate project in Zambia. This followed All Star’s announcement on April 21 that it had entered into a heads of agreement (HoA) with mining investment firm Gathoni Muchai Investments.

US-focused Uranium Energy Corp (UEC) on Monday announced the acquisition of UEX, providing the company entry into two of Canada’s most prospective uranium districts in Saskatchewan and Nunavut. Under the terms of the agreement, each holder of UEX shares would receive 0.0831 of one UEC share, implying a consideration of about C$0.43 a share and a premium of about 50% based on the closing price of UEX’s shares on the TSX on Friday. President and CEO Amir Adnani said the transaction had the same characteristics... Читать дальше...

In a pre-close statement on June 13, JSE- and LSE-listed coal miner Thungela CFO Deon Smith said a high average benchmark coal price contributed to strong earnings and cash generation for the miner in the six months to June 30. The benchmark coal price averaged $266/t for the year to date, compared with $98/t in the first half of 2021.

Dual-listed AEX Gold is setting up a joint venture (JV) focusing on strategic minerals in Greenland, a region which CEO Eldur Olafsson says is “one of the few remaining under-explored frontiers” for minerals vital for the global energy transition. He notes that the western world is in short supply of strategic minerals, such as copper, zinc, nickel, rare earths and graphite, with recent geopolitical events putting security of supply in sharp focus.

Aim- and FSE-listed Bluejay Mining on Monday announced that it planned to demerge and separately list Disko Exploration, which holds several Greenland assets, including a project that is in a joint venture (JV) with a company backed by billionaires Jeff Bezos and Bill Gates. The proposed demerger would provide greater development and funding flexibility for both Disko and Bluejay, which would hold on to the Dundas mineral sands project, in Greenland, as well as its Finnish assets.

LSE-listed Gem Diamonds has announced the recovery of an exceptional quality 245 ct white Type II diamond from the Letšeng mine, in Lesotho, on June 11. Type II diamonds have no measurable nitrogen impurities and are considerably rare.

JSE- and NYSE-listed Sibanye-Stillwater will restart its South African gold operations in a phased manner over the next two to three months, in order to ensure the safety of the operations and employees. This follows after it and unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) at the weekend finally signed a three-year wage agreement, ending a three-month strike at the gold operations.

Lithium-ion battery recycling alone will be unable to meet global demand for battery raw materials, researcher Wood Mackenzie (Woodmac) said. The electrification of the transportation sector has caused a boom in demand for lithium-ion batteries, and global cumulative lithium-ion battery capacity could rise over five-fold to 5 500 GWh between 2021 and 2030.

Multi-commodity project generator Transition Metals is hoping to find business arrangements for ten of its projects at the Prospectors and Developers of Canada (PDAC) conference in Toronto, which starts on Monday. The projects on offer boast gold, nickel, copper, platinum group metals, copper and uranium resources and are located across Canada.

The disparity in costs faced by different copper mining companies in Chile will be taken into account in an industry-wide royalty planned by the government to help finance its ambitious social agenda, the undersecretary of Mining said on Friday. A study by the national Chilean Copper Commission (Cochilco) revealed that the cash costs for Chile's largest operators rose by 10c/lb in year-on-year terms in 2021, due to the lower quality of the ore as well as higher energy and transportation prices. The document also states that smaller operators... Читать дальше...

Canada will announce a multi-million dollar investment on Monday to make the Jansen potash mine run by the globe's largest listed miner, BHP, "the cleanest and most sustainable in the world," a government source said on Sunday. Industry Minister François-Philippe Champagne and Agriculture Minister Marie-Claude Bibeau are scheduled to make an announcement on "moving toward the net-zero emission economy" in Saskatoon, Saskatchewan, on Monday at 10:00 a.m. central time.

After a yearslong deadlock, Ecuador and Chile have resumed negotiations over a partnership to develop a major copper deposit just as demand for the wiring metal is set to surge in a nascent clean-energy transition. Chile’s state copper producer Codelco agreed to a request by its Ecuadorian counterpart Enami to suspend two arbitration processes over the Llurimagua copper-molybdenum exploration project in the Andean region of Imbabura, Ecuador Energy and Mines Minister Xavier Vera said.

Diversified miner Glencore has announced that its joint venture partners Marubeni Corporation and Electric Power Development Co (J-Power) will each fund A$10-million in Glencore’s CTSCo carbon capture and storage (CCS) project in Queensland. The CTSCo project aims to demonstrate CCS technology and focuses on capturing CO2 from the Millmerran coal-fired power station and permanently storing it deep underground in a dedicated storage site 100km from the power station.

Queensland’s resource exports reached a record high of A$77-billion between March 2021 and March 2021, a report by the Queensland Resources Council (QRC) revealed last week. A State of the Sector report for the March 2022 quarter shows strong prices and increasing demand for Queensland commodities is driving the industry to never-before-seen levels of performance.