Новости за 14.06.2022

The board of Black Chrome Mine (BCM), based in Limpopo, has resolved to place the mine under business rescue, voluntarily, to best ensure the long-term survival of the mine. BCM, a subsidiary of JSE-listed Chrometco, confirmed the operation’s financially distressed state, noting that it is not able to pay debts on time.

The judge overseeing Brazilian miner Samarco Mineracao's bankruptcy has scheduled a mediation hearing between the company, shareholders Vale and BHP and creditors to hammer out a restructuring agreement. Creditors rejected the company's last proposal on April 18 and filed an alternative plan a month later, in which a debt-for-equity swap would turn them into Samarco's controlling shareholders.

During the 50 years that industrial equipment supplier AZ-Armaturen has been in existence, it has continuously developed its portfolio to meet the increasing demands of globally active customers. “The tradition of being a partner and meeting the highest demands of our customers is inextricably woven into the company’s fabric, and is what drives it forward, day-in and day-out,” the company says.

Colombia is set to increase coal and petroleum production as it steps up to fill the void created by sanctions against Russia, Energy Minister Diego Mesa said on Monday. The Andean county has restarted coal exports to Ireland, Mesa said on the sidelines of Canada's PDAC conference in Toronto. The European country stopped buying Colombian coal in 2016 on human rights concerns.

Glencore is getting rich on coal. The company is on course for another year of bumper profits, its shares just hit a record high — a feat that looked unlikely for most of the last decade — and investors are set for a windfall of returns. But some of them are now asking exactly how it’s all going to end.

Uranium explorer 92 Energy (92E) will raise A$8.7-million in a share placement to fund exploration work at its Gemini project, in Saskatchewan. The ASX-listed company on Tuesday said that it would issue more than 11.15-million new shares, qualifying as flow-through shares under Canadian tax law, at a price of 78c each.

The Queensland Resources Council (QRC) has called for clarity around the state government’s plans to increase royalty rates. Queensland Treasurer Cameron Dick earlier flagged that royalties would increase in 2022/23. However, the state government has not given any further clarity on what these royalty hikes would entail.

TSX-V-listed Palladium One Mining has acquired the Canalask nickel/copper/platinum group elements (PGE) project beside the Alaska highway,  in the Whitehorse mining district of Yukon, from Victoria Gold. The company said its geological team, comprising of experts in sulphide nickel/copper/PGE deposits, believes it is an “over-looked and underexplored prospect”. Nickel producer Falconbridge initiated exploration activities at Canalask in 2006, however, when Xstrata bought over the company in late 2006, exploration had been curtailed.

Ghana is on a roadshow to find a strategic partner to "revamp" state-owned Volta Aluminum Company's (VALCO) aluminium smelter, Ghana Lands and Natural Resources minister Samuel Jinapor said on Monday at the Africa CEO Forum conference in Abidjan. Jinapor said Ghana, which has ample reserves of aluminium ore bauxite, aims to create an integrated aluminium industry in the country.

Copper is under assault from various risks that threaten to undermine the prospects of the key metal needed to wean the world off of fossil fuels, according to CRU Group’s Vanessa Davidson. Threats include “the possibility of lower GDP or industrial production triggered by geopolitical risks, high inflation becoming more embedded in the economy, or the effects of Covid-19 lasting longer than anticipated,” CRU’s director of copper research and strategy said Monday at a mining conference in Toronto. Читать дальше...

BHP Group is open to taking on a partner as it builds its first potash mine in the Canadian province of Saskatchewan, but can also go it alone and is not currently involved in discussions with rival Nutrien, a senior BHP executive said on Monday. "We are more than happy and willing to work with partners. We don't need a partner though," Ragnar Udd, BHP president of Minerals Americas, said in an interview with Reuters. "So it has to be really about what's that partner actually going to be contributing... Читать дальше...

Argentina said on Monday it would introduce a new optional tax regime for copper producers that could potentially lower export duties in an effort to jumpstart national production. The measure, announced by Economy Minister Martin Guzman at a mining forum, follows conversations with provinces and companies involved in the sector, the ministry said in a statement.