Новости за 28.06.2022

Zambia should halt the search for a new investor in Konkola Copper Mines (KCM) until litigation with Vedanta Resources is settled, the Indian mining company said on Tuesday. Zambia's previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with Vedanta Resources, KCM's parent company.

Dual-listed Kore Potash has signed a heads of agreement (HoA) with Sepco Electric Power Construction Corporation to build the Kola potash project, in Congo-Brazzaville. Sepco is an engineering partner of the Summit Consortium, which, in turn, has a memorandum of understanding in place with Kore to jointly develop the project.

The New Acland Stage 3 coal project of ASX-listed New Hope Group moved a step forward on Tuesday, with the Queensland government granting the project environmental approval. The coal miner has been battling to gain approval for the Stage 3 development of its New Acland mine and was earlier backed by the Queensland Land Court, which recommended that the mining leases and environmental authority applications for the project be granted.

While Eskom has put its plans in motion to end protests that have disrupted its operations and break the deadlock at its wage talks, unions in the negotiations are split on whether the impasse may need an intervention from Public Enterprises Minister Pravin Gordhan. Historically, an intervention from Gordhan worked in unions' favour. Following Gordhan's intervention into the three-year deal Eskom inked with labour in 2018, the utility went from offering a 0% increase to granting 7.5% increase in year one and 7% in the subsequent two years.

TSX-V-listed American Lithium has validated sulphate of potash (SOP) as a byproduct of future lithium production at the Falchani project, in Peru. COO Laurence Stefan says the strategic importance of producing significant amounts of SOP from Falchani cannot be overstated, noting that it has the potential to make Peru self-sufficient for SOP fertilisers.

US-based exploration and development company Ivanhoe Electric has priced its initial public offering (IPO) at $11.75 a share, raising $169.1-million. The company, led by mining magnate Robert Friedland, sold about 14.4-million shares at the bottom end of its previously guided IPO pricing range of $11.75 to $12.50 each.

Canadian miner Copper Mountain Mining has engaged investment bank Macquarie Capital to evaluate strategic opportunities regarding the Eva copper project, in Queensland, Australia, the company confirmed on Monday. Copper Mountain was responding to media reports about a possible project sell-off. The miner stated that it regularly reviewed strategic opportunities and that there were no pending transactions with respect to Eva.