Новости за 14.07.2022

Mining production decreased by 7.8% year-on-year in May, Statistics South Africa (Stats SA) has revealed. The largest negative contributors were gold (-28.3% and contributing -4.6 percentage points); coal (-7.3% and contributing -1.9 percentage points); and manganese ore (-14.5% and contributing -1.1 percentage points).

TSX-V-listed diamond miner Diamcor Mining sold 1 939.81 ct of rough diamonds in its first tender for the second quarter ending September 30. The tender generated gross revenues of $478 391.90, with diamonds sold at an average price of $246.62/ct.

Canada-headquartered Barrick Gold on Thursday announced higher preliminary second-quarter gold production, with output of more than one-million ounces for the three months ended June 30. The mining company, headed by CEO Mark Bristow, increased its production from 990-million ounces in the first quarter to 1.04-million ounces in the second quarter – 5% quarter-on-quarter improvement.

In an open letter, 36 civil society organisations (CSOs) are calling on an attorney representing the Mpukunyoni Traditional Authority, the Mpukunyoni Community Mining Forum, the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) to respect the Constitutional rights of community members. In a judgment handed down by the Pretoria High Court on May 4, Judge Noluntu Bam found that coal mining company Tendele Coal Mining’s 2013 application for a mining... Читать дальше...

An Ecuadorian court has reaffirmed the mining concessions for Loma Larga, Canada-based gold mining company Dundee Precious Metals (DPM) reported on Wednesday. The Judicial Labour Unit of Cuenca has delivered an oral decision on the Constitutional Protective Action filed against the Ministry of Environment, Water and Ecological Transition (MAATE), upholding the validity of the company’s environmental permits for exploration at Loma Larga and confirming that the MAATE did not violate certain rights... Читать дальше...

Shares of Australian coal miners jumped on Thursday after a Chinese news site said that talk of China ending its unofficial ban on imports of Australian coal, in place since October 2020, had recently intensified. Firms such as Coronado Resources, Yancoal Australia, Whitehaven Coal and New Hope all saw shares rise between 6% and 10% on the report on trade website sxcoal.com, which was also cited by CN Wire.

Aim- and AltX-listed diversified metals processing company Jubilee Metals Group has appointed Tracey Kerr independent nonexecutive director with immediate effect. Based in the UK, she is currently a nonexecutive director of Hochschild Mining, a FTSE 250 precious metal mining company with mines and development projects in the Americas.

Dual-listed Wallbridge Mining has entered into a definitive agreement with CSE-listed Archer Exploration through which Archer will acquire all Wallbridge’s nickel property, assets, rights and obligations, including the Grasset property, to create a publicly-traded nickel exploration and development company. Archer is backed by Inventa Capital, a Vancouver-based merchant bank founded in 2017 with the goal of discovering and funding opportunities in the resource sector.

Canada-headquartered mining company Platinum Group Metals (PTM) has informed shareholders that it is considering commercial alternatives for mine development, financing and concentrate offtake for the Waterberg palladium project, in South Africa’s Limpopo province. The company confirms that studies are under way to assess the economic feasibility of building a dedicated matte furnace to process Waterberg’s concentrate as an alternative to a traditional concentrate offtake arrangement.

Lithium developer Lake Resources has come out in defence of the technology selection at its Kachi lithium brine project, in Argentina, as well as the progress made to date. A report by short seller J Capital Research earlier this week cast doubt about the direct lithium extraction (DLE) process selected by Lake Resources, and whether the technology, being provided by Lilac Solutions would even be functional.

Mining major Rio Tinto is looking at a $188-million investment to increase the production capacity for low-carbon, high value aluminium billets at its Alma smelter in Lac-Saint-Jean, Quebec by 202 000 t. The existing casting center at Rio Tinto's Alma plant will be expanded to accommodate new state-of-the-art equipment, including a casting pit and furnaces, allowing a larger portion of the aluminium produced to be converted to higher value billets.