Новости за 28.07.2022

South Africa’s Department of Mineral Resources and Energy has dismissed a third party's appeal against the granting of a mining permit for Aim-listed investment company Kazera Global’s 60%-owned subsidiary Whale Head Minerals (WHM).  WHM now expects to shortly receive final documentation allowing it to start heavy mineral sands (HMS) production at the Walviskop mine, in the Northern Cape.

Global coal consumption this year is set to match a record set in 2013 as European economies work to conserve supplies of natural gas, according to the International Energy Agency (IEA). Demand for coal is rising even as countries target a reduction in carbon emissions over the coming years that will require curbing the use of the most polluting fossil fuel.

Aim-, ASX- and JSE-listed coal explorer, developer and miner MC Mining has entered into a coal sales and marketing agreement with Mpumalanga-based coal miner Overlooked as an avenue to open an export channel of its API4 grade of coal. The marketing agreement, which expires on December 31, will facilitate the export of coal produced at MC Mining’s Uitkomst colliery, in KwaZulu-Natal, ensuring the mine benefits from the prevailing international coal prices.

Miners Ultra Argentina and China's Zangge Mining will invest $290-million in northwest Argentina to explore and develop potentially lucrative lithium deposits, the government said late on Wednesday. The plan to produce lithium carbonate, a major component in rechargeable batteries, will start with a $40-million investment in the Laguna Verde Project in the country's Catamarca province, followed by at least another $250-million from Zangge to build a production plant by late 2023, the productive development ministry said in a statement.

Zimbabwe’s power utility ZESA Holdings will no longer charge mining houses tariffs below cost of production as it is struggling to service “ballooning power import debt.” Exporters, such as mining companies, will be charged $0.1063/kWh from August 1, ZESA executive chairperson Sydney Gata said in a letter to miners. Power from diesel-run Hwange plant, which is under expansion to add 300 MW is produced at $0.107/kWh, translating to 12c for customers, he said.

Gold demand in the second quarter decreased by 8% year-on-year, industry association the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report shows. However, owing to significant inflows into gold exchange-traded funds (ETFs), gold demand for the first half of the year had increased by 12% year-on-year, WGC senior analyst Krishan Gopaul told Mining Weekly this week.

Canada-based Kinross has increased production in the second quarter, producing 453 978 gold-equivalent ounces (GEOs) in the three months ended June, mainly owing to higher grades and throughput at the Tasiast mine, in Mauritania. The miner cautioned, however, that its full-year production would be at the lower-end of its 2.15-million GEO guidance, citing a delay in the mill ramp up at its La Coipa mine, in Chile.

The independent board committee (IBC) of ASX-listed Energy Resources of Australia (ERA) will need to go back to the drawing board in their quest to raise funding to finance rehabilitation work at the Ranger uranium project, in the Northern Territory. ERA told shareholders on Thursday that the company had been engaging with its three largest shareholders, including Rio Tinto, which holds an 86.3% interest in the company, in relation to a non-underwritten, renounceable entitlement offer to raise some... Читать дальше...

Copper/gold miner Sandfire Resources has exceeded its annual production expectations following a strong June quarter. Copper production during the June quarter reached 34 974 t, up from the 28 774 t produced in the March quarter, pushing full year copper production to reach 98 367 t, well above the guided 92 000 t to 95 000 t target that Sandfire set for the full year.

Coal miner Stanmore Coal’s integration of the BHP Mitsui Coal (BMC) coal assets continued during the three months to June, following the company’s completion of the acquisition of an 80% interest in the assets in May. Stanmore on Thursday reported that run-of-mine coal production for the quarter ended June had reached 2.9-million tonnes, up from the 1.02-million tonnes produced in the March quarter, while saleable coal production in the June quarter reached 2.2-million tonnes, up from the 565 000 t produced in the March quarter.

Swedish-Canadian businessman Lukas Lundin, the co-founder and former chairperson of the Lundin Group of Companies, has died at the age of 64, following a two-year battle with brain cancer. Lukas was the driving force behind the success of the Lundin Group, having started his career in the international energy and mining sectors in the early 1980s working side-by-side with his father, the late Adolf Lundin. Under the leadership of Lukas and his brother Ian Lundin, and in close cooperation with the rest of the family... Читать дальше...

The Western Australian Environmental Protection Authority (EPA) has called for feedback on its greenhouse gas (GHG) guidelines. The EPA this week said that it is reviewing its Environmental Factor Guideline – Greenhouse Gas Emissions, which was introduced in April 2020, and aimed at communicating how GHG emissions are considered by the EPA in the environmental impact assessment (EIA) process.

Development plans for the rail and port infrastructure to service the Simandou iron-ore project, in Guinea, has progressed, with the incorporation of the La Compagnie du TransGuinéen (TransGuinean Company) joint venture (JV). Major Rio Tinto is joint venturing with the government of the Republic of Guinea and Winning Consortium Simandou (WCS) on the TransGuinean Company.

Diversified miner Rio Tinto has committed a further A$75-million spend over the next 10 years to renew its partnerships with the Shire of Ashburton and the City of Karratha, in Western Australia, to continue the delivery of a range of important community projects across the two regions. Previous Community Infrastructure and Services Partnership (CISP) agreements with both the Shire and the City had supported the funding and delivery of key infrastructure projects, local services and public events for local communities over the last 10 years.