Новости за 15.08.2022

TSX-listed diversified miner Ivanhoe Mines recorded a profit of $5-million for the second quarter of the year, up from a loss of $108.6-million for the same period of 2021. The profit in the period includes Ivanhoe Mines’ share of profit and finance income from the Democratic Republic of Congo-based Kamoa-Kakula joint venture of $84.6-million, which set a new quarterly production record during the period with 87 314 t of copper in concentrate produced.

Aim-listed Arc Minerals has announced the start of its maiden exploration drilling programme at its Virgo project, in Botswana. This maiden drill programme is designed to test geochemical anomalies identified in the Virgo licences located within the highly prospective Central Structural Corridor of the Kalahari Copper Belt (KCB).

The revenue of JSE- and TSX-listed platinum group metals (PGM) miner Eastern Platinum (Eastplats) increased by 2.5% year-on-year to $20.5-million in the second quarter, taking year-to-date revenue to $37.9-million. Mine operating income increased by 25.2% or $900 000 year-on-year to $4.2-million in the second quarter, resulting in an improved gross margin of 20.3% in the period, up from 16.6% in the corresponding period in 2021.

The volume of nickel traded on the London Metal Exchange (LME) dropped more than 40% in July as funds, consumers and producers continued to shun the market - months after trade was suspended for more than a week in March as prices dramatically spiked. Traders say many previous participants of the market worry they may be buffeted by price volatility again, while others believe the type of nickel traded on the LME is no longer representative of the global market.

Brazilian miner Vale was fined about 86.3-million reais ($16.82-million) after the country's comptroller general decided the firm did not present truthful information on the conditions of its Brumadinho tailings dam prior to a 2019 disaster. The mining giant said it did not agree with the decision and will appeal within the next 10 days.

Aim-listed tin miner AfriTin Mining has completed construction for the first phase expansion of the processing plant at the company’s flagship polymetallic Uis mine, in Namibia.  "The AfriTin team has [completed] the construction milestone for the Uis Phase 1 expansion project despite challenging market conditions and a difficult construction environment. We are . . . pleased with the progress and look forward to completing the production ramp-up. We aim to achieve a significant increase in revenue... Читать дальше...

Coal leasing is temporarily banned once again on public lands after a federal judge on Friday reinstated an Obama-era moratorium. The ruling reinstates a 2016 order by then-Interior Secretary Sally Jewell banning coal leasing on federal lands pending further environmental review because of coal’s contribution to climate change. That order was scrapped in 2017 by Ryan Zinke, the Trump administration’s first Interior secretary.

Codelco is using artificial intelligence to squeeze out more copper from its aging Chilean mines as suppliers of the metal look to boost efficiencies amid a dearth of new deposits and growing demand. Battling falling grades, rising costs and growing environmental scrutiny, Codelco introduced a digital data center in 2020 that uses machine learning. The platform is adding about 8 000 metric tons at its century-old Chuquicamata mine, or $80-million in annual profit, the state-owned company said in a statement.

The US Environmental Protection Agency (EPA) has publicly issued a draft underground injection control (UIC) permit for the Florence copper project, in Arizona, kicking off a 45-day public comment period. The comment period would end on September 29, with a virtual public hearing to be held on September 15, TSX-, NYSE American- and LSE-listed Taseko Mines reported on Monday.

Canada-based Turquoise Hill has rejected diversified miner Rio Tinto’s C$34-a-share cash bid for the company, concluding that the offer does not “fully and fairly” reflect the value of its majority interest in the Oyu Tolgoi project, in Mongolia. A special committee of independent directors of Turquoise Hill concluded that Rio Tinto’s offer price was “well below” a range of values implied by a value analysis conducted by TD Securities.

Coal miner Allegiance Coal has secured a $40-million loan and an up to 40 000 t/m offtake agreement with New York-based financier Marco. The offtake agreement will run for a period of 12 months, starting in October, and Marco will have the right to extend the contract for another year, and at the expiry of the second year, for a possible third year.

A definitive feasibility study (DFS) into the Ross and Kendrick production areas, at the Lance uranium project, in Wyoming, has proven positive for ASX-listed Peninsula Energy. The DFS estimated that the two production areas could produce a combined two-million pounds of uranium a year at steady-state production from the fourth year of production, producing 14.4-million pounds of uranium oxide (U3O8) over an estimated 14-year mine life.

The Western Australian government has granted copper miner Oz Minerals the third and final regulatory approval for its West Musgrave project. The ASX-listed Oz Minerals told shareholders that discussions were well advanced with the Ngaanyatjarra Council on finalising the mining agreement with significant progress made over the past several months.