Новости за 22.08.2022

Burkina Faso authorities have detailed a Perkoa mine manger and a manager from mining contractor Byrnecut, pending a trial on charges relating to the April flooding event at the mine, Trevali Mining has confirmed. The company is working with its legal representatives to seek the release of the detained individuals, it said in a statement on Monday.

Willie Bezuidenhout will step down as CFO of South African coal producer Buffalo Coal from September 18. The JSE- and TSX-V-listed company's board of directors has started a process to appoint a successor

Copper prices slipped on Monday as worries about demand dominated sentiment, though sliding inventories provided some support. A manufacturing slowdown in top metals consumer China in recent months because of Covid-19 lockdowns has weakened demand for the metal used widely in the power and construction industries.

Financially troubled Trevali Mining has suspended operations at its Caribou mine, in Canada, and placed the expansion of its Rosh Pinah mine, in Namibia, on hold, as the miner filed for protection from its creditors. Trevali was granted on Friday an initial order for protection from the British Columbia Supreme Court under the Companies’ Creditors Arrangement Act (CCAA).

Diversified major Vale has received two battery-powered 72-t off-highway trucks, which will be tested in the mines of Água Limpa, in Brazil, and Sorowako, in Indonesia. These trucks, produced by a subsidiary of Chinese machine manufacturer Xuzhou Construction Machinery Group (XCMG), can operate for up to 36 cycles along an established route – just over a day of operations – without the need to stop and recharge.

The good times will keep rolling for lithium producers in a market free of the slowdown fears that rattled other commodities in recent months, according to the second-largest supplier of the battery metal. Reporting record quarterly earnings, SQM projected at least a 35% jump in demand this year, noting “very strong” electric-car sales in China in recent months. All that when new lithium supply has been slow to come onstream.

India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets. Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3-billion in the prior year, Vipul Shah, vice chairman of the Gem & Jewellery Export Promotion Council, said in an interview. “We have a huge potential to grow exports to $7-billion to $8 billion... Читать дальше...

ASX-listed Australian Pacific Coal has received a non-binding alternative offer for its Dartbrook coal project, in New South Wales. Australian Pacific Coal and its major shareholder and creditor Trepang Services had previously agreed to an offer that would result in Australian Pacific Coal’s consolidated liabilities reducing by some A$65-million, and the company receiving royalties from the net profits of the Dartbrook project of between A$2.50/t and A$5/t, based on the average coal price per quarter.

The Minerals Council of Australia (MCA) has welcomed the passing of the Inflation Reduction Act in the US, saying it would help to underpin the critical minerals sector in Australia. The new bill would see the US government invest some $369-billion in renewable energy and reducing the US’ emissions, aiming for a 40% reduction by 2030, compared with the 2005 levels.