Новости за 03.10.2022

Economic and energy advisory company Meridian Economics is warning that the immediate implementation of Eskom’s proposed retail tariff plan could severely disincentivise investment into the large distributed generation plants required to reduce or end load-shedding. The plan, which the utility says is necessary to rebalance variable and fixed charges in light of technology changes under way in the sector, has already met with stiff opposition from some residential customers and opposition political... Читать дальше...

Up to 1 350 t of green hydrogen can now be generated a year from renewable solar and wind power in the Wunsiedel Energy Park, in Germany. “This is another example of platinum-based production of green hydrogen in Europe that will assist both the replacement of imported natural gas and the earlier use of heavy-duty fuel cell electric vehicles. “It highlights platinum’s crucial role in global decarbonisation that has been significantly boosted by energy security concerns in Europe and decarbonisation funding in the US... Читать дальше...

Fertiliser exploration company Danakali on Monday announced the potential sale of its 50% interest in the Colluli sulphate of potash (SOP) project, in Eritrea, for $166-million before tax, sending the Australia-listed company’s stock surging 25%. Danakali, which owns the project in a 50:50 partnership with the Eritrean National Mining Company, has executed a non-binding term sheet with Sichuan Road and Bridge Group.

ASX-listed coal miner Yancoal will repay $1-billion of debt on October 4, from available cash. The company said on Monday that its decision to undertake another debt prepayment was made possible by the robust coal prices and its focus on optimising its capital structure to deliver future value to shareholders.

A new report by consulting services firm MinterEllison has highlighted the three key issues facing the mining and services sector. Research conducted among Western Australian mining executives has revealed concerns about rising costs, labour shortages, inflationary pressure, supply chain and global macroeconomic issues.

Shareholders of Toronto- and New York-listed Turquoise Hill will on November 1 vote on the cash takeover offer from Rio Tinto, the company behind one of the world’s biggest copper mines has confirmed. Rio Tinto last month offered Turquoise Hill C$43 a share for the remaining stake in Turquoise Hill that it did not already own.

Precious metals miner Great Panther has announced board and management changes as part of its ongoing strategic initiative to reposition the company. Three of its directors, Elise Rees, Kevin Ross and Dana Williams, have each resigned from the board, with effect from September 30.

The federal government on Monday said that the decommissioning of the Northern Endeavour floating production storage and offtake facility has reached a significant milestone with contractor Petrofac Facilities Management Limited taking operational control of the facility. Petrofac was earlier this year awarded a A$325-million contract to deliver Phase 1 of the decommissioning, which will see the Northern Endeavour disconnected from the subsea equipment, and temporary suspension of wells.

Base metals miner Lundin Mining has temporarily suspended operations at the Neves-Corvo mine, in Portugal, following a fatality late in the evening on Friday. In what the company has described as an isolated incident underground, an employee of a materials handling contractor was fatally injured while operating a piece of mobile equipment.

Mining major Rio Tinto has asked for the resignation of Energy Resources of Australia’s (ERA’s) chairperson Peter Mansell, a move which ERA on Monday said was already in the works. Rio last week trashed an independent valuation of ERA, saying it failed to recognise opposition to the development of the Jabiluka uranium deposit.

Put the cautious optimism on display at Peru’s top mining event down to three main factors: easing pandemic restrictions, copper’s bright longer term outlook and a diminutive sexagenarian economist. An estimated 50 000 people are doing the rounds at the Perumin show this week in Arequipa, a picturesque but bustling city surrounded by giant copper deposits.

Canadian zinc and lead developer NorZinc on Friday agreed to a cash offer from private equity group  RCF VI (RCF) to maintain the current development work at its Prairie Creek project, in the Northwest Territories. RCF will buy NorZinc for C$0.0325 a share in cash, which represents a 3.5% premium to the 45-day volume-weighted average price of $0.0314 a share. RCF and its affiliates currently hold about 48.31% of the outstanding shares of the company.

Peru's government proposed on Friday "a new approach" for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts in the country in recent months. Prime Minister Anibal Torres said during a conference between executives of large mining firms that the new "attitude" aimed to promote local and foreign investment. He added that the government of leftist President Pedro Castillo respects private initiative and wants to promote mining activity.