Новости за 12.10.2022

This week: Joburg Indaba hears that development is only conversation South Africa should be having; Minerals Council CEO says South Africa’s geological prospectivity is fantastic; and, investment is required to meet mining’s decarbonization and power challenges

ASX- and JSE-listed Orion Minerals has started a series of field trials for the treatment of minewater at the Prieska copper/zinc mine in South Africa’s Northern Cape province, using a proprietary electrolytic technology to produce saleable products. The process has the potential to extract valuable products such as calcium and magnesium, for agri-nutrient use, from water pumped out of the underground mine at Prieska, the company says.

Dual-listed Condor Gold has appointed Jim Mellon as nonexecutive chairperson, it announced on Tuesday. Mellon has been a nonexecutive chairperson of Condor, which owns assets in Nicaragua, for several years and is the biggest shareholder with an 18.7% shareholding in the company.

Mexico-focused Endeavour Silver said on Monday that its yearly production was trending towards the upper-end of its guidance range for the year, forecasted at 7.6-million to 8-million silver-equivalent ounces. Consolidated silver production increased 12% year-on-year to 1.46-million ounces in the third quarter, driven by higher output from the Guanacevi mine.

NYSE-listed Hecla Mining has reported another strong quarter of operational performance from all three its mines, with silver output of 3.6-million ounces placing the company on track to exceed its full-year guidance. Gold production of 44 747 oz was in line with the second-quarter’s output.

ASX-listed GME Resources will raise A$4-million in a share placement to advance work at its NiWest nickel/cobalt project, in Western Australia. The company on Wednesday said it had received fir commitments for the placement of 42.1-million shares, at a price of 9.5c each, representing a 14.7% discount to GME’s five-day volume weighted average share price.

The Queensland government has introduced a new Bill to Parliament to ensure the state’s environmental framework remains modern by providing greater consultation on resource projects, ensuring environmental impact statements (EISs) remain up-to-date and early certainty on clearly unacceptable projects. Environment Minister Meaghan Scanlon introduced the Environmental Protection and Other Legislation Amendment (EPOLA) Bill following an extensive engagement process by the Department of Environment and Science with conservation groups... Читать дальше...

Diversified miner Rio Tinto has announced plans to invest up to C$737-million over the next eight years to decarbonise its Rio Tinto Fer et Titane (RTFT) operations in Sorel-Tracy, Québec, and to position the business as a centre of excellence for critical minerals processing. The partnership with the government of Canada will support technological innovations that represent a first step towards reducing greenhouse gas emissions from RTFT’s titanium dioxide, steel and metal powders business by up to 70%, the miner said.

Lithium developer Lake Resources has reached a conditional framework agreement (CFA) with electric vehicle battery developer SK On for the supply of up to 25 000 t/y of lithium from the Kachi project, in Argentina, and a potential 10% stake in Lake through a strategic investment. The CFA with SK On comes just days after Lake struck a similar deal with commodity supply solution provider WMC Energy.

The share price of ASX-listed Queensland Pacific Metals (QPM) climbed more than 18% on Wednesday on news of a long-term strategic collaboration agreement with General Motors (GM). QPM has entered into a binding equity subscription and offtake agreement with GM, under which GM would invest up to $69-million, comprising an initial $25-million investment and a final investment decision of up to $44-million.

Takeover target Demetallica has rejected a A$36-million takeover offer from fellow-listed AIC Mines. AIC in September launched the takeover offer, offering one of its own shares for every 1.5 Demetallica shares held, valuing the company at 33.7c a share, or at A$36-million.

ASX-listed Coronado Global Resources on Wednesday confirmed merger talks with US energy major Peabody Energy Corporation. The confirmation followed a report by The Australian, which said that merger discussions were under way in New York.

Canadian uranium miner Cameco on Monday announced that it would partner with clean energy investor Brookfield Renewable to buy nuclear services group Westinghouse for an enterprise value of $7.88-billion. Brookfield Renewable, with its institutional partners, would own a 51% interest and Cameco would own a 49% stake in Westinghouse, which services about half the nuclear power generation sector and is the original equipment manufacturer to more than half the global nuclear reactor fleet. “We’re... Читать дальше...