Новости за 01.11.2022

Copper miner Kamoa Copper – a subsidiary of Ivanhoe Mines – has selected mining machinery company Metso Outotec to supply a high-capacity direct blister furnace for the expansion of the Kamoa-Kakula copper mining complex in the Democratic Republic of Congo. The value of this type of a delivery is typically between €30-million and €40-million. The order has been booked in Metso's third-quarter orders received.

Metals to oil conglomerate Vedanta expects annual revenue of $50-billion in the next two to three years, roughly double projected revenues for fiscal year 2023, as it looks to ramp up production, including metals used in electric car batteries, its chairman said. Vedanta reported 1.327-trillion rupees ($16.05-billion) in revenues in the fiscal year that ended in March, up from 880.2-billion rupees a year earlier.

Brazilian miner Vale said on Tuesday it has signed agreements with local authorities and clients to look at developing so-called "mega hubs" in Saudi Arabia, the United Arab Emirates and Oman. The mining giant said in a securities filing that the industrial complexes in the Middle East would be focused on low-carbon steelmaking products such as hot briquetted iron to supply both local and foreign markets. Vale is expected to build and operate iron ore concentration and briquetting plants within the hubs... Читать дальше...

Rough diamonds sales by Debswana Diamond Company jumped 37.5% in the first nine months of 2022, statistics released by the Bank of Botswana showed Tuesday, driven by steady demand for jewellery. A joint venture between Anglo American unit De Beers and Botswana government, Debswana sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Company.

Saudi Arabia is seeking investment from Australian miners to support its $170-billion plan to build a mining industry and diversify its oil-dependent economy this decade. The kingdom says it’s sitting on top of $1.3-trillion worth of untapped mineral deposits including copper, zinc, phosphates and gold. Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef is in Australia this week to drum up investment interest. Australian miners should “come, explore, do mining -- the same as they are doing here”... Читать дальше...

Canada-listed junior explorer Sandfire Resources America, a subsidiary of Sandfire Resources, has been issued a water permit for the Black Butte copper project from the state of Montana Department of Natural Resources and Conservation (DNRC). The permits issued by the DNRC authorise the company to divert groundwater for use in the mining of the Johnny Lee copper deposit and to store high-water flows for stream flow maintenance.

A fragile supply chain marred by geopolitical tensions could hit the planned expansion of electric vehicle (EV) battery production, slowing EV adoption, S&P Global Mobility warned in a report on Monday. The auto industry information provider said original equipment manufacturers' battery-electric and hybrid vehicle sales aspirations will face strong headwinds as they scramble for raw materials, with annual market demand for lithium-ion batteries pegged at about 3.4 Terawatt hours (TWh) by 2030.

Coal miner Coronado Global Resources has reported a strong quarter for the three months to September, with record revenues in the year-to-date. Run-of-mine production for the September quarter was up 16.5% on the June quarter, from 5.5-million tonnes to 6.4-million tonnes, with the Australian operations contributing 3-million tonnes and the US operations contributing 3.4-million tonnes.

Technology and mineral exploration company Ivanhoe Electric, chaired by mining billionaire Robert Friedland, has made rapid progress at its Santa Cruz copper project, in Arizona, and is expecting an updated mineral resource statement for the project in January 2023. The company is managing a multi-rig drill programme, while completing numerous trade-off studies and carrying out the technical studies required to support a future preliminary economic assessment (PEA), chief technical and innovation officer Glen Kuntz reports.

Resources companies in Queensland reportedly spent some A$27.7-billion on local goods and services in 2020-21, a new report from the Queensland Resources Council (QRC) has shown. Spending in the year under review was up by 4%, or some A$1-billion on the previous period.

ASX-listed Argosy Minerals is targeting continuous lithium carbonate production from its Rincon operation, in Argentina, during the next quarter. The company on Tuesday told shareholders that some 98% of the operation development works for the 2 000 t/y operation have been completed, with 86% of plant commissioning completed.

Diversified major BHP has marked a major milestone at its Jansen potash mine, in Canada, completing the excavation and lining of the two 1 000 m-deep shafts at the mine, the largest of their kind in Saskatchewan. “It’s a big step towards bringing online the project which is planned to be the largest potash producing mine in the world, providing a rich source of potassium to keep soils fertile and maximise food production,” BHP said in a statement.