Новости за 07.11.2022

Coal India, one of the world’s top producers of the fuel, reported a two-fold jump in its second-quarter profit as demand and prices surged. Net income for the three months ended September rose to 60.4-billion rupees ($738-million) from 29.4-billion rupees a year earlier, Coal India said in a stock exchange filing Monday. That beat an average analyst estimate of 55.5-billion rupees compiled by Bloomberg.

Mineral resources company GoviEx Uranium has filed a technical report titled ‘A feasibility study for the Madaouela uranium project, Niger" dated November 1. The feasibility study is noted to represent an extremely detailed, fully costed, and updated study of GoviEx’s Madaouela uranium project, taking into account international best practices and standards for responsible project development.

Diamond miner Petra Diamonds reports that an eastern wall of a tailings storage facility at its Williamson mine, in Tanzania, was breached earlier on November 7, resulting in flooding away from the pit and extending into areas outside of the mine lease area. Emergency response teams from government and the Williamson mine have been mobilised and the mine’s management officials are attending the scene of the incident, together with the regional and district commissioners.

Russia's largest lender, Sberbank, is suing global commodities trader Glencore for around €117-million over unpaid oil supplies, the database of Moscow's Arbitration Court showed on Monday. The database showed Sberbank was seeking to recover debt and penalties from Glencore Energy UK over two agreements, worth roughly €58-million each.

Public Enterprises Minister Pravin Gordhan welcomed World Bank president David Malpass to State power utility Eskom’s Komati power station following the bank’s approval of a R9-billion ($497-million) concessional loan to repurpose and repower the coal-fired power station into one which uses renewable energy and storage solutions. The World Bank earlier this month and at the request of the South African government, announced that it will provide a concessional loan towards South Africa’s just energy transition (JET)... Читать дальше...

Copper prices fell on Monday after top consumer China reaffirmed its stringent Covid-19 restrictions and data from the top consumer reinforced demand worries, but sliding inventories and a lower dollar limited losses. Benchmark copper CMCU3 on the London Metal Exchange was down 1.6% at $7 970 a tonne at 11:36 GMT. Prices of the metal used as a gauge of economic health jumped more than 7%, the largest one day gain since January 2009, on Friday as traders cut short positions because of talk that China would soon loosen its strict Covid measures.

The White House sought to reframe comments by President Joe Biden on closing coal plants as part of a US “energy transition,” responding to harsh criticism by West Virginia Senator Joe Manchin days before midterm elections with Democratic congressional majorities at stake. Biden’s comments while campaigning in California “have been twisted to suggest a meaning that was not intended” and the president “regrets it if anyone hearing these remarks took offense,” White House Press Secretary Karine Jean-Pierre said in a statement Saturday.

Coal miner Allegiance Coal has fallen short of it’s A$33.6-million capital raise aspirations. The company in October launched an eight-for-five entitlement offer, priced at 4c a share, to raise up to A$33.6-million before costs. The institutional component of the entitlement offer was completed last month, raising A$15-million.

US-based Energy Fuels is making “significant” investments in a number of its existing mines and production facilities, with an eye toward resuming large-scale uranium production “very soon”, CEO Mark Chalmers said on Friday. Energy Fuels would restart production at “one or more” of its mines and in-situ recovery facilities, starting as soon as next year, and has hired more people in anticipation of resuming production. “We have been the only US company to continue to produce uranium over the past several years... Читать дальше...

Ecuador-focused SolGold on Monday announced $50-million in royalty financing from Osisko Gold Royalties for the Cascabel copper/gold project, immediately removing the financing overhand that has encumbered the company. Osisko will receive a 0.6% net smelter return (NSR) interest from SolGold, calculated with reference to NSRs from the Cascabel licence area. SolGold has a buy-back option, exercisable at SolGold's election for four years from closing, for one-third of the NSR interest.

The directors of takeover target Demetallica have urged shareholders to accept a revised offer from fellow listed AIC Mines. AIC Mines has previously offered 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. However, the suitor on Monday increased its offer to one AIC Mines share for every 1.3 Demetallica shares held.

Tesla CEO Elon Musk said on Friday that the electric carmaker has never considered investing in Swiss commodities group Glencore. "No. We've never contemplated investing in Glencore," he said, speaking at an investor conference in New York.

The share price of coal miner Coronado Global Resources tumbled on Monday on news that the company had discontinued discussions with energy major Peabody Energy Corporation. Coronado last month confirmed merger talks with the US major, but said at the time that no agreement had been reached.

Junior Jameson Resources has welcomed a A$10-million investment by mining personality Nathan Tinkler through his Oceltip Coal companies. The placement will consist of more than 86.6-million shares, which will be placed in two tranches of 43.3-millione ach, with the first tranche issued on November 4 and the second some three months later.