Новости за 23.11.2022

Diversified miner Anglo American has secured desalinated water supply for its Los Bronces copper mine, which is located in an area of Chile that has been impacted by a decade-long severe drought. The desalinated water will supply more than 45% of Los Bronces’ needs, while also providing clean water to about 20 000 people in communities local to the operation, Anglo American base metals CEO Ruben Fernandes said on Tuesday.

Canada-based Denarius Metals has been granted a definitive option agreement to acquire, in two stages, up to 80% in Aim-listed Europa Metals’ Spanish subsidiary, which owns the Toral zinc/lead/silver project. Denarius executive chairperson and CEO Serafino Iacono says the company is pleased to expand its scale in Spain through a partnership with Europa.

Aim-listed Galileo Resources has completed a drilling programme at the Luansobe copper project, in Zambia, marking an important step towards the generation of a new mineral resource estimate for the project. Assay results for the first 15 of 28 holes drilled have been received, with 28 vertical diamond drill holes totalling 3 563.5m having been completed.

Copper ticked up on Wednesday on support from tight global supplies, while steadily rising Covid-19 cases in the world's top metal consumer China continued to weigh on sentiment. Investors also awaited more clues on US interest rates ahead of the minutes of the last Federal Reserve meeting, due at 1900 GMT.

TSX-V- and Aim-listed Mkango Resources’ 42% indirectly owned UK-based rare earths recycling subsidiary HyProMag has been granted funding of €3.7-million to further develop its knowledge base, infrastructure and recycled neodymium magnet production capacity. The funding will help realise HyProMag’s transition to commercial production in Germany and strengthen the European rare earth supply chain.

Canadian mining company Mountain Province has discovered a new kimberlite as part of its Kennady North exploration programme, which focuses on the claims and leases surrounding the Gahcho Kue diamond mine, in the Northwest Territories. The new KE kimberlite is a distinct occurrence that is located about 450 m east of the Kelvin kimberlite, the company said on Tuesday.

Australia's Fortescue Metals Group FMG.AX said on Wednesday that Guy Debelle will step down as chief financial officer of Fortescue Future Industries (FFI), its green energy group. The former Reserve Bank of Australia deputy governor will transition to the board of FFI Australia to focus on his health, following a "serious" bicycle incident in August, Fortescue said.

Diversified miner Glencore has amended the terms of sales and purchase agreement with NYSE-listed Metals Acquisition Corp (MAC) over the sale of the CSA copper mine copper mine, in New South Wales. The two companies in March this year struck an agreement under which Glencore would receive $1.05-billion in cash, $50-million equity stake in MAC and a 1.5% net smelter return life-of-mine royalty on completion of the transaction.

Phosphate rock producer is advancing plans for its Stage 1.5 expansion of its Ardmore phosphate mine, in Queensland. The company previously announced that it had been investigating the Stage 1.5 project as an additional development stage with the potential to increase production in the near-term, as well as to continue to provide a low cost, high return capital investment.

The global economic environment will be more supportive for commodities in mid-2023 on expectations the dollar will ease, while China's reopening from Covid-19 curbs will boost risk appetite, a Goldman Sachs analyst said on Wednesday. Prices of commodities from oil to metals have been pummelled by a strong US dollar this year as the Federal Reserves hiked interest rates aggressively to curb inflation.

The Democratic Republic of Congo wants a mining deal it signed with China more than a decade ago to be reworked, with a view to securing all the funding that was pledged for infrastructure projects and a share of windfall profits. A review of the 2008 minerals-for-infrastructure contract that includes the Sicomines copper-cobalt mining project should ideally be concluded by year-end, Congolese Prime Minister Jean-Michel Sama Lukonde said in an interview in Sharm El-Sheikh, Egypt, during the COP27 climate summit. Читать дальше...

The Queensland government has approved two steelmaking coal mines in Central Queensland. Resources Minister Scott Stewart said the approval of privately held Futura Resource’s Fairhill and Wilton projects near Emerald was a big boost for the regional workforce and economy, and would create up to 130 regional jobs.

The federal government this week announced a A$500-million investment in the Powering Australia Technology Fund to help Australian businesses progress innovative projects and technologies to reduce emissions. This funding will be provided to the Clean Energy Finance Corporation (CEFC) to increase the commercialisation of renewable energy, energy efficiency and other innovative clean energy technologies.

Diversified miner Rio Tinto this week said that it has proven the effectiveness of its low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany. The company is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonise the steel value chain.

The Australian Renewable Energy Agency (ARENA) has released a Roadmap for Decarbonising Australian Alumina Refining, paving the way for the country’s alumina refining industry to achieve net zero emissions by 2050. The Roadmap was commissioned by ARENA and prepared by advisory firm Deloitte in consultation with Australia’s three major alumina producers Alcoa, Rio Tinto and South32,, and provides a framework for future policy and investment decisions and serves as a call to action for public and... Читать дальше...