Новости за 12.12.2022

The UK needs to establish independent, sustainable and resilient supply chains to diversify its sourcing of critical minerals and reduce dependence on such minerals being sourced from China, said UK Critical Minerals Intelligence Centre chairperson Paul Atherley, who is also chairperson of magnet metal and rare earths miner Pensana. He was called to give evidence to a House of Commons Select Committee on Critical Minerals, relating to the recently enacted National Security and Investment Act, on December 6.

The first potential underground mining at Anglo American Platinum’s opencast Mogalakwena platinum group metals (PGM) mine in Limpopo is targeted to start towards the end of 2024 and build up slowly to a full underground unit by the end of the decade. “We’re nearing the end of phase one of the decline development, which will start to give us the access to the underground drilling,” Anglo Platinum CEO Natascha Viljoen disclosed in response to Mining Weekly during an investor day media call.

European banks are finding ways to continue financing coal, despite signing up to climate alliances that target net-zero emissions, according to a study by nonprofit ShareAction. A survey of 25 European banks revealed that the industry is also underreporting its support of high-carbon sectors in general, ShareAction said on Monday. The same study found that most banks aren’t measuring biodiversity risks when assessing clients and projects in which to invest.

Coal India will increase spot auctions of the fuel in the coming months, the chairman of the world's biggest coal miner said on Monday, as the company's rising output has left them with enough fuel to meet increasing demand from non-utility power plants. An increase in spot auction sales, which offer higher margins than its mainstay long-term contracts, will help Coal India to build off its record profit from this year and maintain a share price, which has climbed 25% since April and outpaced a... Читать дальше...

Precious metals mining company Endeavour Silver has filed a technical report for the recently acquired Pitarrilla project, in Mexico, which provides an independent estimate of the project’s mineral resources. CEO Dan Dickson reports that Pitarrilla has a verified resource of newly 600-million ounces of silver, which he says validates the merits of acquiring the deposit.

Peru’s demonstrators have threatened to stop work at Glencore’s Antapaccay and MMG’s Las Bambas copper mines in protest against the country’s new president and to demand fresh general elections, according to La Republica. The demonstrators in south Peru said every state company will stop working and that they’ll block roads.

With only days to go before a contract must be signed to continue operations of the Cobre Panama copper mine, Commerce and Industries Minister Frederico Alafaro Boyd has said that discussions with Minera Panama – a subsidiary of First Quantum – have reached an impasse. The parties have until December 14 to sign a new contract, or the government has said that it will pursue an alternative path forward for the operation of the mine.

Walkabout Resources’ Tanzania-based Lindi Jumbo graphite mine has passed an independent environmental audit by a registered environmental firm NAK – the first to take place since the commencement of construction activities. Under the environmental approvals obtained for construction of the mine, Walkabout is required to undertake a yearly independent audit to demonstrate environmental compliance, particularly under Regulation 50 of the Environment Impact Assessment and Audit Regulations.

Mining industry bodies and participants have applauded Canada’s new C$3.8-billion Critical Minerals Strategy (CMS), which seeks to ramp up production and processing of 31 critical minerals, but have stressed that time is of the essence. The strategy, which Natural Resources Minister Jonathan Wilkinson unveiled in Vancouver on Friday, focuses on opportunities at every stage along the value chain – from exploration to recycling.

ASX-listed New World Resources has announced a capital raise to advance its Antler copper project, in Arizona, towards development and production. The company on Monday said it would issue some 250-million new shares, at a price of 3.2c each to raise A$8-million. The placement has been strongly supported by a range of institutional, sophisticated and professional investors.

Potash developer Highfield Resources will raise A$13-million in a share placement to institutional, sophisticated and professional investors to fund early work at its Muga project, in Spain. The ASX-listed company has received firm commitments for the placement of 21.6-million shares, at a price of 62c each. The shares will be placed in a single tranche under the company’s existing placement capacity.

The shareholders of takeover target Turquoise Hill have backed the takeover offer from mining major Rio Tinto, which would now acquire some 49% of Turquoise Hill’s issued and outstanding common shares for C$43 a share. Turquoise Hill said that some 86.6% of all votes cast were in favour of the Rio offering, with the valid dissent notices filed representing less than 17.5% of all outstanding shares.

Shareholders of Canada's Turquoise Hill on Friday voted in favour of Rio Tinto's $3.3-billion bid to take it private and gain direct control over a giant Mongolian copper mine. Turquoise Hill said 86.6% voted to approve Rio Tinto acquiring 49% of shares that it does not already own, giving the Anglo-Australian miner a 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposit. The deal was also approved by about 60.5% of the votes from minority shareholders, the Canadian miner said.