Новости за 08.10.2018

Cradle Arc’s 60%-owned subsidiary, Leboam, the holding company of the Mowana copper mine, in Botswana, has conditionally obtained a loan facility of $2-million from Cradle Arc's largest shareholder PenMin Botswana. Proceeds from the facility will be applied to dealing with the intermittent equipment breakdowns and interruptions being continually experienced at Mowana's processing plant that have adversely affected the company’s production performance.

Russian diamond miner Alrosa subsidiary AlmazyAnabara has extracted a large 28.59-ct rough diamond of deep greenish-yellow hue – its largest yellow rough diamond for the year. The diamond was discovered at Ebelyakh placer deposit in July.

Gold miner Randgold Resources’ Morila gold mine’s ambitious agribusiness project has been approved by the Malian government. The project is designed to replace mining with a sustainable economic activity in the local community after the operation’s closure in two years’ time.

The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go global. “We have the best borehole logging database in the world in South Africa, which is now poised to go global. It has developed out of the South African mining industry, and in all of my work throughout the world... Читать дальше...

Aim-listed BlueRock Diamonds will, subject to funding, invest in further improvements at its mining operation, plant and necessary personnel at the Kareevlei diamond mine, in the Northern Cape, to increase the capacity and efficiency of the operation. The proposed investment is expected to “materially” increase the mine ‘s profitability.

Namibian base metals miner Weatherly International has restarted the process of reviewing its strategic options, including the possible sale of some of its subsidiaries or assets. The process will be led by Numis Securities and Treadstone Resource Partners.

Aim-listed Edenville Energy has signed an offtake deal to supply an industrial customer in East Africa with 300 t a month to 500 t a month of coal for two years. Edenville has been working with the customer throughout this year to create a product specifically suited to the customer's operations and has been supplying test batches of coal.

JSE- and NYSE-listed Harmony Gold has reached a settlement with the Financial Sector Conduct Authority of South Africa (FCSA), related to the company’s financial results for the quarter ended March 31, 2007. Harmony states that the results for that quarter, at that stage unbeknownst to the company, were incorrect.

The financial year ended September 30 bode well for JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa Minerals, with record production from its Tharisa mine, in South Africa’s Bushveld Complex, record high recovery rates and a best-in-class safety accolade. “The significant advances we have made through our research and development has seen Tharisa adopt new technologies, increase our ability to beneficiate our products and has the potential to improve our ability to maximise revenues from our operations.

The share price of junior Highlands Pacific rose slightly Monday on news of the potential expansion of the Ramu nickel and cobalt operation, in Papua New Guinea, in which the company holds an 8.56%. Highlands on Monday confirmed that its project partner Metallurgical Corporation of China (MCC) could spend up to $1.5-billion on expanding the project, with details of the proposed expansion still under wraps.

The Western Australian Department of Mines, Industry Regulation and Safety has given ASX-listed Salt Lake Potash the go-ahead to construct a pond system to dewater the Williamson pit, at its Lake Way project. The Williamson pond will be the first operational scale sulphate of potash (SOP) evaporation ponds built on a salt lake in Australia, and was an important part of the staged de-risking and development of the Lake Way project, as well as across the Goldfields Salt Lakes project, Salt Lake Potash said on Monday.

The Australian Competition and Consumer Commission (ACCC) has ordered the Port of Newcastle Operations (PNO) to reduce its charges for ships carrying coal for mining major Glencore by 20%. In January 2015, PNO increased the charge for coal ships entering the port by about 40% to A$0.69/t.

The Minerals Council of Australia (MCA) has called for a reform of the Environment Protection and Biodiversity Conservation (EPBC) Act, to allow Australia to benefit from uranium mining. In a paper commissioned by the MCA, environmental assessment expert Lachlan Wilkinson recommended the Act be reformed to streamline environmental approval of uranium projects while retaining environmental protection.

Norwegian aluminium company Norsk Hydro will restart its Alunorte alumina refinery, in Brazil, at 50% capacity, following approval by federal environmental agency IBAMA to use its press filter technology for processing bauxite residues. The “exceptional” authorisation, which was granted on Friday, will extend the life of the residue deposit area 1 (DRS1), which is close to reaching its capacity, and will allow Alunorte to continue operations.

Canadian potash junior Ecanto Potash on Friday announced the departure of Richard Lively from the company – only three months after he was appointed COO. The company did not provide a reason for Lively’s departure, but stated that it would continue its efforts to reduce projected capital expenditure costs at its Muskowekwan project, in Saskatchewan.

British firm Consolidated Nickel Mines (CNM) plans to restart production at Zambia's Munali nickel mine in the first quarter of next year, its local subsidiary said on Saturday. The decision to restart output at the mine comes despite plans by the government to hike mining taxes to bring down mounting public debt.

Bolivia will choose a new junior partner in the coming weeks to help industrialize its lithium deposits from among seven companies that submitted proposals, including the German firm ACI Systems, according to a government official. The other offers to work with Bolivia to tap two lithium-rich salt flats – Coipasa and Pastos Grandes – were submitted by Chinese companies and two Russian firms, Luis Alberto Echazu, Deputy Minister of High Energy Technologies, told Reuters in an interview on Thursday.

China's Belt and Road Initiative to boost trade and infrastructure in 64 countries is expected to help boost copper demand in those nations to 6.5-million tonnes a year by 2027, a conference was told on Friday. That's a 22% increase from 2017 and about 10% higher than if China had not launched its initiative, according to data presented by Gu Liangmin, deputy MD of China Minmetals UK.

President Donald Trump’s attempt to wield US economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer. The financial penalties imposed on Russia’s United Co. Rusal in April were intended to punish its majority owner, billionaire Oleg Deripaska, as well as Russian President Vladimir Putin.

With a resolution to Freeport-McMoRan’s Indonesian saga in sight, CEO Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company. Freeport is planning to remain an independent entity, Adkerson said Thursday in a wide-ranging, 90-minute phone interview. “But if an opportunity for us to sell to another company would arise, and that would be good for our shareholders, you would see us trying to get the best deal we can get as... Читать дальше...