Новости за 19.11.2018

Aim-listed Amur Minerals’ Kuun-Manie nickel/copper sulphide project has now been sufficiently explored, wherein resource and numerous studies have confirmed its technical and economic potential to produce class-one nickel suited for the expected growth of the electronic vehicle market. To build on its exploration success, the junior on Monday unveiled a four-pronged strategic plan for the future development of the project, focusing on the engineering to a bankable feasibility study (BFS) level, off-site infrastructure... Читать дальше...

The holding company of the Mowana copper mine has secured a $4-million working capital extension from Fujax Minerals and Energy, which Aim-listed Cradle Arc has hailed as a “vote of confidence” in the Botswana operation. Leboam Holdings, a 60%-owned subsidiary of Cradle Arc, negotiated a 24-month repayment term, with a six-month payment holiday, scheduled to start from April 2019.

Brazilian court has ordered Vale, Brazil's largest miner, to stop its nickel-extracting operations in the northern state of Pará and pay damages to two indigenous tribes that live in the area. Vale, one of the country's biggest companies, will not be able to resume mining iron or nickel at its Onça Puma unit until it meets certain environmental requirements and presents plans aimed at mitigating and compensating indigenous peoples, Brazil's prosecutor-general's office said on Friday. The court decision was also on Friday.

A preliminary economic assessment (PEA) study, conducted by GE21 Consultoria Mineral on behalf of TriStar Gold for its Castelo de Sonhos gold project, in Brazil, highlighted life-of-mine recoverable gold of 1.1-million ounces, or an average of 120 000 oz/y. The Castelo de Sonhos project will require a capital investment of $184-million and is the TSX-V-listed junior’s flagship project.

Aim- and TSX-V-listed Galantas Gold on Monday announced a private placement of common shares, which should complete the equity element of funding required to achieve its 30 000 oz/y gold concentrate target. The private placement would be for a minimum of 64-million shares and maximum of 80-million shares, at an issue price of £0.05 (C$0.086) apiece for targeted gross proceeds of between £3.2-million and £4-million, or C$5.1-million and C$6.8-million.

Chile is set to deliver steady production growth of 4% next year, as the risk of labour strikes decreases and mines are upgraded, Fitch Solutions Macro Research says in a report, also warning that declining grades pose a downside risk to its long-term forecast. Fitch states that Chile’s copper mine production is forecast to grow by 2% in 2018, to 5.4-million tonnes, on the back of strong production increases from major mines. For example, Anglo American posted an increase of 54 100 t in the first three quarters of 2018... Читать дальше...

JSE-listed Gemfields has generated $28.4-million in revenue from last week’s rough emeralds auction, which 40 companies attended in Singapore. The company said on Monday that the proceeds of the auction would be fully repatriated to its 75%-owned subsidiary Kagem Mining and would be used to settle all royalties due to the Zambian government.

TSX-, NYSE- and ASX-listed Kirkland Lake Gold has appointed David Soares CFO and Eric Kallio exploration senior VP, effective immediately. The company on Monday in a statement also announced a number of internal management changes, including outgoing exploration VP for Australia John Landmark to human resources VP, effective January 1, and outgoing Canadian operations VP Pierre Rocque’s appointment as technical services VP.

Coal miner Stanmore Coal has received a 95c a share takeover offer from Golden Investments, a company which is 51% owned by Indonesian coal producer Golden Energy and Resources and 49% held by Ascend Global Investment Fund. The unsolicited offmarket bid valued Stanmore at around A$240-million and offered a 14.5% premium to Stanmore’s five-day volume weighted average share price on the ASX.

ASX-listed junior TopTung has moved to acquire Canadian Nickel Corporation (CNC) to more than double its landholding in Quebec. CNC has previously entered into conditional agreements to acquire three advanced nickel/copper sulphide projects that are in the same district as TopTung’s own Alotta project.

The share price of coal miner Bathurst Resources increased by 4% on Monday after the company announced that the mine life of its 65%-held Rotowaro project, in New Zealand’s North Island, had been extended by a further four years. The miner said that the mine life extension would be achieved through the development of a new resource at Waipuna West, which is within the Rotowaro operation’s current area of operation.

Diamond miner Lucapa Diamond Company has generated a further $4.2-million in sales revenue following the sale of 3 411 carats from its Lulo alluvial mine, in Angola. The company told shareholders that the parcel of diamonds achieved an average price per carat of $1 220, bring the total year-to-date sales of Lulo diamonds to $24.5-million at an average price per carat of $1 353.

Diversified miner BHP has reached a settlement agreement with the Australian Taxation Office (ATO) on a longstanding dispute related to the company’s marketing operations in Singapore. As part of the settlement, BHP said on Monday that it would pay A$529-million in additional taxes for the years 2003 to 2018, without admission of tax avoidance.

The Queensland resources sector contributed A$62.9-billion to the state’s economy in 2017-18, a 14% increase on the previous year, the Queensland Resources Council (QRC) reported on Monday. In its ninth annual contribution report, the QRC noted that the resources sector generated one in every five dollars of the state’s economy, and one in every eight jobs.