Новости за 21.08.2023

To navigate the considerably softer coal prices, as well as inflationary pressures and the underperformance of Transnet Freight Rail, export coal-mining company Thungela has enhanced its business resilience by reducing the number of geology-challenged underground sections and ramping up production at the opencast Khwezela colliery. Khwezela, 22 km southwest of eMalahleni in Mpumalanga, was formed in 2016 through a merger of the mining operations of the Kleinkopje and Landau collieries.

Toronto-listed Dundee Precious Metals has completed an investment protection agreement (IPA) with Ecuador for the $400-million copper and gold mining project that it is pursuing in that country. Under the IPA, Ecuador has granted Dundee tax stability and certain tax incentives, as well as legal protections, including stability of the regulatory framework and resolution of disputes through international arbitration.

There’s a three-way battle underway for the title of the world’s biggest copper producer. After buying Australia’s OZ Minerals , BHP Group is challenging for the mantle at a time when hitherto leader Codelco has seen output slide as it battles to overhaul aging operations in Chile. In fact, the Melbourne-based firm produced more than Codelco last quarter.

Chile's Codelco, the world's largest copper producer, announced on Friday it has named Ruben Alvarado as the company's new chief executive, an executive who boasts executive experience in mining, airlines and port management. The company said in a statement Alvarado has been picked after an exhaustive search to replace Andre Sougarret, who stepped down in mid-June for personal reasons and unspecified "complexities" in running the firm.

Construction has started at ASX-listed Galan Lithium’s Hombre Muerto West (HMW) lithium brine project in Argentina. The company told shareholders on Monday that this was a significant step towards achieving the planned production capacity of 5 400 t/y of lithium carbonate equivalent by the first half of 2025.