BUSINESS MAVERICK: Implats decides not to take option in Waterberg project as miners conserve cash

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 84%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Impala Platinum has decided not to exercise its option to raise its stake in a promising palladium project in the Waterberg. Palladium was all the rage a few months ago, but the Covid-19 pandemic has dramatically altered the global economic landscape and mining companies are focused on cash preservation rather than expansion.

On 16 October 2017, Impala Platinum announced a 15% strategic investment in the Waterberg Development project. Implats had the right to take a majority stake in the project, based on the outcome of a feasibility study.

So it was looking like a done deal, with Implats, which was generating nice cash flows, seen likely to take its option to lead the project into development and production.“The original investment decision was informed by Implats’ stated strategy to rebalance its portfolio of mining assets towards lower risk, shallow and mechanisable orebodies,” Implats said in a statement on Wednesday, 17 June.

There is little investor appetite at the moment for such undertakings. And developing a mine in the ecologically fragile Waterberg region will certainly be on the radar screen of conservationists if it ever gets off the ground, raising its risk profile.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Business Maverick: Hong Kong People Shifted Pension Out of City, China StocksHong Kong workers stepped away from local and Chinese equities last month at levels not seen since 2016, as political tensions returned and investors chased big stock gains elsewhere.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »

Business Maverick: Asia Stocks Drop With U.S. Futures; Havens Gain: Markets WrapAsian stocks and U.S. equity futures dropped, while the yen and Treasuries advanced, as optimism over policy stimulus gave way to recovery concerns caused by rising infection numbers in some locations.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »