jueves, 31 de mayo de 2018

Kyrgyz Republic former PM who signed deal with Centerra charged with corruption

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Mining News Digest
Friday 1 June 2018
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It's rumoured that Sapar Isakov's charges may put a pact ending long-dragged disputes between the Asian country and the Canadian miner in jeopardy.

Copper prices will rise.

99 bottles of beer on the wall…

The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.

Under the planned $2.25 billion transaction, Adaro will take a 48 percent stake of Rio's current 80 percent interest in the mine.

Higher production doesn't necessarily mean higher oil prices are entirely out of the question.

The 12 to 18 month outlook for the US steel industry has changed to positive from stable, Moody's Investors Service says in a new report.

The two companies jointly own the Coimolache mining company in Peru, and are both junior partners in large mines in Peru controlled by U.S.-based companies.

The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons.

In February, the federal government introduced Bill C-69, which will replace the Canadian Environmental Assessment Act, 2012 with the Impact Assessment Act.

Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.

Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December.

Energy producers expected to do more with less while focusing on the environment.

Prime Minister Narendra Modi's administration is aiming to have more than 30 percent of vehicles run on electricity by 2030.

In early May, China implemented a 30-day ban on all scrap-copper imports, part of wider limits on all sorts of imported waste.

Anglo American Plc is set to boost metallurgical coal capacity at a mine complex in Australia by 25 percent.

The US on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the EU, reigniting fears of a global trade war.

RNC announced today that it has entered into a US$13 million bridge financing facility with Auramet.

Petropavlovsk also said its board wanted to know the identities of the parties behind CABS and Slevin, which together own 9.1 percent of the company.

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