jueves, 8 de noviembre de 2018

Chaarat Gold buys Armenian mine from Russia’s Polymetal for $55m

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Asia News Digest
Friday 9 November 2018
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Deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which aims to reach through acquisitions.

Second major R&D collaboration this year to examine the use of scandium in next-generation battery storage technology.

The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead

The Australian rare earths miner has been granted an extension to a temporary permit to store residue at its Malaysian site.

The precious metal can help save lives.

Freeport-McMoRan CEO Richard Adkerson says reduced spending on large-scale projects will add to the impending supply gap on global copper markets.

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts' estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

World salt exports rose to 64 million tonnes in 2017, up 10 million tonnes from 2016.

CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.

The deal came amid choppy global markets, rocked by trade concerns and slowing economic growth in Asia – including Indonesia.

Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.

Indonesia's South Sumatra province plans to ban coal transporters from using public roads from Nov. 8

To avoid the resource curse Afghanistan needs to stop illegal mining.

"Our vision is to be the world's leading uranium company" – Ni Tao deputy manager of China National Uranium Co Ltd

Mitsui has said it will trim its thermal coal assets in the long term but would continue to invest in coking coal – a key raw material for steel-making.

Following two innovation summits between ICMM members and suppliers, a governance model for collaboration has been designed.

JFE cuts crude steel output plan due to glitches, heavy rains.

Lead has all the hallmarks of a classic bull commodity story.

The plants haven't been running at full capacity after the court ruled last year that a change in regulations overseas couldn't be a ground for increasing power prices.

From vacuum cleaners to electric vehicles.

POSCO's revenue in Q3 rose 9.1% from a year earlier to 16.4 trillion won, beating the analysts' estimate of 16 trillion won.

Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.

Gold demand in this years Dusherra falls by 40% in some pockets.

465,000 tonnes of nickel play 'hide and seek'

With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company.

Hedge funds that doubled down on bearish gold wagers are facing a gut check.

If this trend continues, then it's going to be a dampener.

The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.

The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.

Indonesia said industry association APRALEX had applied for safeguard measures, which can be used to protect a country's producers.

Deputy Minister Fuziah Salleh, a long-standing critic of Lynas' plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.

Atalaya Mining produced 166,000 tonnes of copper concentrate in 2017 and has a market capitalization of 327 million pounds ($433 million).

Diwali is just a week away but there is no improvement in demand.

Nippon Steel plans to step up crude steel production in the October-March period, predicting an output of 21.6 million tonnes for the six months, above 20.58 million tonnes a year earlier.

Aanalysts expected the miner to post a profit of 12.68 billion rupees.

The calm before the storm, potentially.

Any strategic move would be possible — as long as it's in the best interests of shareholders.

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil – the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).

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