Volkswagen to spend $50 billion on electric car 'offensive'

Having trouble viewing this email?  View online Europe News Digest Friday 23 November 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Volkswagen to spend $50 billion on electric car 'offensive' German automaker is also considering involvement in battery production. read » Silver becomes key component for ultra-efficient solar cells "This constitutes a first step towards the production of novel electrodes for highly efficient solar cells and lights." read » World Gold Council announces update to AISC guidance It is expected that companies may choose to use the updated guidance starting January 1, 2019. read » K+S axes earnings guidance as severe drought hits production The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros. read » Antofagasta approves $1.3B expansion of Los Pelambres mine The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation. read » Caterpillar steps up game to keep leadership in North America In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes. read » Euro Sun gets mining license for Rovina in Romania The Euro Sun describes it as one of the largest mineral deposits in the European Union. read » Almost a quarter of Antofagasta's energy needs met by renewables The Zaldívar copper mine in Chile, a joint venture between Antofagasta and Barrick, will be able to replace greenhouse gas emissions equivalent to 350,000 tonnes per year, or about 87,000 vehicles annually. read » Gem Diamonds revises up full-year output target as recoveries on the rise So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter. read » Alrosa kicks off mining at new diamond field in Siberia President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader. read » Chaarat Gold says Centerra refused C$2B offer for firm, not just Kumtor The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead read » World's two top diamond miners join forces to test blockchain pilot Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds. read » Foraco's camp in Niger attacked by terrorists Foraco is the world's third largest global mineral driller. read » Zinc market enters period of peak tightness: Andy Home Given the tightness in zinc metal availability, smelter supply currently trumps mine supply. read » Nornickel aims to boost output to tap electric car boom Nornickel's current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme. read » Rio Tinto, Nespresso join forces to make coffee pods greener Both companies are seeking to position themselves as sustainable to boost their investor and customer appeal read » China's CEFC paid out compensation after Rosneft stake deal fell through CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes. read » Miners' spending on hunt for copper, EV metals hits $10 billion Budgets jumped about 19%, outpacing last year's gain. read » Electric vehicle revolution goes underground with mine truck Swedish mining equipment maker Epiroc AB is aiming to electrify all its underground machines within five years. read » JP Morgan's co-head of metals to leave around end of the year Sid Tipples, joint head of JPMorgan's metals business, will leave the bank around the end of the year. read » Diamond industry fails to clean up its act The diamond industry must go beyond just lip service and meaningful measures to bring itself into line with international standards. read » RSC Mining and Mineral Exploration partners with Terra Modelling The agreement provides a considerable combined offering to the mineral exploration and mining market. read » Read more Europe news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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