jueves, 6 de diciembre de 2018

Brazil launches new mining agency days before Temer steps down

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Mining News Digest
Thursday 6 December 2018
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Changes to Brazil's 50-year-old mining regulations also came in effect Wednesday and include measures that make the country's industry more competitive and sustainable.

The operation will add to the Perth-based company annual output, until now on depending on just one mine — Lulo, in Angola.

It may even allow foreign investors to hold majority stakes in local operations on condition that part of their output is reserved for domestic downstream industries.

The Australian rare earths miner said it was disappointed with Malaysia's decision to impose new conditions on its licence to operate in the country, adding it was considering all options, including legal action.

Atlantic Gold Corp. has updated the results for its most recent resource extension drilling at its three gold projects near Halifax.

The Eagle project, where construction is 60% complete, is part of Victoria Gold's 100%-owned Dublin Gulch gold property, about 375 km north of Whitehorse.

Troilus acquired the new land it is calling Troilus North from Emgold Mining Corp. for 3.75 million of its common shares and $250,000 in cash.

A joint approach could allow for resources to be unlocked that would likely not otherwise be productive – Ricus Grimbeek, COO, Vale's North Atlantic Operations and Asian Refineries

At 17.9% graphitic carbon, the Lac Gueret deposit is likely one of the highest grade graphite deposits in the world.

For substantive change to take hold at the company, long-term directors who have presided over value destruction and overseen technical failures of prior mine plans need to be replaced.

High risk, high reward is the bet being made by global lithium miners in Argentina who are brushing aside a recession, a currency crisis and political uncertainty in their hunger for the mineral that helps power electric cars.

Parity with gold is fundamentally justified the market has been in sustained deficit and the effects of that are being borne out," said Marcus Garvey, analyst at ICBC Standard bank

Supply scarcity and the resulting price volatility are the two biggest hurdles to vanadium's potential bright electric future.

The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.

Searchlight Resources wants to take advantage of the increased interest in battery technology.

DRC has collected $1.21 billion in revenues from its mining sector over the first nine months of 2018.

Prosecutors said the companies bribed employees at Petrobras, as the Brazilian state oil company is known, to the tune of $15.3 million between 2009 and 2014.

The selective program targeted the high grade, near surface first zone, and the results did not disappoint.

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