Orocobre shares crushed on weak lithium prices, outlook

Having trouble viewing this email?  View online Australia News Digest Friday 21 December 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Orocobre shares crushed on weak lithium prices, outlook The Brisbane-based lithium miner read » AngloGold Ashanti's Tropicana gold mine can go underground — study A prefeasibility study into the development of a mine beneath the Boston Shaker pits confirmed the technical and financial viability of an underground mine at AngloGold Ashanti and Independence Group's Tropicana operation. read » Australia's top gold miner boosts bet on Ecuador copper project Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company's second biggest shareholder BHP. read » Rio Tinto, China Baowu in talks to extend Pilbara iron ore JV The miner and one of the world's top steelmakers, have agreed to negotiate a possible extension to their iron-ore joint venture in Australia. read » Mitsubishi kisses thermal coal goodbye, sells Aussie mines Japan's biggest trading house is selling its 31.4% stake in Clermont coal mine to a 50-50 joint venture between Glencore and Sumitomo Corp, and its 10% stake in Ulan coal mine to Glencore. read » These are the three main trends to shape the diamond industry in 2019 According to Bain & Co., diamond miners and retailers will face an Increasing influence of digital technologies, growing presence of lab-grown stones and shifting preferences of younger generations of consumers. read » OceanaGold allowed to resume activities at New Zealand's Martha pit The Martha pit was shut down in 2015 when a major slip and a rockfall affected the area. read » Mineral Resources inks $1.15B lithium JV deal with Albemarle The joint venture will allow the American lithium producer, the world's No. 1, to expand its presence in Australia. read » BHP calls off sale of Cerro Colorado copper mine as buyer backs out The world's No.1 miner had decided to offload Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie's bid to focus on large assets in commodities such as iron ore, copper and oil. read » Rio's partner in Aussie copper project says nothing great about it so far Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper. read » Anglo ending 2018 on high note, predicts higher output, lower costs The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below. read » Losing licence to operate new and biggest threat to miners — EY Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years read » Lucapa kicks off commercial production at Mothae diamond mine The operation will add to the Perth-based company annual output, until now on depending on just one mine — Lulo, in Angola. read » Lynas mulls legal action as Malaysia conditions licence renewal 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. read » The lithium price bulls were right OK; half right. read » Kirkland Lake Gold's Aussie operation breaks production record Based on the improved outlook for Fosterville, the Toronto-based miner now anticipates that its full-year 2018 consolidated production will exceed the current target range of 655,000 – 670,000 ounces. read » Moody's sees weak lithium prices in 2020 due to projects frenzy Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say. read » Rio Tinto green lights $2.6B Koodaideri iron ore mine investment Construction will start next year with first production expected in late 2021. read » BHP unveils world-class copper find near Olympic Dam in South Australia It is already being called by some experts "the thickest high-grade copper intersection seen in years." read » MacMines gets environmental nod for mega coal mine in Australia The company's 20,000-hectare China Stone thermal coal project is expected to produce 38 million tonnes of coal annually. read » Clean TeQ's Sunrise nickel-cobalt-scandium project gets green light The miner submitted a new version of its project proposal, which was approved with strict conditions to mitigate against environmental and social impacts. read » Australia's Kidman Resources, LG Chem ink lithium hydroxide deal Kidman will supply 12,000 tonnes of lithium hydroxide a year to the diversified chemicals company for 10 years. read » Havilah inks agreement for Australia's largest undeveloped open pit copper-gold deposit The move brings the company one step closer to being granted a mining lease. read » New ramp at BHP's Olympic Dam doubles capacity The Kalta decline is key to reaching the Southern mine area where BHP is mining high grade copper resources. read » As global equities take a hit, gold miners are doing fine Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold's appeal firming. read » Only 13% of board members in the mining industry are women: Bedford When it came to analyzing named executive officers in mining firms, only 8% were women. read » New technology allows for digging 100 feet below water MineWare experts have extended the capability of its Pegasys Dragline Monitor to support underwater digging. read » Australian rail workers postpone coal haulage strikes as cyclone looms Aurizon's 4 major railways in the Bowen Basin of Queensland, the world's largest coking coal export region, carry coal from mines owned by BHP Billiton , Glencore , Anglo American and Peabody Energy. read » Capturing the value of veterans in mining Capturing the diverse skills and talents of highly-trained defence force personnel as they transition to civilian work requires a specialised approach. read » Indonesia coal miner Bayan completes A$226m buy back of Kangaroo Resources "The aim of this share purchase is so that the company can have full control over its subsidiaries owned indirectly by Kangaroo Resources." read » Australian rail workers plan strikes that could hit key coal haulage tracks Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said. read » Read more Australia 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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