martes, 11 de julio de 2017

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Having trouble viewing this email?  View online
MINING.com - your source for global mining news
China News Digest
Wednesday 12 July 2017
Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

Beijing's shuts 120 million tonnes of low-grade steel capacity in six months providing a boost for high-quality ore exporters.

Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

The need for the metal is expected to triple by 2025, but no all the countries rich in lithium are taking advantage of that trend, as shown in these graphics.

While major global companies are part of Ghana's mining sector, illegal gold extraction is a chronic issue in the country and deadly accidents are frequent.

Only five out of the 19 illegal workers believed to have been at the pit when the accident happened have been rescued since Sunday.

Just when you thought coal was out, the fossil fuel appears to be back on the burner.

Base metals enjoy one of their best trading weeks of the year – nickel jumps 3.5%, zinc at highest since March.

Physical markets, not just futures speculation behind the latest rally

The approval ends a three-week bidding war between Yancoal and Glencore over Rio's thermal coal assets in Australia.

It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.

The South African firm has secured control of the gemstones producer and plans to delist it.

Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.

The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.

Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.

Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio's preferred buyer.

China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.

The flow of Indonesian nickel ore to China has resumed after a three-and-a-half year break.

Dam restrictions in China following excessive rains are also reducing hydropower capacity there, including at the world's biggest power station, forcing utilities to ramp up output at coal-fired utilities.

1 Year Iron Ore Fines Price
1 Year Copper Price
Find MINING.com on Facebook
Follow MINING.com on Twitter
Subscribe to the RSS Feed
Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America
You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com China News Digest". You mayunsubscribe at any time.
The information contained in “China News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “China News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.

No hay comentarios:

Publicar un comentario

You have been invited to contribute to La Tota Tv

Hello, The purpose of this message is to inform you that La Tota TV has invited you to contribute to their blog "La Tota Tv"...