miércoles, 30 de agosto de 2017

Brazil judge blocks decree allowing mining in Amazon

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Mining News Digest
Thursday 31 August 2017
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Federal judge Rolando Spanholo said opening the area known as Renca to mining can only be done by an act of Congress under the constitution.

Silvergrass adds 10 million tonnes of iron ore to the market as price stabilizes in the mid-$70s.

Move could mean good news for Gabriel Resources' long-stalled namesake gold project.

The miner, South Africa's largest gold producer, said that in the absence of a dividend, it'll give investors two new shares for every 100 held.

Zambian electricity utility Copperbelt Energy Corporation (CEC) and Glencore's Mopani Copper Mines have reached an agreement to restore full power supply to the mine from Wednesday, the president's office said on Wednesday.

Contract is for commercial construction equipment.

More than a hundred environmental activists gathered last weekend to practice seaborne drills to disrupt construction on Kinder Morgan's Westridge crude oil terminal.

Diamond giant will spend more than US$140 million in marketing this year.

The loss was in part due to weakness in the price of nickel, with zinc remaining flat and copper seeing a slight increase.

Although De Beers intends to spend most of the money on its own brands, Forevermark and De Beers Diamond Jewellers, all advertising is good for the wider diamond trade since it has a positive ripple effect.

China Minmetals Corp has flagged off its maiden deep-sea venture seeking minerals in the east Pacific Ocean, a company spokesman confirmed.

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