viernes, 18 de agosto de 2017

Changes to Brazil mining law to bring mostly higher taxes, costs — experts

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Mining News Digest
Saturday 19 August 2017
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Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.

Copper price rally cools after threat to global supply from top 5 Las Bambas mine is averted.

Gold bulls turn attention from North Korea to US domestic turmoil.

The division will be divided into two separate units beginning 2018 — Minerals Services and Minerals Consumables.

Summer is the season for drilling, and with the uptick in the precious metals market since 2016, companies are finally able to have the budgets to properly explore their prospects, says Brien Lundin, editor of Gold Newsletter.

While Trump vows to save coal, many miners look elsewhere. Natural gas jobs don't offer the same stability as coal did.

Should the spinoff happen, AngloGold would be the latest miner to reduce exposure to South Africa, where political instability, controversial new mining rules and a stronger rand have made it less attractive to operate.

The country's Reserve Bank has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage.

While Bulgaria may not be the first country investors equate with gold mining, executives at one TSX Venture Exchange-listed company are sitting on pins and needles waiting for the drill results that could prove their high-grade thesis.

The Critical Investor sits down with Nemaska Lithium CEO Guy Bourassa to discuss the company's latest financing, plant construction and mine development.

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