miércoles, 16 de agosto de 2017

US researchers find unexpected new source of much-needed lithium

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Mining News Digest
Thursday 17 August 2017
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Lithium needed for rechargeable batteries used in high tech devices and electric cars might soon be extracted from calderas surrounding dormant supervolcanoes.

Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface.

Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.

Even the most optimistic forecasts for copper by year-end is below the spot price.

Metal traded above $3,000 per tonne on the LME for the first time since November 2007.

China will ban the production and trade of a range of products containing mercury by 2020.

The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.

The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.

Flash floods have left one worker missing and caused extensive damage to a power plant at the miner's operations in the eastern-most province of Papua.

There are several encouraging signs for the mining outlook in Australia.

Former journalist James Kwantes, editor of Resource Opportunities, provides a tour of promising junior mining opportunities, from the extremes of northern Canada to the tropics of French Guiana.

Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.

Russia's Norilsk Nickel reported a 3 percent fall in first-half core earnings on Tuesday, missing analysts' forecasts, due to a stronger rouble and a jump in social expenses.

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