domingo, 22 de octubre de 2017

Cenovus sells Palliser oilfield for $1.3 billion

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Mining News Digest
Monday 23 October 2017
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Cenovus Energy (TSX, NYSE:CVE) last week unloaded another key asset.

Red Kite, the largest metals hedge fund in the world run by UK Conservative Party donor Michael Farmer, is alleging that Barclays Bank attempted to rig the copper market through insider dealings with the London Metal Exchange.

Permit lets Bacanora go-ahead with its 35,000tpa (tons per annum) lithium carbonate operation in Mexico.

Highland Copper jumps 18% after announcing a 46% increase in resources at its Copperwood copper and silver project in Michigan's Upper Peninsula.

New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018.

China's top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector's "explosive" demand.

What would happen if you flipped a switch, and suddenly every new car that came off assembly lines was electric?

David Morgan uncovers supply and demand fundamentals on mining, cost of production, utility, and ratios in Proven and Probable interview.

The economic stance adopted by the new leaders will be crucial given China's recent economic slowdown.

If successful, the mines could fetch around $2bn and complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminum.

In light of the 30th anniversary of the Black Monday Crash in '87 we should be reminded that investor anxiety usually increases when markets get to extremes.

PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.

Mills in some northern Chinese cities ordered to cut output, acting on government policy to fight smog caused by pollution from industrial plants.

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