domingo, 8 de octubre de 2017

Chinese companies to build 700 coal plants in and outside China

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Mining News Digest
Monday 9 October 2017
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Of all the new coal generation expected to go online over the next decade, Chinese companies will build nearly half of it.

Investors in a Calgary-based junior will no doubt be clinking wine glasses and giving some extra thanks this Canadian Thanksgiving weekend.

The Queensland Government is getting behind a pilot program that, together with an industry group, is hoping to bring thousands of mining equipment and services positions to the Bowen Basin within the next decade.

Australians opposed to the Adani Group's Carmichael coal mine in the Galilee Basin of Queensland expressed their displeasure at the project on Saturday.

Australia's Department of Industry, Innovation and Science sees iron ore prices averaging $50 a tonne next year, and dropping to $49 a tonne in 2019.

Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal guarantees, but a final deal has still to be reached.

Newcrest Mining chief executive Sandeep Biswas says the gold miner is examining whether a solar farm could be installed at it flagship Cadia mine in NSW to help insulate the operation from soaring electricity prices.

TransCanada Corp.'s cancellation of the Energy East pipeline leaves Canadian oil producers more dependent than ever on the Keystone XL and Trans Mountain proposals, two projects facing ardent opposition in their own right.

The fate of IAMGOLD's Sadiola mine hangs in the balance as Mali's gold exports fall and production winds down.

As North Korean imports of anthracite coal have waned with sanctions, those from Russia have soared.

Gold's reactions to geopolitical developments, including these about the country ruled by the Kim dynasty, are usually merely short-lived and limited.

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