martes, 24 de octubre de 2017

Xi's China a boon for mining

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Mining News Digest
Tuesday 24 October 2017
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President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state.

The complex would be called the Giant Nickel All Season Resort.

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Price of iron ore declines ahead of Chinese winter steel output cuts, widening Kobe Steel scandal.

Petra Diamonds Ltd's first quarter revenue fell by 17 percent after Tanzanian government last month seized consignment of diamonds from its Williamson mine.

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.

Bonds issued by Venezuela and PDVSA were down across the board on Monday, with some falling as much as 2.5 points.

South Africa's Solidarity union cites low commodity prices and rising costs as two main factors behind the job cuts.

Refined copper production was 774,000 tonnes last month, up 3.3 percent from 749,000 tonnes in August, according to the NBS data.

Cenovus Energy (TSX, NYSE:CVE) last week unloaded another key asset.

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.

Oreninc Index falls as big deals announced.

In today's extremely competitive and borderless global economy, many goods that get produced are ultimately the result of a group effort.

Look at what the Nasdaq bubble did in 1999-2000 with no QE and interest rates around 5%.

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