jueves, 2 de noviembre de 2017

BHP to step up copper exploration, expansions to meet electric vehicles sector’s rising demand

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Mining News Digest
Thursday 2 November 2017
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World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035.

Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.

Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.

Total gold consumption, including jewellery and bullions but excluding the central bank's purchases, rose 16% to 815.9 tonnes in the first nine months of the year.

Shareholders of miner Stratex International blocked reverse takeover of Australian-listed Crusader Resources and voted CEO Marcus Engelbrecht out of office.

Mining investment in Peru set to fall for a fourth straight year in 2017, but Mining Minister Cayetana Aljovin expects it to bounce back in 2018.

Most of Chile's 7.5 million tonnes in reserves of lithium are found in brine deposits,and take at least seven years to develop.

As China's central government clamps down on archaic, polluting mines, Australia looks to meet surging global demand.

Industry experts address the link between copper demand and clean energy in three sectors: alternative energy, electric mobility and energy-efficient equipment.

Although there have been small gains in coal output and hiring this year, driven by foreign demand, production levels remain near lows hit in 1978.

For energy, mining, and resources companies, the cost of corruption — and getting caught — is high.

Sunshine Profits analyze which of the five Federal Reserve Chair candidates would be the best for the gold market.

A joint venture between EMR and mining group Lighthouse Minerals, the operation is expected to produce 25,000-35,000 tonnes of copper concentrate a year.

Investors must always be comfortable with the idea that the market bears risk.

BMO Capital Markets reported this producer's progress during Q3/17.

According to the International Lead & Zinc Study Group, the 10 largest zinc companies account for roughly 45% of world total, leaving plenty of room for smaller producers to grow.

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