miércoles, 29 de noviembre de 2017

Brazil mining code unchanged as Senate fails to vote on bill

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Mining News Digest
Thursday 30 November 2017
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Brazil's lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country's current mining law.

The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.

They hope to receive $200 million in government funding.

Chinese firms have shown "broad interest" in buying PotashCorp's stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.

The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.

The Western Australian government's second attempt at increasing the royalty rate for gold miners has failed to pass in Parliament.

The Ecuador-focused miner said it has discovered "promising" new copper prospects at the Porvenir and Timbara projects, with rock chip samples graded up to 4.27% copper.

The country's reserves have been estimated at $60 billion for metallic and 40 billion for non-metallic resources.

Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.

The walkout, which involved 3,000 members of two out of the five Southern Copper unions in Peru, has been declared illegal by the labor ministry.

Gold and gold stocks have remained below their 2016 peaks even in the face of a very weak US Dollar because the fundamentals are not there.

Elcora Advanced Materials is pleased to announce it has signed a Memorandum of Understanding (MOU) agreement with Lockheed Martin Canada.

The government and industry want reactors restarted to cut electricity bills, but swathes of the public oppose returning to atomic energy.

Following sharp rise in copper prices this year, ZCCM Investments Holdings wants to increase its stakes Zambia's mines and expects higher dividend payments.

The vanadium flow battery is essential for our future energy consumption requirements.

The company had exported 684,333 tonnes of copper concentrate by end-October, according to government data.

Representatives of major mining companies believe the global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong.

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