jueves, 9 de noviembre de 2017

India’s NMDC joins the race for $9bn diamond project

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Asia News Digest
Friday 10 November 2017
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Indian diamonds are known for their quality, particularly those from the ancient Golconda mines, famous for producing a rare kind of extremely clear gem.

Company will suspend operations at the McArthur River and Key Lake at the end of January for at least 10 months.

The Fekola mine will add up to 410,000 ounces of gold to the company's annual output.

Producer offers 38.5% cash premium for AuRico Metals developing the Kemess gold and copper project in British Columbia, Canada.

Owner, Australian Kingsgate Consolidated, will begin arbitration under the Thailand-Australia Free Trade Agreement (TAFTA) to try to recover "the substantial losses" it has incurred.

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

Cameco said its most immediate goal was to remain competitive and in a position to be among the first to respond when the market calls for more uranium.

Armed separatists have occupied five villages in Indonesia's Papua province, threatening to disrupt Freeport-McMoRan Inc's giant Grasberg copper mine, which has already been hit this year by labor unrest and a dispute over operating rights.

EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that's prized for its ability as soil fertilizer.

Global deficit in nickel supply to drop 53,000 tonnes in 2018 from 98,000 tonnes this year, partly due to recovery in Chinese production growth.

Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China.

Company said it did not know why the operations had been suspended, but a source familiar with the situation pointed to political disputes between Kazakhstan and Kyrgyzstan.

The current debate surrounding coal is generally one of how long it will continue to play a role in the world's energy mix before it is replaced by cleaner alternatives, but the coming years may see a deficit in seaborne markets for the polluting fuel.

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