domingo, 17 de diciembre de 2017

CHART: High flying metals to fall back to earth in 2018

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Mining News Digest
Monday 18 December 2017
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Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Indian conglomerate cancels $2.6-billion contract with Downer Group.

On Friday, KGHM said it was considering next step after BC said it would not issue an environmental certificate for its Ajax copper and gold mine.

Benchmark copper on the LME settled up 1.4% to US$6,886 a tonne.

Alamos Gold (TSX,NYSE:AGI) has come out of the gate with an impressive feasibility study conducted on its Lynn Lake Gold Project in Manitoba.

The "32 T" is 3,000 times stronger than a small refrigerator magnet.

If a deal wasn't reached by December 15, the company was not going to be able to compensate local employees.

Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia's Pilbara iron-ore region, part of a cost-cutting program across its operations.

Newcastle, the world's largest coal export port, must "urgently" diversify its traffic, the port's incoming chairman has said, warning that the "long-term outlook for coal is a threat to the port".

The Russian company says more than twenty large rough diamonds over 50 carats have been extracted from its Jubilee pipe.

After years of near-death experiences, the story of Lonmin Plc is finally over.

Creation of digital bitcoins by computer networks has real-world consequences in form of massive energy use, including fuels that cause most pollution.

"We've been intensively focusing on how to manage future cobalt supply for a year now. Before, it wasn't clear just how quickly demand will accelerate."

Gold demand in most Asian centres firmed this week, spurred on by a dip in prices although buyers in the world's second-biggest consumer India held off buying in the hope of further falls.

On Friday, KGHM said it was considering next step after BC said it would not issue an environmental certificate for its Ajax copper and gold mine.

NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.

Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.

French bank Natixis has broadened its $32 million lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed.

Coal miners at ArcelorMittal's Kazakh unit ended their sit-in and emerged from the mines after offers of a pay rise and the threat of legal action.

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