miércoles, 10 de enero de 2018

Electric cars market threatened by potential cobalt tax hike in Congo

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Mining News Digest
Thursday 11 January 2018
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The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.

Together with hundreds of people, exotic animals arrived in California during the Gold Rush of the 1850s.

The Vancouver-based company announced the immediate reduction of underground mining operations and workforce at its True North mine.

Fruta del Norte is expected to produce 340koz of gold per year over 13 years.

The company is looking in Canada, the world's No. 3 cobalt producer.

The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.

Minerals Council of Australia's pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.

The Russian Federal Anti-Monopoly Service is investigating forthcoming sale of natural gas assets by producer Alrosa after a complaint from would-be buyer.

Gold stocks blew past their 200-day moving averages, gold over $1300/oz. Now let's take a technical look and focus on key support and resistance targets.

The Falkenhain deposit, in the German state of Saxony, is located about 5 km from another Bacanora asset in Germany — the 50%-owned Zinnwald lithium project.

Liberty House is the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance and Rio's aluminium smelter in Dunkirk, France, is the largest in Europe.

The Egypt-focused gold miner also expects solid growth this year. It's targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.

Codelco will invest $250 million to modify the shape of the current pit.

This decision by the Mining Engineering and Management Department will increase research opportunities and funding, and develop critical collaborations.

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