jueves, 11 de enero de 2018

Huge silver deposit discovered in Inner Mongolia

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Asia News Digest
Friday 12 January 2018
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Chinese media is reporting that a large deposit of silver has been found in the autonomous region of Inner Mongolia.

This is the ninth consecutive year the Canadian miner achieves record annual gold production.

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

The Sanchi collided with a cargo ship about 260km off the coast of Shanghai.

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.

Markets where technology hasn't substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices

Protesters met with authorities but no agreements were reached, so rallies are set to continue.

The state-owned company plans to open up 12 new mines.

Affiliate of Qatari conglomerate Aamal Co plans to build three factories to produce copper wires, aluminium bars and drums for cables.

China told the WTO it would stop accepting certain types of foreign solid waste, including metals, in 2018 if they didn't meet stricter impurity thresholds.

Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.

Physical gold demand across Asia remained subdued this week as prices rallied to a three-and-a-half-month high, keeping retail buyers away from the market.

Cold weather is expected to hit regions across China in the coming week, bringing snow and rain that may cause disruptions at construction sites, one of the biggest consumers of steel.

The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations.

Bullion for immediate delivery advanced 0.9 percent to $1,315.08 an ounce at 2:15 p.m. in New York, according to Bloomberg generic pricing.

The rebound in purchases by India could support global prices, which are already near their highest levels in three months.

6 Months Thermal Coal CAPP Price
6 Months Tin Price
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