miércoles, 17 de enero de 2018

Vale confirms talks with BHP over Samarco exit

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Mining News Digest
Thursday 18 January 2018
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During a meeting with investors and analysts in Sao Paulo, Vale's investor relations director, André Figueiredo, said it seemed "natural" for his company to become the sole owner of the project.

The miner and the current operating union re-established plant access through a road used during construction.

To date, the company has invested $45 million in Nicaragua, completed over 70,000 meters of drilling on its flagship La India asset, and produced two PEAs and a PFS.

Move seeks to ensure the sustainability of Namdeb land-based operations.

Conservative Diego Castro called environmentalist groups "eco-terrorists."

The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.

Gold's breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it's got room to run.

The deal frees the miner to apply for increase in production quota amid demand boom and surging prices for lithium, which is used in EV batteries.

The watchdog's mandate will be to help solve disputes or conflicts between communities and Canadian companies.

BHP's iron ore output climbed to 72 million tonnes for the three months ended Dec. 31 versus 70 million tonnes a year ago.

Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries.

Indonesia has now amended contracts of all 68 coal mining companies, marking victory for the government after earlier miner resistance to adopt to new terms.

Cochilco, Chile's state copper commission, raised its estimated 2018 avg price for the metal to $3.06 per pound from its previous forecast of $2.95.

Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world's major gold producers have cut back on mining deals.

The SEC had accused Rio Tinto, Albanese and Elliott of concealing the deteriorating value of assets at Rio Tinto Coal Mozambique.

"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.

The decline to 903,000 tonnes came despite the start of operations at a new wing.

Tahoe Resources Inc. welcomes the announcement today that Canada will establish the office of Ombudsperson for Responsible Enterprise.

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