jueves, 22 de febrero de 2018

Apple in talks to buy cobalt directly from miners — report

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Mining News Digest
Thursday 22 February 2018
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Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Goderich has undergone a modernization process in the past six years, which requires less manual labour.

Winning bidder for Michiquillay project says production will start in 2025 to become one of the largest mines in the world's number two producing country.

India's decision to allow private and foreign companies to bid for coal mines without any end-use or price restrictions is likely to lure foreign mining giants, currently swimming in cash.

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Barrick Gold's Goldstrike mine complex and Newmont's North and South Carlin complexes are located in this area.

Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru

Russia has overtaken China as the fifth-biggest sovereign holder of gold.

The mining industry is awash with cash, and so far it's got two main uses — pay down debt and reward investors.

Fortescue Metals was hit by weak prices for its lower quality iron ore, and said it remains focused on cutting costs, including lining up cheaper debt.

Financial market volatility spreads to gold.

The Multiflo® RF range includes seven new units, each designed to maximise efficiency no matter the application.

China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory.

Glencore drops 11% in brand value after various allegations against it in the Paradise Papers.

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