viernes, 23 de marzo de 2018

Companies now looking for electric battery metals in the garbage

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Mining News Digest
Saturday 24 March 2018
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Soaring cobalt and lithium prices are pushing some companies to dig for them in the recycle bin, which some believe could be even more profitable than mining them.

Following a community outcry, Aben Resources and Eagle Plains Resources decided to suspend their planned drill program at the Chico Gold Project.

GFG says this is the first ever systematic, district-scale exploration program in an under-explored portion of the Abitibi greenstone belt.

The Nicaragua-focused miner has not generated any revenue in the past two years, but narrowed pre-tax loss to £3 million in 2017 from £7.7 million a year earlier.

With few exceptions, no one knew about this gem's existence.

Company is growing its Virginia facility, which will cover over 251,000 square feet once completed.

The decision was made to reflect a challenging "shareholder experience" and operations at some mines.

Trump said the agreement "would be a wonderful deal with a wonderful ally."

Mounting economic and geopolitical tensions fueled demand for the metal as a haven.

Physical gold demand in Asian hot spots slouched this week as higher global prices made buyers hold off on purchases.

Major international investors in Congo say the new code will scare off investment and violate existing agreements.

Glencore defended working conditions at its mines in Congo after an international labor federation said its employees are poorly treated and underpaid.

Britain plans to phase-out coal use at its power stations by 2025 as a part of its efforts to meet its climate targets.

The juniors' recent Q4 results proved quite strong.

Rio Tinto expects the global iron ore market to stay balanced through 2019 despite a likely moderation in steel demand growth in China, the world's biggest steel consumer.

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