miércoles, 14 de marzo de 2018

Gem Diamonds soars as it finds seventh giant rock this year

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Mining News Digest
Thursday 15 March 2018
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It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

The Mayor of the city of Quilpué rejected the proposal.

The company now has an extraction quota of 88,885 metric tonnes of metallic lithium.

Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.

The blended company will have projects in Ontario and Idaho which, once in operations, could be major cobalt suppliers for EVs makers and high tech firms.

Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract through July 31 of this year instead of replacing it.

Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.

The world's biggest producer of cobalt has agreed to sell around a third of its cobalt production over the next three years to the Chinese battery recycler.

"The financial markets continue to expect an aggressive Fed going forward with four—even five—rate hikes this year and a continuing shrinkage of its balance sheet. Given this, gold has held up pretty well."

The relentless climb in China's port inventories of iron ore may not be as worrying to the market as they appear, more a reflection of a change in dynamics than anything else.

The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.

MIT scientists describe fusion power as a potentially "inexhaustible and zero-carbon source of energy."

The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.

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