jueves, 1 de marzo de 2018

SQM talks down lithium oversupply, says market to grow 80% a year

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Mining News Digest
Friday 2 March 2018
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According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

Darien Resource Development has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile.

"Our optimistic outlook for the rand will shift our existing positive view on South African gold miners over the coming years," says the market research firm.

Funding for the project has not been secure yet, though the miner is in talks with Newfield Resources over a possible offer.

With the deal, FLSmidth has taken over the Swedish equipment and tool manufacturer's continuous surface mining and minerals handling technologies.

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

Rough year shuffles ranks of global gold mining giants as Freeport makes a comeback – 2018 forecasts point to another tumultuous year.

The U.S. oil and gas industry slammed Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.

The president of the union for Los Pelambres, a unit of the local group Antofagasta, said the company's proposal would be finalized no later than Friday.

The Three Kings (Franco-Nevada, Royal Gold, and Wheaton Precious Metals) are the non-media grabbing bankers in the mining sector.

Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal by the middle of the decade.

Latin America recorded 246 conflicts in mining regions in 2016, more than double the number in 2010.

China has indicated it could retaliate against US steel tariffs by targeting imports of US agricultural commodities.

The deal confirms the company's tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.

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