jueves, 12 de abril de 2018

Agarwal offers Anglo help in tapping India's 1.3 billion people

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Asia News Digest
Friday 13 April 2018
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The mining tycoon wasn't explicit about whether he wanted to assist Anglo with increasing sales to India or to start operating mines there.

Increasing disposable income in emerging economies and the adoption of greener technologies, are the two factors to drive most of the expected increased demand in copper during the next five years.

Rapaport expects polished trading to continue slowing in the coming months.

The Farnese Blue, passed down through European royalty, goes on sale for first time as part of a Sotheby's auction to be held in Geneva, on May 15.

The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it'll reap little benefit from staying on as a member.

South African engineering and construction group, currently subject of a takeover bid from Germany's ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.

The maintenance activity, originally scheduled for April, comes amid media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter.

The blue Nassak, also called 'Eye of Lord Shiva,' is a 43.38-carat diamond.

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.

Geopolitical turmoil not piercing bullion markets yet – gold in tightest weekly trading range in percentage terms since 2012; in dollar terms since 2007.

German researchers say cobalt-free battery technologies — including post-lithium technologies based on non-critical elements — are the best way to avoid supply issues in the long term.

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

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

The Russia-China Investment Fund for Regional Development will kickstart the financing for a uranium mining project.

Reactions continue to pour in following U.S. President Donald Trump's imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.

Researchers from Fudan University and the University of Science and Technology of China tried curing blindness using gold and titanium.

The market intelligence firm says global nickel ore production growth will continue to accelerate in 2018 as major producer countries see a recovery in production levels following subdued output in 2017.

Brazil, Argentina, Japan and the EU have expressed concerns about the measure.

The Erdenet mine produces 530,000 tonnes of copper concentrate a year.

The past couple of months have featured a broad retracement of the metals complex, away from the recent highs.

In 2016, the most recent year from which data is available, 19.6 trillion won ($18.38 billion) worth of metals were extracted from recycled materials.

International prices, which have shot up more than 10 percent since the sanctions were announced, will have to rise further to lure exports from China.

Miners were forced to curb spending by a collapse in commodities prices in 2015-16, but a partial price recovery since then has eased the pressure.

Vedanta could accelerate expansion of its African zinc operations to take advantage of strong prices.

The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper and coal, operating in more than 40 countries.

In 2017, the kingdom created DANAT, the Bahrain Institute for Pearls & Gemstones.

LG Chem to raise $224.8 mln by 2020 to set up two JVs.

Global iron ore miners have turned off the tap on adding new production capacity to feed China's steel mills.

Beijing has sought consultations with the United States, the first step in a WTO dispute, over its announced tariffs on $50 billion worth of Chinese imports.

Stars-turned-politicians are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns.

New trade measures effective Monday.

The two countries on 30 March signed a Memorandum of Understanding focusing on geology and development of mineral resources and civil aviation.

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.

The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law.

Bumi expects coal prices to increase by 5 percent this year over last year's level of $58 per tonne.

Shanghai rebar surges 4.4 pct after Handan steel, coking cuts.

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.

The review by the Mining Industry Coordinating Council is now set to take six months instead of three, according to the Department of Finance.

The company amended its guidance to around 65 per cent of the average benchmark Platts 62 CFR index.

Coal prices were supercharged last year as China pressed on with efforts to cut overcapacity.

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

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

China's decision will take effect if no agreement is reached with the U.S.

Chalco increased net profit by 274 percent last year as supply-side reforms and an environmental crackdown lifted aluminium prices.

Indonesia's state mining holding company expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc.

The London market is only one half of the picture when it comes to tin price signals. The other, very different half is located in Shanghai.

It could take up to 90 days to make determinations.

Xi said both countries should cooperate despite ideological differences.

Alumina refineries and aluminium smelters in parts of China cut production by 30% during November to March as part of a campaign against air pollution.

Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year.

Chile development agency Corfo filed a complaint last week to block the sale of a 32% stake in SQM to China's Tianqi Lithium or any related entities.

Costing between $4-8 trillion and affecting 65 countries, China's ambitious One Belt, One Road (OBOR) initiative is the granddaddy of all megaprojects.

China's state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia.

Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in Congo after only buying copper from the company for the past four years.

The cap, which was set at $70 per tonne for two years for coal with a calorific value of 6,322 kilocalories, will now apply from March 12, revised from Jan. 1, 2018 previously.

Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex.

Chile's antitrust regulator FNE will need to review the complaint.

Even as China's government tries to cut the use of dirty fuels, coal still accounts for a majority of the country's power.

The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi.

This month Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.

Japan's third-biggest copper smelter said it plans to produce 187,374 tonnes of refined copper during April-September.

Metso is addressing the growing demand for crushing and screening plants in the Indian market by expanding its production capabilities in Alwar. This latest investment increases Metso's crushing and screening plant production capacity in India by 35 percent.

Nominated by industry peers and chosen by an esteemed panel of judges, these awards are designed to recognize excellence and outstanding achievement over a wide cross-section of the Asia Pacific mining and investment sector.

These are projects driven from Australia, involving an Australian mining company and (in most cases) an Australian engineering consultant. 

A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.

After BMO's star analyst published bullish research notes on vanadium in January (2018), the price of vanadium pentoxide (v2o5) went up another 55%.

Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week.

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6 Months Tin Price
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