martes, 10 de abril de 2018

Chile mulls revision to mining code

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Mining News Digest
Wednesday 11 April 2018
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Authorities may consider potential revisions to the mining laws in order to make companies that already own concessions to work on them or else give them up.

A diamond drilling campaign is about to start at the Salobro Zinc Project.

The court accepted as valid arguments and evidence presented by community leaders who claimed that waste emissions from South32's Cerro Matoso nickel mine caused skin, lung and heart problems to people in the nearby towns.

Copper production will peak in the second half of 2019, making a growing supply deficit much more real.

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.

Anxious investors from Germany to China are seeking shelter in gold ETFs.

The LME will suspend Rusal's aluminium from its list on April 17 after some members raised concerns about settling LME contracts with sanctioned companies.

The next big thing for batteries may have fizzled out years ago.

The charter's problem areas included raising the target for black ownership to 30 percent from 26 percent.

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

Petra Diamonds said it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements.

Palladium's 20 percent fall from its January record high has put the metal in bear market territory.

Alrosa's total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.

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

Pro-mining votes seem set to benefit local companies and mining in streams and on mountainsides, not multinationals.

Once these projects are completed, Mantos Copper expects its production to nearly double to 165,000 tonnes annually.

Collahuasi, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper mines.

Rusal owns 20 percent of Rio's Queensland Alumina operation, of which Rio owns the remaining 80 percent.

Vanadium needs a big player in the global battery market to get behind the metal to share center stage with other energy-storage components such as lithium.

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

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