jueves, 26 de abril de 2018

Eldorado scores win in row with Greece over projects

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Europe News Digest
Friday 27 April 2018
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Ruling rejects the Greek State's motion that Eldorado's technical study for a metallurgy plant in the country's Stratoni Valley, was in breach of any agreements between the parts.

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation's largest gold operation.

Copper production fell to 153,800 tonnes from 171,900 tonnes, due mostly to lower grades at the company's Centinela and Los Pelambres mines.

On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place.

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project's cash flow in the three-way deal.

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector.

A group of researchers from Berlin's Humboldt University published a study where they say that mining activities are the leading cause of social conflicts in Peru.

The company is negotiating the possibility of buying the government's 16 per cent stake in the Blanket project.

Europe's largest bank won't fund new coal power plants, oil sands and arctic drilling, except in Bangladesh, Indonesia and Vietnam.

Alrosa's production fell by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.

A planetary "embryo" gave origin to the meteorite fragments that form the Almahata Sitta collection.

Price surges nearly 5% to three-year high over worries that top producer Norilsk could befall the same fate as aluminum giant Rusal.

Davenport Resources reported a maiden Joint Ore Reserves Committee-compliant resource of 576.6-million tonnes at 12.1% potassium oxide at its Ebeleben mining licence.

Arctic Star reports positive results from The Timantti Diamond project.

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.

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

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.

Debswana, the joint venture between De Beers and the Botswana's government, is seeking permission to deepen the Jwaneng mine to 830 meters.

Solar made up 57% of last year's total for all renewables (excluding large hydro) of $279.8 billion. It also towered above new investment in coal and gas generation capacity, estimated at $103 billion.

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.

Silver Bear's first silver production should be expected early in the second quarter of 2018.

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.

French power company Engie SA is closing all of its coal-fired power plants in the country. It plans to replace the capacity with renewable energy.

At year-end, the company had net cash of more than $700 million and no debt.

A researcher was able to optimize single-molecule detection using gold nanorods.

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.

Its shares are still up more than 10 percent in 2018, outperforming a flat European industrial sector index.

KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes.

The move is likely to happen early next year and last for three months, after which pricing will return to the ring.

China already actively seeking opportunities.

"We cannot live with full confidence with the risk of being hit by those measures"

Chinese interest in Greenland comes after Beijing expressed ambitions to form a "Polar Silk Road" by developing shipping lanes opened up by global warming.

The agreement continues positive cooperation experience between the parties and expands bilateral interaction in line with new challenges of the market.

With Russian aluminium producer Rusal imploding in the wake of U.S. sanctions against its oligarch owner Oleg Deripaska, attention is now turning to the status of another Russian industrial powerhouse, Norilsk Nickel.

Coal, which fueled the world's biggest economies for more than a century, is increasingly losing out to renewables.

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