jueves, 19 de abril de 2018

Next phase at one Australia’s largest copper-gold projects OK’d

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Australia News Digest
Friday 20 April 2018
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Permit allows Oz Minerals to start phase two of construction at Carrapateena copper-gold project, in South Australia, this month.

Merger creates a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.

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.

Sayona is expected to make an announcement regarding the capital it needs to raise to complete a definitive feasibility study for the Authier Lithium Project.

A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.

The price of zinc fell to a four month low on Thursday – there's much more pain to come says new report.

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.

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.

While appetite for copper-mining assets is picking up, a supply crunch is imminent, experts say.

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.

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.

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

"The recovery of micro-diamonds is extraordinary," said Lithoquest's President and CEO.

Companies are teaming up to develop one of the country's newest gold mine, the Asanko Gold Mine (AGM).

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 combination of the two companies will result in a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.

The accident killed 19 people, left hundreds homeless and unemployed and caused sludge to wash downstream into the neighbouring state of Espírito Santo.

Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.

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.

Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.

The company has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida.

The company's Dumont cobalt and nickel project in Quebec is the world's largest undeveloped reserve of both metals, with over 1 billion tonnes of reserves and a 33-year mine life.

The acquisition includes Rio Tinto's 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.

But according to the updated feasibility study total capital expenditure for the life of Wafi-Golpu mine will fall by about the same amount to $5.5 billion.

The Perth-based miner plans to raise its Australian manganese production by 6 percent to 3.3 million wet metric tonnes.

Spodumene is a mineral mined as a source of lithium, a key ingredient in electric vehicle batteries, for which China is the world's biggest market.

It expects to have sold 90% of its nickel sulphate supply by the end of 2019, two years earlier than anticipated.

The Anglo-Australian miner maintained its guidance for this year of 330 million to 340 million tonnes.

The tenements are within the Leinster Nickel Project, located in granites and greenstones of the Achaean Kalgoorlie Terrane.

Almost all of Rio's aluminium production comes from a joint venture with Rusal in Australia.

The project, being considered by the federal government, may cost as much as A$5 billion ($3.9 billion), according to one industry estimate.

A key feature of the annual Mines and Money Asia conference, which took place in Hong Kong last week, was the announcement of the official winners of the Mines and Money Asia Outstanding Achievement Awards […]

Proxy adviser Glass Lewis criticised the firm for paying out bonuses in 2017, a year when two employees died at work.

The claims are located in the Cobalt-Gowganda mining district.

Queensland coal and mineral exports grew by $5.6 billion over the last 12 months.

Located in Greenbushes, Western Australia, the Talison Lithium mine is a leading producer of lithium in Western Australia. The lithium mined is used in batteries for consumer electronics, electric bicycles, buses and passenger vehicles. It is also used in aerospace alloys, wind turbines, glass and ceramics.

All that can be said with confidence is that, for the next few years, both supply and demand will grow strongly.

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.

The company expects to be at full mining rates within the coming weeks.

New research centre has been established to help reduce the cost of mineral exploration in Australia in order to boost output.

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