lunes, 28 de mayo de 2018

Canadian junior Millbrook aims to lead Cuba's mining pack

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Mining News Digest
Tuesday 29 May 2018
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In late April, Millbrook Minerals became the first copper-zinc explorer to sign an International Economic Association (IEA) contract with Cuba's GeoMinera, becoming the first Canadian firm to sign a deal with the Island since the mid 90's.

Large scale speculators in platinum futures go shortest ever as Europe industrial policy chief says "diesel cars are finished".

Worldwide there are over 30,000 exploration projects.

Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.

The Eliwana mine will help the company lift its iron ore grades and so satisfy the new demands of its biggest customer, China, which is increasingly asking for higher quality ore for steel mills to help cut smog.

Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.

A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index.

A planned LNG project alone would shrink the trade gap between U.S. and China by up to $10 billion a year says Governor Bill Walker.

It will expand to include more commodities, including zinc, lead, nickel, tin and silver, in the next step.

Yunnan Metallurgical Group, which controls Yunnan Aluminium Co Ltd, will be merged into China Copper Co, a joint venture between Chinalco and the Yunnan provincial government.

Resource industries are the backbone of Ontario's economy, representing an important source of greater living standards and well-being for all.

ArcelorMittal's South Africa unit will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner MacHold.

Guinea's President Alpha Conde appointed a new 33-member cabinet in which Abdoulaye Magassouba was retained as mines and geology minister.

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