viernes, 11 de mayo de 2018

Chile’s Caserones copper mine a pain in the neck for Japanese owners

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Mining News Digest
Saturday 12 May 2018
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The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.

The agreement is aimed at ensuring that the Indigenous group receives a share of the mineral tax revenue collected from the Brucejack Gold Mine.

Decision follow relentless protests in a town near the mine, where locals accuse the company of polluting their source water and the air, causing humans and animals respiratory illnesses, miscarriages, birth defects and disabilities.

Votorantim said profit was also boosted by sales growth in its aluminum and cement businesses.

The project joins two mines – one belonging to Goldcorp and the other to Teck Resources.

India's rising coal imports are contributing to higher demand across Asia this year.

The metals business is one of the largest copper, zinc and lead concentrates merchants worldwide, according to Louis Dreyfus.

A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution.

The results of the latest MPi poll suggest mining employees send employers misleading signals about their expectations for pay.

Majority of scientists classify nuclear as a sustainable and safe energy source, along with other renewables.

Companies have said the cycle of double-digit, above-inflation pay hikes cannot be sustained, unless prices rise considerably.

The world's second-largest platinum producer posted an ad on Friday in the local Mail & Guardian newspaper seeking tenders for the project.

The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges.

Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.

Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.

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