martes, 22 de mayo de 2018

Cobalt price: Congo ebola outbreak compounds acute supply fears

Having trouble viewing this email?  View online
MINING.com - your source for global mining news
Africa News Digest
Wednesday 23 May 2018
Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America

WHO: Risk of international spread of deadly disease from Congo, responsible for 66% of global supply of critical battery raw material, is "very high".

With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.

Stone was recovered from the Neck zone of the Mothae kimberlite, not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.

MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.

The testing is part of the definitive feasibility study (DFS) for the project, poised to become Nigeria's first large-scale gold mine, and which is expected to come online in early 2020.

Britain's Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye's were down 4.9% in Johannesburg, even though the companies announced they had received the approval of the South African Reserve Bank (SARB).

According to the miner, five other rescued employees remain in a stable condition and are making good progress.

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.

The world's largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.

The 25.97-carat rough emerald is considered both "rare and exceptional" given its size, colour saturation and clarity.

Demonstrators say the mine, owned by Saudi billionaire Mohammed al-Amoudi, has caused pollution, brith defects and other health issues.

The deaths brings the number of people killed at the company's operations this year to at least 10.

Structural changes in the world's biggest importer, China, are re-shaping how the industry works.

The Australian-listed company expects to secure more than $55 million in funding for the first phase of the Arcadia Lithium project.

Zimbabwe will remove the clause from a mines amendment bill now before parliament, the mines minister said on Friday.

The coloured gemstone sector has no system, globally at scale, that allows gemstones to be confidently traced from mine to market.

Key to closing the deal is Lonmin maintaining its net cash position and achieving certain production targets.

President Emmerson Mnangagwa has been trying to shore up foreign investor interest in a country rich in mineral resources but starved of capital.

Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after violations led to losses in public revenues.

The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire.

Lundin Mining's board of directors, chaired by billionaire resources tycoon Lukas Lundin, refuses to invest in Eritrea.

Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe was ousted last year.

The charter lays out requirements for black ownership levels and other targets.

"Women's contribution to the mining sector is masked by the dominant reflection of men's roles in mining, often hindering their meaningful participation."

Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws.

The company had already lost between one million to 1.2 million tonnes of scheduled bauxite production because of the strike.

The Minister of Mines will work with the inter-ministerial commission ahead of presenting the 2018 Mining code to government for approval.

The proposed deal with Sibanye is conditional upon Lonmin retaining a positive cash balance by the time it is to close in the second half of the year.

Tanzania is seeking a bigger slice of the pie from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.

Thor Explorations' Segilola project would be Nigeria's first large-scale gold mine, and it's expected to come online in early 2020.

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

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

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.

Randgold Resources said today its 2018 production guidance remained intact despite a softer first quarter in which it contended with multiple challenges.

Seven mining companies submitted a proposal to the Mines Ministry insisting that the government reinsert a stability clause, contained in the 2002 code.

Mining production in March suffered its sharpest fall in two years and industrial output dropped, Statistics South Africa data showed on Thursday.

Bad news from South Africa's platinum belt has pushed shares of Impala to the lowest since 1999.

The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.

Congo accounts for around 60 percent of global supply – estimated at around 110,000 tonnes this year.

The company is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries.

Mugabe to face legislators over his previous pronouncements that the state had been deprived of at least $15 billion in diamond revenue by mining companies.

Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.

First Quantum said that Zambia's tax agency had demanded the taxes, saying they were on import duties, penalties and interest on consumables and spare parts.

Zimbabwe Mines Minister Winston Chitando said the country would generate revenue of $1.4bn over eight years from the Kamativi lithium project.

The accord comes as President Mnangagwa courts foreign investment to rebuild an economy that halved in size since 2000 under former President Mugabe.

The group is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic of Congo.

How a decrease in resources, increases need for novel talent not traditionally found in extraction.

Under the agreement begun in February 2016, Randgold held a 65 percent stake in the Kossanto West Gold Project licences, which will revert to Cradle Arc, now the 100 percent owner.

Recycling of local, treated water is part of a sustainable approach to minimize Platreef's environmental footprint.

1 Day Spot Gold Price
1 Day Spot Platinum Price
Find MINING.com on Facebook
Follow MINING.com on Twitter
Subscribe to the RSS Feed
Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America
This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine.
You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Africa News Digest". You mayunsubscribe at any time.
The information contained in “Africa News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Africa News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.

No hay comentarios:

Publicar un comentario

You have been invited to contribute to La Tota Tv

Hello, The purpose of this message is to inform you that La Tota TV has invited you to contribute to their blog "La Tota Tv"...