viernes, 18 de mayo de 2018

Glencore drops as British regulators looming probe adds to Congo issues

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Mining News Digest
Saturday 19 May 2018
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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.

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.

There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.

SQM shares plunge after Tanqi Lithium acquisition seems to indicate cooling fervour for lithium assets.

The World Gold Council today launched an essay collection, Gold 2048, analyzing how the gold market is set to evolve in the next 30 years.

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

Chinese cobalt producers such as Jinchuan Group and Wanbao Mining said they were ramping up production to sate an anticipated demand boom from EVs.

Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.

 The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe.

The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.

Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the US deems essential to national security.

The unit has been shut for more than 50 days.

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

China will take steps to bring down coal prices because the recent rally is not supported by market fundamentals.

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

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