miércoles, 9 de mayo de 2018

Nutrien speeds up sale of $4bn-stake in Chilean lithium giant SQM

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Mining News Digest
Thursday 10 May 2018
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The world's largest potash miner said it expected to have an announcement on the matter by the end of June.

Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.

Construction of a new open pit at the mine has been delayed until further notice.

The approval was the final government agency's permission the parties required to close the deal.

The $38-million investment will give Barrick an almost 20%-stake in Midas Gold.

North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.

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.

Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.

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.

Prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows.

Winter drilling has identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake Deposit discovered by Seabridge in 2012.

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