lunes, 18 de junio de 2018

Copper price and cars: Boom goes beyond electric vehicles

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Mining News Digest
Tuesday 19 June 2018
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CHART: By 2025 demand for copper from global vehicle market will double to 3.2 million tonnes.

The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,

First production from the Pilbara-based project, which it says it's one of the world's most technologically advanced, is expected in 2021.

Lucapa has a 35-year license for Lulo, which early last year bore a 404.2-carat white diamond, considered the largest diamond ever recovered in Angola and the biggest diamond ever found by an Australian company.

Hermosa Project.

The offer from Australian billionaire Gina Rinehart's Hancock Prospecting values Atlas shares at 17% more than price reached at Friday close.

During the initial phase of the project ASI will retrofit five Komatsu 930-E Ultra Class haul trucks to autonomous operation at the Arturo mine.

Since 2010, nearly 40 percent of the capacity of the nation's fleet of coal-fired power plants has either been shut down or designated for closure.

The Central African Republic (CAR) was banned from exporting diamonds in 2013 after rebels seized power.

Africa's most industrialised economy suffered power outages last week because of what Eskom had said was an "illegal protest action".

The 35-member union includes China Molybdenum Co.-controlled Tenke Fungurume Mining and MMG Ltd., as well as subsidiaries of China Nonferrous Metal Mining Group and Huayou Cobalt Co. Sicomines, among others.

One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.

"Look, it's a stream."

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

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