jueves, 28 de junio de 2018

Equity fund buys Ireland-focused Dalradian for Cdn$537m

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Europe News Digest
Friday 29 June 2018
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Shares in the gold miner went ballistic over the news, jumping around 52% in London and more than 59% in Toronto.

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.

It means the company can now begin limited production, with increased feed to the mill expected in a couple of months.

BHP says it has not received any formal communication regarding the legal actions.

According to WWF, Germany's CO2 emissions have not dropped for nine years.

Battery materials can charge mining's next supercycle but new study says automakers will "throw away tens of billions" making electric vehicles no-one wants.

Deadline for fulfillment of all conditions included in agreement with the Kyrgyz government, which would end all disputes over the firm's Kumtor gold mine, has been pushed back about a month.

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world's leader Chile.

Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Shares in Sirius Minerals (LON:SXX) were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn't fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel's case can't be solved that way any longer.

Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm's stake in the venture to 40%.

It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.

Prime Minister said he would submit tom parliament his own 'proposals' over a settlement reached last year, which would end long-dragged disputes between the company and the country over Kumtor gold mine.

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

China now has the fastest development of EVs in the global market.

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

The activists protested against the Salamanca project, Berkeley Energia's flagship mine located on the Retortillo-Santidad uranium deposit.

Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions.

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.

Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012.

Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it's been increasing its gold shares in its international reserves.

Italy's new government has postponed its handover of the heavily polluting Ilva steel plant to ArcelorMittal by two and a half months to Sept.

KGHM has not had a CEO since Radoslaw Domagalski-Labedzki was fired on March 10.

"The plant has demonstrated that it can operate at planned hourly production throughput capacity."

Petropavlovsk's largest shareholder, who is calling for an overhaul of the board, plans to sell the company's stake in an iron ore unit and draw up gold sector deals.

The country cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals.

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.

The mine of the future is carbon-dioxide-free, digitized and autonomous.

The collection consists of 32 round diamonds, 0.3 carats each, named after the countries – participants of the World Cup.

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