miércoles, 6 de junio de 2018

It was a great first quarter for battery material financings

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Mining News Digest
Thursday 7 June 2018
Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver

Lithium, copper and nickel.

Net inflows into gold-backed exchange traded funds rose again in May, lifting value of private bullion to $103 billion, highest since 2013.

Up 8% at the open after intersects add more bulk to already massive Cascabel copper-gold project in north of South American country.

The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.

Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.

Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.

President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.

Multiple parties, including private equity firms such as Apollo and energy companies, have bid separately for individual packages of shale real estate.

The country's gold imports in the first five months of 2018 fell 39.4 percent from a year ago to 274.2 tonnes, data compiled by GFMS showed.

Global miners face a new reality in Brazil as local, judges included, react quicker and more ferociously to legal infractions.

The South African company, which competes with AngloGold , Gold Fields and Sibanye-Stillwater at home, sold 55 million new shares, or 15 percent stake, at 19.12 rand each, an 11.7 percent discount to the closing price on Tuesday.

Chinese jewelry sales are a key component of global demand for both physical gold and platinum, accounting for 14% and 16% of consumption respectively.

Up nearly 4% after union at world's only 1 million tonne copper mine demands owner BHP makes biggest bonus payout ever to Chilean mineworkers.

Mining companies would have have to contribute 1 percent of their annual turnover to a new community development agency.

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