martes, 24 de julio de 2018

Canada scaring mining investors with long, unclear permit processes

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Mining News Digest
Wednesday 25 July 2018
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Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to $3.

Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.

Executives who work for companies in the mining and metals sector nabbed 44 spots on the list.

Water pump test results show that the groundwater source can fully support the water requirements for the Phase I Project.

The Stoxx 600 basic resources index rose as much as 4.7 percent, the most intraday since November 2016.

Brazilian authorities ordered Hydro in February to slash output from Alunorte, the world's largest alumina refinery.

The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.

Adani is looking to buy mines in countries such as Indonesia and is securing financing for its Carmichael mine in Australia amid challenges from environmental groups concerned about climate change and potential damage to the Great Barrier Reef.

Bryah Resources has one-year exploration option on Horseshoe South Manganese Mine, a large mine that produces about 1 million tonnes of manganese ore.

Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down.

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