viernes, 6 de julio de 2018

Copper giant Chile gets ready for second round of labour talks

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Mining News Digest
Saturday 7 July 2018
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From the 32 contracts set to expire in 2018 at Chilean mines, there are still a dozen to be negotiated before year-end.

MGX Minerals is rolling out technology that cleans and harvests lithium from wastewater generated by oil and gas – 80m barrels a day in North America alone.

Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.

Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines – Bulyanhulu and Buzwagi – were scaled back.

Bears ignore soothing words about US-China trade war dropping copper to near 1-year low in frenzied trade.

Labor negotiations are entering into the final three weeks before a 30-month contract expires at the end of July.

The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans.

The rupee hit a record low in the last week of June and has lost nearly 8 percent so far in 2018. Local gold prices have risen more than 5 percent.

Mantos Copper bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $200 million in conditional future payments.

Donald Trump's attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.

The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.

Beijing Electric Vehicle Co.,is preparing for a stock-market listing and starting a battery-swap service to reduce customers' range anxiety and keep up with similar offerings from rivals.

The move represents a big bet by BP on U.S. oil and gas production at a time when energy prices are rebounding.

SYNTHdetect, launched last year, is the first synthetic diamond screening device.

Glencore Plc will buy back as much as $1 billion of its shares, a move that may soothe investor concerns after the world's top commodity trader was hit by a U.S. Department of Justice probe earlier this week.

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