Glencore hammered as US requests documents in corruption probe

Having trouble viewing this email?  View online Mining News Digest Wednesday 4 July 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Glencore hammered as US requests documents in corruption probe Shares fell as much as 13% after the miner and commodities trader was told by US Department of Justice to produce documents on Nigeria, Congo and Venezuela. read » Gold price 'cleared for rally' after hedge funds dump 700 tonnes Large scale gold price speculators have cut bullish positions to levels last seen at the end of 2015 when gold hit a 6-year low of $1,050 an ounce. read » Quebec lithium stock jumps on Korea deal Canada's Nemaska Lithium now has agreements in place for 90% of production from its Whabouchi hard rock mine and processing plant. read » Brazilian ex-billionaire Batista sentenced to 30 years in jail for bribery Eike Batista, who was once one of the richest men in the world, was found guilty of bribing former Rio de Janeiro governor Sergio Cabral in exchange for contracts. read » LME to get tougher on cobalt companies with ties to the DRC Starting next year, it will demand firms that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit. read » Newmont's Twin Creeks achieves commercial production All-in sustaining costs of between $650 and $750 per ounce. read » Anil Agarwal faces shareholder resistance to $1 billion Vedanta bid Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private. read » Spanish cattle farmers are worrying about nearby uranium mines The company says it will become a key supplier of fuel as governments recognize the role nuclear power will play in efforts to promote ways to generate power that cause less pollution. read » Outage in Canada's oilsands is pushing U.S. crude to four-year high Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted U.S. crude to 3-1/2-year highs. read » Burning villages, ethnic tensions menace Mozambique gas boom Women's cries just after 1 a.m. confirmed Barnabe Samuel Mussa's worst fears — an attack was underway. read » Sibanye cuts South Africa gold output forecast after deaths Sections of Sibanye's Masakhane mine, where an earth tremor resulted in the death of seven workers, have been shut for rehabilitation until February. read » Bankers have gone AWOL in the race to build more lithium mines Despite bullish forecasts for global demand, lithium may have a funding problem. read » CHARTS: Halfway through 2018 and the mining rally is over "China's buoyant mood is giving way to concerns around tightening credit and a slowing manufacturing sector." read » Commodities face a twin threat, Morgan Stanley says Amid the warnings, copper was listed as the top pick after palladium. read » Platinum price plunges to 14-year low Platinum prices drops 5% on Monday to lowest since July 2004 as US–Europe car trade spat adds to precious metal's woes. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Mining News Digest". You mayunsubscribe at any time. The information contained in “Mining News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Mining News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.