Indonesia extends Freeport operating permit for Grasberg

Having trouble viewing this email?  View online Asia News Digest Friday 6 July 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Indonesia extends Freeport operating permit for Grasberg Discussions over long-term rights should wrap up at the end of July. read » Rio Tinto says synergies, no Brexit behind decision to move sales team to Germany London-based sales and marketing staff to relocate to Frankfurt beginning September. read » Nautilus Minerals tanks on shipbuilding contract cancellation Fresh setback for the company's Solwara 1 project, expected to be the world's first seabed gold, copper, silver mine. read » Indonesia close to acquiring Freeport's Grasberg copper mine Indonesian minister says majority stake purchase of iconic mine seen valued at $3.5 billion to $4 billion. read » Billionaire Agarwal continues deal spree with Vedanta buyout Vedanta "can be the second- or third-largest resource company in the world." read » Centerra mine's future up in the air as Kyrgyzstan to review deal The parliament's revision of the strategic agreement, set for September, may lead to increased environmental payments for the Canadian miner. read » China's No.1 maker of battery cells for EVs to build plant in Germany A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry. read » Lithium demand from battery makers to almost double by 2027 Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill. read » Centerra delays completion of deal over Kumtor mine as Kyrgyz PM mull revisions 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. read » Global copper output up 7.1 pct in first three months of 2018 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. read » Newmont sells stake in Yanacocha gold mine to Japan's Sumitomo for $48 million 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. read » Australia's Mineral Resources drops out of race for Atlas Iron The company's withdrawal means all eyes are now on Fortescue, which still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sell its holding into Hancock's offer. read » Indian regulator approves Nutrien's sale of stake in SQM to Tianqi The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China's Tianqi Lithium. read » Iron ore magnate Rinehart offers $290 million in cash for Atlas The offer from Australian billionaire Gina Rinehart's Hancock Prospecting values Atlas shares at 17% more than price reached at Friday close. 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 » Thyssenkrupp shareholder Cevian calls for further restructuring after steel JV Thyssenkrupp's joint venture with Tata Steel – to be named Thyssenkrupp Tata Steel – will have around 48,000 workers and about 17 billion euros in sales. read » Tenaris laying off Canada workers as Trump's steel tariffs bite Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports. read » Mongolian parliament OKs plan to sell 30% of Tavan Tolgoi Mine Mongolian lawmakers approved a plan to sell up to 30% of the troubled Tavan Tolgoi coal mine in the Gobi desert. read » Philippine miners call for end of ban on big new projects Miners are urging the government to lift a six-year ban on large-scale projects in the Philippines after the state removed restrictions on smaller ventures. read » The quest to find a trillion-dollar nuclear fuel on the moon India's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and determine the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars. read » China's Zhejiang Yongjin to launch $276m stainless steel project The project is scheduled to launch by the end of 2020, producing high-quality stainless steel strips with an annual capacity of 680,000 tonnes. read » S.Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office. read » Indians are falling out of love with gold — and millennials are partly to blame Indians' love affair with gold is cooling. read » The Saudis won't prevent the next oil shock Unless demand falls back, or some of these outages dissipate, oil prices could be heading much higher. read » Swedwatch report highlights human rights risks in sale of mining equipment to Myanmar  Irresponsible jade extraction has led to extensive human suffering and environmental degradation in Myanmar's conflict-affected Kachin state. read » Read more Asia news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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