miércoles, 4 de julio de 2018

Nautilus Minerals tanks on shipbuilding contract cancellation

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Mining News Digest
Thursday 5 July 2018
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Fresh setback for the company's Solwara 1 project, expected to be the world's first seabed gold, copper, silver mine.

"He's my favourite."

The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage.

Indonesia has extended an operating permit for Freeport's Grasberg copper-gold mine while discussions continue over long-term rights.

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.

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.

Despite bullish forecasts for global demand, lithium may have a funding problem.

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.

"Our target is to sell more than 1 million electric cars in 2025," VW brand head of sales Juergen Stackmann

Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday.

Its acquisition of oil sands assets last year from ConocoPhillips has propelled the company into the highest ranks of Canadian oil production.

Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencore's management will get bogged down in a lengthy legal process.

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.

Indians' love affair with gold is cooling.

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