jueves, 26 de julio de 2018

Rio Tinto says synergies, no Brexit behind decision to move sales team to Germany

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Europe News Digest
Friday 27 July 2018
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London-based sales and marketing staff to relocate to Frankfurt beginning September.

The Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey.

The president of Peru's National Society of Mining, Petroleum, and Energy said the project will create 9,000 jobs during its construction phase and additional 2,500 once it goes into production.

Production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, as higher output at its Centinela and Antucoya mines mitigated declines at Los Pelambres and Zaldívar.

From the $939bn invested in major projects between 2008 and 2017, the world's top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

The Dmitrii Donskoi is believed to have sunk in a naval battle 113 years ago, carrying the treasury of the entire flotilla, which would have included port expenses, as well as salaries of sailors and officers.

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.

BMW already signed up as the factory's main client.

The sentences range from 15 to 22 years in jail for high-ranked executives.

Jonathan Henry has resigned from his position as President, CEO and as a Director of Gabriel to pursue other opportunities with immediate effect, the company said.

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.

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.

Platinum prices drops 5% on Monday to lowest since July 2004 as US–Europe car trade spat adds to precious metal's woes.

The Vancouver-based miner wants to identify new drilling targets at its Slättberg project.

The figure, though significant, is minor when taken in the context of Codelco's $18 billion investment plan aimed at upgrading its aging mines and dealing with dwindling ore grades.

The parliament's revision of the strategic agreement, set for September, may lead to increased environmental payments for the Canadian miner.

A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry.

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.

The explosion in cobalt prices over the past two years has made the metal enticing for crooks, with each ton fetching $82,500.

The case will undoubtedly frustrate attempts to bring criminal charges against them and drag out proceedings for months, if not years.

The government will close the mine until an investigation is complete and it gets the conclusions of international experts.

A final deal has been signed for the sale of German copper products company Mansfelder Kupfer und Messing (MKM) for 80 million euros ($94 million).

Renault SA and rival French automaker PSA Group unveiled plans for new electric car-sharing services in Paris just days after Mayor Anne Hidalgo pulled the plug on an operation backed by Bollore SA.

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

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.

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.

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.

This investment will greatly impact the company's operations in the U.S. and drive Liebherr's strategy for long-term growth. With shovels in hand, Mrs. Sophie Albrecht, Jan Liebherr, Newport News Mayor McKinley Price, Managing Directors of Liebherr USA, Co., its building partners and government officials broke ground during the ceremony.

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