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

Having trouble viewing this email?  View online Europe News Digest Friday 27 July 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America 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 » Eldorado expects higher gold production in 2018 The Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey. read » Peruvian mining society says Anglo-Mitsubishi project marks a new era for the country 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. read » Antofagasta copper output up in Q2 despite Los Pelambres pipeline issue 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. read » Miners wrote off almost one-third of investments over last decade 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. read » Wreck of Russian warship carrying $130bn in gold found off South Korea 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. read » LME to launch monthly 'implied pricing' for base metals 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. read » Nevsun passes on Lundin's $1.4 billion fresh takeover bid 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. read » Germany to host Europe's first EV battery plant BMW already signed up as the factory's main client. read » Five top mining execs. convicted over Turkey's worst mine disaster The sentences range from 15 to 22 years in jail for high-ranked executives. read » Gabriel Resources President and CEO Jonathan Henry leaves the company 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. 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 » 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 » 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 » Sienna looks for cobalt in Sweden The Vancouver-based miner wants to identify new drilling targets at its Slättberg project. read » Chile injects $1bn into state-owned copper giant Codelco 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. 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 » BHP to sell onshore U.S. assets for $10.8 billion 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. read » Thieves jump on cobalt craze with $10m warehouse heist The explosion in cobalt prices over the past two years has made the metal enticing for crooks, with each ton fetching $82,500. read » How mining tycoons are trying to foil a big UK bribery probe The case will undoubtedly frustrate attempts to bring criminal charges against them and drag out proceedings for months, if not years. read » Four miners killed in Georgia in coal mine accident, officials say The government will close the mine until an investigation is complete and it gets the conclusions of international experts. read » KME buys German copper product producer Mansfelder Kupfer 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). read » Renault, PSA unveil plans for electric-car services in Paris 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. read » VW to start electric car-sharing service to boost lineup "Our target is to sell more than 1 million electric cars in 2025," VW brand head of sales Juergen Stackmann read » US probe darkens Glencore horizons from Africa to Americas 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. 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 » 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 » Liebherr USA Co. celebrates the groundbreaking of its new headquarters in Newport News, VA. 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. read » Read more Europe 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. 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 Europe News Digest". You mayunsubscribe at any time. 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