Glencore credits China's 'Blue Skies' program for strong H1

Having trouble viewing this email?  View online Asia News Digest Friday 10 August 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Glencore credits China's 'Blue Skies' program for strong H1 Protectionism could limit future growth. read » Graphite: China's H1 exports of natural graphite up 9% on previous year Demand for spherical graphite continues to grow rapidly for use in the anodes of lithium-ion batteries. read » Coal miners to see improved finances: Fitch The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong. read » Sole supplier puts cobalt (and EV) market at risk: IEA For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business. read » Massive gold treasure found in Kazakhstan Archaeologists unearthed 3,000 gold and precious metals objects and jewelry pieces. read » Rio Tinto down despite $7.2bn cash return to investors Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts. read » Caterpillar says tariffs will wipe out up to $200M Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019. read » India's state-owned miner to start digging for local gold Chigargunta-Bisanatham will be an underground mine and it would mark the first time the NMDC develops this type of operation. read » Peruvian mining society says approval of Quellaveco 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 » Tianqi goes ahead with $382-million Greenbushes lithium mine expansion The expansion, on top of a $238 million upgrade due for completion in April, will double the mine's production to 1.95 million tonnes a year of lithium concentrate a year from 2020. 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 » Germany to host Europe's first EV battery plant BMW already signed up as the factory's main client. read » Rio Tinto sells $3.5bn stake in Grasberg mine to Indonesian state miner The world's No.2 miner is selling its 40% in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining company PT Inalum. read » Russia's Rusal shuts down Nadvoitsky plant due to U.S. sanctions Russia's Rusal, the world's largest aluminium producer outside China, has started shutting down production at one of its smaller plants as a result of U.S. sanctions on the company, Rusal representatives said on Monday. Operations […] read » Copper supply woes on show with No. 2 mine output to halve Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations. read » More northeast China cities cancel alumina projects amid public backlash China alumina, aluminium output set for repeat curbs this winter. read » China's Shandong province cuts steel and coal capacity in environment plan Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year. read » India's Goa state to push federal govt to restart mining The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years. read » Indonesia unlikely to change coal supply, pricing rules until 2019 Any revisions would need to be discussed with the coal and power industry beforehand, and any impacts on state revenue would need to be calculated. read » Anil Agarwal given more time to make firm offer for Vedanta Resources He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion). read » Indian billionaire Anil Agarwal's moves on Anglo Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo-American. read » India's Adani sees six-fold rise in coal mining volume despite challenges in Australia Adani is looking to buy mines in countries such as Indonesia and is securing financing for its Carmichael mine in Australia amid challenges from environmental groups concerned about climate change and potential damage to the Great Barrier Reef. read » Ground water in Vedanta's Indian smelter contains heavy metals The smelter was shut down in May after 13 people died after coming under police fire during violent protests over alleged pollution. 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 » 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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