viernes, 3 de agosto de 2018

Rising oil prices threaten to erode mining sector's profitability

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Mining News Digest
Saturday 4 August 2018
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Miners use heavy fuel oil to generate electricity at remote sites; they also use it for transport, with large trucks and other equipment.

The U.S. Environmental Protection Agency says it is still reviewing about 380 claims for lost income, fallen property values and other losses.

The company said that the Dynasty diamond "is the purest of all large diamonds manufactured throughout the Russian jewelry history."

Price for scarce precious metal rhodium is up 270% in two years.

Venezuela's once prosperous economy destroyed by corruption and mismanagement.

By value, mineral exports are expected to increase to $30 billion from $28.37 billion last year.

The global fleet of electric vehicles is likely to more than triple to 13 million by the end of the decade from 3.7 million last year.

Short selling of shares in lithium miners SQM, Albemarle, Galaxy and Orocobre has ballooned this year, reflecting a sign of growing scepticism.

Earlier this year, the company said it would aim to produce up to 15 percent of global antimony output, used primarily to make fire retardants and batteries.

The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years.

Sibanye-Stillwater is due to report half-year results on August 23.

China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas to some aircraft.

The gold miners' stocks have suffered a psychologically-grating year so far.

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