miércoles, 19 de septiembre de 2018

Eldorado demands $877m from Greece as compensation for permit delays

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Mining News Digest
Wednesday 19 September 2018
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The non-judicial request relates to damages suffered by the company as a result of a longer-than-expected wait for its Skouries project's permits.

Miner will ask shareholders at the annual meeting in October to vote to rename the company in an effort to emphasize its Australian roots.

Polyus.

Nickel has finally succumbed to the base metals price rout.

Botswana's economy is expected to expand by 4.5 percent this year.

Sibanye and Lonmin said in a joint statement they remained fully committed to the deal, which is expected to close by the end of the year.

Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country.

The Guatemalan unit of U.S. miner Tahoe Resources Inc laid off an additional 169 workers on Monday, two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine.

Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.

Rising U.S – China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion.

Companies including Glencore, China Moly and Randgold Resources Ltd. have criticized the new laws as violating their rights, as well as being a deterrent to future investment, and are continuing to lobby for it to be significantly modified.

A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit.

The Alliance for Responsible Mining (ARM) and RESOLVE have released a code to facilitate increased responsible sourcing from artisanal miners, while contributing to improved social and environmental performance of artisanal and small scale mining sector.

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