miércoles, 26 de septiembre de 2018

First Quantum, Panama studying ruling that casts doubts on copper mine

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Copper News Digest
Thursday 27 September 2018
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The country' Supreme Court ruled Monday that Law 9, used to grant the mining concession for Cobre Panama copper project, was unconstitutional.

Deal with Luminex gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three copper and gold concessions in Ecuador.

Moves follows a growing number of world's top miners returning more money to investors this year.

From focusing on copper and uranium in Saskatchewan, Forum now wants to work on extracting a wider array of minerals in the US.

Copper nanoparticle ink can be used to print cheaper electronic circuits.

Pumpkin Hollow goes into production next year, but the underground mine is only the first phase of a planned Nevada copper operation four times the size.

Polyus.

The proposed tax, to be applied on the nominal value of extracted metals, would affect copper miners that produce more than 12,000 tonnes of the metal and those extracting 50,000 tonnes of lithium a year.

Company won't have to cut output at its central BC-based copper-gold mine, at least for now, as it has been granted approval to use certain short-term water sources.

Top four mines are all located in the Democratic Republic of the Congo.

Other companies interested in partnering with Teck include Freeport-McMoRan, China's Aluminum Corp of China (Chinalco) and Canada's base metals miner Lundin Mining.

Chuquicamata, the company's second largest copper operation by size, is expected to transition to underground block cave mining by mid-2019.

Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country's ailing economy.

Vancouver- based GT Gold Corp.'s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.

MINING.com interviewed the Minerals Council of Australia CEO.

Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.

Toronto-based miner said it doesn't intend to amend any of the terms of its bid for Nevsun, but noted it would continue to pursue strategic growth opportunities.

Yancoal Australia was on top.

BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.

The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin's C$4.75 a share bid launched in July.

Environmentalists say that glaciers close to mining sites could melt more rapidly.

Developers want to ease up geologists' work.

RTB Bor copper mining and smelting complex was crucial for the country before the collapse of communist Yugoslavia.

Cobalt 27 stockpile worth $5 million stolen from Rotterdam warehouse.

This deal would help entrench China's position as a serious competitor in global steel markets.

China's top copper smelters have set their floor treatment and refining charges (TC/RCs) for the fourth quarter at $90 per tonne and 9 cents per pound.

Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions.

The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine.

Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal.

The Philippines temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble.

A fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished.

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