Freeport, Rio formally yield control of giant Grasberg mine to Indonesia

Having trouble viewing this email?  View online Mining News Digest Friday 28 September 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Freeport, Rio formally yield control of giant Grasberg mine to Indonesia Agreements give a majority stake in the giant Grasberg copper and gold mine to a local state-owned firm, becoming the country's biggest divestment by a foreign resources company. read » Komatsu to build $285m headquarters in Milwaukee The planned campus would include about 170,000 square feet of office space, a 20,000-square-foot museum and training building, and 410,000 square feet of manufacturing space read » Battery Minerals hits construction milestones at Montepuez project Company wants to make sure the mine is in production when the demand and price of graphite takes off, as predicted. read » Chile greenlights Latin America's largest desalination plant The ENAPAC project is meant to serve mainly the mining industry, which is very active in Chile's dry, but copper and lithium-rich north. read » Albemarle eyes future as pure-play lithium market leader Albemarle aims to eventually end its dependence on two smaller units to fund growth as global appetite surges for electric vehicles and consumer goods. read » Auto industry entrepreneur and design icon Henrik Fisker joins First Cobalt Board of Directors The addition of Mr. Fisker will allow First Cobalt to draw from his many talents as an EV pioneer, entrepreneur and successful OEM car designer. read » Foreign-backed miner hopes to begin Chilean lithium project in 2020 The approval process for the necessary environmental permit for the initiative, which includes an investment of $527 million, began this month. read » Tax Court of Canada rules in favour of Cameco The court has referred the matter back to the Minister of National Revenue in order to issue new reassessments for the 2003, 2005 and 2006 tax years. read » Greece expects one-month extension in coal-fired plants tender Greek utility Public Power Corp. (PPC), which is 51 percent state-owned, is selling three coal-fired plants and one still to be built. read » China plans to launch iron ore options in 2019 As the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers. read » Russia's Petropavlovsk sees net profit next year as key project boosts output Petropavlovsk swung to a net loss of $24.8 million in the first half on rising costs and lower sales but declined to give a forecast for the full year. read » South Africa mines minister maintains 30% black ownership target in charter South Africa's new mining charter will require holders of mining rights to have a black ownership level of at least 30 percent within five years. read » Biggest Sibanye Gold unions get approval to strike over pay The National Union of Mineworkers and Association of Mineworkers and Construction Union received strike certificates at Sibanye after negotiations. read » China adopts more flexible output curbs to battle winter smog Northern China's key industrial hub will adopt a more flexible program for its anti-pollution output curbs this winter. read » The Californian rare earths mine caught between Trump and China The rare earths trade between the world's top two economies is largely one-way, with America reliant on China for about 80 percent of its supply. read » Barrick's Bristow bet seen as boosting South America revival Barrick's South America team "will be focused not only on bringing to account and dealing with the challenges around Pascua-Lama and Veladero,'' but also on expanding assets and partnerships in Peru, Bristow said. read » Tesla gets Panasonic's help with ahead-of-schedule battery plant Panasonic Corp. is taking steps to help Elon Musk solve the "production hell" problem that has plagued the car that's key to making profits. read » Czech coal baron says island home protests are PR stunt by rival Zdenek Bakala claims the people who marched through the streets of the coastal Hilton Head Island resort chanting "Bakala is a creep! He'll steal your home while you sleep!" were actually paid by a rival to harass him. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver 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 Mining News Digest". You mayunsubscribe at any time. The information contained in “Mining News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Mining News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.