viernes, 7 de septiembre de 2018

Uranium supply crunch may be just around the corner — experts

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Mining News Digest
Friday 7 September 2018
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Decade-low prices have had a negative effect on the profitability of existing mines and on the capacity of early-stage projects to raise necessary funding to be mine-ready when demand picks up.

Yancoal Australia was on top.

Arguing the company has artificially inflated the value of its Canadian gold mine, which risks being taken over by creditors in coming months.

 Acacia — Tanzania's No.1 gold miner— will retain a net smelter return production royalty over the project, capped at $15 million.

The Federal Court of Appeal nullified the National Energy Board's approval of Kinder Morgan Canada's Trans Mountain pipeline expansion project.

India, the world's second-largest coal importer, has defied its prior history of being a price-sensitive buyer and boosted its imports this year.

State-run JSW and Australia's Prairie, which is developing mines in Poland, have been in cooperation talks for much of this year but JSW wants control.

Total proceeds from the sale were US$26.9 million (CDN$35.3 million) from 411,317 carats at an average realized value of US$65 per carat

An agreement has been reached on separating laws for the country's oil industry and dropping a bill to govern the two sectors.

Glencore expects its recently acquired Brazilian fuel distribution company Ale Combustíveis SA to pursue growth opportunities without making acquisitions.

Qinghai, which involved investment of 2.4-2.5 billion yuan, is undergoing test production and output will ramp up gradually after commercial launch.

Assore reported a 1.9 percent fall in annual profit on Thursday as a strong rand currency offset favourable commodity prices and higher sales.

Hydro was ordered to slash output by half at Alunorte after the company admitted to making unlicensed emissions of untreated water during severe rains.

MOSCOW, Sept 6 (Reuters) – Russian aluminium producer Rusa , under U.S. sanctions since April, increased its aluminium exports by 7 percent in August compared to the previous month, Interfax news agency said. Rusal, the […]

Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.

Many nations around the world have been focussing on improving their environmental practices.

Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it's expected to close on Sep. 19

Prospero Silver Corp is pleased to announce that it has arranged a US$270,000 strategic investment from Fortuna Silver Mines Inc.

Barkerville also has the option to grant Osisko an additional 1% NSR royalty on the Property for additional cash consideration of C$13 million.

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