viernes, 5 de octubre de 2018

Congo miners buying cobalt from artisanal operators to balance market

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Friday 5 October 2018
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Experts say that, when done correctly, artisanal mining can be an ethical source of low-cost, high-grade cobalt and a key mechanism in keeping the market balanced during times of supply shortage.

The project, known as the Salobo 3, is expected to add about 50,000 tonnes to the open-pit mine's current capacity of 200,000 tonnes of copper per year

With this development, the Australian miner has now produced both lithium carbonate and lithium hydroxide from Paradox, its flagship project.

Mining companies are upending rural communities and undermining air and water quality while government authorities fail to rein in abuses.

The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.

Hydro plans to halt production and lay off 4,700 people at Alunorte, which has been operating at half capacity since March due to an environmental dispute.

The stake comes as New Day Aluminium Holdings LLC completes a $110 million refinancing and as it readies two major expansion projects in Louisiana.

Quarterly deal volume was up 91% to $75.7 billion from $39.6 billion in the same period last year, bucking a global trend of declines in Europe and Asia.

The weak pricing comes at a time when an oversupply of lithium has pushed down prices even as demand for the metal is expected to increase.

BHP has analysed the impact of China's Belt and Road Initiative (BRI), a network of overseas construction projects, on commodity demand.

The contract requires Albemarle to offer as much as 25 percent of its annual production capacity at a discounted rate to companies within Chile.

The country's proposed mining tax increases would hobble Africa's second biggest copper industry, miners say.

President Ramaphosa announced a wide-ranging set of deals between government, big business and labour that he said would create 275,000 more jobs a year.

With the current political and economic uncertainty affecting global markets, there has been a reduction in the attractiveness of the US dollar.

Dan Weir, the Executive Chairman of DNI Metals sits down with Proven and Probable to discuss the unique value proposition of the Graphite.

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