sábado, 6 de octubre de 2018

Hudbay doesn’t deny rumours of interest in Chile’s Mantos Copper

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Mining News Digest
Saturday 6 October 2018
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The Chilean miner has been seeking a buyer for all or part of itself to raise $1 billion to dig for copper and gold in two of its mines in the country's north.

The centuries-old diamond industry is getting shaken up by small producers and industry giants alike.

The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .

The miner now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May.

Daimler said it will start building a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama.

Bolivia will choose a new junior partner to help industrialize its lithium deposits from among seven companies that submitted proposals.

Poland plans to boost output of coal by about 10 percent in the next several years to cut down on imports, which are set to jump to a record this year.

Operators ramp it down and then bring it back up again. That's not how coal-fired power plants are supposed to be used.

Bids for Optimum are expected to be finalized by the end of November, with due diligence starting on Monday.

Failing to get the project off the ground would deprive Mozambique of a source of revenue it's come to rely on. Coal is Mozambique's biggest export.

Shares in Australian rare earths miner Lynas Corp jumped 12 percent on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics.

Head of the mines division said a previous production forecast of 59.3 tonnes of gold for 2018 had been marginally increased.

Get ready, gold bulls: The precious metal could be close to finding a bottom.

The new products range from hot rolled coil (HRC) steel to alumina, the raw material for aluminium, as well as cobalt, which is key for EV batteries.

In draft proposals, the government said it would introduce extra levies on CO2 emissions for different sectors to push companies to clean up their acts.

Away from the seminars and cocktail parties, metal producers, traders and users will meet behind closed doors to hammer out details of next year's contracts.

Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months this week.

The battered gold miners' stocks are finally starting to recover after a rough few months.

Resource financier Rick Rule discusses investment opportunities, downplays current levels of geopolitical risk and urges the industry to harness the benefits.

CEO of Millrock Resources talks about the recently released drill results from the Alaska Range Project as well as developments at its Mexican properties.

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