sábado, 20 de octubre de 2018

Hudbay Minerals investor calls special shareholder meeting

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Mining News Digest
Saturday 20 October 2018
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Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.

Yet another "win" for the National Mining Association.

The government has introduced new regulations to ban asbestos and products containing asbestos, but they don't apply to residues left from mining the carcinogenic material.

The mining and quarrying industry is seeking government funding for an airborne geophysical survey program, considered an essential tool for attracting investment and job creation to the province.

The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

Its an accounting thing.

The U.K. is currently just one of six EU countries allowed to import and export rough diamonds. Once stones enter Belgium and Portugal, they're then free to move around the region.

The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.

China ready to bring on the heat as the official heating season starts on Nov. 15.

The aim of the project is to improve the livelihoods of the beneficiary community and regional economy – Mining Ministry

Atlas Copco's shares fell 9 percent at 1149 GMT, dragging Nordic industrial peers such as Sandvik and SKF lower, and also hitting German vacuum gear rival Pfeiffer Vacuum.

Gold demand in this years Dusherra falls by 40% in some pockets.

465,000 tonnes of nickel play 'hide and seek'

The first spot transaction sees 3,000 tonnes of alumina change hands at $437.23 a tonne.

The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects.

In the near term, coal remains to be the hot topic in India.

For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.

The company sounded the alarm last week when the country's power regulator threatened to cut it off the grid because of unpaid bills.

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