sábado, 19 de enero de 2019

Brazilian general with mining ties to solve industry-indigenous disputes

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Mining News Digest
Saturday 19 January 2019
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General Franklimberg Ribeiro de Freitas's return to the country's Indigenous Rights Agency (Funai) is seen by many as positive, as the agency has lost funding and authority on land issues.

The company expects Oyu Tolgoi will be the world's third-largest copper producer at peak metal production.

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.

But only sliver of funds raised destined for mining and metals

Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.

This week, the country's parliament voted to extend a state of emergency that has been in place since Dec. 31, by six months – following a string of terrorist incidents in several northern provinces, included the recent murder of Canadian geologist, Kirk Woodman.

Prices of steel and steel-making raw materials in China rose on Friday amid optimism over progress in the U.S.-Sino trade talks.

A new year but the same old problems for aluminium. "When you look at the economics of producing aluminium, these prices cannot be sustainable."

Local gold prices in India touched their highest since July 2016 this week.

Germany is expected to import 45 million tonnes of hard coal this year, up roughly 1.4 percent from 2018 despite mounting competition from renewable energy.

The government shutdown is adding to the woes of U.S. companies already paying tariffs for their steel and aluminum.

The company is trying to find the mine's higher grade zones; it will then designate the barren zones as support pillars in its mine design.

Given the positive feedback received following two sales events in New York, the company decided to increase the number of auctions in the United States this year.

The company's Main Ridge project is located in an area where Spaniards mined placer gold in the 16th Century.

Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.

A company spokeswoman stressed that while Zheng may be new to the copper industry, he has a lot of management experience.

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