lunes, 7 de enero de 2019

Ecuador’s rising opposition to mining may thwart exploration boom

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Mining News Digest
Monday 7 January 2019
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As mining projects face headwinds from rising tensions, investors' courage will be tested, says Fitch Solutions Macro Research, which could hinder Ecuador's plan to attract $4 billion to the sector by 2021.

But over the long term, the global copper deficit is expected to shrink, and the market will shift to oversupply.

Government has delayed the release of provisional results from last week's presidential election as criticism of the country's handling of the vote grew.

Officials said the victims were villagers who were mining for gold illegally, rather than in a government project.

Trans Mountain expansion will be on many voters' minds in federal and Alberta elections; trade wars promise to add uncertainty to export market.

Konkola Copper Mines (KCM), majority owned by Vedanta, suspended operations at its Nchanga mine following the introduction of an import duty on copper concentrates, the company said.

There are real costs associated with conducting project cost estimates in-house.

Global demand for cobalt is rocketing, with the rate of annual increase now at 8-10%.

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