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Chilean court freezes sale of stake in lithium giant SQM to Tianqi

12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

Court says Colombia votes cannot block mining, oil projects

12th October 2018 Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried... 

Sierra Leone axes plan to build Chinese-funded airport

12th October 2018 Sierra Leone's government has terminated a $400-million scheme to build a new airport with Chinese labour and loans, according to a letter written last week by the country's minister of transport and aviation, reviewed by Reuters. The plan – one of many Chinese infrastructure projects that have... 

Tiger Brands reopens processing facility after listeria outbreak

12th October 2018 Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. The health department recalled processed meat products known as "polony" and closed some... 

Malaysian minister offers to step down from review of Lynas rare earth plant

12th October 2018 The Malaysian minister in charge of a committee reviewing Australian rare earth miner Lynas Corp's plant has offered to step down following company criticism that she would not be impartial. Malaysian Deputy Minister to the Prime Minister's Office Fuziah Salleh said in a statement on Friday that... 

Evicted Kenyans demand compensation after mining firm exits

11th October 2018 Nathaniel Tumo was astounded when an excavator arrived at his farm in western Kenya four years ago and started digging for minerals, almost bringing down his house. "They started blasting a few metres away and the stones fell on my house," said Tumo, 62, his breath laboured from living alongside... 

Acacia Mining says employee in Tanzania charged with corruption

11th October 2018 London-listed Acacia Mining said on Thursday an employee at its North Mara mine in Tanzania was charged with corruption but plead not guilty and has been granted bail. The employee was "responsible for signing cheques for approved payments made by NMGML at the time, including a cheque regarding... 

Packaging firm Mondi reports 30% rise in Q3 underlying profit

11th October 2018 Packaging and paper group Mondi, reported a 30 percent increase in third-quarter underlying core profit, benefiting from higher average selling prices in some of its businesses. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to €466-million in the three... 

Chile studying possible lithium trade on LME

11th October 2018 Chile has called for lithium to be traded on the London Metals Exchange to provide greater "clarity" about its value, Mining Minister Baldo Prokurica said on Wednesday. At present, lithium producers negotiate contracts with buyers but the terms of the deals are not made public. Critics say this... 

SQM controlling shareholder moves to block stake sale to China's Tianqi

11th October 2018 The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court to block a deal allowing the sale of nearly one-fourth of the miner to China's Tianqi Lithium. The lawsuit alleges that Chile's antitrust court last week failed to follow due... 

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