R/€ = 16.94 Change: -0.05
R/$ = 14.38 Change: 0.00
Au 1201.49 $/oz Change: 3.05
Pt 831.50 $/oz Change: 3.09


Chile's lithium miner SQM asks court to reject Tianqi agreement

14th September 2018 Chilean lithium miner SQM objected to the terms of a deal drawn up between the country's anti-trust regulator and the Chinese miner Tianqi which hopes to buy almost a quarter of SQM, its lawyers told the country's anti-trust court on Thursday. An attorney representing SQM told Chile’s anti-trust... 

Collahuasi copper mine in Chile to raise output 4% this year -VP

14th September 2018 The copper mine Collahuasi in Chile is expected to produce 545 000 t of copper this year, 4% more than in 2017, its vice president of operations, Francisco Carvajal, told journalists on the sidelines of an event in Peru on Thursday. Collahuasi, owned by Anglo American and Glencore, is located in... 

Lundin Mining has hefty M&A appetite for copper, says incoming CEO

14th September 2018 Canada's Lundin Mining is on the hunt for copper mines and projects and willing to spend up to $3-billion on mergers and acquisitions, its incoming CEO said in an interview on Thursday. But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie... 

Teck's copper project attracts interest before end-Sept deadline - sources

13th September 2018 Mining companies and commodities trading houses are expected to table first-round offers by a September 28 deadline for a stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, two sources with knowledge of the matter said. Canada's Teck has said a development partner... 

Gold Fields plans to extend life of Peru mine through 2040

13th September 2018 South African miner Gold Fields aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240-million, the company's vice president for the Americas said late on Wednesday. "We're doing studies with Peruvian consulting firms and international... 

Moody's sees little chance of South Africa downgrade

13th September 2018 Moody's said on Thursday there was little chance it would strip South Africa of its investment grade credit rating this year – giving some respite to President Cyril Ramaphosa after the economy moved into recession. But the agency – the last of the top three ratings firms to have Pretoria's... 

Bosnia's Aluminij calls for government help to ensure survival

13th September 2018 Aluminij Mostar, Bosnia's sole aluminium smelter, is at risk from high alumina and electricity prices and only urgent government intervention can help it stay on line, its GM said on Thursday. Heavily-indebted and loss-making Aluminij, which is among Bosnia's top exporters, has narrowly avoided... 

Kidman, SQM may have to forfeit lithium mine after Australian govt ruling

13th September 2018 Australia's Kidman Resources and Chilean partner SQM may lose their right to develop the Mount Holland lithium project after a recommendation by a unit of the West Australian government that regulates mining leases. Kidman had asked the Western Australia Department of Mines for an exemption to... 

Power plant delays fuel tensions over Rio's giant Mongolia copper mine

13th September 2018 Nearly 10 years on from the launch of a giant copper and gold project in Mongolia, Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government. Oyu Tolgoi, located in the South Gobi region near landlocked Mongolia's southern border... 

India's steel minister wants import duty on coking coal scrapped

13th September 2018 India's steel minister said on Thursday he wanted the finance ministry to scrap the 2.5% duty on imports of coking coal, a key steelmaking raw material, to limit input costs. "We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5% to 2%." 


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