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Duterte spokesman says ban on openpit mining remains
Published: 20 Nov 17
Philippine President Rodrigo Duterte has not lifted a ban on open pit mining, his spokesman said on Monday, amid plans by a government panel to seek the removal of the policy. "I assure you that this is one of the instances when I personally asked the President if there's been a change in policy. And he says that's there's still no new policy on this, there's still a ban on new open pit mining," Harry Roque told a media briefing.
Mount Peake business case improved in updated feasibility study
Published: 20 Nov 17
An updated feasibility study and financial model for the Mount Peake vanadium/titanium/iron project in the Northern Territory have lowered capital costs and improved financial parameters, setting the stage for strategic metals company TNG to move ahead and secure project funding. The updated feasibility study, which was led and compiled by Snowden, has achieved a new preproduction capital expenditure (capex) of A$583-million, compared with the 2015 definitive feasibility study (DFS) capex of A$970-million. The decrease is primarily owing to optimisations achieved during the past 18 months, TNG reported in a statement to the ASX on Monday.
Tesla tuck supercharges hopes for boom in battery metals demand
Published: 19 Nov 17
Tesla’s plans to roll out an all-electric big rig have given a fresh jolt to the outlook for battery metals that will go into powering the truck founder Elon Musk is calling “The Beast.” Banks including Goldman Sachs Group, UBS Group and Bank of America are already forecasting a surge in demand for battery metals like nickel as sales of electric cars ramp up over the next decade. Usage could jump even higher if trucking firms start switching diesel fleets for battery-powered ones.
BHP-Vale deal distances Brazil mine from $53bn in lawsuits BHP-Vale deal distances Brazil mine from $53bn in lawsuits
Published: 19 Nov 17
It came down to the wire, but BHP Billiton, Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175-billion reais ($53-billion) in lawsuits. Their lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits. The judge had given the two sides until last night to come to an agreement on how to move forward with the remaining cleanup efforts and reparations after a deadly tailings dam spill in 2015.
NUM postpones planned coal sector strike
Published: 17 Nov 17
The National Union of Mineworkers (NUM) will postpone its planned strike in the coal sector, as some coal companies have decided to table new offers to NUM members. The union on Friday said the coal companies would present the new wage offers on Monday, after which the union would decide to accept the new offers or to serve a 48-hour strike notice.
Brazil's Samarco mine sees need to cut staff by 600
Published: 17 Nov 17
Brazilian iron-ore miner Samarco has told unions it needs to cut 600 workers by December, the joint venture between Brazil's Vale and Anglo-Australian miner BHP Billiton said in a statement on Friday. Samarco said it would resume talks with unions Metabase Mariana and Sindimental on Friday following Thursday meetings on the need to reduce staff to 1 135 from 1 735.
Alrosa Q3 net profit halves on losses from flooded mine
Published: 17 Nov 17
Alrosa, the world's largest producer of rough diamonds, said third-quarter net profit has halved to 12.95-billion roubles from the year-ago period, caused by losses related to a flooded underground mine. The company said it incurred losses worth 7.38-billion roubles from the flooded mine Mir.
Sampling confirms lithium in Namibia – Montero Sampling confirms lithium in Namibia – Montero
Published: 17 Nov 17
Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO Dr Tony Howard said in a release to Creamer Media’s Mining Weekly Online.
Corsa sees sales volume growth for sixth consecutive quarter
Published: 17 Nov 17
Even though the global supply chain for metallurgical coal remains challenged and prone to disruption, strong steel pricing and production levels have helped to sustain a high level of demand for raw materials, which include metallurgical coal, according to Corsa Coal CEO George Dethlefsen. In a statement released Thursday, the US-focused coal producer revealed that the company’s volume growth for metallurgical coal sales had increased by at least 20% for the sixth consecutive quarter in the third quarter ended September 30, growing 44% quarter on-quarter.
Botswana Diamonds positive about potential at South African project
Published: 17 Nov 17
A detailed ground geophysical survey undertaken on eight Group 1 kimberlites at Aim-listed Botswana Diamonds’ Free State exploration project, which is located between Bloemfontein and Kimberley, in South Africa, has indicated that the sizes of these kimberlites range from 0.3 ha to 1.15 ha. The kimberlite sizes were determined using a combination of magnetic, electromagnetic and gravity geophysical techniques, which has resulted in strong images of the footprints of the kimberlites.
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