Mining Weekly
Trump wastes no time to approve TransCanada’s Keystone XL pipeline
Fri, 24 Mar 2017 21:41:00 +0200
US President Donald Trump has issued a Presidential Permit approving the construction of TransCanada’s long-delayed $8-billion Keystone XL (KXL) pipeline on Friday. “TransCanada will finally be allowed to complete this long overdue project with efficiency and with speed. We're working out the final details as we speak. It’s a great day for American jobs and a historic moment for North American and energy independence,” Trump said in the White House’s Oval Office, flanked by TransCanada president Russ Girling.
Escondida outcome seen as disaster for BHP as workers return
Sat, 25 Mar 2017 01:20:00 +0200
The end of a historic strike at Chile's Escondida copper mine, the world's biggest, has left its owner, BHP Billiton, nursing an estimated $1-billion loss and probably in a weaker position for negotiations in a year or so, company and industry insiders said. On Thursday, the 2 500-member union at the mine decided to end the strike after 43 days by invoking a legal provision that allows it to extend the old contract by 18 months.
Rockwell in a bind as court issues interim liquidation order on 3 subsidiaries
Sat, 25 Mar 2017 00:23:00 +0200
A judge in Kimberley South Africa has on Thursday issued an interim liquidation order against three subsidiaries of TSX- and JSE-listed Rockwell Diamonds. The interim court order does not affect Rockwell Diamonds, the parent entity.
Proponents see glistening future in seabed mining, but environmentalists fret
Fri, 24 Mar 2017 08:00:00 +0200
With the current known mineral deposits on land increasingly being depleted globally, necessitating greater exploration, interest in deep-sea minerals is growing as mining companies look for future sources to exploit. “The ocean is where future resources exist,” India Council of Scientific and Industrial Research National Institute of Oceanography chief scientist Dr Rahul Sharma said at South Africa’s Council for Geoscience Annual Conference 2017, earlier this month.
Argentina says Enirgi, Orocobre to invest $880m in lithium
Fri, 24 Mar 2017 10:45:00 +0200
Miners Enirgi Group Corporation and Orocobre will expand their production of lithium in Argentina with investments of $720-million and $160-million, respectively, Argentina's government said on Thursday. Argentina is the world's No. 3 producer of lithium, a hotly demanded material used in car batteries and mobile phones.
Miners regain mojo to spark $18bn in exploration hunt
Fri, 24 Mar 2017 12:03:00 +0200
A rebound in exploration by global miners could see spending hit $18-billion by 2025 with China the front runner in the search for a new generation of giant discoveries. Exploration budgets are rising after they plunged to an 11-year low of about $10-billion last year as mining companies slashed costs in the wake of a collapse in prices, according to Richard Schodde, MD of Melbourne-based MinEx Consulting, an industry adviser.
Water scarcity rewiring mining companies’ approach to shared water use
Fri, 24 Mar 2017 14:27:00 +0200
The threat of ongoing water scarcity represents a significant opportunity to the mining and metals sector, as companies seek solutions to improve water security and sanitation, a new report from the International Council of Mining and Metals (ICMM) and the International Finance Corporation (IFC), a member of the World Bank Group, reveals. The report ‘Shared Water, Shared Responsibility, Shared Approach: Water in the Mining Sector’, found that mining companies were increasingly thinking more collaboratively about shared water use.
Brazil's Vale says US court annuls most of class action over dam disaster
Sat, 25 Mar 2017 01:18:00 +0200
Brazilian miner Vale said on Friday the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the collapse of a tailings dam in Brazil in 2015. The only parts of the case that remain ongoing are linked to specific statements made by Vale in 2013 and 2014, and a conference call in November 2015, the company said.