Senegal opposition coalition promises new currency and revamp of oil contracts
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform on Saturday with promises to create a new national currency and renegotiate mining and energy contracts.
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US to rescind Venezuela gold license after opposition candidate barred
The US will rescind a license awarded to Venezuela’s state gold producer after Nicolás Maduro’s government banned the opposition’s leading candidate from participating in elections this year.
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Buenaventura stock surges as Antofagasta takes 19% equity position
Mining News Pro - Buenaventura saw its shares surge in New York after the Peruvian miner disclosed that Chilean multinational Antofagasta plc has acquired an approximate 19% equity stake in the company.
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Fierce community opposition to copper, lithium projects threatens energy transition
Mining News Pro - Nationwide protests against mining projects are once again grabbing headlines amid a sweeping sense of urgency from governments and communities to gain greater control over minerals and metals that are essential for the transition to a low-carbon economy.
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Funds return to LME nickel with $4.6 billion in short positions
Mining News Pro - Investors are returning to the London nickel market with hefty bets that prices will fall, in a trend could set the stage for a fresh bout of volatility after steep declines this year.
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Aluminum trader’s huge LME position ignites battle for stock
Mining News Pro - One of the world’s biggest metals traders has built up a dominant position in one part of the London Metal Exchange aluminum market, creating a squeeze on exchange stocks and putting focus on the availability of non-Russian metal.
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Royal Gold bolsters royalty position at Nevada’s Cortez complex with $204m deal
Mining News Pro - Royal Gold has further consolidated its royalty position at the Cortez gold complex in Nevada, which has been operating since 1969 and produced approximately 27 million ounces of gold to date.
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Australia’s opposition party flags more ambitious emissions goal
Mining News Pro - Australian opposition leader Peter Dutton indicated his group will set a target before the next election for a bigger cut in emissions, but said that coal and gas should continue to be “a part of the mix.”
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Mining industry joins opposition to Brazil indigenous land bill
Mining News Pro - There is a notable opponent to the Brazilian government’s plans to allow mining on indigenous lands — the mining industry itself.
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Coal miners urge Manchin to rethink opposition to spending bill
Mining News Pro - America’s biggest coal mining union is calling on West Virginia Senator Joe Manchin to reconsider his opposition to President Joe Biden’s $2 trillion social and climate spending bill.
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ChromeSA says imposition of export tax would be high risk
Mining News Pro - The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem.
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Big contract wins position Monadelphous strongly going forward
Mining News Pro - Monadelphous has defined its 2021 financial year by capital investments and strategic forward planning, with $950 million of new contracts and contract extensions secured across its resources, energy and infrastructure sectors.
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Position Partners aids in innovative education
Mining News Pro - Position Partners will help to administer a world-first education program which provides students with knowledge and skills in construction, engineering, surveying, architecture and design.
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S2 Research says Orion announcements underline ‘compelling’ investment proposition
Mining News Pro - Market researcher S2 Research on July 6 said dual-listed Orion Minerals’ current share price “represents a significant discount to the value of the Prieska copper/zinc project alone”, and that the miner’s recent announcements “represent value-accretive options that significantly underline the company’s compelling investment proposition”.
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Fluor repositions South African unit to support energy transition drive
Mining News Pro - Global engineering and construction company Fluor, which has been closely associated with South Africa’s liquid fuels and chemicals industries since the 1960s, has restructured its South African operations to align with the unfolding transitions under way in the energy and mining sectors.
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Comet Resources strengthens position in bubbling copper market
Mining News Pro - Comet Resources has finalised the acquisition of several copper assets from Bath Resources in the Northern Territory as prices surge for the base metal.
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John Holland positions final piece of Fortescue railway
Mining News Pro - John Holland has laid the final piece of a 143-kilometre heavy haul rail track for Fortescue Metals Group’s Eliwana mine and rail project in Western Australia.
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Canada positioning for post-Covid-19 recovery with critical minerals push
Mining News Pro - Canada is using its measures to recover from the Covid-19 pandemic to position itself as a haven for new technology and battery minerals, boasting a wealth of such minerals found in few other places around the globe, said Natural Resources Minister Seamus O’Regan.
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Mali, Emirates facilitated Venezuelan gold trade in 2020, opposition says
Mining News Pro - Venezuela sent gold to Mali in 2020 via Russian-owned planes to exchange for euros and US dollars that President Nicolas Maduro`s government used to remain afloat despite US sanctions, an opposition representative said on Wednesday.
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Position Partners acquires Imex for laser positioning technology
Mining News Pro - Position Partners has strengthened its supply of laser positioning and levelling equipment after acquiring Australian-based company Imex.
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Visit: 690
Tropicana position strengthens amid IGO exit plans
Mining News Pro - IGO has surpassed its production and cost guidances for the December quarter at the Tropicana gold joint venture project in Western Australia.
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`The bucket is leaking`: Zambia opposition leader denounces debt-funded Mopani deal
Mining News Pro - Zambia`s main opposition party leader Hakainde Hichilema criticised the government`s deal with Glencore on Thursday, comparing the economy to a leaky bucket broken by debt.
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Bardoc moves towards mid-tier position
Mining News Pro - Bardoc Gold has progressed its mid-tier aspirations after forming an agreement with MRI Trading AG to acquire the Bardoc project near Kalgoorlie in Western Australia.
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Shandong in pole position for Cardinal takeover
Mining News Pro - The board of directors at Cardinal Resources Ltd. is recommending shareholders to accept the off-market takeover offer made by Shandong Gold, which is due to expire on January 12.
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Newcrest, Greatland in position to fast-track Havieron
Mining News Pro - Newcrest Mining and Greatland Gold are confident that the encouraging mineral resource for the Havieron joint venture project in Western Australia will allow the partners to fast-track development of the operation.
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Visit: 614