MINING.COM

Zambia hikes mining taxes in 2019 budget to rein in debt

Delivering a $7.1 billion budget in parliament, Margaret Mwanakatwe pledged to bring debt down and to trim the fiscal deficit to 6.5 percent of GDP in 2019.

Reuters | September 28, 2018 | 9:15 am

Top producer Albemarle risks shutting German plant if EU declares lithium a hazard

Albemarle eyes future as pure-play lithium market leader

Albemarle aims to eventually end its dependence on two smaller units to fund growth as global appetite surges for electric vehicles and consumer goods.

Reuters | September 27, 2018 | 2:45 pm

Chile has a calming message for car makers worried about lithium supplies

Foreign-backed miner hopes to begin Chilean lithium project in 2020

The approval process for the necessary environmental permit for the initiative, which includes an investment of $527 million, began this month.

Reuters | September 27, 2018 | 12:15 pm

Chilean environmental authority approves largest desalination plant in Latin America

Trends Industrial's ENAPAC project will desalinate sea water for industrial clients in the Atacama desert and mining region in the north of the country.

Reuters | September 27, 2018 | 11:25 am

Greece expects one-month extension in coal-fired plants tender

Greek utility Public Power Corp. (PPC), which is 51 percent state-owned, is selling three coal-fired plants and one still to be built.

Reuters | September 27, 2018 | 10:27 am

China plans to launch iron ore options in 2019

As the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers.

Reuters | September 27, 2018 | 10:13 am

Russia’s Petropavlovsk sees net profit next year as key project boosts output

Petropavlovsk swung to a net loss of $24.8 million in the first half on rising costs and lower sales but declined to give a forecast for the full year.

Reuters | September 27, 2018 | 10:07 am

South Africa mines minister maintains 30% black ownership target in charter

South Africa's new mining charter will require holders of mining rights to have a black ownership level of at least 30 percent within five years.

Reuters | September 27, 2018 | 9:55 am

Union says meeting with Alcoa again over strike at Australian aluminium project

The union at Alcoa's aluminium operations said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks.

Reuters | September 26, 2018 | 10:28 am

Indonesia court ruling on mining law won't deter companies extending licences -miners' group

Indonesia 2018 coal output target now around 507m tonnes – Energy Ministry

Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes which may add to downward pressure on prices for the fuel.

Reuters | September 26, 2018 | 10:15 am

Brazil’s Vale shareholders near deal to pay Eletron $692m

Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.

Reuters | September 26, 2018 | 9:56 am

In a US manufacturing hub, no illusions about tariffs and jobs

In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry, many greet the possibility of tariffs on Chinese goods with a shrug.

Reuters | September 26, 2018 | 9:32 am

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