Chile eases way for foreign-backed miner to take control of Lithium deposit

Salar Blanco, which is 50 percent-owned by Lithium Power International, has dropped a lawsuit against Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.

Reuters | July 11, 2018 | 2:09 pm

Foreign investment in Chile surges due to new law – government

Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday.

Reuters | July 11, 2018 | 1:20 pm

Rio Tinto’s minerals sands operation in South Africa shut by protests

A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday.

Reuters | July 11, 2018 | 11:17 am

Serbian miner RTB Bor attracts 11 possible buyers

Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex, which suffered a long period of neglect during the Balkan Wars and the country's international isolation in the 1990s.

Reuters | July 11, 2018 | 10:49 am

KME buys German copper product producer Mansfelder Kupfer

A final deal has been signed for the sale of German copper products company Mansfelder Kupfer und Messing (MKM) for 80 million euros ($94 million).

Reuters | July 10, 2018 | 11:30 am

Australia’s Mineral Deposits recommends takeover offer as Eramet builds up stake

Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company.

Reuters | July 10, 2018 | 11:17 am

Foreign-backed miner drops lawsuit against Chile for control of lithium deposit

The Chilean government said Salar Blanco could apply for a special operating license for its Maricunga project.

Reuters | July 10, 2018 | 10:54 am

Philippines nickel ore exports seen dropping up to 17 pct on low prices

The Philippines is the world's No.2 nickel ore supplier after Indonesia, shipping the bulk of its output to top buyer China.

Reuters | July 10, 2018 | 10:44 am

Death by diamonds: Suicides wipe the shine off India’s gem trade

Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.

Reuters | July 10, 2018 | 10:33 am

Suncor says Syncrude oilsands project to return to full production in September

Suncor expects pipeline shipments from its Syncrude oil sands project to be about 60 per cent to 70 per cent of total capacity in August.

Reuters | July 10, 2018 | 2:00 am

Canada’s Barrick, China’s Shandong Gold to deepen ties, look at acquisitions

Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.

Reuters | July 9, 2018 | 11:14 am

Australia’s Yancoal halts Austar mine amid safety dispute

Yancoal said it will start standing down employees, and is aiming to redeploy most workers to other underground operations owned by the company.

Reuters | July 9, 2018 | 10:48 am

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