On November 2, 2022, Minister of Innovation, Science and Industry François-Philippe Champagne issued a statement indicating that the Government of Canada had ordered divestitures of three recent investments in Canadian mining companies under the national security review provisions of the Investment Canada Act (ICA). In his statement, Minister Champagne noted that......By: Dentons.
Coal India Ltd (CIL) has been given freedom to pass mine closure costs on to consumers, but has not taken any such step yet, a company official said on Monday. The Maharatna PSU may consider "levying an additional fee on per tonne basis to be paid by the coal consumers to meet the cost of mine closure with the approval of the board and to provide funding for those subsidiaries which are not able to fund the closure of these mines", an official said quoting a Coal ministry notification.
The trucking industry says rail delays and damage in the eastern states are driving demand and prices up. : Western Australia's trucking body says freight prices have jumped 20 per cent because of rail disruptions in the eastern states. Western Roads Federation chief executive Cam Dumesny said east-west road freight was picking up the extra load, but it coincided with a busy time. "That largely reflects high fuel costs and equipment shortages and the like, but there's obviously a spike in demand.
During the past 30 days the China graphite flake-194 EXW spot price was up 0.22%. The China graphite flake-199 EXW spot price was up by 0.16%. Note that 94-97% is considered best suited for use in batteries; it is then upgraded to 99.9% purity to make "spherical" graphite used in Li-ion batteries. The spherical graphite 99.95% min EXW China price was up 0.28% the past 30 days. Fastmarkets (see below, not updated) shows China graphite flake 94% C (-100 mesh) prices at US$830/t and Europe graphite flake 94% C (-100 mesh) prices at US$920/t.
[VOA] Kedougou -- Every few minutes, 14-month-old Awa coughs, the phlegm rising from deep within her chest. : Ba, who suffers from chronic migraines, works as an artisanal gold miner in Senegal's far eastern region of Kedougou, near the borders of Mali and Guinea. Gold mining in Senegal plays a key role in the country's economy, but the use of mercury during the treatment process is harming the environment and the health of the miners. In Kedougou, home to 98% of Senegal's gold mines, more than five tons of mercury are used annually.
Rights associated with the Investor Rights Agreement have been Extended VANCOUVER, BC, Nov. 23, 2022 /PRNewswire/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN); (NYSE American: WRN) announces that Rio Tinto Canada Inc. ("Rio Tinto") has exercised its right...
Mining magnate Andrew Forrest has splashed an additional $11.6 million on the Australian Agricultural Company through his private investment vehicle Tattarang.
[SAnews.gov.za] The United Kingdom and South Africa will join forces to drive economic growth and turbocharge infrastructure investment, UK Prime Minister Rishi Sunak said on Tuesday.
In August 2022, I wrote a bearish article on SA about silver mining company Americas Gold and Silver (NYSE:USAS) in which I said that unit costs were high. Well, silver equivalent production in Q3 was pretty much the same as the previous quarter but lower zinc prices led to a deterioration of the working capital deficit to $16.7 million as of the end of September. Considering the estimated capital cost for the Galena Hoist project was increased by $2.2 million to $8.9 million, the company appears to be in trouble. Let’s review.
Mark McGowan establishes an investment trust funded by the state's most prominent resource companies to realise 'legacy projects'. : A lucrative community investment trust funded by WA's booming mining sector is being established by the state government to help pay for critical infrastructure in remote communities, as well as significant "legacy" projects. An initial $750 million has been committed to the fund, which is being touted as a means for the state to get permanent and tangible outcomes for the benefit of the community from the ongoing resources boom.