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jdsupra.com November 28, 2022

Chinese Investors Ordered To Divest Interests In Critical Minerals Sector | Dentons

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.
Read by 52% of LPs

business-standard.com November 28, 2022

Govt Offers Coal India Flexibility To Levy Mine Closure Costs To Consumers | Business Standard News

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.
Read by 80% of LPs

abc.net.au November 28, 2022

Wa Road Freight Prices Rise 20 Per Cent Due To Rail Disruptions In Eastern States - Abc News

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.
Read by 70% of LPs

seekingalpha.com November 26, 2022

Graphite Miners News For The Month Of November 2022

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.
Read by 48% of LPs

allafrica.com November 24, 2022

Senegal's Women Gold Miners Carry Heavy Burden

[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.
Read by 70% of LPs

prnewswire.com November 23, 2022

Western Copper And Gold Announces Extension Of Rio Tinto's Rights

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...
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brisbanetimes.com.au November 23, 2022

Billionaire Beef Battle Sizzles As Andrew Forrest Buys $11.6M Wagyu Stake

Mining magnate Andrew Forrest has splashed an additional $11.6 million on the Australian Agricultural Company through his private investment vehicle Tattarang.
Read by 79% of LPs

allafrica.com November 23, 2022

South Africa: Uk State Visit To Drive Economic Growth, Turbocharge Infrastructure Investment

[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.
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seekingalpha.com November 22, 2022

Americas Gold And Silver (usas): Lower Zinc Prices Came At A Bad Time

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.
Read by 78% of LPs

abc.net.au November 22, 2022

Big Miners To Fund Wa 'legacy' Infrastructure Projects In New Investment Fund - Abc News

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.
Read by 58% of LPs