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Nickel Mines finds funding, amends Ranger deal

By: Esmarie Iannucci     21st May 2019 ASX-listed Nickel Mines has secured an $80-million funding package from Decent Investment International Private, an associate of the company’s operating partner Shanghai Decent Investment, to fund its increased stake in the Ranger nickel project, in Indonesia. Nickel Mines in April this year... 

Gulf's DSO operation gets final approval

By: Esmarie Iannucci     15th May 2019 ASX-listed Gulf Manganese has received final approval from the Indonesian Ministry of Trade for its direct shipping ore (DSO) licence. The approval from the Ministry of Trade follows an earlier approval from the Ministry of Energy and Mineral Resources, and marks the final ratification for the... 

Copper production in Peru, Panama to offset lower output in Indonesia, Zambia

By: Marleny Arnoldi     13th May 2019 After having grown by 2.5% in 2018, global copper production is expected to remain essentially unchanged this year, but will grow by 1.9% in 2020, the International Copper Study Group (ICSG) said in its ‘Copper Market Forecast for 2019/20’, released on Monday. ICSG met with global copper... 

Australia, Guinea, Indonesia to lead bauxite mining up to 2029

By: Marleny Arnoldi     7th May 2019 Following a decline in global bauxite production in 2018, consultancy company Fitch Solutions says global bauxite production this year is being driven by new projects coming on line in Guinea and Australia, as well as a ramp-up in production in India and Indonesia. Australia holds 12 of the 29... 

Eni to focus on saving African forests to offset CO2 emissions

By: Bloomberg     3rd May 2019 Eni's plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation. The project is part of the Italian energy giant’s goal of removing the equivalent of 20-million tons a year of carbon dioxide (CO2) from the atmosphere by 2030.... 

Newcrest maintains outlook despite dip in production

By: Esmarie Iannucci     30th April 2019 Australian gold major Newcrest Mining has maintained its full year production guidance, despite reporting a slight drop in production for the three months to March. Newcrest on Tuesday reported that gold production for the quarter was down 5% on the December quarter, from 654 849 oz to 623 124... 

Indian industries decry lack of foreign investment

By: Ajoy K Das     30th April 2019 India’s apex industry representative body, the Federation of Indian Chambers of Commerce and Industry (FICCI), said that the mining sector has not witnessed any big investment by global mining giants despite 100% foreign direct investments being allowed in the sector. Citing a report from the... 

Freeport quarterly profit misses expectations amidst Grasberg expansion

By: Reuters     25th April 2019 Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and prices for the red metal. The results come as the company spends more than $15-billion to expand Indonesia's Grasberg copper and... 

Merafe’s first-quarter chrome production down 1% y/y

By: Marleny Arnoldi     25th April 2019 JSE-listed Merafe Resources’ ferrochrome production from the Glencore Merafe joint venture decreased by 1% in the quarter ended March 31 to 104 000 t, compared with the 105 000 t produced in the quarter ended March 2018. The company previously stated that growth in demand was projected for... 

Nickel pig iron market contributes to Indonesian nickel mining growth

By: Cameron Mackay     19th April 2019 The growth of the nickel pig iron (NPI) market in Indonesia has led to the rapid increase of nickel mining operations in the country, says international metals and minerals consultancy Roskill senior analyst Olivier Masson. Nickel pig iron, a low-grade ferronickel, was created in China as a... 

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