PT Amman Mineral Internasional, a closely held Indonesian company backed by three local banks, will buy #Newmont’s 48.5 percent interest in PTNNT, which operates the Batu Hijau mine, the Greenwood Village, #Colorado-based company said in a statement. #Sumitomo Corp. also agreed to sell its stake in an asset that Newmont says has a gross valuation of more than $2.5 billion.
Read more at: http://www.bloomberg.com/news/articles/2016-06-30/newmont-and-sumitomo-enter-pact-to-sell-indonesian-mine-stake
Cuba’s most well-known exports may be cigars, rum and sugar, but its #Nickel deposits are earning the country more than all those combined.
Now Cuba’s, biggest nickel mine has also become one of the biggest compensation claims from its former #American owners.
Read more at: http://www.cctv-america.com/2016/06/27/former-owners-seek-compensation-for-seized-cuba-nickle-mines
On the 27th of June, 2016, the smelting and roasting shops of the #Nickel Plant were stopped. Nickel Plant Closure Project is one of the step of large-scale environment-oriented program of #Norilsk Nickel production facilities reconfiguration.
Nickel Plant is the oldest asset of the Company (it was commissioned in 1942) with annual sulfur dioxide emissions amounting to 380 thousand tons. Inability to capture sulfur at obsolete production site became the main factor for implementation of comprehensive project for its closure
Read more at: http://www.nornik.ru/en/newsroom/news-and-press-releases/news/production-shutdown-at-nickel-plant
#Scientists at #KTH #Royal #Institute of Technology in #Stockholm now report that they have unlocked one major barrier to exploiting this renewable energy source.
The low-cost, highly efficient #Nickel- #Vanadium monolayer outperforms other electrocatalysts that are composed of non-precious materials.
The same group had earlier developed molecular catalysts for water oxidation with an efficiency approaching that of natural photosynthesis.
Read more at: https://www.sciencedaily.com/releases/2016/06/160627095937.htm
The world’s No 1 #Copper producer #Codelco is expected to make its decision on who to partner with to develop its #Lithium assets in the first quarter of next year, #Chile’s #Mining Minister #Aurora #Williams told #Reuters.
Read more at: http://www.miningweekly.com/article/chiles-codelco-to-decide-on-partner-for-lithium-development-in-2017-2016-06-23/rep_id:3650
#Indonesia is considering forming a special region that will serve as an onshore financial center in which domestic firms can create shell companies without having to go to tax haven countries, its finance minister said.
Read more at: http://www.reuters.com/article/us-indonesia-economy-tax-idUSKCN0Z90BI?il=0
The incoming minister in charge of #Philippine mining has slammed the use of open pits to extract minerals, describing it as “madness” even to consider the method in the resource-rich country because of the environmental impact.
Read more at: http://www.reuters.com/article/philippines-mining-idUSL4N19E1RF
Following #China #Molybdenum’s US$1.5 billion purchase of 3Anglo #American’s #Phosphate and #Niobium unit, #JilinJien #Nickel Industry Co has had its proposed purchase of RB Energy’s #Quebec #Lithium development – which the vendor once said was capable of producing “the highest-quality lithium carbonate in the world” – approved by a #Canadian court.
Read more at: http://www.mining-journal.com/commodities/industrial-minerals/chinese-investments-in-lithium-rise/
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