Monthly Archives: May 2016

US Steel probe ‘reflects trade protectionism’

By ZHONG NAN/ZHANG YU (China Daily) May 29, 2016, 12:16 am TWN China will safeguard the interests of its steel producers by appealing to the World Trade Organization after the United States launched an investigation of Chinese companies for alleged price-fixing, the Ministry of Commerce said on Friday. The ministry said the country was resolutely opposed to the US decision and would encourage its companies to legally defend their interests. The US International Trade … Continue reading

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Indonesia says Coal output will fall next year as smaller miners struggle

Govt official expects country to produce 419 mln tonnes in 2016 Says will drop to 409 mln T next year Decline will come as smaller miners pare output Analyst says Indonesia coal exports to fall in 2016 (Adds demand outlook from state power utility, analyst comment) By Fergus Jensen NUSA DUA, Indonesia, May 30 Indonesia, the world’s top thermal coal exporter, expects its coal production to edge down in 2017, as smaller miners cut … Continue reading

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Miner Sees Silver Price Surging Ninefold as Global Gadgets Boom

Top-performing stock First Majestic forecasts metal at $140/oz Price will climb as users seek to lock in supplies, CEO says A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal. “For an electronics manufacturer to come directly to us — that tells … Continue reading

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Is Lithium the new white Gold?

John Holmes from Pilbara Minerals says the rising popularity of electric vehicles will drive lithium demand and push more producers into this space. Ref: Read more from original source:

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Codelco studies new autoclave plant to treat high-Arsenic Copper concentrates

Codelco could have a new plant for treating high-arsenic copper concentrates ramping up by 2019, as it seeks to meet its customers’ needs and Chile’s increasingly strict environmental requirements. The world’s largest copper producer has put its subsidiary EcoMetales in charge of feasibility studies for the construction of a $370-million plant in Calama, in the northern Chile. That is where Codelco produces most of its copper. Given the depletion of its ageing mines, the … Continue reading

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Giant open-pit Chilean Copper mine moves underground

Chuquicamata, Chile, May 20, 2016 (AFP) – Chilean miners at one of the world’s biggest open-pit mines will soon be digging for copper underground, in a move to extend the life of the century-old site for 40 years. The Chuquicamata mine and six other pits owned by state company Codelco together provide 11 percent of world copper output — some 1.7 million tonnes a year, according to the firm. However the gargantuan Chuquicamata pit … Continue reading

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Richest Lithium Nation, Chile, Risks Being Left Behind in Tesla-led Boom

Chile may fall behind Argentina in scramble to produce lithium Lithium has bucked commodity slump in electric-car revolution The electric-car revolution is here and Chile is looking to ramp up production of the lithium the industry needs for batteries. Or it would be, but for a bitter dispute between the government and the former son-in-law of a military dictator. After Chile’s government moved to withdraw its license to exploit one of the world’s largest … Continue reading

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TriAlpha Energy, a Company Pursuing the Ideal Power Source

A startup in California has raised $500 million to chase the elusive dream of fusion power. Is this crazy, or is the company on to something? by Richard Martin May 20, 2016 No energy technology is more tantalizing than fusion, but no energy technology has proved more disappointing. So how has a fusion company in Southern California raised nearly half a billion dollars from the likes of Goldman Sachs and Paul Allen? Does it … Continue reading

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RioTinto approves $5.3 bln OyuTolgoi Copper expansion in Mongolia

May 6 Rio Tinto Plc : * Approves development of Oyu Tolgoi underground mine * Development of underground mine will start in mid-2016 following approval of a $5.3 billion investment by partners and recent granting of all necessary permits * First production from underground, which has an average copper grade of 1.66 per cent, more than three times higher than open pit, is expected in 2020 * Mine also benefits from significant gold by-products, … Continue reading

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Brazil joins race to commercialise Graphene

Brazil has joined the global race to commercially develop graphene, with the opening of the Graphene and Nanomaterials Research Center, known as MackGraphe, at Mackenzie Presbyterian University in São Paulo. Since graphene was discovered in 2004, the material has been of great interest to researchers and industries around the world because of its very appealing characteristics, like the static strength and stiffness enabled by its two-dimensional honeycomb structure. The new facility, which comprises more … Continue reading

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