Economic & Industrial

Mining News Pro - While China’s industrial sector crashes, one corner is booming. Oddly enough, it’s probably bad news for participants.

Mining News Pro - The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company.

Mining News Pro - Kazakh mining company Eurasian Natural Resources Corp. has asked a British court to stall the U.K.’s pursuit of corruption charges following a six-year bribery investigation.

China’s rare earths association said it would support Chinese counter-measures in the escalating trade row with the United States, which it accused on Wednesday of “bullying”.Mining News Pro -

Mining News Pro - Automation is a hot topic in the mining industry, as producers look at ways to increase both productivity and onsite safety.

Mining News Pro - In a bid to boost revenue from the country’s mining industry, President Ali Bongo has launched a new code that seeks to attract investors, Mining Minister Tony Ondo Mba told economic operators in the capital Libreville.

Mining News Pro - President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.

Mining News Pro - Australia’s Lynas Corp (ASX: LYC) reported Monday a drop in sales revenue and production of rare earths due to ongoing trade tensions between China and the United States, which have negatively impacted Beijing’s demand.

Mining News Pro - The Mexican Chamber of Mines or Camimex announced that total investments in environmental programs carried out by companies affiliated to the group will add up to $177.2 million in 2019, almost a 17% increase from the $151.5 million invested in 2018.

Mining News Pro - Brazilian securities regulator CVM has opened two probes into Vale Chief Financial Officer Luciano Siani’s conduct in the aftermath of a dam burst in late January that killed nearly 250 people, according to the CVM’s website.

Mining News Pro - Dubai’s DSA Investments is considering forming a venture with a South African labor union to bid for coal assets that Glencore Plc was pressured into selling to a company controlled by the politically-connected Gupta family in 2015.

Mining News Pro - BHP (ASX, NYSE:BHP) has committed to invest $400 million over five years to reduce greenhouse gas emissions from its operations and mined commodities, as the world’s number one mining company looks to take an industry lead on tackling climate change.

Mining News Pro - A group of investors in Brazil’s Vale (NYSE:VALE), the world’s top iron ore producer, is seeking compensation for loses linked to the deadly dam burst in Brumadinho in January this year, which killed more than 300 people and caused extensive property and environmental damage in the region.

Mining News Pro - The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa.

Mining News Pro - Encounter Resources has welcomed Silver Lake Resources as a shareholder as part of plans to raise funds for its Paterson province project in Western Australia.

Mining News Pro - Chile’s economic activity rose 2.3% in May from the same month a year ago, the central bank said on Friday, as the top copper producer´s crucial mining sector continued to lag.

Mining News Pro - Kalium Lakes has received another credit approval from German KfW IPEX-Bank for $102 million of funding for the Beyondie sulphate of potash project (BSOPP) in Western Australia.

Mining News Pro - Moody’s forecast for the global base metals industry is stable, while it predicts performance to weaken over the next year and a half, Mining Weekly reported Monday.

Mining News Pro - The Queensland Resources Council (QRC) and the Greater Whitsunday Council of Mayors will work together to further boost resources jobs in the region

Mining News Pro - China’s Ansteel has informed Gindalbie Metals that its $25 million purchase of the company is final, allowing the iron ore company to demerge from subsidiary Coda Minerals.

In Picture