The briefing on mining

The latest news, trends and data from the mining industry

NEWS IN NUMBERS

70%

Canadian mining firm Kinross Gold has announced that it will acquire a 70% interest in the Peak Gold project in Alaska.

$27.4bn

Federal and state prosecutors in Brazil are seeking to reopen a multi-billion dollar civil action lawsuit, claiming damages of $27.4bn, against mining companies Samarco, Vale, and BHP.

20%

Mining operations in the Amazon basin now cover more than 20% of Indigenous lands, according to a report from World Resources Institute and the Amazon Geo-Referenced Socio-Environmental Information Network

$375m

Nickel miner PT Vale Indonesia has announced the completion of sale of a 20% stake to Indonesia’s state miner Mining Industry Indonesia (MIND ID). MIND ID bought the 20% stake for a total of IDR5.52tn ($375.77m).

The latest from Twitter

Per @FastmarketsMB Vale New Caledonia to cease #nickel, cobalt production at start of 2021. "A potential 60kt per year of refined nickel will be taken offline entirely, while other producers are ramping up output in anticipation of increased EV uptake." https://t.co/CC77UrCxVN pic.twitter.com/nNnU8oWkMO
— FPX Nickel Corp. (@FPX_Nickel) October 8, 2020

Gold mining stocks are a buy ahead of the U.S. election, strategist says https://t.co/nS5rVZmkcy
— Hedgehog Trader (@HedgehogTrader) October 8, 2020

In June this year PM Modi and Amit Shah both claimed that the auction of 41 coal blocks for commercial mining was historic and would generate 280000 jobs .
The coal ministry in an RTI reply admitted the claims of Modi and Shah are 'hot air' and baseless
— Ravinder Kapur (@RavinderKapur2) October 9, 2020

Ontario can build an entire supply chain to produce electric vehicles from mining to manufacturing & create thousands of good-paying green jobs! If Premier Ford hadn't cancelled EV rebates or ripped chargers from the ground we'd be ahead of the curve already! #GreenRecovery https://t.co/nU7d3yBrCL
— Abhijeet Manay 🇨🇦 (@AbhijeetMonet) October 8, 2020

PROJECT NEWS

Shanta Gold begins Tanzania’s Singida gold mine construction

East Africa-focused gold producer and explorer Shanta Gold has announced the start of construction at the Singida Gold mining project in central Tanzania. The project is located in the Ikungi administrative district in the Singida region of central Tanzania.

Tesla reportedly in talks with BHP over nickel supply deal

American electric vehicle (EV) company Tesla is in talks with mining major BHP Group regarding a nickel supply deal.

UN human rights expert urges Colombia to suspend Cerrejón operations

A United Nations (UN) human rights expert has called on Colombia to suspend some operations at the El Cerrejón mine due to activities at the mine causing damage to the environment and the health of Colombia’s largest indigenous community, the Wayúu peoples.

Poland reportedly expects EC to approve coal mines closure plan

The European Commission (EC) is reportedly expected to give consent to a plan to gradually close mines owned by Poland-based coal producing company PGG.

Further reading

Nornickel signs support package with indigenous peoples

Russian miner Nornickel announced that it has signed cooperation agreements with three organisations representing the indigenous peoples of the Taimyr Peninsula in the Far North of Russia. The company has several operations in the region and has been criticised by indigenous peoples for its activities.

Source: Mining-Technology

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10/19/2020 15:24:09