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Reuters

Orion Resource Partners raising $500m in royalty, streaming fund - sources

26th June 2018 Orion Resource Partners is raising up to $500-million in a fund financing potash, tungsten and iron-ore mines, sources close to the matter said, meeting miners' need for funding and investors' appetite for long-term assets. Miners are turning to alternative sources of finance as the industry has... 

Poland's KGHM adjourns AGM until July 6

26th June 2018 Polish State-run miner KGHM on Tuesday adjourned its annual general meeting of shareholders until July 6. At the meeting, which began on Tuesday before being adjourned, shareholders were expected to vote on the company's proposal not to pay a dividend for the first time in many years. 

Alrosa to base dividends on free cash flow - Ministry

26th June 2018 Russian State-controlled diamond miner Alrosa will base its dividend payments on free cash flow rather than net profit starting from 2018, the Finance Ministry said on Tuesday. The company's dividend payouts will not be lower than 50% of net profit, the ministry added. 

EU could have measures to curb steel imports by mid-July

26th June 2018 The European Union could start measures by mid-July to curb steel imports, which could be surging due to US tariffs, EU Trade Commissioner Cecilia Malmstrom said on Tuesday. The European Commission launched an investigation into possible "safeguard" measures at the end of March. It is set to last... 

Land, mining uncertainty threatens South Africa growth – Moody's

26th June 2018 South Africa's economic growth prospects will be limited by weak business confidence while uncertainty around land and mining reforms remain a concern for investors, ratings agency Moody's in research report on Tuesday. "Uncertainty over how this (land reform) will be achieved continues to limit... 

Gold ETFs headed for weakest month since July 2017, despite trade war jitters

26th June 2018 Gold-backed exchange-traded funds (ETF) tracked by Thomson Reuters were headed for their weakest month since July 2017, as investors covered losses in equities, commodities and other markets caused by tariff disputes. Gold, typically seen as a safe store of value during times of geopolitical and... 

Workers at Codelco's Chuquicamata mine threaten strike

26th June 2018 Workers at Codelco's Chuquicamata copper mine in Chile, the State miner's second largest by output, are threatening to walk off the job soon to protest plans to transform the century-old openpit into an underground mine, a union leader said on Monday. Four of the Chuquicamata's six workers'... 

Tantalum miner threatens expansion at Australia's biggest lithium mine

25th June 2018 A partner in one of the world's largest lithium mines said on Monday trial dates have been set to determine whether expansion at the Western Australian mine, in which China's Tianqi Lithium holds a stake, would unfairly impact its minerals rights. Private-equity backed Global Advanced Metals... 

Codelco says unions at Salvador mine reject early wage deal

25th June 2018 Chile's Codelco, the world's top copper miner, said late on Friday evening that workers' unions at its small Salvador copper division had rejected an early wage deal from the company, pushing off further negotiations until later this year when its contract expires. The State-run miner said... 

Chile's SQM decides not to hire ex-chair Ponce as adviser

25th June 2018 Chile lithium miner SQM said on Friday it had decided against hiring former chairman Julio Ponce as an adviser, reversing a decision that had sparked criticism from politicians and Chile's business community. SQM announced plans to hire Ponce earlier in June, just months after the miner inked a... 

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