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Tesla manager sees risk of battery-minerals shortage in future

3rd May 2019 Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla representative told US officials and mining executives in a meeting in Washington. Prices for some of... 

Kyrgyzstan bans uranium mining after protests

3rd May 2019 Kyrgyzstan's Parliament voted on Thursday to ban uranium exploration and mining in the Central Asian nation despite previously issuing licenses to foreign companies such as Canada's Azarga Uranium. The move, which may expose the Bishkek government to compensation claims from foreign investors,... 

Struggling junior miners woo investors to fund exploration projects

3rd May 2019 Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into... 

Mine versus lab: how green is your diamond?

2nd May 2019 Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors. The US Federal Trade Commission, which investigates... 

Absa PMI rises in April as blackout fears ease

2nd May 2019 South Africa's seasonally adjusted Absa Purchasing Managers' Index rose in April, breaking a run of three consecutive months of decline as business activity and new sales orders increased, a survey showed on Thursday. The index, which gauges manufacturing activity in Africa's most industrialised... 

Dutch court to hear case vs Shell brought by widows of hanged Nigeria activists

2nd May 2019 A Dutch court said on Wednesday it has jurisdiction to hear a damages suit brought against Royal Dutch Shell by four widows of activists executed by the Nigerian government in 1995. In a preliminary decision, judges at the Hague District Court said they would allow the suit to go forward, a rare... 

As Canada's Lucara Diamond seeks new mines, tech fuels growth

2nd May 2019 Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive. For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic... 

Mexico to recover bodies of miners killed in 2006 blast

2nd May 2019 Mexican President Andres Manuel Lopez Obrador pledged on Wednesday to recover the more than 60 remaining bodies of miners killed in a massive coal shaft explosion in 2006, a mission he described as a humanitarian promise made to victims' families. The announcement came on Mexico's Labor Day... 

Iamgold CEO expects more buyout deals in gold industry

2nd May 2019 The gold industry is likely to see an increase in buyout deals in the near future as miners fight to attract a shrinking pool of investment capital, the chief executive of Canada's Iamgold said on Wednesday. The industry's buyout frenzy was sparked earlier this year when Barrick Gold and... 

Vale minority shareholders elect independent member to board

1st May 2019 Minority shareholders of Brazilian iron ore miner Vale SA succeeded in electing a representative to the board of directors at the company's shareholder meeting on Tuesday, a person who attended the meeting told Reuters. Independent member Patricia Bentes was elected under a new cumulative voting... 

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