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Mining weekly

14 October 2019

  • Guinea's Nimba iron-ore project gets green light to export via Liberia
    Guinea and Liberia signed a deal on Friday to allow several mines in Guinea, including the giant Nimba iron-ore project, to export through Liberia, officials from the West African countries said. The logistics of transporting tonnes of raw materials to port from mining sites in remote parts of Guinea has been a major hurdle for prospective developers of the country's vast mineral wealth.
  • Coal industry pushed regulators to lobby for power rescue
    A series of letters from state energy regulators asking the Trump administration to act on coal plant closures was orchestrated by a coal lobbying group, emails show, raising questions about the independence of the public service commissioners. Utility commissioners in six states pressed the Federal Energy Regulatory Commission to act on an inquiry into whether coal plant retirements are threatening the electric grid. The state officials sent letters to FERC at the request of the American Coalition for Clean Coal Electricity, according to the emails and Jon McKinney, a consultant for the coal group working on the effort.
  • MMG's Las Bambas copper mine faces production halt amid protests
    Chinese miner MMG is likely to have to halt production at its Las Bambas copper mine in Peru "within a week" due to protests that have blocked access to the site, a senior local executive told Reuters on Friday. Alvaro Ossio, the mine's vice president of finances, said Las Bambas, Peru's largest copper minefield, had declared "partial" force majeure with contractors and was evaluating doing the same for copper sales.
  • Unrest impacting on what will be Ecuador's biggest gold mine
    The ongoing civil unrest in Ecuador has started to impact on the activities of the Fruta del Norte gold project, with mining, earthworks and plant commissioning activities having been temporarily ceased, or reduced. Toronto-listed Lundin Gold reported on Sunday that the ongoing road blockades, which erupted in the country on October 3, had prevented the movement of key supplies and personnel to and from Fruta del Norte.
  • Sirius shares gain on Qatari supply agreement
    London-listed Sirius Minerals on Friday announced that it had signed a ten-year supply and distribution agreement with a State-owned Qatari company, sending its share price up 3.5% to 3.55p each by 15:30. Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) will sell and distribute POLY4 into Africa, Australia, New Zealand and certain remaining Middle-Eastern and Asian territories.

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