Nerijus Adomaitis for Reuters Norway’s oil and gas reserves have made it one of the world’s wealthiest countries but its dreams for deep-sea discovery now centre on something different. Read more: Norway eyes sea change in deep dive for metals instead of oil
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REUTERS on MINING WEEKLY | 14 Dec 2017 “Electronic waste rose to a record 45-million tonnes worldwide in 2016, squandering valuable metals such as gold and copper since few trashed televisions, cellphones or other products get recycled, a UN-backed study showed on Wednesday. Rising incomes and falling prices for everything from solar panels to fridges […]
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Interest in deep sea mining has been accelerating due to the rising price of cobalt. The metal is an important component of EV batteries, laptops and cell phones. In October 2017, cobalt prices reached a nine-year high, trading at around US$30 per pound, tripling its 2015 value of US$10. The rise is not only seen […]
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REUTERS on MINING WEEKLY | 15 November 2017 “China’s top copper smelters held an unscheduled meeting in Shanghai on Tuesday to reaffirm their position that there will be no shortage of copper concentrate supply in 2018 as the key contract renegotiation season hots up. The 10 companies on the China Smelters Purchase Team (CSPT) met […]
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REUTERS on MINING WEEKLY | 15 November 2017 “Apple is leading the way in tracing cobalt used in its electronics to ensure the metal has not been mined by children in Democratic Republic of Congo while Microsoft is lagging, Amnesty International said. Microsoft disagreed with the pressure group’s conclusions published on Wednesday. Congo is by […]
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REUTERS on MINING WEEKLY | 14 November 2017 “Gold-backed exchange traded funds (ETFs) have added 3.3 t of gold to their global holdings during October, as outflows from North America mostly offset inflows in Europe, the latest data from the World Gold Council (WGC) shows. Global ETF gold holdings now total 2 347.6 t. According […]
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POLINA DEVITT on REUTERS / MINING.COM | 30 October 2017 “Demand for cobalt used to make rechargeable batteries that power electric cars has not yet translated into a tighter market, according to Russia’s Norilsk Nickel, a major producer of the metal. “The price is higher but there is no tense situation with cobalt supply now,” […]
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REUTERS on UPSTREAM | 6 September 2017 “Green groups have slammed reported plans by the Norwegian government to make taxpayers rather than oil companies pay special United Nations fees for offshore production from remote Arctic regions such as the Barents Sea. Letters sent to oil companies from the Petroleum & Energy Ministry, obtained by Reuters, […]
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REUTERS | 29 August 2017 “BEIJING (Reuters) – China Minmetals Corp [CHMIN.UL] has flagged off its maiden deep-sea venture seeking minerals in the east Pacific Ocean, a company spokesman confirmed. The ’Xiang Yang Hong 06’ survey vessel, with a crew of 26, on Tuesday left Qingdao in China’s eastern Shandong province for the Clarion-Clipperton Fracture […]
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