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G20 sees need for 'dialogue,' fails to diffuse trade war threat G20 sees need for 'dialogue,' fails to diffuse trade war threat
Published: 21 Mar 18
The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the world's 20 biggest economies, which represent 75% of world trade and 85% of global gross domestic product, discussed trade disruptions as a risk to growth at a two-day meeting.
Workers at Chile's Los Pelambres mine extend contract talks - industry group
Published: 20 Mar 18
Workers at Antofagasta's Los Pelambres copper mine, in Chile, have opted to extend a period of government mediation in an effort to reach agreement on a new labour contract, an industry group said on Tuesday. Workers in the mine's largest union last week rejected an offer for a new labor contract, triggering a period of government mediation and paving the way for an eventual strike.
Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish
Published: 20 Mar 18
Junior project developer Eco Oro Minerals is pursuing a $764-million judgement against Colombia after a court ruling has cancelled exploration over half its concession as part of national efforts to preserve high-altitude wetlands, known as the Páramos. The Vancouver-headquartered company has filed a memorial on the merits with the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in its arbitration case against Colombia.
Capstone reports Cozamin fatality
Published: 20 Mar 18
Operations at Canadian base metals miner Capstone Mining’s Mexico-based Cozamin mine were temporarily suspended on Sunday, after an electrician lost his life while working on an underground voltage regulator. The worker was immediately transported to a hospital in Zacatecas state, where he later passed away, the miner reported late on Monday.
Civil society organisations oppose coal IPP generation licence applications
Published: 20 Mar 18
Civil society organisations will use next week’s public hearings into the generation licence applications for the Thabametsi and Khanyisa power station projects to raise their objections to the new coal-fired power stations that private developers plan to build in Limpopo and Mpumalanga. The Life After Coal Campaign, which comprises the Centre for Environmental Rights, Earthlife Africa Johannesburg and groundwork, said on Tuesday that it would challenge the applications for the new coal plants at the National Energy Regulator of South Africa’s (Nersa’s) public hearings on the grounds that the power stations would be harmful to the environment and human health.
Rio Tinto fears impact of trade war concerns despite tariff exemptions
Published: 20 Mar 18
Global miner Rio Tinto sees fears of a trade war between the US and China weighing on its shares, even after the company won an exemption from US tariffs for its Canadian aluminium exports. Nearly a third of all aluminium consumed by the US is supplied by Rio Tinto from Canada.
Katoro suspends Imweru feasibility work as it assesses project’s economic viability
Published: 20 Mar 18
Aim-listed Katoro Gold is assessing the economic viability of its Tanzania-based Imweru gold project, based on the results of a prefeasibility study and the new mining legislation and regulations being implemented in Tanzania.   The company said in a statement on Tuesday that an integral part of its assessment will include consideration of a further exploration work programme to enhance and expand the current resource, by exploring some of the previously identified exploration targets that form part of the project.
Investec amends Buffalo Coal term loan, revolving credit facility
Published: 20 Mar 18
Coal miner Buffalo Coal Dundee, a wholly-owned subsidiary of TSX-V- and AltX-listed Buffalo Coal, has entered into an amendment to its term loan and revolving credit facility with Investec Bank. Pursuant to the amendment, the working capital facility under the Investec facility was increased by R16-million (about C$1.75-million) to R96-million (about C$10.5-million), with the aggregate Investec facility increasing from R220-million (about C$24-million) to R236-million (about C$26-million).
Geographical diversification bodes well for South Africa’s Master Drilling
Published: 20 Mar 18
South Africa-based raisebore driller Master Drilling’s expansion into new markets, particularly its recent entry into India and Australia, should stand it in good stead to benefit from a global uptick in the commodity cycle. The JSE-listed company in November announced its entry into the Indian and Australian markets and in February bought Swedish firm Bergteamet Raiseboring Europe, which it intends to use as a launchpad for further expansion in Europe. 
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