Global Renewables: China’s solar curb

Global Renewables: China’s solar curb

China’s suspension of approval for new subsidised grid-scale photovoltaic (PV) solar projects has led to sharply reduced forecasts for global capacity expansion in 2018. But the longer-term outlook for the sector still looks buoyant, as costs continue to fall. Advertisements

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Global Markets: Congo set to overtake US as world’s no 4 copper producer

The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo’s determination to push through a new mining code that substantially increases the cost of doing business in the central African nation.

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You Must Know This: Vale admits concern over the price of iron ore

Director of Strategic Planning at Vale, Stephen Potter, said the company is also concerned about the fall in the price of iron ore, which fell below $80 a tonne recently. The statement was made during the International Mining and Resources Conference, held in Melbourne, Australia.

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Global Mining Markets: Brazil loose competitiveness with low ore prices and may have to suspend projects

At the current price level of iron ore, below $84 a ton, only Vale is able to generate a positive cash flow, says a report from analysts at Goldman Sachs released on 9th September. Companies like National Steel Company (CSN), Gerdau and Usiminas Mining should take losses if exporting ore at current prices, according to analysts.

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