jueves, 22 de noviembre de 2018

BHP searching for assets with lessons learned during downturn in mind

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Mining News Digest
Thursday 22 November 2018
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The company's chief financial officer has outlined a detailed plan on how to not waste a whole lot of shareholders' money again.

Deal would create the world's No.2 platinum producer.

Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.

Deal with the Alaska Peninsula Corporation (APC) secures the company's right to use defined portions of APC lands to build and operate roads for the stalled Pebble copper-gold-silver project.

Constantly rising currency inflation means small amounts of gold are being used to pay for everyday staples.

About 500,000 electric vehicles (EVs) were sold globally in 2016, a figure that is expected to jump sevenfold by 2022 – U.S. Energy Information Administration

Analysis shows oil consumption growing in coming decades, due to rising petrochemicals, trucking and aviation demand but meeting this growth in the near term means that approvals of conventional oil projects need to double.

They don't call it "Windfall" Lake for nothing.

The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.

The Marathon deposit has the potential to develop an underground mine but for now management believes it's more cost-effective to find open-pit resources at US$10 per ounce rather than more costly underground resources.

South Africa's Sibanye has proposed to buy Lonmin for about 285 million pounds ($365 million) to create the world's No. 2 platinum producer.

Given the tightness in zinc metal availability, smelter supply currently trumps mine supply.

Our options are actually quite limited when it comes to the globe's energy dilemma, the answer is nuclear energy and lithium-ion battery storage technology. Now all we need to do is convince the politicians.

Due to better coal economics and relatively unsupportive renewable energy policies, we expect coal to still dominate the fuel mix at more than 60% from now until 2027.

Chinese production dropped sharply last month, and unless the Shanghai market can break out of its downtrend, more smelter casualties seem likely.

Richard Williams who served as Barrick's chief of staff and later chief operating officer was assigned in February to work full-time on securing a deal between the Tanzanian government and Acacia Mining Plc.

Once the company completes a series of payments, the Secretariat of Environment and Natural Resources would be able to issue the formal approval documentation for the project.

Lower-grade shoulders are being left on the walls and only the higher-grade portions are being extracted.

Nornickel's current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme.

Balisi was appointed as Managing Director on 1 January 2014 and his leadership has seen Debswana record unprecedented performance across a number of business areas.

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