viernes, 9 de noviembre de 2018

Cobalt prices could rally 30% by mid-2019

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Mining News Digest
Friday 9 November 2018
Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver

Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.

The company mined at an average grade of 2.6 grams gold per tonne in the quarter.

The company achieved solid production and generated a positive cash flow.

This establishes the record for the largest shipping program ever executed in the Canadian High Arctic.

Drilling is set to resume at Florida Mountain in the first half of 2019 and is fully funded.

Chile, the world's top copper exporter, produced 4.25 million tonnes of copper in the first nine months of 2018.

Aluminium is a metal key for the transport and packaging industries but at current prices about 40% of the world's aluminium production is losing money.

The deal came amid choppy global markets, rocked by trade concerns and slowing economic growth in Asia – including Indonesia.

The miner suspended its rail operations after the incident that wrecked track and left a locomotive and wagons upturned nearly 120 km south of Port Hedland.

The world's largest producer of rare earth minerals shipped 3,100 tonnes last month, versus 4,950 tonnes in September.

Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.

Queensland state is set to unveil proposed resource regulations that will require miners to pay into an "insurance fund" for the remediation of old mines.

From now on, Aston Bay will own exclusive rights to the copper-lead-zinc-gold-silver Blue Ridge Project.

Barachois is a sedimentary hosted vanadium-selenium-silver-lead-zinc prospect that covers 1,801 hectares.

Lithium sales rose less than 1% as production slipped due to unexpected shut downs at three of our lithium manufacturing sites – Albemarle

Goldhub is intended to address a need in the market to help investors better understand gold's value as a strategic asset.

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