viernes, 23 de noviembre de 2018

Foraco’s camp in Niger attacked by terrorists

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Mining News Digest
Friday 23 November 2018
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An unnamed source told Reuters that the assailants were believed to belong to Nigerian jihadist group Boko Haram.

Mineral Resources shares spiked on the news, closing Thursday 26.6% higher at A$15.76.

Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday.

The Zimbabwean miner claims it has failed to receive $48m due in payments from the central bank for its sales in dollars, suffering losses of $44m due to lost production.

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.

The company's chief financial officer has outlined a detailed plan on how to not waste a whole lot of shareholders' money again.

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.

Nimmo was selected for the Top 100 listing based on criteria such as perseverance in the face of adversity and a trail-blazing approach.

Grupo Mexico was down 6.7 percent on Thursday at midday local time, while Penoles lost 3.8 percent.

Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts.

SolGold said that its Alpala project in Ecuador's Cascabel region was around double the size and grade quality it was known to be in December 2017.

Delrey Metals has finished its $165,000 phase one exploration program at its Sunset cobalt-copper-zinc property in BC, Canada.

King Salman inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's GDP by $6.4 billion and its non-oil GDP by 3%.

SQM said the previously announced delays were partly offset by high prices and 25% growth in demand in 2018 on sales to producers of electric vehicles.

Xinfa Group won't have to cut metal production in its home city of Liaocheng this winter and will only have to reduce alumina output by 10% for two months.

That deal is expected to end years of wrangling over ownership rights to Grasberg, the world's second-biggest copper mine.

It was supposed to be a year of mine disruptions, with the market anticipating that multiple labour contract expiries would result in at least one strike.

Local gold prices were trading near their lowest since Oct. 1, as an appreciation in the rupee made buying overseas cheaper.

Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.

The 2018 Fall Economic Statement proposes several measures that will enhance investment competitiveness of Canada's mining and metal manufacturing sectors.

Congo is Africa's top copper producer and the world's leading miner of cobalt.

"Our main difficulty is finding workers," said Gustavo Werneck, the chief executive officer, referring to its U.S. plants.

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