Volkswagen to spend $50 billion on electric car 'offensive'

Having trouble viewing this email?  View online Mining News Digest Saturday 17 November 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Volkswagen to spend $50 billion on electric car 'offensive' German automaker is also considering involvement in battery production. read » China's fight against smog makes palladium 2018's best metal Palladium prices are shattering record highs. read » Teck to name partner in Chilean copper project in December Canada's largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine's capacity to 600,000 tonnes of copper a year from the 300,000 it's expected to achieve once Phase 2 is completed. read » World Gold Council announces update to AISC guidance It is expected that companies may choose to use the updated guidance starting January 1, 2019. read » Philippines to allow some halted mines to resume operations with conditions The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector. read » McEwen's Gold Bar mine on track for commercial production in Q1 2019 The mine is expected to produce an average of 62,000 ounces of gold a year over a seven-year mine life . read » Congo lifts export ban on Glencore's copper and cobalt unit Katanga Mining and its Kamoto copper and cobalt mine is one of Glencore's most important growth projects. read » Lundin confirms job cuts at Chile's Candelaria copper mine Canadian miner Lundin is cutting 106 jobs at its Candelaria copper mine "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike. read » Barrick Gold eyes more copper assets in Congo – executive Barrick Gold is interested in buying more copper mines in the Democratic Republic of Congo (DRC) – Incoming COO of Africa and the Middle East region read » Gold miners' Q3'18 fundamentals Q3 which proved challenging for miners as lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. read » Sibanye CEO plans to resume cash dividend payments in 2020 CEO Neal Froneman says he'd consider buying more gold assets in South Africa or elsewhere, once the company reduces its debt. read » Australia's coal revival in full swing by 2019 The outlook for coal depends basically on the growth of electricity and steel production in Asia. read » BHP blames driver error, brake problem for runaway train wreck BHP said its initial findings of the Nov. 5 incident showed the nearly 3-km (1.9 miles) long train came to a halt after a braking system control cable became disconnected. read » South Africa's Eskom revises coal contract strategy, seeks supply security Eskom, which supplies more than 90 percent of the nation's power, has warned of potential power outages amid low coal inventories after a major supplier cut supplies and sought insolvency protection. read » White Metal expands property during Newfoundland's gold rush White Metal is expanding its gold property located in the Botwood Basin. read » OceanaGold to acquire gold/silver project in Nevada The Melbourne-based miner is interested in the Highland gold/silver project, located within the Walker Lane Gold trend. read » Gold miner smuggles in workers by night to bypass strikers Gold Fields is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2. read » Vedanta sells copper concentrate from stockpiles at shuttered India smelter The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters. read » Asia Gold-India swings to premium; benchmark price dip lends appeal elsewhere Dealers in India were charging a premium for the first time since early September — of up to $3 an ounce over official domestic prices this week. read » India state may cancel NMDC's Donimalai mine lease in levy dispute Following the news, NMDC shares fell as much as 7.4 percent to 99.20 rupees, their lowest since July 25, marking their biggest single-day fall since Aug. 9. read » Private equity-firm resumes drilling at high-grade Nevada Gold project A Nevada gold project, once fast-tracked to production, is the focus of additional exploration. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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