Platinum price gets $6 billion shot in the arm

Having trouble viewing this email?  View online Mining News Digest Friday 14 December 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Platinum price gets $6 billion shot in the arm But short term pain will persist. read » Barrick aborts earn-in joint-venture on ATAC Resources' Orion project Shares of ATAC Resources plunged 25% on news that Barrick Gold is terminating its earn-in joint venture on the junior's Orion project. read » Bacanora Lithium seeks listing of German unit in 2019 The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year. read » Caterpillar CEO Jim Umpleby now also company's chairman Umpleby has been a member of the board and CEO since Jan. 1, 2017. read » Delrey Metals acquires vanadium assets in British Columbia The Blackie property is located in a historic mining district. read » Wesdome upgrades Kiena resources, extends Deep A zone along plunge Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d'Or. read » Indonesia's Silkroad Nickel inks $290m offtake agreement The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020. read » Canadian coal plants to be phased out by 2030 The government says it wants to have 90% of this country's electricity generated from non-emitting sources. read » Detour Gold interim CEO, chairman lose out to Paulson nominees Paulson, who owns about 6% stake in the gold miner, had nominated eight members to the board. read » Waterton seeks CEO, board changes at Canadian miner Hudbay Waterton, which raised its stake in the company to nearly 10% from 7%, also said it had withdrawn its request for a special shareholders' meeting. read » BHP's $20B Canadian potash dilemma: To build or not? BHP Group may be heading for another clash with investors as the world's biggest miner gets closer to a decision on whether to build, sell or mothball. read » Capturing the value of veterans in mining Capturing the diverse skills and talents of highly-trained defence force personnel as they transition to civilian work requires a specialised approach. read » Cuba sees nickel output topping 50,000 tonnes Nickel is one of Cuba's most important exports, but revenue from it has suffered in recent years due to a decline in production and prices. read » Australian rail workers plan strikes that could hit key coal haulage tracks Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said. read » Gold Fields to restart production in South Africa as workers return Workers downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine – near a third of its workforce. read » Sibanye-Stillwater extends wage agreement to striking gold workers Potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November. read » Zimbabwe mining minister invites De Beers, Vast Resources to return It would make them the first listed companies to mine there in that sector for two years, Mining Minister said. read » Kirkland Lake drills high grade extensions at Fosterville The company expects to produce at least 330,000 oz. gold in 2018 at Fosterville. read » Eskom debt swap not an option – South Africa's Ramaphosa Eskom, which has implemented power cuts due to coal shortages and poor plant performance, said it wants the government to take on $7 billion of its debts. read » OK2 buys three mines in Scandinavia Together with the acquisition, the Vancouver-based miner will change its name to Norra Metals Corp. read » Workers at Codelco's iconic Chuquicamata mine down tools World's No. 1 copper producer says mine operating normally despite labour unrest. read » Minera Alamos gets funding for Mexican gold project The Toronto-based miner needed to complete a change of land use payment. read » China aluminium smelter shuts 250,000 tonne capacity, eyes Sichuan move Aluminium smelters in China are struggling to make money at current Shanghai aluminium prices resulting in significant output cutbacks. read » Indonesia coal miner Bayan completes A$226m buy back of Kangaroo Resources "The aim of this share purchase is so that the company can have full control over its subsidiaries owned indirectly by Kangaroo Resources." read » Amplats expects 20% jump in full-year earnings Helped by an increase in the rand basket price and improved operational performance. 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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