jueves, 20 de diciembre de 2018

Scotgold ready to break rock at country's first commercial gold mine

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Mining News Digest
Thursday 20 December 2018
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Cononish underground gold-silver mine is expected to produce 23,500 ounces of the precious yellow metal annually for up to 17 years.

Miner is ending 2018 on a high note after finding another two large diamonds from its Letšeng mine in Lesotho, the world's highest dollar per carat diamond operation.

The Hong Kong-based company's involvement will further extend the platform's reach into the Asian diamond sector.

The miner and one of the world's top steelmakers, have agreed to negotiate a possible extension to their iron-ore joint venture in Australia.

Industrial metal prices tumble as President Xi's defiant speech intensifies trade war fears, offer little on economic stimulus or market reforms.

In 2016, Brucejack was named the world's highest grade "rookie" gold mine.

The new material is an advanced carbon powder, it can be manipulated during manufacture to maximize the absorption of carbon dioxide.

The expansion will double the capacity of the mine and mill to 12,000 t/d from 6,000 t/d.

The inferred resource is 588,000 tonnes grading 1.57% uranium oxide for 20.35 million lb. of U3O8.

Kidman will supply 12,000 tonnes of lithium hydroxide a year to the diversified chemicals company for 10 years.

The all-share deal is likely to lead to more than 10,000 layoffs.

The deposit is one of the highest grade resource-stage gold projects in Canada.

It all started so well in 2018.

Largo expects to table a maiden resource at NAN in early 2019 after receiving all the assays from its latest program.

The major producers will talk about what they can do to support the market, if there's a possibility to do further curtailments.

The "safeguard" system is provisional pending the conclusion of the Commission's investigation.

The government aims to issue a new mining permit for Grasberg – which requires the environmental permit issues to be settled – before the end of the year.

The entire portfolio generates around $700 million in operating cashflow a year.

Listing in London would give AngloGold exposure to a big pool of investors with very few options to buy into gold equities.

The move brings the company one step closer to being granted a mining lease.

The deal closed for C$31 million.

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