miércoles, 19 de diciembre de 2018

This odd couple plots to save $100B gold mining business

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Mining News Digest
Wednesday 19 December 2018
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"This is now Mark Bristow's company and I think John knows that."

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

The Germany-based fertilizer producer raised production outlook as weather-related production stoppages at one of its plant will be shorter than previously thought.

Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company's second biggest shareholder BHP.

Coal consumption is on the rise and will remain roughly stable over the next five years, the International Energy Agency forecasts.

Japan's biggest trading house is selling its 31.4% stake in Clermont coal mine to a 50-50 joint venture between Glencore and Sumitomo Corp, and its 10% stake in Ulan coal mine to Glencore.

The investigation tracked the plights of former coal miners suffering from the disease.

All indications point toward a large copper-gold porphyry system.

The Kalta decline is key to reaching the Southern mine area where BHP is mining high grade copper resources.

Palmer is a volcanogenic massive sulphide-sulphate joint venture project between Constantine and Dowa Metals and Mining, Constantine owns 51% of the project and is its operator.

BHP said it expected to record a charge of $650 million in its fiscal 2018 results on account of the failure but the charge was at the lower end of expectations according to analysts.

Most ore will be sourced locally from various locations including the northwestern states of Zamfara, Kebbi and Kaduna, as well as the central states of Kwara and Niger.

Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold's appeal firming.

The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014.

Various international groups had expressed interest in exploring for lithium in Portugal, which is the world's sixth-largest lithium producer, and Europe's biggest.

Inalum was proposing to sell a 10% stake in PT Freeport Indonesia to Papua for $819 million.

"Places like the Methow Valley should be protected"

The Vancouver-based miner consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia.

The Kelowna-based miner plans to establish up to 60 drill sites and four kilometres of exploration trail near Merritt.

Skyharbour secured an option to acquire the Moore property from Denison Mines in June 2016.

Glencores Katanga Mining has today agreed to pay $22 million to settle allegations by Canadian regulators that it had failed to comply with disclosure requirements,

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