miércoles, 12 de julio de 2017

Pebble mine a step closer to reality as EPA to withdraw restrictions

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Mining News Digest
Thursday 13 July 2017
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The agency has proposed revoking its 2014 determination banning any large-scale mine in the area where Pebble would be built on the grounds it would damage the region's key salmon industry.

Despite hedge funds' bearish bets, silver price's 14-year uptrend is very much intact and investors continue to pour money into silver-backed ETFs.

Gold spiked in Asian hours Wednesday, trading as high as $1,220.35 an ounce compared with a low of under $1,208 hit on Tuesday.

First discovered in 1961, Sukhoi Log in eastern Russia holds 62.8 million ounces of gold.

Australia's New South Wales state said on Wednesday it would buy back half of a coal exploration licence from China Shenhua Energy Co Ltd , bowing to pressure from farmers and environmentalists opposed to mining on prime agricultural land.

According to PwC's Mine 2017 report, Canada's largest mining companies played a key role in the international mining sector's emerging growth.

Ma'aden operates six gold mines in the Central Arabian Gold Region, western Saudi Arabia which contains much of the Kingdom's gold rich ore deposits.

Democratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 billion project was hit by financing problems.

NFEx says in talks with several clearing houses

The Property is located adjacent to the prolific Keno Hill silver camp where 222.5-million ounces of silver have been produced up to the end of 2013.

The rebalancing of the GDXJ and other factors offer buying opportunities in the precious metals space, says Ralph Aldis, portfolio manager at U.S. Global Investors, who discusses a number of companies he believes offer good value in today's marketplace.

"We got the results back and they were off the canoe!" declares prospector John Robins in his Vancouver office Thursday, recalling the 2002 Aviat diamond discovery now controlled by Stornoway Diamonds.

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