lunes, 21 de agosto de 2017

BHP exiting oil and gas

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Mining News Digest
Tuesday 22 August 2017
Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium

After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.

Another big day on Chinese futures markets as seaborne iron ore prices approach $80 a tonne.

Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine.

The miner, Africa's biggest gold producer, reported a loss of $176 million in the six months to June 30, compared to a profit of $52 million in the same period last year.

A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.

Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.

I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element.

Zambia's state power company reduced electricity supply to two First Quantum copper mines because the mining firm had failed to pay the new flat electricity tariff.

This new large wheel loader joins the industry leader 988K and the recently launched 986K wheel loaders.

Due to uncertain timing on the need for the commodity used as fertilizer

1 Day Spot Gold Price
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