viernes, 4 de agosto de 2017

Warnings for safety violations at newly opened coal mine in Canada pile up — report

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Mining News Digest
Saturday 5 August 2017
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Donkin coal mine, in Cape Breton, has had at least 10 compliance orders and 29 warnings since it began producing in February, a report claims.

The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.

The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine.

In 1517, Michelangelo climbed Mount Altissimo in Tuscany and found the marble of his dreams.

The gold miners' stocks have suffered a lackluster year so far, mostly lagging gold's solid new upleg.

South Africa's mineral resources department has withdrawn its plan to impose a moratorium suspending the issuance of new mining and prospecting rights, which had drawn a court challenge by an industry group.

BHP Billiton is looking for ways to shore up power supply and bring down power costs at its Olympic Dam copper mine in Australia, as it plans to expand following a string of electrical outages, the mine's head said on Friday.

With the closing of the Coricancha acquisition, Great Panther expands its operations into Peru. In this interview with The Gold Report, CEO Robert Archer discusses the plans for operating Coricancha, the company's growth strategy and his decision to step down as CEO.

SPDR Gold Trust, the world's largest physically-backed gold fund, saw its holdings drop more than 7 percent in July, as investors dumped bullion for other assets like equities and led it to its biggest monthly decline since April 2013.

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