Iron ore price drops as Chinese steel begins to pile up

Having trouble viewing this email?  View online Mining News Digest Saturday 16 September 2017 Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium Iron ore price drops as Chinese steel begins to pile up Chinese steelmakers are producing at record rates before mandated cuts in winter which could result in a steep drop-off in iron ore demand later this year. read » AngloGold a step closer to selling loss-making Kopanang mine in S. Africa The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company's workforce. read » Rio Tinto's chief financial officer Chris Lynch to retire in 2018 He joined the company's board in September 2011 and was appointed chief financial officer in April 2013. read » Greece tries making peace with Eldorado, grants final permits for Olympias While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities. read » Gold miners seek safety as political risks rise Canadian miner Eldorado Gold Corp's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries. read » Gold price rebounds as ETF investors pile in And on futures markets hedge fund bulls now outnumber bears by a ratio of 20 to 1 – the highest since 2012. read » S.African miner Lonmin says licence not at risk after ministry warning The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy. read » Canada's Sherritt eyes nickel products for booming battery market The rise of electric cars is spurring Sherritt International Corp to consider branching into producing the types of nickel most sought after by battery manufacturers, the chief executive of the Canadian company said on Monday. read » Canada does not need more oil sands pipelines, report claims A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets. read » Fortescue says CEO to step down, growth focus to shift beyond mining Fortescue Metals Group Chief Executive Neville Power will step down in February, a voluntary but surprise departure that sent shares sliding, as the world's fourth-biggest iron ore producer looks to diversify beyond mining. read » Mine acquisition grows production 'at a fair price' BMO Capital Markets explained the mine acquisition deal in British Columbia and its likely benefits for this precious metals miner. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Mining News Digest". You mayunsubscribe at any time. The information contained in “Mining News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Mining News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.