domingo, 24 de septiembre de 2017

UK Labour leader says he'll invest in former mining towns and steel industry

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Mining News Digest
Monday 25 September 2017
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Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries.

A preliminary economic assessment for a mine on Vancouver Island, British Columbia is showing promising economics – despite being in a jurisdiction challenging to build mines.

Key says two of the biggest advantages of flying drones at Kennecott are safety and maintenance.

Public prosecutor for the state of Minas Gerais, where the iron ore mine is located, ordered the company to reschedule two public meetings as it had failed to inform of it to all communities potentially affected by the planned expansion.

Gold bars are not impacted by the export ban on gold and copper concentrate imposed by the Tanzanian government in March.

"My belief is that the most important factor in the gold price, is global faith in the purchasing power of the US dollar, and faith in US Treasury securities."

Gov. Scott Walker voted to ban copper and gold mining in Wisconsin two decades ago. Now he may be asked to lift the one of-a-kind prohibition as his fellow Republicans push to continue opening up the state's north woods to mining.

After an 11% increase in 2017's first quarter, the Canadian Mining Eye index dropped 7% in the second quarter, according to professional services firm EY.

Nickel slid 5 percent to a five-week low on Friday after trading fees were raised in China to dampen speculation and steel prices dropped with other metals as investors shunned risky assets after more North Korean tensions.

The companies are likely to announce an agreement by next week.

The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.

A look into the work experiences, lives, and health risks of garimpeiros, illegal Brazilian gold miners.

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