About $1.7M worth of silver end up in Switzerland’s sewers every year

Having trouble viewing this email?  View online Silver News Digest Thursday 19 October 2017 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About $1.7M worth of silver end up in Switzerland's sewers every year Researchers at the Swiss Federal Institute of Aquatic Science and Technology (EAWAG) estimate that roughly 3,000 kg of the metal was flushed away last year. read » Investors pile into Peru's $2 billion Michiquillay copper project Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20 read » Mitsui to build desalination plant for BHP's Spence copper mine in Chile The project will be the Japanese company's first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen). read » About a third of global concentrates now registered to trade on this new exchange Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates. read » Key permit granted to McEwen's Gold Bar project in Nevada Company expects the full permitting process to be completed by December. read » Move over gold, diamonds may become one of the greatest safe-havens The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset. read » Barrick to pay $20 million to settle Pascua-Lama arbitration case Arbitration case against the company was filed last year after the miner halted payments due to a local group. read » Mexico's mining sector to reach $17.8bn by 2020 on zinc prices, strong pipeline Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery. read » CHARTS: Mining's 2017 rally forecast to fizzle out Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank. read » Gran Colombia Gold to switch Marmato project from open pit to underground Marmato underground gold mine is expected to have a minimum 12-year productive life, generating over 1.5 million ounces of the precious metal during that time. read » Glencore to spend $956M to increase stake in Peru's largest zinc producer The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders. read » Mandalay Resources mothballs Cerro Bayo mine in Chile Operations have been suspended since a June 9 incident that flooded the mine, killing three workers. read » Brazil's president revokes decree allowing mining in Amazon It would have opened up for mining a vast national reserve in the country's Amazon, larger than the size of Switzerland. read » BHP says 2017 a 'tipping point' for electric cars Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil. read » US landowners oppose Canadian company's gold search Mineral Mountain Resources wants to drill 20 holes on federal land a couple miles south of the community of Rochford read » New Talisman Gold buys 80% of New Zealand's Rahu Project The New Zealand-listed company acquired 100 per cent of Newcrest NZ Exploration, a Newcrest Mining subsidiary read » Eldorado defers decision to halt operations in Greece as talks with Gov't begin Company said it preserved the right to shut down operations in the country and to take legal actions to protect itself and its assets should the dialogue with the ministry of energy and environment fails. read » First Majestic Silver output climbs The Mexico-focused miner produced 4 million ounces of silver in the third quarter of 2017 from its six operating silver mines. read » LME to expand trading around gold and silver reference prices The LME expects three more clearing members to join its precious metals contracts by year-end. read » Emmanuel Macron's new wealth tax to be imposed on expensive jewellery A September proposal to replace the tax on high-end assets with just a real estate tax was met with public uproar. read » Canada's First Majestic Silver says four workers die at Mexican mine Canadian silver miner First Majestic Silver Corp said on Tuesday four miners died from gas intoxication at its La Encantada Silver Mine in Mexico. read » McEwen Mining completes purchase of Black Fox complex The transaction closed today and included the Black Fox underground gold mine, stock mill, workforce, and nearby Grey Fox and Froome development projects. read » Russia's Otkritie bank gets stake in Polymetal Polymetal is a Russian gold and silver producer. read » Read more Silver news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   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