viernes, 13 de octubre de 2017

Iron ore price soars as Chinese imports reach record high

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Mining News Digest
Saturday 14 October 2017
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Monthly cargoes top 100 million tonnes for the first time ever.

The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."

Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.

No appeal against Vancouver-based Excelsior Mining's state operating permit for its Gunnison project in Cochise County.

Local gold prices were trading around 29,760 rupees per 10 grams on Friday, up nearly a percent from last week.

"The Kobe Steel crisis is definitely helping other steel producers," Wunderlich Securities chief market strategist Art Hogan said.

In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, … but what is the link between the Chinese yuan (officially: renminbi) and the yellow metal?

Canadian start-up EnviroLeach has created a new environment-friendly chemical process with the potential to transform precious metal extraction in the mining and electronic waste (e-waste) sectors.

London's Court of Appeal opened the way for nearly 2,000 Zambian villagers can pursue a claim for damages.

With the third quarter's earnings season now underway, the gold miners will soon join in and report their latest results

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