viernes, 20 de octubre de 2017

Rio Tinto wants out of Grasberg now

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Mining News Digest
Saturday 21 October 2017
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New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

Permit lets Bacanora go-ahead with its 35,000tpa (tons per annum) lithium carbonate operation in Mexico.

Highland Copper jumps 18% after announcing a 46% increase in resources at its Copperwood copper and silver project in Michigan's Upper Peninsula.

Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018.

Chief Financial Officer Andrew Wray said the company doesn't even have the ability to make the upfront $300 million payment Barrick has promised to the government of Tanzania as part of a deal reached Thursday.

With the newly unearthed 34.17-carat diamond, Alrosa has hit an annual record in the number of large fancy-coloured stones found at its operations.

David Morgan uncovers supply and demand fundamentals on mining, cost of production, utility, and ratios in Proven and Probable interview.

The economic stance adopted by the new leaders will be crucial given China's recent economic slowdown.

If successful, the mines could fetch around $2bn and complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminum.

In light of the 30th anniversary of the Black Monday Crash in '87 we should be reminded that investor anxiety usually increases when markets get to extremes.

PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.

Mills in some northern Chinese cities ordered to cut output, acting on government policy to fight smog caused by pollution from industrial plants.

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