martes, 17 de octubre de 2017

SEC charges Rio Tinto, former top executives with fraud

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Mining News Digest
Wednesday 18 October 2017
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Lawsuit against ex-CEO Tom Albanese, CFO Guy Elliott centers on $3.7 billion acquisition of Mozambique coal assets in 2011 later sold for just $50m.

Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.

Sprott, Ivanhoe Mines, Novagold board member stands by comments: "If stating some historical facts makes me a racist, then I suppose that I am a racist."

Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.

Rio Tinto production of refined copper at the Utah-based division has been halted since Oct. 8 after a worker was exposed to sulfur dioxide gases at the plant. The employee died two days later.

Part of a coal mine in Turkey's southeastern province of Sirnak has collapsed, leaving eight workers trapped inside.

The truth, in regards to the world's mineral resources, is that we in the western developed countries are usually not in control of supply.

The Chinese government's Made in China 2025 initiative will have a significant impact on copper demand in China, according to new research commissioned by the International Copper Association.

The world's largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.

French firm has secured an eight-year contract to provide power cable and support services for the Mosaic K3 potash mine in Canada.

India's Multi Commodity Exchange (MCX) has launched the country's first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras.

Delayed ramp-up at Escondida, mine sequencing at Kennecott.

Oreninc Index jumps as big deals announced.

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