jueves, 26 de octubre de 2017

Why did this slide wipe $1.3B from Teck's market value?

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Mining News Digest
Friday 27 October 2017
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The wrong coal mix saw shares in Teck Resources, Canada's largest diversified miner, tank 9.5% on Thursday.

BMI Research raised the 2018 aluminium price forecast to $2,000/tonne, from a previous forecast of $1,900/tonne.

The London-listed company sealed a 7-year commercial deal with Wilmar Group.

A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.

The miner wants to address the needs of European automakers.

Alliance Mining Commodities will invest $670 million over the first five years of production at its mine in northwestern Guinea, Saadou Nimaga.

Disappointed shareholders sink Barrick Gold shares 7.6% after $300m settlement with east African country over export ban is labelled a "downpayment".

The miner said its all-in sustaining costs to produce an ounce of gold rose $18 to $943 due to higher exploration and project expenses.

The mining company said gold production rose to 11,576 kg in the three months to September 30 while group operating profit was $216.8 million.

Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.

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