lunes, 20 de noviembre de 2017

Anglo to halt Minas Rio in Brazil if expansion licence delayed further

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Mining News Digest
Tuesday 21 November 2017
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The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.

In an alliance with International Mining and Dredging Holdings, the Canadian miner ran a bulk sampling program whose results "were extremely encouraging."

The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.

The miner denied it had decided to suspend the sale of a stake in its loss-making New Caledonia nickel mine (VNC), and added that its plan to find a partner is still a go.

President Rodrigo Duterte's decision not only ignores demands from pro-mining groups but also from members of his own government, including the current environment minister Roy Cimatu.

"Back in March of this year we noted that the gold stocks could be following the path of recovery of housing stocks since their 2009 bottom."

BHP Billiton Ltd and Vale SA have secured a 150-day extension from a Brazilian court to negotiate a settlement of a $48 billion claim stemming from the Samarco mine disaster in 2015, BHP said on […]

The company's new strategy includes a pre-feasibility study that envisions a high-grade underground mine and puts on hold development plans for the project's larger open-pit deposit.

Some companies are good at takeovers. Rio Tinto Group isn't one of them.

With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.

The Critical Investor profiles a company exploring a high-grade zinc property, and explains why he believes the upcoming PEA could surprise markets.

Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.

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