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

Having trouble viewing this email?  View online Iron Ore News Digest Wednesday 29 November 2017 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Anglo to halt Minas Rio in Brazil if expansion licence delayed further 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. read » Mine site restoration needs more time: Australian researchers They say the mining industry is being asked to achieve thousands of years of natural soil development in under a decade. read » Archaeologists find connection between metalwork and Iron Age feasting rituals Found during an excavation at Glenfield Park, Leicestershire, the collection is unprecedented in terms of the overall mix of findings. read » Iron ore will go back to $50, says Goldman Sachs Analyst Hui Shan said that Goldman's projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12. read » Tax payments from Minnesota's iron ore industry show lower production Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015. read » BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations The world's No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years. read » Investors force Rio Tinto to ditch plans to have Mick Davis as chairman Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world's biggest money managers. read » Mineral Resources not surprised by Environment Minister's rejection of its Western Australia project "This position has remained unchanged for a number of years," the miner said. read » The race to make mines smarter SAP touts success with its own AI and predictive analytic tools. read » Brazilian miners up in arms as lawmakers hike iron ore, gold royalties They claim it won't be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain. read » Sibanye-Stillwater soars on surprise $93 million-move on DRDGold The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD. read » Vale says still looking to sell stake in New Caledonia nickel mine 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. read » Hong Kong taking on Singapore for iron ore trading dominance Last week Hong Kong Exchanges and Clearing started trading iron ore futures. read » Northern Quebec iron ore mine to re-open by March The Bloom Lake mine in northern Quebec will be back in business by March of next year, according to its new owners. read » Number of active mining projects by province ranked Ontario is number one. read » BHP-Vale deal distances Brazil mine from $53bn in lawsuits Miners' lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits from 2015 Samarco dam spill. read » Vancouver is the world's mining capital Sorry Toronto and Perth. read » BHP to exit shale within two years, sell nickel assets "We have a strong sense of urgency," chief executive Andrew Mackenzie told reporters following the company's annual general meeting in Melbourne. read » UN urges miners to better regulations needed to prevent disasters According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed. read » Australia's Clive Palmer wins court case against China's CITIC Palmer's Mineralogy claimed it is owed money by CITIC's Sino Iron mine in Western Australia over a failure to agree to a formula for calculating the value of the ore extracted at the site following a shift in pricing in the iron ore market. read » Dalian coking coal, iron ore extend rally to 10-week high China's coal imports dropped 21 percent in October as government moves to replace coal with cleaner fuel, iron ore prices followed coal futures higher. read » Brazil's Congress approves higher mining royalties Brazil's lower house passed a bill that would boost royalty rates on iron ore by 75%, as both houses voted in a win for President Michel Temer's reform agenda. read » BHP, Vale get extension to settle $48 billion Samarco claim 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 […] read » Russia's VTB Capital aims to double gold sales to China in 2018 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. read » Russia miner Nornickel sees capex rising by 2019-2020 The company plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018. read » Brazil's Samarco mine sees need to cut staff by 600 Samarco said it would resume talks with two unions on Friday following Thursday meetings on the need to reduce staff to 1,135 from 1,735. read » China Oct zinc, copper output highest in 3 years Zinc production rose 3.8 percent to 577,000 tonnes year-on-year, while copper was up 6.3 percent at 781,000 tonnes, the data showed. read » Read more Iron Ore news on MINING.com » Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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