jueves, 2 de noviembre de 2017

De Beers’ Victor mine closing doors in 2019

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Mining News Digest
Friday 3 November 2017
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The has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.

The de-risking milestone is for the company's Sonora project in Mexico, expected to produce 35,000 tonnes a year of lithium carbonate.

The Tanzanian gold producer, majority owned by Barrick, has been locked in a months-long dispute with the local government.

The 4,349-mile-long, three-mile-wide corridor would stretch from the Northwest Territories down through to southern parts of the nation.

Company lost $69 million in its latest quarter as it more than doubled its production compared with a year ago.

Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.

The two employees were fatally injured as a result of contact between a haul truck and a van at the mine. Other eight individuals involved in the incident were taken to hospital with minor injuries and were subsequently released.

Mike Beck gives a provides a detailed analysis on lithium, uranium, and nickel.

The country's mining sector is emerging from years of contraction and the impact of recent severe drought eases, the finance minister said on Thursday.

Company said it did not know why the operations had been suspended, but a source familiar with the situation pointed to political disputes between Kazakhstan and Kyrgyzstan.

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