jueves, 23 de noviembre de 2017

Sibanye-Stillwater soars on surprise $93 million-move on DRDGold

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Mining News Digest
Thursday 23 November 2017
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The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.

Officials for the world's largest copper mine say they are "adjusting production processes."

Eritreans' case against Nevsun likely to proceed in Canada.

The LME has sent a directive to all suppliers asking them to detail how they guarantee "responsible sourcing" of the commodities they trade in the exchange.

Northern Vertex says its Moss project has the potential to be "America's next gold mine."

Miner has one of biggest deficit outlooks on back of steel use; firm doesn't expect material EV impact on nickel until 2020.

According to the McEwen CEO, prices could surpass $5,000 an ounce in five years from about $1,280 now.

Doomsday preppers in North America bet on bitcoin; cryptocurrency is starting to impinge on gold's appeal.

Collective agreement for 1,030 unionized workers expires 11:59 EST Wednesday, after workers can legally strike and Alcoa will have right to lock them out.

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.

Mike Beck discusses the electric vehicle market, battery metal company investments, and battery metal supplies in interview with Palisade Radio.

Lawyers acting for thousands of gold miners who contracted lung diseases at work in SA mines say an out-of-court settlement could be reached by December.

PT Aneka Tambang Tbk (Antam) is targeting 11 million tonnes in nickel ore sales next year, a jump from an estimated 4.2 million tonnes this year.

Overall commodity returns have been lackluster this year, and face more poor performance in 2018, according to JPMorgan Chase & Co.

Deal represents the largest business investment to date by a First Nation entity in Canada.

A consultation with users on the fee will start on Nov. 22 and end on Jan. 12 with a view to beginning charges from April 3, the LME said in a statement.

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