jueves, 9 de noviembre de 2017

Weak uranium prices force Cameco to halt two operations in Canada

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Mining News Digest
Friday 10 November 2017
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Company will suspend operations at the McArthur River and Key Lake at the end of January for at least 10 months.

The three-year wage agreement was signed by all three unions, the company said.

Miner said it would the project back into "care and maintenance" and re-assess its investment in it upon approval and receipt of required permits.

Collapse of $750m mining deal sparks criticism that Canada needs heavier-handed approach to regulating venture market.

Construction is ramping up rapidly at this Yukon mine that one analyst calls a "strategic asset."

"We and China Gold will create an attractive financial platform that private investors can take part in and make money," said Alexey Chekunkov, head of fund.

Armed separatists have occupied five villages in Indonesia's Papua province, threatening to disrupt Freeport-McMoRan Inc's giant Grasberg copper mine, which has already been hit this year by labor unrest and a dispute over operating rights.

After a severe selloff, precious metals have enjoyed a bit of a respite.

Mike discusses his trip to London where he took in the LME week which is a meeting held by the metals industry.

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 7 percent to $475m while total revenue grew 5 percent to $744m.

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