martes, 5 de diciembre de 2017

Indonesia to grab Rio Tinto stake in Grasberg mine

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Mining News Digest
Wednesday 6 December 2017
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After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country's government plans to acquire the miner's 40% stake in the coveted operation.

Down 4.7% in worst one-day performance since July 2015.

The country's Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.

BaseCore Metals will be independently operated and have its own board of directors.

The egg-sized, 709-carat rough yellowish diamond was sold for $6.5 million to luxury jeweller Laurence Graff, chairman of Graff Diamonds.

Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.

World's top supplier of uranium announces 20% cut in production over three years.

For the past two years the silvery-white metal has been a darling of the junior mining investment space, and for good reason.

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