martes, 5 de diciembre de 2017

Kazakh supply shock to jolt uranium price

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Mining News Digest
Tuesday 5 December 2017
Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium

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

President and director Martin Vidal has left the post effective November 30.

Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

Bitcoin has been kicking the stuffing out of most mining stocks lately, as the cryptocurrency continues to climb to new heights.

Frank Holmes talks gold projections, potential recession, risks surrounding tax reform, and why gold has fallen short of expectations this year.

SPDR Gold Shares, the biggest gold-backed ETF, attracted the most money since September as the Trump-Russia probe escalated.

Metal for immediate delivery traded 0.5 pct lower at $1,274.20 an oz. as of 10:48 a.m. New York time. A close at that level will be the lowest since Nov. 3.

"The first thing we are going to do with the cash is pay debt, and then we are going to make this company's shareholders happy as never before," said Chief Executive Officer Fabio Schvartsman.

This intelligent mine would cost around $2.2 billion to develop and incorporate technologies such as robotics, driverless trains and trucks on a single site.

The shovels are in the ground at the Carmichael coal mine in Queensland but the bankers have yet to open their wallets.

The agency won't act on a proposal to require hardrock mining companies to show they can afford to clean up their sites.

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

Coal India Ltd.'s production and shipments in Nov. rose to most for month in at least five years, as power plants procured more coal to boost inventories.

Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

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