Massive Oyu Tolgoi mine to more than double gold production in 2018

Having trouble viewing this email?  View online Mining News Digest Friday 8 December 2017 Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium Massive Oyu Tolgoi mine to more than double gold production in 2018 Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%. read » Newmont gold output growth: 'We've only just begun' With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%. read » Harmony Gold says Moab Khotsong mine purchase to boost cash flows The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%. read » AngloGold gets going on $36 million expansion of Western Australia mine Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027. read » This is the breakthrough junior of Mines & Money 2017 Forget gold, the crazy cobalt price or lithium frenzy; this Australian company is upending the sapphire (yes sapphire) market. read » Canadian federal court rejects Taseko's proposed $1.5bn copper-gold project The federal court dismissed Taseko's applications for New Prosperity Mine, and ordered the company to pay court costs to the Tsilhqot'in First Nation. read » India trade ministry seeks lower tax on diamond miners The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies. read » Potash CEO meets with Chilean government amid stake sale On Thursday, Potash Corp CEO Jochen Tilk met with authorities in Chile as the company tries to divest its minority stake in lithium miner SQM. read » Vedanta's Zambian arm to set up new processing plants Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme. read » Asia Gold-Price dip gives small spark to demand; India buyers unmoved Demand for physical gold picked up in most Asian centres this week as prices fell, but drop in local rates to four-month lows failed to lure buyers in India. read » China's Tongling Nonferrous cuts copper output by 20-30 pct One of China's top copper smelters has reduced production by 20-30 percent to comply with winter output restrictions, a company official said on Thursday. read » Indonesia's Freeport-Rio plan masks longer-term issues: Russell Proposed three-way deal between the Indonesian government, Rio Tinto and Freeport to clean up ownership of Grasberg 'ignores the wider picture'. read » Biggest iron ore miner threatens to flood market if prices surge Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high. read » Displaced by mining, Peru villagers spurn shiny new town The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine. read » Two 100%-owned projects have analysts talking about a possible 'JV partnership offer' With an advanced project being looked at by potential partners, and another producing precious metal results, several analysts rate this explorer a "Buy." read » Chinese iron ore and coke futures dive on steel demand concerns Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter. read » Will technology spur gold demand? This week, the WGC released a market update entitled "Technology – a brighter outlook?". What are the main conclusions of the report? read » The one indicator OPEC must watch Last week, OPEC decided to extend its production cuts through end of 2018. The target is now to bring global oil inventories back down to the 5 year average. read » Miner dies at Harmony Gold Tshepong mine Company currently working on recovering the body. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. 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