jueves, 14 de diciembre de 2017

South Africa's Sibanye-Stillwater to be No. 2 platinum miner with Lonmin buy

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Mining News Digest
Friday 15 December 2017
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Sibanye said it would cut a third of Lonmin's employees and deliver savings of about $112 million a year by 2021.

"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.

The Indian Captive Power Producers Association denounced that most of its member companies are getting half of the coal they need from state-owned Coal India.

With a $10 million investment, the Kacharsky mine is being transformed into a smart mine.

Under the contract with Lundin, Finning will supply 70 pieces of heavy mining vehicles and machinery for Lundin's mine complex in Chile.

This Christmas, there is so much more that you know about, as Santa straps on today's hottest new technological advancement: The blockchain.

John Reade, Chief Market Strategist at the World Gold Council, explains several reasons to believe that gold could maintain an upward trajectory.

Blockchain upending world's financial markets with rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw materials.

Glencore can't take full credit for bull surge of last 2 years but its curtailments acted as powerful accelerator to structural shift toward supply deficit.

There is a lot at stake for Potash Corp, which purchased its interest in SQM piecemeal a decade ago and could stand to earn billions in the transaction.

There are no talks between Kloeckner & Co and Thyssenkrupp over a tie-up with Material Services division or about any offers, said Kloeckner & Co spokesman.

Zambia's copper production is next year likely to increase further to reach 1 million tonnes, mines minister Christopher Yaluma said.

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