martes, 30 de enero de 2018

Bidders for $500m Canada streaming deal as cobalt price surges–report

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Mining News Digest
Wednesday 31 January 2018
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Reuters reports Vale has hired bankers to put together world's first ever cobalt streaming deal worth up to $500 million at its Voisey's Bay mine in Canada.

Regulator in British Columbia wants clarification on Vanadiumcorp's economic assessment of its flagship Lac Doré project in Quebec.

The UK-based research and consultancy group has dropped its price forecast to $63 a tonne or 12% below last year's average of $71 per tonne.

The miner's autonomous haulage system (AHS) fleet has already moved over one billion tonnes of ore and waste material within the Pilbara region of Western Australia.

LME nickel breaks through $14,000 per tonne.

The iron ore producer said shipments fell to 40.5m tonnes in the three months ended Dec. 31 versus 42.2m tonnes in the same period a year ago.

Newcrest Mining Ltd's second-quarter gold production fell 0.3 percent from a year ago but rose 17.2 percent over the prior quarter.

Large scale speculators in West Texas Intermediate and Brent crude oil futures have built up bullish positions equivalent to a staggering 1 billion barrels.

The appeal against the terminal at Fraser Surrey Docks was made by two community groups backed by Ecojustice last week.

The Oreninc Index fell, as a lack of activity saw the metaphorical tumbleweeds rolling down Bay St with the index falling to 22.99 from 34.36 a week ago.

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