jueves, 25 de enero de 2018

Davos team propels gold price to 18-month high, Trump shoots it down

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Mining News Digest
Friday 26 January 2018
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Conflicting comments about the US dollar.

Diamonds recovered during sampling at the project were not sufficient to produce a modelled diamond valuation, said the company.

The company beat expectations on Thursday with a 5% increase in 2017 production.

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

What are the implications for regional collaboration and the expansion of clean infrastructure?

The approvals will allow the company to modify its original expansion plan, already permitted and now 44 pct complete, which seeks to add another mine level.

The company, a unit of Anglo American Plc, mined 33.5 million carats in 2017. That's a 22 percent jump from a year earlier, beating its own target.

This comes a week after the miner reported a "significant pressure" event at the mine.

Alrosa could sell around 40 million carats of diamonds in 2018 provided market conditions are favourable.

China will introduce more reform measures to open up its economy this year, according to the top financial and economic adviser to President Xi Jinping.

The world's second-largest copper miner by production also said talks with Indonesia re Grasberg were advancing.

For South African gold miners, it's both the best and worst of times.

Yesterday, gold won an influential supporter in the White House. Who is he?

At least seven holes totalling 1500 metres are planned at the Ontario-based project.

Company was ranked as the top mining company globally, posting strong scores in the areas of quality of management, social responsibility, long-term investment, people management and innovation.

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