lunes, 15 de enero de 2018

Gem Diamonds shares on fire as miner finds 910-carat rock

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Mining News Digest
Tuesday 16 January 2018
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Massive find is believed to be the fifth biggest gem-quality diamond ever found

Rampant violence and corruption are the norm in the mines of the southern Guayana region.

Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.

Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.

The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.

Following the 2016 launching of the Collective Action Initiative for the Metals Technology Industry, the program announced today that it has added a new member.

Federal prosecutors announced ruling in a statement that said electricity transmission lines and a bauxite pipeline damaged soil and silted up rivers.

On Tuesday Global miner Rio Tinto reported a 1 percent rise in iron ore shipments for 2017 to 330.1 million tonnes, meeting its guidance.

How and why funds from former Soviet states flowed into Trump-branded real estate has been focus of speculation since start of 2016 presidential campaign.

What two factors threaten to disrupt the copper sector in 2018?

The rebound in the precious metals sector continues.

Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange.

Aristotelis Mistakidis will lose control of industrial copper operations including mines and focus on the trading side of the business.

Return of Katanga mine increases dependence of the whole cobalt supply chain on just one highly problematic country, the Democratic Republic of Congo.

China's central government-owned enterprises will target coal capacity cuts of 12.65m tonnes in 2018, the official Xinhua news agency reported on Monday.

The London-listed miner said production in three months to Dec fell 30 pct to 148,477 oz. compared with a year ago and 22 pct from the previous quarter.

RNC Minerals in talks with commodity traders, mine operators and financiers to secure $1bn to build world's biggest nickel and cobalt project next year.

"We are very pleased to start up operations in BC… [w]e plan to be operational on multiple projects throughout 2018," the president of Cruz stated.

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