martes, 23 de enero de 2018

Pretium shares tank after Brucejack ramp up disappoints

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Mining News Digest
Wednesday 24 January 2018
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Vancouver producer announces lower gold production, recoveries at its only mine six months into ramp-up – stock is down 26%.

Hedge funds have also been building exposure to gold, doubling bullish bets on futures markets to 20m ounces in just three weeks.

Agreement includes Russia's state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.

Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, said Tuesday it had signed 67 long-term contracts for the sale of gem quality and industrial rough diamonds. Twelve of those agreements, said the miner, are with Russian […]

President Emmerson Mnangagwa, who took the post in November, has ordered an examination of both industries that may lead to the abolition of the 51% local ownership rule on them.

French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.

An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993.

The parties have agreed not to release the transaction price.

Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.

The Toronto-based miner wants to buy the Gold Shear property, southwest of Cranbrook, British Columbia.

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