martes, 23 de enero de 2018

Rio Tinto bets big on Mongolia, opens local office

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Mining News Digest
Tuesday 23 January 2018
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The new unit, under Mongolian leadership, will focus on exploration and local ties.

The company reported a "significant pressure event" at its Elkview coal mine.

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.

Mine is on track to produce its target of 700,000 ounces of gold in 2018.

The parties have agreed not to release the transaction price.

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

The protected areas plan is harming the mining industry's ability to create jobs and economic growth for Nova Scotians.

The Commerce Department confirmed it submitted results of national security investigation into aluminum imports that could lead to broad import restrictions.

Aluminum Corp of China, the country's biggest state-run aluminium firm, says 2017 profits rise more than tenfold, without providing a profit figure.

Lonmin announced $1.1bn impairment charge due to weaker platinum prices and a firmer rand, plunging it deeper into operating losses.

The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.

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.

A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.

Lloyd's of London, the world's oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.

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