miércoles, 24 de enero de 2018

Zinc price will vault $4,000 within months – report

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Mining News Digest
Thursday 25 January 2018
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Global zinc stocks falling to "critically low levels" by second half of 2018, propelling prices above $4,000 a tonne predicts Wood Mackenzie in new research.

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Newly renamed M2 Cobalt snags seven licences in Uganda covering 1,500 square kilometres as investors bet cobalt price rally will continue.

Chile-focused miner also expects costs to rise on tailings dam expenditure.

Proceeds from the private placement and financing will be used for exploration and development of the junior miner's projects in Colombia and Nicaragua.

SEC will push ahead with the prosecution of the company, former chief executive Tom Albanese and ex-chief financial officer Guy Elliott over alleged attempts to cover up multi-billion losses on a coal investment in Africa.

DRC's proposed mining code, which industry has warned will stifle investment in the copper and cobalt-rich nation, sailed through Senate without opposition.

The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two.

The Russian gold and silver producer said its fourth-quarter revenue rose 12 percent on a year earlier to $586 million due to higher gold sales.

Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana.

Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar.

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

Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday.

Gold is going digital.

Recognizing the vital role that copper will play in a sustainable future, Nexans is joining forces with Codelco.

The key question is whether the bearish trend in the greenback will continue or we will see a trend reversal.

This designation follows KSPC being named one of Canada's Top 100 Employers for 2018 in November.

The blockchain platform will allow users to access an immutable record of mining industry information securely and efficiently.

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