viernes, 9 de febrero de 2018

BMW mining deals imminent as cobalt price powers on – report

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Mining News Digest
Saturday 10 February 2018
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"The aim is to secure the supply all the way down to the level of the mine, for 10 years."

The three-times delayed $5 million-deal should help the miner dodge bankruptcy for its units in the West African country.

Canada's top uranium producer is seeing the first improvements brought by higher prices and drastic cost-cutting measures, including the recent haly of its flagship McArthur River mine in northern Saskatchewan.

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American's diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.

The correlation between commodity price and the 10-year has been strong over time, for a number of reasons.

The LME cut fees on short-dated carries in October and on medium-dated carries in November in a bid to revive volumes.

Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar.

Donskoi discussed the need for more active cooperation in the usage of PGMs.

Thor, which is already listed in Toronto's TSX Venture Exchange, will use the proceeds of the new listing mainly to fund its Segilola Gold Project.

The unit of Anglo American said reversal, net of tax and non-controlling interest, was 2.6 billion rand and would be included in its basic earnings.

A funding proposal for a rail line that could carry its coal to the coast for export has been canned.

Company has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4% this year.

Technical analyst Clive Maund reviews the charts of two urban miners that he views as strong buys.

The Carnegie Mineralogical Award honors outstanding contributions in mineralogical preservation, conservation and education.

The unnaturally-tranquil stock markets suddenly plunged over this past week, shocking legions of hyper-complacent traders.

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