jueves, 1 de febrero de 2018

Goldman all but says the mining supercycle is back

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Mining News Digest
Friday 2 February 2018
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"The environment for investing in commodities is the best since 2004-2008" – Goldman Sachs

Miner has spent $2 million to lock in the option to sell 120,000 ounces of future output at $1,320 an ounce, as it waits for Tanzania exports ban to end.

They also claim miner offloaded the asset to avoid paying for environmental damage caused by an accident at its floating dock, which killed six people and dragged vehicles, equipment and large amounts of iron ore into the Amazon River.

Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.

BHP's Escondida on Wednesday cast doubt on chances of starting talks on a new labor agreement with the company before formal negotiations scheduled for June.

The Katanga mine in Democratic Republic of Congo likely to add roughly 150,000 tonnes of copper and 11,600 tonnes of cobalt in 2018.

"Barrick is excited to host the state's first global mining hackathon in Las Vegas," said Michael Brown, President, Barrick USA.

The 119 diamonds recovered from the Little Spring Creek lamproite drill core samples included seven macro diamonds and 112 micro-diamonds.

In January 2018, ALROSA recovered two gem-quality stones weighing 97.92 carats and 85.62 carats.

DRC stuns miners with immediate lifting of 10-year exemption for licensees, 50% tax on 'super-profits' and code permitting 5-fold increase in cobalt royalty.

The halcyon days of coal trading seem to be over as buying and selling of the world's most widely used power-plant fuel plunged last year.

Vancouver-based company headed by billionaire mining financier Robert Friedland loses 11% of its value after DRC stuns with new mining code.

The World Gold Council published its gold market outlook for 2018. Will gold continue its January rally or should we expect declines?

CRU's 17th World Copper Conference is a premier copper conference that attracts over 500 delegates.

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