Iron ore price jumps to 10-month high

Having trouble viewing this email?  View online Mining News Digest Tuesday 27 February 2018 Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium Iron ore price jumps to 10-month high China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended. read » Venezuelan government defends Mining Arc, environmentalists say it's not working Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers. read » Fatal accident at Caledonia's gold mine in Zimbabwe An accident took place in the Blanket Quartz Reef area of the mine. read » S. Africa's Mponeng gold mine could hold key to surviving in space New study uses the conditions inside of the mine to better understand how life might survive on Jupiter's moon Europa, which is considered a prime candidate for the search of extraterrestrial activity. read » Condor Gold soars as Nicaragua project won't relocate residents Company's technical team believes the La India project is both technically viable and economically attractive with a redesigned open pit that does not require community resettlement. read » Norsk Hydro buys Rio Tinto aluminum assets for $345 million The proposed acquisition also includes an offer for Rio's 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden. read » Lucara Diamond names new CEO, invests in digital sales platform Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain. read » Miners report some infrastructure damage after Papua quake Barrick Gold Corp said a power station that supplies its Porgera gold mine had been damaged, while Ok Tedi Mining Ltd said a landslip had blocked a road and damaged pipelines to its copper and gold mine in the Star Mountains. read » Investor alert: gold and the global ticking debt bomb Since its recent high of $1,370 an ounce at the end of January, the price of gold has shaved off about $40 as Treasury yields continue to head north. read » Unloved platinum stocks show promise for $45 billion manager Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides. read » BHP's productivity gains are cheered by investors — and unions BHP has said it expects to deliver $2 billion of net productivity gains by the end of the 2019 financial year. read » Mexico slaps billionaire's steel company with fine for stock manipulation Industrias CH was fined 2.96 million pesos ($159,764) at the end of November for making "prohibited trades" under a law banning simulating price or volume. read » Russian billionaires risk "shootout" in battle over nickel giant After a five-year peace deal ended in December, the power struggle between two major Nornickel shareholders resurfaced earlier this month. read » For coal miners, it's time to exit or get rich: Russell If there is a trend at play here, it's that diversified miners are the ones most likely to exit coal. read » Sibanye says clears most illegal miners from gold shafts Illegal gold mining has plagued South Africa for decades and it costs the government and the industry more than 20 billion rand ($1.7 billion) a year. read » Freeport says no plans to sell Congo cobalt asset as buyers circle Freeport is looking at other options for the asset, including possibly a joint venture to develop the large cobalt project. read » Shipping gauge shows iron ore, copper prices heading for fall CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices. read » Australia's top gold miner boosts bets on Ecuador's riches Newcrest to invest $250 million to take stake in Lundin Gold. read » The EV future is here and already boosting earnings for miners "Look at what's required over the next 50 years, 60 years, and known lithium on the planet, I don't think it's as much as everyone understands it to be." read » South Africa's NUM union says 1,722 jobs to go at Evander Gold Mine Deteriorating and inadequate infrastructure at the mine, high operating costs, such as rising electricity, labour costs, and a low gold price. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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