jueves, 8 de febrero de 2018

Ivanhoe boss said he’d pay higher taxes in Congo if it benefits locals

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Mining News Digest
Friday 9 February 2018
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Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties.

New report shows money continues to pour into gold-backed exchange traded funds with North American investors responsible for 75% of January inflows.

Chinese traders chase copper concentrate and iron ore cargoes lifting January import volumes 25% and 19% over already record-breaking 2017.

Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

South African competition authorities have approved the exchange of selected Sibanye-Stillwater's assets for a 38% stake in DRDGOLD Ltd.

Gordon MacMillan filed a notice of civil claim, claiming "harassment and bullying permeated all levels of the defendant's organizational structure."

Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.

Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn't always better.

Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.

The miner flagged headline earnings per share of $0.23 to $0.26 per share for the year ended Dec. 31, 2017.

Trade data from AUS Bureau of Statistics has confirmed importance of the mining industry to Australian economy and continuing benefits of the mining boom.

The largest union at Cerrejon has reached an 11th-hour salary and benefits deal with the company, avoiding a strike, the union said on Thursday.

The appointment comes less than a month after Kazakh businessman Kenges Rakishev told Reuters he wanted to bring back co-founder Pavel Maslovskiy as CEO.

This leave added to a string of departures by key commodities traders after the Wall Street firm reported a sharp drop in 2017 trading revenue.

"We're honored to be recognized as a mining industry leader in sustainability by RobecoSAM," said Gary Goldberg, President and Chief Executive Officer.

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