jueves, 15 de febrero de 2018

Pembridge grabs copper-gold-silver mine in Canada’s Yukon

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Mining News Digest
Friday 16 February 2018
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With the acquisition of Capstone's Minto mine, Pembridge Resources is set to become a cash flow generating copper producer.

With the acquisition of two hydroelectric plants, the miner expects to eliminate about 70% of future power purchases.

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

The Canadian explorer will receive 350,000 common shares of RT Minerals in return.

London Metal Exchange (LME) stocks of aluminium have surged by almost a quarter of a million tonnes over the last five days.

On Thursday, Newcrest reported a 58% fall in half-year underlying profit, due to disruptions such as an earthquake hitting one of its key sites in 2017.

Polyus saw rising sales last year and expects to both invest and produce more in 2018, aiming to up production at its new Natalka gold deposit.

Inflation surged yesterday. But gold dropped initially, only to quickly reverse the fall and fly into the air. Will gold soar on the inflation fuel?

Freeport's export permit for Grasberg, the world's second-biggest copper mine, is due to expire on Friday, as is Amman's permit to ship ore concentrate from its Batu Hijau mine on the island of Sumbawa.

Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year.

The current environment in Guatemala is actively harming American companies doing business in the country.

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