miércoles, 21 de marzo de 2018

Guatemala delays ruling on Tahoe’s Escobal mine reopening

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Silver News Digest
Thursday 22 March 2018
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Constitutional Court has requested additional information.

Workers marched on Saturday in Mullan, Idaho, to commemorate the one-year anniversary of the strike.

January profits for the Sukari gold mine are making headlines in the country.

Dore bars fell from the sky.

Toronto-based Bunker Hill Mining Co. would consider reopening its namesake mine on a limited basis by the end of the year.

The Mayor of the city of Quilpué rejected the proposal.

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Company expects to lose about 200,000 tonnes in steelmaking coal output.

Smart glass windows made with vanadium are capable of saving more energy by stopping thermal radiation from escaping, scientists say.

Swedish court has ruled that local miner Boliden won't have to pay over $12 million (100 million Swedish crowns) in compensation for health problems allegedly caused by toxic waste it dumped in northern Chile.

The acquisition comprises the project's operating processing facility and 800 square kilometres of Prospective Gold tenure.

According to minister Aurora Williams, miners with operations in the country currently spend $20 billion on support services a year and figure is set to increase.

According to the market research firm, a possible victory by leftist Andrés Manuel López Obrador poses "minimal downside risks to an otherwise strong outlook" for the country's mining industry.

Scotgold Resources plans to build an underground operation with an initial production capacity of 12,000 ounces of gold annually for up to 17 years.

The Mexico-focused precious metals miner expects cost inflation this year to be about 7%, compared with the 6.4% it faced in 2017.

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.

Some urban mining already takes place in the EU but it involves melting devices together in a furnace and removing the most valuable metals.

Adjusted loss was $17.7 million, which dramatically contrast with the $18.4 million profit logged a year ago, which reflects the impact of the ongoing shutdown of its flagship Escobal silver mine, in Guatemala.

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

The CEO of Mandalay dubbed 2017 as a challenging year for his company.

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation.

The survey found that exploration expenditures across BC totaled $246 million in 2017, up $41 million (20%), from the year before.

Latin America recorded 246 conflicts in mining regions in 2016, more than double the number in 2010.

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