miércoles, 18 de abril de 2018

British miner about to start pouring silver in Russia

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Silver News Digest
Thursday 19 April 2018
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Silver Bear's first silver production should be expected early in the second quarter of 2018.

The Deputy Secretary of Mining Policy said the world needs Argentina's copper, lithium, gold and silver.

The officials are accused of abuse of power in the case of the 2015 cyanide spill at Barrick Gold's Veladero mine.

Copper production will peak in the second half of 2019, making a growing supply deficit much more real.

Authorities may consider potential revisions to the mining laws in order to make companies that already own concessions to work on them or else give them up.

The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.

One of the main problems, says the head of Chile's Mining Society, Diego Hernández, is miners have no incentives to do anything with the assets they already own and is very cheap to keep them.

Residents say the federal government is not fulfilling its commitment to the city.

Silver-coated copper nanowires could be used to embed fitness trackers and health monitors into shirts.

Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.

Ruling rejects the Greek State's motion that Eldorado's technical study for a metallurgy plant in the country's Stratoni Valley, was in breach of any agreements between the parts.

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco's aging mines to deal with dwindling ore grades.

"Despite the best efforts of both parties, negotiations failed to define a viable transaction," management said in a media statement.

Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.

The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.

Lundin has been developing Fruta del Norte for over a year, following an agreement with Ecuador's government allowing the miner to move ahead with the gold project, the country's biggest.

The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.

During the first quarter of 2018, output reached 52,672 ounces.

The claims are located in the Cobalt-Gowganda mining district.

The 420-hectare property is located in the New Westminster Mining Division of southwestern British Columbia.

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.

The 30,000-hectare terrain between Earltown, Tatamagouche and Wentworth is considered to have potential for the development of multiple gold mines.

Robocop is comprised of five mineral claims totalling 9,891 acres north of the Canada-US border.

The state's "bad actor" law has only been used once before, and Hecla's president and chief executive officer, Phillips Baker is the first top executive at a large company to be scrutinized under it.

Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.

Some 200 litres of cyanide solution were released into the environment.

The Nicaragua-focused miner has not generated any revenue in the past two years, but narrowed pre-tax loss to £3 million in 2017 from £7.7 million a year earlier.

Last year Goldman's commodities business posted one of its worst results on record.

The London Bullion Market Association has added Hindustan Zinc Ltd.'s (HZL) silver refinery in India to its 82-strong 'Good Delivery List.'

Silver is extremely undervalued relative to gold, while speculators' silver-futures positions are extraordinarily bearish.

With gold out of favor, silver and its miners have largely been left for dead and forgotten.

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