jueves, 19 de abril de 2018

Canada’s Copper Mountain grabs Altona Mining in $72-million deal

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Mining News Digest
Friday 20 April 2018
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Merger creates a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.

The Pan Mine generated 8,695 ounces of gold during the second fiscal quarter.

Eagle Plains has acquired the 711-hectare Slocan Graphite Project in B.C.

It took authorities about three hours to be able to dig a back access entrance.

The world's top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond "toolkit" to digitally track their stones throughout the supply chain.

Revenue in the first quarter slumped almost 50% due mainly to reduced operations at its flagship Bulyanhulu gold mine.

The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal.

Trump campaigned on a promise to bring back coal that is increasingly being edged out of the U.S. power market by cheap, cleaner-burning natural gas.

As supply fears grow, the market's attention is turning to China as a potential source of aluminium.

Coal, which fueled the world's biggest economies for more than a century, is increasingly losing out to renewables.

Weir Group Plc plans to acquire U.S. competitor Esco Corp. as the U.K. maker of industrial pumps strengthens its focus on the mining industry.

Aluminum rallied as much as 7.1 percent, a record intraday gain, to $2,718 a ton in London.

Shares of Labrador Iron Ore, which has a 15 percent stake in the company, fell 5 percent.

The Perth-based miner plans to raise its Australian manganese production by 6 percent to 3.3 million wet metric tonnes.

Spodumene is a mineral mined as a source of lithium, a key ingredient in electric vehicle batteries, for which China is the world's biggest market.

The strike at the company's Loulo and Gounkoto mines is related to the payment of bonuses and will continue until the issue is resolved.

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