Caterpillar results prove global economy in good shape

Having trouble viewing this email?  View online Mining News Digest Wednesday 25 April 2018 Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium Caterpillar results prove global economy in good shape The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations. read » Spanish activists reject reopening of Los Frailes mine On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place. read » One asset leads South African miner's growth in Q1-2018 Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018. read » Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project's cash flow in the three-way deal. read » Anglo delays Minas Rio restart until year-end, will lose about $400 million The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes. read » Silver price could increase in 2018 on safe-haven demand -CPM The price of silver could get a boost from international political and economic risk purchases, CPM Group said. read » Increased production at Chinese domestic coal mines lead to decline in thermal coal prices Since a price ceiling was imposed at China's main coal import harbour Qinhuangdao in mid-February, seaborne prices for coal have started to decline. read » Namibia may scrap black ownership requirements for mining companies – minister Namibia may scrap requirements for black ownership in mining as it seeks to woo investors to an industry that is rebounding with the commodities cycle. read » After weeks of chaos, US throws aluminum industry lifeline "The US government is not targeting the hardworking people who depend on Rusal and its subsidiaries," Treasury Secretary Steven Mnuchin said. read » Canada's Teck Resources profit rises on higher sales volumes Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million. read » Chile's Copec to buy stake in copper project in Peru Mina Justa, which is expected to require investment of around $1.6 billion, is due to begin construction in the second half of 2018. read » Philippines' top nickel miner keeps sales guidance despite govt curbs The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas. read » South Africa's mines minister to challenge court ruling on black ownership threshold The appeal will add a layer of uncertainty to a sector battered for years by depressed prices, soaring costs and opaque policies. read » Cuba sees 2018 nickel plus cobalt output topping 50,000 tonnes The country was ranked 10th in world nickel production in 2016 and sixth in cobalt. read » Congo's state miner seeks to dissolve Glencore venture over debts Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. read » Union at BHP's Escondida copper mine in Chile says no advance deal likely The union accepted an offer to begin early negotiations with the Anglo-Australian miner in March to avoid another strike at the northern Chile mine. read » First-quarter profit rise at Sweden's Sandvik marred by mining miss Its shares are still up more than 10 percent in 2018, outperforming a flat European industrial sector index. read » Freeport profit misses on lower-than-expected copper sales The Phoenix, Arizona-based copper miner reported a lower-than-expected quarterly profit on Tuesday as red metal sales missed the company's forecast. read » Is a new gold rush on in Brazil? Cabral Gold Inc.'s Cuiu Cuiu gold project sits on what was once the territory of migrating miners who came during the Brazilian gold rush of 1978-1995. read » Australia's New Century to supply zinc concentrate to Concord In the miner's fifth supply deal, Concord will take approximately 5 percent of production when it begins in the third quarter at the Century Zinc Mine. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Mining News Digest". You mayunsubscribe at any time. 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