miércoles, 25 de abril de 2018

Lower copper grades take toll on Antofagasta first quarter output

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Mining News Digest
Thursday 26 April 2018
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Copper production fell to 153,800 tonnes from 171,900 tonnes, due mostly to lower grades at the company's Centinela and Los Pelambres mines.

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court.

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation's largest gold operation.

Project is located about 100 km south of Jwaneng, the world's richest diamond mine.

Andromeda may earn up to 75 per cent interest in Minotaur's kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years.

Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30.

The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.

Refinery could be working in 1-to-2 years' time.

Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction.

South African miner reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower.

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.

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