lunes, 9 de abril de 2018

Private capital flowing into mining on track for record year

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Mining News Digest
Tuesday 10 April 2018
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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.

The uranium from which the yellowcake was derived was originally extracted from the Saghand mine.

Despite analysts predicting that sanctions against Oleg Deripaska may cause a turmoil in the mining world, Kinross made an effort today to stand clear from such possibility.

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.

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

It is not conclusive that Rio avoided WHT on interest on shareholder loans, and there is no clear evidence to support the claims of treaty abuse.

The findings also reveal "encouraging high grades" and confirm the presence of gold mineralization.

Operations were shut down on Saturday following an accident in which six construction workers were killed.

The bank is selling off gold to keep the country afloat, drawing down its reserves of the metal to $6.6 bn from almost $20 bn at the beginning of 2012.

Anglo American Plc is moving towards a multibillion-dollar decision on building the world's next major copper mine in Peru.

Relations between the world's largest copper producer, Codelco, and unions in its Chuquicamata division have reached the lowest point in years.

The first casualties of Deripaska's inclusion on the U.S. Treasury's sanction list announced on Friday have been the share prices of EN+ and Rusal.

US consumers to lose.

1 Day Spot Gold Price
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