lunes, 14 de mayo de 2018

Canadian explorer looking to restart Europe's last tin mine to list in London

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Mining News Digest
Tuesday 15 May 2018
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Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.

The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.

Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation's average cost of sales and all-in sustaining costs by about $54 per ounce.

The Deputy Secretary for Sustainable Mining is scheduled to meet with executives from Australia's largest mining companies and banks.

"Women's contribution to the mining sector is masked by the dominant reflection of men's roles in mining, often hindering their meaningful participation."

BHP shares rose nearly 2 percent, hitting their highest in about 45 months.

Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws.

The company had already lost between one million to 1.2 million tonnes of scheduled bauxite production because of the strike.

The Minister of Mines will work with the inter-ministerial commission ahead of presenting the 2018 Mining code to government for approval.

Alrosa has traditionally focused on rough-diamond mining but is gradually changing its business after Sergey Ivanov became CEO a year ago.

For the second time in a year, London-listed miner Petropavlovsk Plc is in the middle of a shareholder coup to throw out the board and revive its fortunes.

The proposed deal with Sibanye is conditional upon Lonmin retaining a positive cash balance by the time it is to close in the second half of the year.

Tanzania is seeking a bigger slice of the pie from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.

The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.

Thor Explorations' Segilola project would be Nigeria's first large-scale gold mine, and it's expected to come online in early 2020.

Trump has proposed imposing duties on as much as $150 billion in goods over China's alleged theft of intellectual property and unfair trade practices.

Conditions may be in place for increased demand and increased prices for a number of commodities including natural gas, copper, aluminum, and gold.

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