Rio Tinto about to offload stake in Grasberg mine for $3.5 billion

Having trouble viewing this email?  View online Mining News Digest Thursday 24 May 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Rio Tinto about to offload stake in Grasberg mine for $3.5 billion Company confirmed is in talks to sell its stake in the world's second largest copper mine to Indonesia's Inalum. read » Fireweed files a PEA with a pre-tax IRR of 32% The pre-production capital expenditure is $404M, which includes $105 million of capital cost required to upgrade the government-owned North Canol Road. read » Nemaska closes $280M to develop Whabouchi lithium mine Sell-off read » AngloGold Ashanti to axe 2,000 jobs as it shrinks footprint in South Africa The company's remaining South African assets are the Mponeng underground gold mine, and a surface operation. read » Eldorado to soon obtain permit for processing plant in Greece, minister hints The country's energy ministry said he aimed to address the company's development plans in the coming weeks and according to a recent arbitration, which favoured Eldorado. read » Freeport's Grasberg jujitsu move will pay off There's a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out. read » Mining companies still reluctant to tap Argentina deposits Lack of clarity on environmental rules, overlapping federal and local taxes, and regulations that vary from province to province continue to loom over proposed mines. read » Cobalt 27 agrees to streaming finance deal with Australian miner The transaction is the world's first cobalt-nickel streaming deal on a producing mine, Cobalt 27 said in a statement. read » Why rough diamond prices are at a 52-week high Forecasted industry fundamentals point to an environment favoring higher diamond prices over a period of at least the next four years. read » Blockchain will completely revolutionize how we mine gold and precious metals Tracking metals across the supply chain has become increasingly important to businesses and consumers – with blockchain, there's no hiding anything. read » This iron mountain looks more like a molehill: David Fickling Ore imports aren't just going up because China's producing more steel: They're rising because it's producing less iron ore as well. read » Petro-Lithium production represents diversification of Alberta's energy economy Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours. read » Iron ore market dynamics are shifting beneath calm facade: Russell Structural changes in the world's biggest importer, China, are re-shaping how the industry works. read » Poland's KGHM plans domestic investment of more than $3 bln by 2022 The company also said it plans to reduce investment in oversees assets and focus on domestic operations. read » Nickel prices expected to settle after Russia sanctions fade Nickel prices to ease off after reaching a three-year high in April. read » Mayday, mayday, gold is sinking! An irresponsible U.S. fiscal policy seems to be the only bullish gold's driver in operation right now. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver 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. The information contained in “Mining News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Mining News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.