Rio Tinto says climbing costs, resource nationalism once again big threats

Having trouble viewing this email?  View online Mining News Digest Wednesday 16 May 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Rio Tinto says climbing costs, resource nationalism once again big threats Chief executive Jean Sebastien-Jacques the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk. read » Lead price comes roaring back "Lead from a raw materials side is probably the tightest commodity market out there." read » Gold price crashes through $1,300 – worst fall in 17 months Bullion brought down by US bond yields at seven year high and a bounce back for the dollar. read » Historic blue diamond auction exceeds expectations — sold for $6.7 million The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would fetch. read » Mountain Province hires former De Beers financial chief as president and CEO Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer. read » Lonmin tanks as UK competition watchdog looks into Sibanye takeover By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye's were down 4.9% in Johannesburg, even though the companies announced they had received the approval of the South African Reserve Bank (SARB). read » Chinese scrap ban won't do much for copper price Net supply impact for China only around 100kt in 2018 says new report. read » Copper: driving the green energy revolution Copper is known as "man's first metal", and for over 10,000 years, it's been used in applications ranging from architecture to coinage. read » Oakland port ban on coal shipments blocked by US judge As demand for coal in the U.S. declines, miners depend increasingly on overseas markets. read » Aurubis expects continued strong copper market, confirms outlook Production of copper cathodes (new metal) in the second quarter rose to 291,000 tonnes from 288,000 tonnes. read » South Africa aims to finalise mining charter in June, minister says The charter lays out requirements for black ownership levels and other targets. read » Chile copper mine Sierra Gorda closes following fatal accident Roberto Venegasa, an employee of equipment supply firm Finning, died during routine maintenance work at the mine, the company said. read » Anglo American to spin off unit to encourage platinum demand The World Platinum Investment Council sees oversupply in the platinum market of 180,000 ounces in 2018. read » Polish miner KGHM's first-quarter profit down 38 pct on sales decline Net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts. read » Argosy seeks project financing for Argentina lithium site through pilot sales -exec Argosy's Rincon project in northern Argentina will start producing 500 tonnes per year of lithium carbonate equivalent (LCE) next month. read » Nevada copper provides positive update on drill program: intersects copper mineralization in pit extension zone Drill hole NC18-01, located in the Northern Extension Zone, intersected multiple zones of mineralization along the hole. read » UAE trader looking to expand into gold refining in Africa The group is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic of Congo. 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.