martes, 12 de junio de 2018

Future of Centerra mine uncertain as Kyrgyz Gov’t revising settlement deal

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Mining News Digest
Wednesday 13 June 2018
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Prime Minister said he would submit tom parliament his own 'proposals' over a settlement reached last year, which would end long-dragged disputes between the company and the country over Kumtor gold mine.

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Vancouver miners will add 10% more employees in the third quarter of 2018.

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

China now has the fastest development of EVs in the global market.

Vale agreement sets something of a price benchmark for long-term cobalt deals by showing what financial investors are willing to pay.

Major miner Rio Tinto named Jacob Stausholm to replace outgoing financial boss Chris Lynch when he retires in September.

Vedanta's Deshnee Naidoo told Reuters, adding that KCM is on track to produce 400,000 tonnes of copper a year in the next few years.

Tianshan has annual aluminium smelting capacity of 1.4 million tonnes.

The summer exploration campaign will focus on the Lasalle property.

Seabridge has staked an additional 277 claims totaling 5,540 acres that are contiguous to the purchased claims.

Iron ore shipments from the world's biggest export terminal rose to 45 million tonnes in May from 42.6 million tonnes in the previous month.

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