domingo, 1 de julio de 2018

Richest man in Mexico partners with Goldcorp

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Mining News Digest
Monday 2 July 2018
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Minera Frisco and Goldcorp's subsidiary Minera Peñasquito are joining forces in Zacatecas.

The mining sector showed an interannual growth of 0.16 per cent in May.

Noront CEO said the move is necessary as the company continues to lead exploration in Ontario's massive Ring of Fire.

The deal might be completed in July.

The Vancouver-based miner wants to identify new drilling targets at its Slättberg project.

Thyssenkrupp's joint venture with Tata Steel – to be named Thyssenkrupp Tata Steel – will have around 48,000 workers and about 17 billion euros in sales.

Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.

Thyssenkrupp's supervisory board on Friday gave the green light for a steel joint venture with Tata Steel, paving the way for the European steel sector's biggest shake-up in more than a decade.

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