miércoles, 29 de agosto de 2018

Chaarat Gold to buy polymetallic project as part of acquisition spree

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Mining News Digest
Wednesday 29 August 2018
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Junior continues to pursue $800-million acquisition of Centerra Gold's Kumtor mine in Kyrgyzstan.

If it goes ahead, the Rock Creek Mine would be built beneath the Cabinet Mountains Wilderness.

PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.

Researchers say the alloy could save the electronics industry more than $100 million a year.

Kelvin Dushnisky, who leaves Acacia and its parent company Barrick, assumes as South Africa's AngloGold Ashanti (JSE:ANG) new boss next week.

Announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.

The gold is meant as a more stable way for Venezuelans to hold their diminishing funds as inflation in the socialist nation runs at over 100,000 percent.

Teck Resources Ltd said on Tuesday that lead smelting had resumed at its Trail, British Columbia, facility after a seven-day suspension because of wildfires.

The company received environmental approval for the plan earlier this month, which aims to extend the life of the aging deposit and boost production.

In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.

Diverse studies and tests show that surface miners offer considerable advantages in terms of both economic efficiency and the final product.

Over the next few years, the lithium sector in Western Australia will benefit from project expenditure of several billion dollars.

Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April.

Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.

The Nanchang-based company said its first-half net income came in at 1.28 billion yuan ($186.21 million), versus 830.2 million yuan a year earlier.

The global economy may well be headed for a serious downturn. But copper prices are no more indicative of that outcome than sunspots or any of the other forms of modern-day capitalist divination.

Gold prices briefly traded above $1200 on Wednesday due to the legal and political troubles facing Donald Trump following the Paul Manafort guilty verdict.

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