martes, 28 de agosto de 2018

KGHM to go ahead with $2bn expansion of Sierra Gorda copper mine in Chile

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Mining News Digest
Tuesday 28 August 2018
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Expansion and upgrades would extend the mine's life by 21 years.

The provincial authority issued a statement after learning that the reopening of the mine will create 3,600 jobs.

The Polokwane smelter is becoming environmentally friendlier.

Can soil from an old, large stockpile still retain viable organics for successful site reclamation?

The Ellendale mine yielded around half of the world's supply of rare yellow diamonds during peak production.

The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.

In Benin, six tonnes of organic waste are turned into biogas every week.

Shanghai rebar steel futures dropped nearly 1 per cent.

"It was established that Mexico's oil and natural resources belong to our nation," López Obrador said.

More than 80 unionized workers of the Plantas de Andina union went on strike a week ago.

The $3.5 billion debt-for-equity restructuring, which will hand control to senior creditors, was approved by 99.96 percent of votes cast.

Baoshan reported a 62.2 percent surge on first-half net profit on firm steel prices, but warned about the risks of trade protectionism in the second half.

Liberia's Senate passed the Land Rights Bill last week after four years of debate. The law recognises customary land rights as equal to private ownership.

If the metal continues to rally, the shorts will need to cover, potentially leading to an explosive rally in gold prices and equities.

The company, which unveiled its development plans for the Asteroid Prospecting Satellite One (APS-1) last month, is hoping to raise £2.3million.

China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.

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