viernes, 24 de agosto de 2018

The gold price and the big short

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Mining News Digest
Friday 24 August 2018
Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver

Speculators in gold price futures are short 670 tonnes – the biggest bearish position in 25 years.

About half the cost of the ship will be paid for by the Norwegian government.

Vast Resource is expected to carry out an initial assessment of the Heritage Concession, in the Marange Diamond Fields area.

Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country's largest gold mine.

The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country's new mining code.

Chile is preparing major new restrictions on the extraction of water from the lithium-rich Salar de Atacama salt flats, home to top lithium miners Albemarle and SQM.

The province's businesses grapple with the challenge of rising costs, threats to natural resources and changes in consumer spending patterns.

The global market for surface mining trucks is expected to grow steadily to 2020, primarily driven by the growing demand from mining companies operating across the Asia-Pacific (APAC) region.

The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable.

In the United States, old aluminium smelters are being brought back to life.

Australia's South32 Ltd posted a 16 percent rise in its annual underlying earnings, as healthy demand for manganese and alumina helped offset tepid output at its Illawarra coal project.

Sibanye-Stillwater will look for growth in the bullion sector once it has improved its debt levels and outlined a blueprint for improving safety at its gold operations.

Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.

Deal is for Chevron's local and Botswana assets.

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