viernes, 17 de agosto de 2018

US to allow mining on land removed from monuments

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Mining News Digest
Friday 17 August 2018
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The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.

Minera Alamos files PEA for its La Fortuna gold project with after-tax IRR of 93%.

Document proposes replacing the road connecting the mine to a port with a railway, to reduce dust and sediment in the water.

Canadian company is focused on unlocking the value of existing large-scale US based lithium bearing brine resources that can be brought into production quickly.

The copper miner said it would pay a dividend of 6 cents per share, the first since 2012, when it began ramping up its two mines in Kazakhstan.

Fell out of his truck.

Members of South Africa's AMCU mining union are ready to strike for a year if necessary if Impala Platinum carries out plans to cut up to 13,400 jobs.

KGHM said that second quarter net profit fell to 171 million zlotys ($45 million) and missed analysts forecasts of 361 million zlotys.

The Dorado-1 well was expected to find 545 bcf of gas but resulted in something much more valuable, a large commercial oil find.

Recently, administration officials have selectively targeted natural gas and renewable energy generation resources, falsely claiming they pose greater risks.

Gold Fields said this week it planned to cut 1,100 permanent jobs at the company's last South African asset, South Deep, sending its shares plummeting.

Minas-Rio is Anglo American's biggest development project, but it is still in ramp-up phase.

HEPS for continuing operations remained unchanged at $0.08 per share for the six months ended June 30, 2018 compared with the same period last year.

Anglo Pacific shares were up 2.5 percent by 1053 GMT, while the wider sector had gained 1 percent.

Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.

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