jueves, 27 de septiembre de 2018

First Quantum, Panama studying ruling that casts doubts on copper mine

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Mining News Digest
Thursday 27 September 2018
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The country' Supreme Court ruled Monday that Law 9, used to grant the mining concession for Cobre Panama copper project, was unconstitutional.

150 construction jobs and 160 positions for operators.

The illegal action saw a group of locals spend seven days blocking the only access to the mine in protest for what they call "repetitive abuse" to community members and increasing pollution of their land and only water source.

No PEA.

The Vancouver-based miner said it has signed a non-exclusive letter of interest to form a JV with an undisclosed local company on claims where manganese mineralization has been proven.

Ford CEO Jim Hackett encouraged President Donald Trump's administration to resolve trade disputes quickly or it could do "more damage" to his company.

After delays caused by adverse weather and fires, Seabridge Gold Inc announced that its summer program is meeting its objectives.

DRC President Joseph Kabila vowed delayed elections will take place as planned this year.

AngloGold Ashanti Ltd.'s new CEO, Kelvin Dushnisky, said his goal of unlocking value at the world's third-largest gold producer will involve focusing on its best assets.

The union at Alcoa's aluminium operations said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks.

Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes which may add to downward pressure on prices for the fuel.

Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.

In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry, many greet the possibility of tariffs on Chinese goods with a shrug.

Chief Executive Officer Gary Goldberg said while not interested in the entire companies, he would interested in buying Barrick's half of their shared Kalgoorlie mine in Australia, which Newmont operates.

The deal follows the restart of open pit mining at Wiluna, which has produced more than 4.4 million ounces of gold since 1896.

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