miércoles, 26 de septiembre de 2018

Glencore to double size of $1B share buyback program

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Mining News Digest
Wednesday 26 September 2018
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Moves follows a growing number of world's top miners returning more money to investors this year.

Down 18% in H1.

Deal with Luminex gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three copper and gold concessions in Ecuador.

The top item at Christie's Geneva Magnificent Jewels sale in November will be The Pink Legacy, an 18.96-carat fancy vivid pink diamond expected to fetch up to $50 million.

The transaction includes the acquisition of three producing mines and an advanced stage project.

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

Canada's Athabasca Basin has become the prime destination for high-grade uranium, with grades in excess of 100x global averages.

By now, black lung disease was supposed to have mostly gone away. The coal industry was supposed to have improved air quality in the mines enough to prevent miners from inhaling the coal dust that inflames, stiffens and blackens their lungs.

Kropz, is on track to list on London's AIM Stock Exchange by the end of the year as it prepares for first production in 2019.

This deal would help entrench China's position as a serious competitor in global steel markets.

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