martes, 11 de septiembre de 2018

Mining exploration spending in Australia jumps to 5-year high

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Mining News Digest
Tuesday 11 September 2018
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More than 9,000 ounces, or $10 million worth of gold, were recovered in a four-day period.

Vancouver- based GT Gold Corp.'s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.

Number one is located Downunder.

This is the third agreement with a Canadian gold miner with projects in Colombia that Newmont inked in the last 18 months.

The original sale of the stake was disputed in a London court by aluminium producer Rusal, which owns a stake in Nornickel.

Guatemala's Constitutional Court last week upheld the suspension of licenses at Escobal mine. The ruling was "disappointing."

After more than two decades of improving mine safety since the end of apartheid, South Africa's progress has stalled with an increase in gold-mining deaths.

Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61 million.

Demand for a new generation of electric vehicles is breathing life into an Alpine mine.

In April, Rushydro's board approved the move to join the project with total investments seen at around $1 billion.

Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes.

Zimbabwe will fast-track plans to settle its debt arrears, a key step needed to restore investor confidence in the country's economy.

Around 1,500 staff at three alumina refineries and two bauxite mines walked out on Aug. 8 over a new workplace agreement they say does not offer sufficient job security.

The gold-to-silver ratio has now spiked above 85, which is the highest level of this entire 18-year bull market.

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