miércoles, 5 de septiembre de 2018

Northern Star raises funds to buy gold mine in Alaska

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Mining News Digest
Tuesday 4 September 2018
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The Australian miner was able to raise almost $1.3 million to help fund the acquisition of its first overseas asset.

More than 30 workers have been made redundant.

Environmentalists say that glaciers close to mining sites could melt more rapidly.

The company's own workforce is in charge of re-profiling the terrain using seven massive bulldozers.

This is a rare move by De Beers, which is famous for requiring buyers to take what's offered.

Contracts held by investors in China's iron ore futures have fallen to the lowest in more than three years.

Lonmin has been the biggest casualty in South Africa's platinum mining industry.

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

The year-to-date gain is 16.6 per cent, and the metal used to power nuclear reactors is on track to record a second annual increase.

The workers were killed in a gold mine in the southern Bolívar state.

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