jueves, 6 de septiembre de 2018

World’s biggest miner speeds hunt for copper assets, buys stake in SolGold

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Mining News Digest
Thursday 6 September 2018
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BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.

As part of its plans to expand into that market, Alrosa will hold its first "True Colour" auction of coloured polished diamonds, during the Hong Kong Gem & Jewellery Fair taking place this month.

Deal gives Orion mine access to mineral rights for more than 80,000 hectares of land in Northern Ireland, which includes one of the world's top ten undeveloped gold deposits by grade.

The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin's C$4.75 a share bid launched in July.

Welcome to Idaho.

This marks the completion of the production ramp-up of the underground mine.

Negotiations between management, workers, community leaders and the government created an agreement under which workers are being re-employed in phases.

A UK appeals court overturned a decision forcing a Kazakh mining company to hand over documents to prosecutors who are investigating the firm for corruption.

Societe Miniere de Bisunzu Sarl resumed purchases of the ore after a three-month shutdown at one of the country's largest deposits.

"Everyone loves copper and everyone wants to buy it" has been this year's mining mantra. Today the ball started rolling.

But rising gold imports could widen India's trade deficit and further pressure its currency, the rupee, which hit a record low of 71.95 against the dollar on Wednesday.

A vote by the striking workers on whether to accept a new workplace agreement is due to close on Thursday, with the union anticipating a strong "no" vote.

The Finance Ministry is targeting a budget shortfall of 6.5 percent of gross domestic product next year, compared to 7.4 percent this year.

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