About $5B in assets to be sold due to Barrick-Randgold merger — expert

Having trouble viewing this email?  View online Mining News Digest Friday 26 October 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About $5B in assets to be sold due to Barrick-Randgold merger — expert BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger. read » Lucapa secures $7 million-loan to boost Lesotho mine development First commercial diamonds from the company's 70%-owned Mothae mine expected in early November. read » Newmont profit falls, promotes COO to President Falling gold and copper prices hurt the miner's results for the three months to Sep. 30. read » Barrick Gold profit, revenue drop as metal prices weaken Q3 sees lower profit due to lower prices for gold and copper alongside higher fuel costs. read » Copper price drop prompts expansion rethink at top producer Freeport-McMoRan CEO Richard Adkerson says reduced spending on large-scale projects will add to the impending supply gap on global copper markets. read » Pan American Silver to pay $2 million for interest in Mexico's Sandra-Escobar Project The project sits on top of the Mexican Silver Trend. read » Antofagasta cuts copper output guidance, sees increase in 2019 Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target. read » Fresnillo falls as it cuts full-year silver output guidance again The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, revised silver output guidance down to between 62 million ounces and 64.5 million ounces from a range of 64.5 million to 67.5 million earlier. read » Vale eyeing small high yield acquisitions, base metals to jump in 2020 Brazil's Vale, the world's largest iron ore producer, is seeking out small high-return acquisitions that are related to the miner's current assets. read » Teck Resources adjusted earnings fall on low commodity prices Diversified Canadian miner Teck Resources Ltd reported a near 23 percent drop in third-quarter adjusted earnings on Thursday. read » Bolsonaro's anti-China rants have Beijing nervous about Brazil Bolsonaro has portrayed China, its largest trading partner, as a predator looking to dominate key sectors of its economy. read » Chalco Q3 profit rises 6.8 pct on lower operating costs The listed arm of Chinalco, China's biggest state-run aluminium producer, posted net income of 640.9 million yuan ($92.31 million) for July-September. read » Goldcorp 'miserable quarter' sends shares to 16-year low Operating results were hurt by lower output of all metals from the company's Peñasquito mine, while costs climbed. read » Western Uranium & Vanadium to re-open the Sunday Mine Complex The complex extends for 3,748 hectares and consists of five individual mines currently in Temporary Cessation. read » First Cobalt promotes its American 'blue gold' The Canadian miner released a video aimed at selling high the product of its flagship asset. read » Amazon's mining treasure at stake as Bolsonaro leads Brazil vote On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens […] read » Australia's Fortescue Q1 shipments fall 8.6% The company shipped 40.2 million tonnes in the September quarter, compared with 44 million tonnes a year ago read » Brazil's Vale misses 3rd qtr income estimate, revenue rises Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago. read » Cornwall's historic South Crofty tin mine revival a step closer Strongbow Exploration plans to bring the mine back into production following a proposed dual listing on London's AIM market. read » ABB chief promises brighter future as share price slumps But many shareholders remain unconvinced, with its shares losing a quarter of their value so far this year. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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