Codelco submits $1B plan to extend Salvador mine life beyond 2021

Having trouble viewing this email?  View online Mining News Digest Thursday 18 October 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Codelco submits $1B plan to extend Salvador mine life beyond 2021 The Rajo Inca project would convert the existing mine, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one. read » China chloralkali industry key driver of world salt market growth – report World salt exports rose to 64 million tonnes in 2017, up 10 million tonnes from 2016. read » These ten mines will make money – even if gold price falls to $550 Nevada gold mines keep "rocking the boat." read » Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering The news comes barely a week after the company said another worker had been released on bail after being charged with corruption. read » Anglo American 'encouraged' by drilling results from copper asset in north Brazil The company's chief executive in Brazil talked about "very promising" drilling results at property located on the edge of the Amazon rainforest. read » Botswana Diamonds, Vast Resource JV steps up exploration efforts in Zimbabwe Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits. read » Freeport CEO may be ready to sell, but are there any buyers? With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company. read » Chilean govt to seek international arbitration over Albemarle contract Albemarle failed to make a "serious" offer for its annual production capacity to be provided at a discounted rate – Corfo read » Hedge funds reeling from gold jump have five charts to watch Hedge funds that doubled down on bearish gold wagers are facing a gut check. read » Glencore chair Tony Hayward latest to drop out of Saudi conference Another executive pulls out of conference due to widespread concern about the fate of journalist Jamal Khashoggi. read » Zambia's finance minister says new mining taxes will not hit operations Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes. read » World's top miner embracing the boom in electric car batteries BHP Billiton Ltd. is boosting sales of the top-quality nickel that's needed for electric vehicle batteries, another sign that the world's biggest miner is targeting more opportunities in the booming sector. read » Chinese electric car makers, nurtured by state, now look for way out of glut Government promises action, raising fears of consolidation. read » Gold festival demand in top buyer hits hurdle as prices jump If this trend continues, then it's going to be a dampener. read » BHP says it has seen no material impact from trade tensions Though we have not seen a material impact on our business, we remain cautious in the near term read » Hochschild Mining raises annual production target Hochschild Mining Plc on Wednesday raised its annual output target and forecast lower mining costs, as its Inmaculada mine in Peru produced higher grade ore. read » Alcoa to close two Spanish aluminium plants with job losses The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs. read » ArcelorMittal to make $1B creditor payment to bid for Essar Steel The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron. read » Indonesia targets closure of Freeport deal in December — official State-owned miner Inalum said the $3.85 billion deal is still subject to the issue of environmental recommendations and a special mining permit (IUPK) by the Indonesian government. read » BHP's 1st quarter iron ore output jumps 8%, cuts copper guidance BHP's iron ore output rose to 69 million tonnes during the three months ended Sept. 30. read » Vale sees possible Samarco restart in 2020, BHP uncertain on date Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020. 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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