martes, 2 de octubre de 2018

Ivanhoe Mines soars on third major copper discovery in Congo

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Mining News Digest
Tuesday 2 October 2018
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The find, named Makoko, was the first of multiple high-potential target areas identified by the company's exploration team to be tested by drilling.

Changes to an existing provincial law propose a new Special Mining Rate.

No gas or balloons needed.

This winter, regulators are replacing hard caps on coal use and steel production with less strict targets.

The company said the investment would enable it to sustain production of its Pilbara Blend brand of iron ore and its Robe Valley lump and fines products.

The agreement protects Canada's automotive industry from potentially devastating U.S. tariffs.

Poland is making a rare charge into gold. The country added about 9 metric tons to its bullion reserves in July and August as prices dropped.

The government embarked on a drive to root out corruption and punish speculators it blames for exacerbating the currency crisis.

Vedanta Ltd is investing to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021.

Mitsui Mining and Smelting Co Ltd plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year.

This compares to $86 per tonne in both 2018 and 2017.

Premiums for Japanese aluminium shipments for the October to December quarter were set at $103 per tonne.

The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.

Thornton has purchased 2,271,029 additional common shares in Barrick at an average price of $11.11 per share, nearly doubling his total shareholding.

Commodities just posted the longest losing streak in more than three years.

Avocet Mining warned on Monday that it could be broken up as the struggling gold miner continues talks with its largest shareholder to restructure its debt.

Mines rarely have control over the cost of energy, so it is vital that comminution processes meet process objectives while consuming as little energy as possible. An efficient operation is the best hedge against variable energy prices – and Metso, the leading company in the suppliers and equipment industry in Europe – has the answers.

Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine.

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