miércoles, 10 de octubre de 2018

Pretium falls despite reporting increased gold output at its Canadian gold mine

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Mining News Digest
Wednesday 10 October 2018
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Company said output at its Brucejack gold mine, in Canada's British Columbia, climbed 13 percent in the third quarter of the year to 92,641 ounces, compared to 82,203 ounces in the same period last year.

The global coal mining market is growing, with a CAGR of close to 2% from 2018-2022.

Since shutting down of all gold mining and exploration activities in 2016, the country has been losing both tax revenue and investors, a new report shows.

The miner said it would take legal actions to force the central bank to give it US dollars for part of its gold output.

India clinches the title for largest zinc mine with Rampura Agucha.

TNM Intel has been designed for mining industry decision makers who need global information in an easily accessible format.

The International Energy Agency called on producers to pump more as the market "enters the red zone."

The junior oilsands producer has been operating under creditor protection since May 2016.

Chile's state-owned miner Codelco, the world's largest copper producer, plans to raise up to $1 billion next year to help finance the overhaul of its existing mines.

Burundi has declared an end to a more than three-year political crisis and is seeking to attract investment to the landlocked nation.

An effort to put a tax on carbon dioxide emissions just won an unlikely underwriter: a top producer of oil and gas.

Norsk Hydro has won permits from Brazilian authorities to restart half the capacity of its Alunorte, the world's largest alumina refinery.

Steel mills have restocking demand after holiday break – analysts.

The United States has granted more than half of the exemptions to its steel import tariffs that Austrian steelmaker Voestalpine and its customers applied for.

Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States.

Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal.

Rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs.

Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.

The IPCC report highlights that coal now has its back very much against the wall, but equally that the real power for change lies in Beijing.

PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its AGM on Oct. 17

Gold as well as gold stocks appear to be basing for a potential rebound into the holiday season.

Aristotelis Mistakidis, the man who built Glencore's reputation in copper, is under intense pressure after a string of investigations, problems and legal headaches.

Shares of Albemarle Corp fell more than 2 percent on Monday.

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