Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

Having trouble viewing this email?  View online Mining News Digest Wednesday 17 October 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020. read » Why conflicted copper shows little consensus World warehouse stocks are dropping, down 50% since the first of April. read » Anglo American delays Minas Rio ramp-up Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020. read » Vale rules out major acquisitions CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne. read » Australians find extremely rare mineral in meteorite impact crater Researchers from Curtin University discovered reidite, one of the rarest minerals on Earth buried deep within an ancient meteorite crater in Western Australia. read » BHP's 1st quarter iron ore output jumps 8% on unwavering Chinese demand BHP's iron ore output rose to 69 million tonnes during the three months ended Sept. 30. read » Samarco could begin partial production in 2020 after dam burst – Vale CEO 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 » The dirt on clean electric cars is just under the hood Clean cars, dirty batteries. read » Hungary boosts gold reserves 10-fold, citing safety concerns Hungary's central bank increased its gold reserves 10-fold, citing the need to improve its holdings' safety, joining regional peers with relatively high ownership in the European Union's east. read » Copper smelter hits cause physical squeeze in Asia The copper market is currently experiencing a squeeze on physical metal which is unexpected. read » Second activist targets Detour; seeks board changes US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. read » How Nigeria can escape the natural-resource curse Education and health are the way forward for Nigeria. read » Dutch battery maker to invest $1.9B in China cell factory Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging. read » United States seeking Mexican steel export quotas – negotiator The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs. read » Global steel body hikes demand forecasts, but says risks remain Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook. read » These ten mines will make money – even if gold price falls to $550 These Top 10 lowest cost gold mines are all below AISC's $550/oz level and will prove profitable – even if the price falls 50%. read » A golden escape The oil price is rising due to the upcoming restrictions on the sale of Iranian oil – the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA). 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. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Mining News Digest". You mayunsubscribe at any time. The information contained in “Mining News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Mining News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.