miércoles, 17 de octubre de 2018

US develops new gold-silver alloy for military use

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Silver News Digest
Thursday 18 October 2018
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A new gold-silver alloy was created with the idea of lightening the load and enhance the power of devices used by soldiers.

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.

Golden Dawn Minerals, KG Exploration Inc. and GGX Gold Corp. are among the companies setting foot in the area.

Darren Blasutti, President and CEO of Americas Silver says interest in the sector is picking up and that his company's recently announced acquisition of Pershing Gold is a good example of that.

The proposed a 147.2-hectare underground gold and silver mine is expected to produce 1,000 tonnes of ore per day.

The miner now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May.

White Gold's partners are Agnico Eagle Mines Limited (NYSE:AEM) and Kinross Gold Corp (NYSE:KGC).

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

The recently-created Directorate for Mining Promotion and Sustainability will be in charge of identifying the regions with the mining highest potential.

The illegal action saw a group of locals spend seven days blocking the only access to the mine in protest for what they call "repetitive abuse" to community members and increasing pollution of their land and only water source.

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.

The operation was put on hold in 2013 due to environmental issues, political opposition, labor unrest and development costs that ballooned to $8.5 billion.

Away from the seminars and cocktail parties, metal producers, traders and users will meet behind closed doors to hammer out details of next year's contracts.

Americas silver and Pershing gold to merge to create a low-cost, precious metal growth company in the Americas.

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