jueves, 1 de noviembre de 2018

Chaarat Gold says Centerra refused C$2B offer for firm, not just Kumtor

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Mining News Digest
Thursday 1 November 2018
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The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead

So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.

The project sits atop the Incahuasi Salar and it is located on the Chile/Argentina national border some 75 kilometres southeast from the Atacama Salar.

President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.

The government is keen to develop the mine which holds an estimated 7.4 billion tonnes in reserves.

The world's biggest miner promised in July to return the $10.5 billion in sale proceeds to shareholders.

Nornickels consolidated copper output has risen by 20% to 290,878 tonnes in the first nine months of 2018.

Drill results returned high grades: up to 10 grams per tonne gold equivalent at 45 metres.

The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper.

Excelsior estimates it would initially produce 25 million lb. copper per year at Gunnison.

Walter Coles Sr. stood on a hill overlooking the Virginia pasture land that his family has farmed since it was deeded to them by Thomas Jefferson, motioning with a sweep of his hand to the […]

"Our vision is to be the world's leading uranium company" – Ni Tao deputy manager of China National Uranium Co Ltd

Mitsui has said it will trim its thermal coal assets in the long term but would continue to invest in coking coal – a key raw material for steel-making.

The mining industry needs to change the barbecue conversation – Jean-Sebastien Jacques Rio Tinto CEO

The company had run out of critical consumables and spares required for its mines, forcing the shutdown

Glencore expected to achieve annual cash savings of more than $300 million in its coal business by the end of 2018, but now it expects savings of more than $450 million by year-end.

Implats plans to trim staff by about a third — more than 13,000 jobs — over two years at its Rustenburg platinum belt.

Exploration continues to affirm multiple local sources of bedrock gold mineralization within the Klondike District.

Outotec now expects its adjusted 2018 EBIT margin to be in the range of 5-6% against the previous target of 5-7%.

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