Codelco copper output, profit falls as costs rise

Having trouble viewing this email?  View online Mining News Digest Friday 30 November 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Codelco copper output, profit falls as costs rise Mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit. read » Lynas Corp's Malaysia plant shut down until 2019 The shutdown of the controversial plant could see the Australian rare earths producer take a A$16 million hit. read » Rio Tinto green lights $2.6B Koodaideri iron ore mine investment Construction will start next year with first production expected in late 2021. read » Goldcorp pours first doré from Pyrite Leach at Penasquito Commissioning of the plant began in Q3 2018, and it is now treating existing tailings around the clock. read » SSR Mining stakes C$31 million in Silvercrest The company plans to use the proceeds for the exploration and development of the Las Chispas silver-gold project in Mexico. read » Anglo CEO says investor confidence returns to South Africa Anglo American mines platinum, coal, diamonds and iron ore in South Africa. read » Mitsubishi Materials says its Indonesia copper smelter declared force majeure on some deliveries The smelter went into maintenance that was scheduled for about 30 days, but has been extended due to a lack of oxygen supply from a neighboring oxygen plant. read » Congo state miner blames foreign investors for underdevelopment Congo is Africa's biggest copper producer and the world's largest source of cobalt. read » Lonmin turns first profit in four years ahead of Sibanye takeover Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion. read » India's Adani says to fully fund its troubled Australia coal project Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups. read » AMT to become first LME ring trader as ferrous liquidity provider Broker AMT has been appointed by the LME as a liquidity provider for its steel contracts, giving a boost to the market as the first ring trader in that role. read » BMW joins project to improve conditions for cobalt mining in Congo Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries. read » Indonesian president calls for Freeport deal to be wrapped up quickly For Indonesian President Joko Widodo, seeking reelection next year, getting a majority stake in the mine for Indonesia would be a political boon. read » Dunnedin acquires MPD porphyry project Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. read » Congo plans to audit Glencore unit's cobalt over uranium levels Relations with Congolese authorities have grown increasingly strained in recent months as the government pushes for foreign investors to contribute more. read » Detour Gold denies Paulson's demand to immediately replace CEO In a letter to shareholders, Detour said it had "tried hard to settle with Paulson," but was unable to reach an agreement. read » Alrosa makes $90m in Israel The world's top diamond producer held six auctions this year in the Middle Eastern country. read » UK explorer makes high-grade silver discovery in Ethiopia The discovery was made at the Daro project, located in the Tigray Regional State of northern Ethiopia. read » Superior Gold drills Hermes South in Australia The company is trying to expand the existing resource at Hermes South and determine if it could become another open pit mine. read » Rubicon announces positive reconciliation in test mining at Phoenix Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate as well as the new geological model. 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. 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