viernes, 2 de noviembre de 2018

Hudbay shrugs off investor concerns, buys Nevada copper junior

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Mining News Digest
Friday 2 November 2018
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The miner has bought Mason Resources despite shareholder Waterton previously requesting a moratorium on any near-term acquisitions.

The World Gold Council found that gold demand reached 964.3 tonnes in Q3.

TechMet Ltd., which controls just a handful of assets from Canada to Rwanda wants to help challenge China's domination of the nascent industry.

The National Union of Mineworkers (NUM), which represents around 80 percent of the employees at the mine, will down tools on Friday.

Cash flow provided by operating activities was $4.37 billion.

Next steps include ranking its list of targets for near-term scout drilling.

As electric vehicles slowly become a bigger part of the global fleet, questions about mileage and fuel efficiency are going to become more apposite.

Companies in metals and mining have been hit especially hard amid concern that the rising trade frictions from the tariffs have helped crimp economic growth.

BHP had promised to return all of the net proceeds from the $10.8 billion sale of its U.S. shale business to shareholders when the deal was announced in July.

The Z87 pit ultimately ran 350 metres deep and had a strike length of about 900 metres.

Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.

Ecuador is being hailed as the biggest potential new source of supply of the metal used in renewable energy.

Shares in Sibanye-Stillwater hit a monthly low on Thursday, down 13.28 percent.

From January to September, scrap copper shipments from the United States fell 13.8 percent.

Panasonic already makes money on batteries for the Model S and Model X, which it produces domestically.

Due to lower production amid bad weather and a slow ramp-up after a regular maintenance, Sumitomo now expects a loss of 13.6 billion yen.

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