lunes, 24 de diciembre de 2018

Acquiring or selling: Mining leaders talk about their 2019 plans

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Mining News Digest
Monday 24 December 2018
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From dealing with debt to dividends, to corporate-level acquisitions and asset sales, no one plans to stay still.

Don't listen to what miners say. Look at what they do.

The report does have a caveat.

The laying off of nearly 95 employees comes as the Toronto-based company expects to complete its purchase of Randgold Resources on Jan. 1.

The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa's Industrial Development Corporation (IDC).

Dan Weir, executive chairman of DNI Metals, speaks with Maurice Jackson of Proven and Probable about the progress his company has made with its graphite project in Madagascar, as well as developments with its Alberta […]

Adani can start work on building the rail line to connect Carmichael to Queensland's freight network, but cannot start building the mine just yet.

"Our lending commitments to the metals and mining sector at BMO have doubled over the last five years, and a lot of that has really been in the last couple years."

AMCU's strike is a protected strike and the AMCU members' constitutional right to strike remains protected.

The case was filed in the Madras high court by anti-Vedanta campaigner Fatima Babu, challenging a decision by the national green tribunal.

For the next few weeks demand will remain subdued. Overseas suppliers and even some jewellers will take a break for year-end celebrations.

South Africa's Richards Bay Coal Terminal (RBCT) exported a record 76.47 million tonnes of coal in 2017, and aims to export 77 million tonnes this year.

The permit given to PT Freeport Indonesia is valid up to 2031, and could be extended another ten years.

Operating pressure on smelters is "reaching the extreme limit" even worse than in the fourth quarter of 2015.

The massive iron ore mine was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes of the steelmaking material.

Magenta hosts numerous high-grade cobalt/gold/silver/nickel vein and skarn style deposits.

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