viernes, 11 de enero de 2019

Acacia Mining fined over alleged environmental breach in Tanzania

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Mining News Digest
Friday 11 January 2019
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Barrick's Acacia Mining has been hit with a 300-million Tanzanian shillings fine (about $129,144) over allegations of environmental breaches at its North Mara mine.

The 127 carat, top white gem diamond, is one of the of 129 precious stones of over 100 carats the company has recovered at the mine since it began operations in 2012.

Its Brucejack underground mine in British Columbia generated 376,000 ounces of gold last year, or 97% of the expected production.

The port is one of two terminals Rio Tinto uses to ship iron ore from Australia's Pilbara mining region.

Newmont also cut overall production guidance for its North American operations for 2018.

Alamos said the high grade mineralization is known to extend 1,000 metres east of the current mine working.

Murchison now controls 221.8 km2 of mineral rights over a strike length of approximately 29 kilometres.

Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries.

Anglo American has obtained hundreds of permits to explore in the Brazilian states of Mato Grosso and Para.

Tanzania has banned shipments of mineral concentrates and slapped Acacia Mining Plc with a $190 billion tax bill.

In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month's presidential election.

The debate is over whether the world's largest gold miner will remain a Canadian company.

The company's new boss Mark Bristow beleives that Chile is a "great" destination for miners, despite Barrick's difficulties advancing the massive Pascua-Lama project.

The applications cover a total area of 1,757 square kilometres and are located within the western Chocó department.

The Vancouver-based miner said that the goal behind the proposed acquisition is to create a prominent BC gold exploration/development company.

The best hole assayed 8.70 g/t gold over 3.4 metres, including 169.50 g/t over 0.5 metre.

The company has found that the project's mineralized zone thickens and grades increase north of the main resource.

SOFAZ held 50.95 tonnes of gold worth $2.1 billion at the end of 2018.

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