martes, 22 de enero de 2019

Barrick mulls selling Zambia copper mine over higher taxes

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Mining News Digest
Tuesday 22 January 2019
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While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.

"The stage appears set in favour of precious metals for the year ahead"

Copper back in bear market with price down more than 20% since June peak over fears of the impact of the US-China trade war.

The Vancouver-based miner is acquiring an 85% interest in the Lovelock cobalt mine and the Treasure Box project.

Canadian junior has agreed to buy Alaska Nevada Mining's 100% interest in the Extinction Ridge vanadium project in Nevada, USA.

State claims BHP used its wholly-owned Singapore marketing hub subsidiary to understate the price of iron ore sold Japan and China buyers.

MOD also said it would raise about A$15 million via a share placement and rights issue, with the majority of the proceeds to be used to advance the T3 copper project in Botswana towards production.

Vancouver-based Atlantic Gold Corp. confirms that recent diamond drilling has confirmed mineralized extensions at both the Fifteen Mile Stream project and the Cochrane Hill project.

The company drilled seven holes, all of which cut the structures where they were predicted, excellent widths and localized high grades were confirmed.

The Cassiar gold project produced about 350,000 oz. of gold from 920,000 tonnes of ore with an average grade of 11.9 g/t gold from 1979 to 1997.

The ultra-successful "A Diamond is Forever" marketing campaign has been discontinued for over a decade now and so have many of the positive attributes of diamond ownership in consumers' minds.

Michael McPhie, former CEO of the Mining Association of British Columbia, intends to clear his company's name after it was implicated in share distribution scandal.

The 66.7 sq. km project sits 24 km southeast of the city of Pachuca and along strike from the historic Pachuca-Real del Monte epithermal vein camp.

Piran Resources is part of Pella Resources, an Africa-focused natural resource and energy group.

Silver just completed its worst year in three.

In Sandvik Machining Solutions growth was moderate at a low single digit pace, impacted primarily by a decline in Asia and slower activity in the automotive segment

"It is now possible that Shaanxi will implement the strictest-ever regulations on illegal production, which would significantly reduce output in the province for the year," – Wood Mackenzie

Rebecca Foerster, former Vice President of Strategic Planning and Marketing at Leo Schachter Diamonds, was appointed President of Alrosa USA Inc.

What happens when a geologist and an author whose chief interest is California's Silicon Valley get together to take a look at the United States' dependence on foreign supplies of critical minerals?

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