lunes, 28 de enero de 2019

Brazil securities regulator probes Vale’s filings on dam collapse

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Mining News Digest
Tuesday 29 January 2019
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By Monday, local officials had confirmed at least 60 people dead and said they fear hat among the hundreds who are still missing there will be very few survivors.

"How can they let this happen again?" Melo said. "They wiped out our city."

Prior to this discovery, heating the alloy would result in cracks along the weld.

The company churned out 304,400 ounces of gold last year, 36% more than a year earlier and a whooping 85% increase when compared to 2017.

Building activities at Côté Gold, located in the Abitibi gold belt in Ontario, were slated to start in the first months of 2019, with pre-production beginning in late 2020.

The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.

"Before pointing out fingers we need to see what happened first"

Since mining began in 2012 at Karowe, a total of 43 diamonds heavier than 200 carats have been recovered, including 12 stones larger than 300 carats.

For the entire Kiena complex, the measured and indicated resource is 1.0 million tonnes grading 6.38 g/t gold for 211.100 contained oz.

Sherritt owns 50% of the Moa joint venture, and at Ambatovy it is the operator and holder of a 12% interest.

Gratton was the latest executive to tell Greater Vancouver Board of Trade members that Canada's competitiveness on the world stage is slipping.

"The fact is that Vale's share drop was even steeper than some market participants expected"

Petra has been seeking to turn around its fortunes after piling up debt to expand its flagship Cullinan mine in South Africa.

The company has not yet released its 2018 full-year financials, but previously said it expects 2018 full-year AISC to be at $850 per oz. gold.

A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold over a 17-year mine life.

"This partnership secures lithium supplies for us and breaks the Chinese monopoly" – Wolfgang Tiefensee economy minister of the German state of Thuringia, an automotive manufacturing hub.

"It's a shame if we say that we are importing iron ore. It's like selling ice to the eskimos"

Comstock Mining Inc. surges 43% in pre-market trading after announcing a definitive agreement to sell its Lucerne properties to Tonogold Resources for $15 million cash, and $8 million in relief of future lease.

Industry leaders now appear to be positive that growth can be achieved after several difficult years.

We do not expect to see a big rebound in iron ore prices in view of this deadly accident as China's iron ore demand over the short term will be mild due to weak seasonality

Members may freely enter into contracts with Rusal and its affiliates.

"We're worried that the mine accident might lead to higher premiums on low-aluminium iron ore"

Angola has vowed to increase diamond production and per carat value, aiming to become a top 3 producer by 2021.

Vale plunged as much as 20 percent in Sao Paulo on Monday, the biggest intraday drop since October 2008.

The assessment revealed that Pegmont has a mine life of 10 years at 3,000 tonne per day open pit followed by an underground operation.

"Our commitment to the DRC, made 10 years ago when Randgold started developing Kibali, has not dimmed" – Mark Bristow

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