miércoles, 23 de enero de 2019

First Quantum calls off massive job cuts in Zambia

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Mining News Digest
Thursday 24 January 2019
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The Canadian miner planned to lay off 2,500 workers due to higher mining taxes in the country, but has now decided to continue dialogue with the government over the issue.

China's Contemporary Amperex Technology (CATL) plans to produce 60 gigawatt hours by the fifth year of its German plant operations.

The miner, the world's largest primary silver producer and Mexico's No. 2 gold company, expects production of the grey metal to fall this year to between 58 and 61 million ounces.

The Responsible Mining Foundation says companies gain from strengthening their ability to 'know and show.

The miner produced 220,000 tonnes of the red metal in the three months to December, up 16% from the previous quarter, boosted by higher throughput and improved copper grades.

Teck's Zinc and Health program has reached 100 million people worldwide since 2011.

The company seems to have no problem drilling bonanza grades, such as 12.26 g/t gold over 7.6 meters in hole CM-18-206, including 97.8 g/t over 0.8 meter

First Cobalt Corp addresses permitting and environmental baseline studies at its Iron Creek cobalt project.

As many as 22 million tonnes of gold ore will be mined from the Detour Lake pit this year.

The company estimates the target's surface foot print is 500 metres long by up to 100 metres wide, it remains open in all directions.

Galway Metals has discovered 7 metres of visible gold starting 51 metres downhole in a new area of its Clarence Stream project in New Brunswick.

The German car industry shouldn't depend on Asian suppliers.

Norway's massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel according to a report.

"The sequence of events that led to the closure of the mine will not recur under the watch of this government."

The data comes from a recent report by the United Nations Conference on Trade and Development.

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