martes, 15 de enero de 2019

Newmont grabs Goldcorp in $10B deal that creates world's top gold miner

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Mining News Digest
Tuesday 15 January 2019
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Massive deal creates company that challenges rival Barrick as the world's largest gold producer.

"The question becomes now, will there be a domino effect?"

The world's top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand beyond Russia.

Ecuador's largest underground gold and silver mine is on track to begin production before the end of the year.

The Barrick Gold-Randgold merger, announced last September, might have been just the start of a new wave of consolidation.

Annual imports of unwrought copper were buoyed by China's crackdown on scrap copper in 2018, part of its efforts to combat pollution.

The fall in iron ore purchases for 2018 came as a 70 percent plunge in profit margins since late October cut the incentive for steelmakers to ramp up output and restock raw materials.

The cost to create the world's largest gold company: A 17 percent premium for a $10 billion all-shares acquisition that faces some big-time challenges down the line.

Gold Drop was mined intermittently from 1919 to the 1980's and hosts 8 known gold bearing veins or vein systems.

Palladium is close to becoming the most "precious" of precious metals

The company reported a worse-than-expected third-quarter loss in October, sending shares to the lowest since 2002 a day later.

Canada's influence on the global mining industry appears to be shrinking by the day.

"It's obviously really important for Tshisekedi to have SADC's approval and endorsement for his presidency"

Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence.

Rio Tinto is assessing the full impact of the damage and will do all it can to try and minimize disruption to our customers.

The global initiative requires member countries to disclose how they allocate licences and how much they receive from the companies in tax, royalties and other contributions.

Seven exceptional Lulo diamonds, including a 46-carat pink and six top-colour Type IIa white gems, will be showcased.

The state-owned diamond miner wants to produce 10 million carats by 2025.

Palladium's fundamentals should remain strong for at least the next 24 months.

The largest firms in the world are likely to remain committed to spending cuts.

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