Friedland confident Congo copper mine will be world’s second-largest

Having trouble viewing this email?  View online Mining News Digest Thursday 7 February 2019 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Friedland confident Congo copper mine will be world's second-largest The founder of Ivanhoe Mines said the Kamoa-Kakula project is "on track to become one of the absolute greatest copper mining complexes in the world." read » Gold price: ETF inflows reach $100m a day US government shutdown means we don't know how hedge funds are positioning themselves, but everyone else seems to be piling into gold. read » Vale knew about sensor problems at dam before burst – Globo TV Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, 2 days before the disaster. read » Bolivia picks Chinese partner for $2.3B lithium project This deal gives Beijing a second chance in Bolivia after Xinjiang TBEA beat six rivals to partner with Bolivia on Coipasa and Pastos Grandes. read » Calidus shares soar after upping Warrawoona gold resources by 75% Total mineral resource was upgraded to 21.2 million tonnes at 1.83g/t gold for 1.25 million ounces, up 75% from December 2017. read » Aussie mining exports broke records in 2018 Coal became the number one export earner in 2018. read » Bank Of America: Oil demand growth to hit zero within a decade By 2030, oil demand could hit a peak and then enter decline. read » CEMI looks to South America for innovation partner The Centre for Excellence in Mining Innovation and the Universidad Nacional del Centro del Peru signed a MOU on February 6. read » Iron ore prices reach almost two-year high Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale's iron ore production. read » AME's Mineral Exploration roundup concludes with renewed support from the province Year after year, Roundup strives to offer a space for industry leaders to come together in the sharing of ideas and perspectives to build long lasting relationships for mutual success. read » Atlantic confirms gold extensions at Cochrane Hill Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold. read » Samarco said to reboot creditor talks after Vale Dam disaster Creditors rejected Samarco's offer to treat the injections as senior or pari-passu debt. read » Vale licenses to operate Laranjeiras dam, Jangada mine canceled The cut in output forced Vale to declare force majeure in iron ore and pellets contracts on Tuesday. read » Brazil's Vale to invest $400m to reduce need for tailings dams Vale has come under intense public pressure since the Jan. 25 dam burst, with some politicians and prosecutors calling for criminal prosecution and a management shakeup. read » Vale disaster makes miners' image problem worse: Russell The problem for miners is convincing an increasingly sceptical public of how necessary their industry is. read » Saudi Arabia to spend $3.8B to enhance mineral exploration "The law allows 100 percent ownership…and you can apply for exploration or mining licenses." read » Glencore says heavy rain disrupts operations at two Australian coal mines Major flooding has caused parts of Queensland to be declared disaster zones, resulting in two casualties and more than 1,100 evacuations. read » Guinea not flexible on Simandou infrastructure – minister Simandou is one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore, but development has been complicated by its location far from the coast. read » Zambian finance chief holds firm on higher mining royalties "There is no renegotiation taking place because a law has been passed in parliament to change the tax regime." read » Sibanye sees potential for buying South African gold assets "You don't create value for your shareholders when it's a fashion or a feeding frenzy" – Neal Froneman read » RJK to look for the source of the Nipissing Yellow Diamond in Ontario The Nipissing Yellow Diamond was found sometime during the development of the silver mines at Cobalt between 1903 and 1905. read » Genesis posts new estimate for Chevrier resources The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold. read » Suncor reports Q4 record 740,800 bbl/d Funds from all operations were approximately C$2.0 billion in Q4 2018, compared to C$3.0 billion for the same quarter a year earlier. read » GE to support the digitalization of ArcelorMittal's steel plant in Belgium "Downtime is a billion-dollar problem for the industry as unplanned outages can cause the industry to lose up to 10% of production time a year" read » Congo 2018 copper output up 12.9 percent to 1.2m tonnes -Chamber of Commerce Output of cobalt rose 43.8 percent to 106,439 tonnes, while gold production increased by 22.6 percent to 28,539 kg. read » Arconic Chairman John Plant takes additional role of CEO Plant previously served as the CEO of auto parts maker TRW Automotive from 2003 to 2015. read » Angola's Endiama sees diamond output rising to 13.8m carats by 2022 Production in 2018 was 9.4 million carats. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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