World’s top uranium miner Cameco in no hurry to resume production

Having trouble viewing this email?  View online Mining News Digest Tuesday 12 February 2019 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver World's top uranium miner Cameco in no hurry to resume production The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity. read » AngloGold to pour first gold at Obuasi mine by year end The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana. read » Peruvian authorities looking into possible tailings dam spill at Southern Copper's Cuajone mine The country's environmental agency OEFA detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region. read » Minerals Council of Australia calls for tax, workplace law reform According to the industry group, such reform would encourage additional investment in capital and technology. read » $58B pacific mine claim seen at risk as referendum nears The Panguna mine has an estimated 5.3 million metric tons of copper and 19.3 million ounces of gold, according to BCL, worth about $58 billion. read » Fura promotes transparency in coloured gem industry Fura Gems has launched the Provenance Proof Blockchain designed to promote transparency in the coloured gemstones industry. read » Golden Predator shares first bulk sample results The overall grade for the bulk sample is estimated to be 20 g/t gold. read » Central bank gold demand spikes to highest in nearly 50 years! Perhaps it is no coincidence that the New York Fed made a stunning admission this week that the US dollar could lose its reserve status. read » Russia's central bank to pay less for domestic gold from May Russia has overtaken China to become the world's fifth largest state holder of gold. read » Trudeau faces ethics investigation over SNC-Lavalin case "Again, all we've heard are allegations in a newspaper. The prime minister has said that these allegations are false." read » As Maduro digs in, his aides hunt for emergency escape route Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to "a nice beach somewhere far from Venezuela." The question is where would — or could — he go? read » As ice melts, Greenland could become big sand exporter – study Worldwide demand for sand totalled about 9.55 billion tonnes in 2017 with a market value of $99.5 billion and is projected to reach almost $481 billion in 2100. read » Pure Gold Mining releases feasibility on Madsen in Red Lake Madsen is one of the highest grade undeveloped gold deposits in the world. read » First US coal plant in years opens where no options exist To boost coal use in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it's not particularly windy and it's dark much of the year. read » SEMAFO tables maiden resource at Bantou gold zone SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019. read » Italian populists target huge gold reserves and some cry foul The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government. read » Vancouver miner to partner with Zijin for gold project in the Kyrgyz Republic The project encircles the Taldybulak Levoberejnyi Mine, which was recently built by Zijin and contains 3.2 million ounces in reserves and resources at a grade of 7.2 g/t. read » Northern Graphite to increase Bissett Creek's production by 20% The increase would mean integrating an initial production rate of approximately 25,000 tonnes per year into its development plans. read » Fastest-growing gold ETF using fee war to redefine industry GraniteShares Gold Trust founder, Will Rhind, is in the midst of a fee war with his former employer and other ETFs that's helped boost his fund's value to $458 million, from less than $12 million a year earlier. read » Russia's Polyus reports jump in profit on rising gold sales The country's largest gold producer reported a 20% jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal. read » China iron ore rises to record on concerns over Brazilian supply China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country's second-largest ore supplier, may decline after a fatal dam accident at a Vale mine. read » Tanzania row overshadows Acacia's upbeat output, cost figures Shares in the gold miner are up more than 50% since September when Barrick said it was buying Randgold Resources and when Mark Bristow was named as chief executive, taking over as head of the merged entity from January. read » Codelco ready to resume operations at Chuquicamata despite torrential rains The wet season in the austral summer has caused havoc in northern Chile. read » Brazil miner Vale knew deadly dam had heightened risk of collapse We used to say these kinds of mining incidents were acts of God, but now … we consider them failures in engineering. read » Southern Copper reports $293.2m in Q4 net income The companies 112 percent rise in net income in all of 2018 was due mainly to higher sales and lower taxes. read » Grupo Mexico net profit falls by a third in Q4 The company reported $2.567 billion in revenues for the fourth quarter, down slightly from a year earlier. read » Livent swings to quarterly profit on rising lithium demand The company, which produces lithium in Argentina, posted net income of $25.9 million, or 18 cents per share. read » Benchmark drills 52 g/t Au and 846 g/t Ag over 3 metres Drilling at Dukes Ridge in 2018 returned a best assay of 52 g/t gold and 846 g/t silver over 3 metres within a larger interval of 33.52 metres that graded 5.8 g/t gold and 128.7 g/t silver. read » Operational risks and safety must be a top agenda in mining A gap in engagement between company leaders and front-line workers is critical to preventing and mitigating risks. read » South Africa's Eskom carries out biggest power cuts in years Splitting Eskom in three doesn't fix the issue that it is in a very dire financial situation. read » SNC-Lavalin issues new profit warning on Latin America mining contract SNC didn't identify the project but analysts are pointing the finger at a copper mine run by Codelco, Chile's state-owned producer. 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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