Month: September 2018

Union says meeting with Alcoa again over strike at Australian aluminium project

MELBOURNE, Sept 26 (Reuters) – The union at Alcoa’s aluminium operations in the state of Western Australia said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks, after...

/ September 27, 2018

Summer work in Golden Triangle paves way for final feasibility

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced that this summer’s program at its 100%-owned KSM Project in northwestern British Columbia, Canada, is meeting its objectives. The program faced early delays because of adverse weather and “the impact of BC fire season...

/ September 27, 2018

Brazil's Vale shareholders near deal to pay Eletron $692m

SAO PAULO, Sept 26 (Reuters) – Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares, according to...

/ September 27, 2018

Gold is stuck in ‘no man's land’ before Fed chief gives outlook

(Bloomberg) — Gold is stuck in no man’s land as the market counts down to the Federal Reserve’s policy outlook. Prices continue to tread water, hugging close to the $1,200-an-ounce level that’s been the norm since late August. Investors are...

/ September 27, 2018

Congo leader vows elections to proceed on schedule in December

(Bloomberg) — Democratic Republic of Congo President Joseph Kabila vowed delayed elections to select his successor will take place as planned this year. Presidential and parliamentary votes have been delayed since 2016, after the electoral commission failed to organize them...

/ September 27, 2018

Trevali’s Santander zinc mine in Peru hit by blockade

Canada’s Trevali Mining (TSX:TV) revealed Wednesday it had temporarily halted operations at its Santander zinc mine in Peru, as a small group of locals blocked access to the installations, claiming that the company had failed to satisfy its investment obligations. As...

/ September 27, 2018

Indonesia 2018 coal output target now around 507m tonnes – Energy Ministry

JAKARTA, Sept 26 (Reuters) – Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes, the Energy Ministry said on Wednesday, a move that may add to downward pressure...

/ September 27, 2018

Yukon nickel project waits for better metal prices

Nickel Creek says it won’t complete its preliminary economic assessment until improved financial market conditions and a stronger commodity price market, the company said in a news release yesterday. The stock traded down to 11 cents. A week ago the...

/ September 26, 2018

First Quantum, Panama Gov’t study ruling that cast doubts on giant copper mine

Canadian miner First Quantum Minerals (TSE:FM) is facing legal uncertainty around its massive $5.48 billion project in Panama, the largest copper mine coming to market over the next couple of years. The Central American country’s Supreme Court ruled Monday that Law...

/ September 26, 2018

Newmont's CEO rejects talk of bids for Barrick, Randgold

Newmont Mining Corp. Chief Executive Officer Gary Goldberg squashed speculation that Barrick Gold Corp.’s offer for Randgold Resources Ltd. would tempt Newmont to make its own play. When asked about the speculation that’s been raised since the Barrick-Randgold merger was...

/ September 26, 2018

Glencore to double size of $1B share buyback program

Miner and commodities trader Glencore (LON:GLEN) is increasing the size of its buyback program announced in July by purchasing another $1 billion of stock from now until the end of February 2019. The Swiss company had announced plans to buy back as...

/ September 26, 2018

Appalachia's Alarming Rise in Black Lung Disease: Editorial

(The Bloomberg View) — By now, black lung disease was supposed to have mostly gone away. The coal industry was supposed to have improved air quality in the mines enough to prevent miners from inhaling the coal dust that inflames,...

/ September 26, 2018