Tuesday, October 14, 2014

First Quantum warns, Oyu Tolgoi cuts output, ETF investors sold into gold rally

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Mining News Digest
Wednesday 15 October 2014
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The miner, Zambia's largest foreign investor, operates Kansanshi mine, the eighth largest copper mine in the world, as well as the country's biggest.

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Vancouver-based Turquoise Hill blames "delayed mine advancement" at massive Mongolian property.

Hedge funds cut bullish bets for eighth straight week and ETF investors grab chance to cash out amid 3%-plus rally in the price of the precious metals.

This infographic shows how the industry has evolved over the last five decades and the opportunities that exist today.

SNL Energy provides its latest update on past and future coal unit retirements in the U.S. electric power sector. The analysis now includes more in-depth data on coal unit conversions to alternate fuels.

Since it first debuted in August, only five participants have signed up to the price setting process.

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Safe and efficient mine operation requires precise coordination between miners and machines. A wireless mining communication network which transports data, voice and videos is very essential. Hytera offers a completely cost effective wireless communication solution combining both technologies for data and voice communications to tackle challenges of communications on the going.

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Peter explains China's ongoing boom and what it means for their favorite commodity – gold.

The injunction was sought by Stans Energy.

Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.

More than 100 objects, including solid gold jewellery, arm bands and silver ingots are part of the trove, one of the largest discoveries of Viking treasure in Scotland.

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Maintain your Continuing Professional Development (CPD) hours, learn something new or catch up on the latest developments – simply attend from wherever you are: at the mine site, your home / office or anywhere with an Internet connection. Check out these upcoming topics:
Fundamentals of Mine Water Management
Geosynthetics in Mining - Practice and Developments
Heap Leach Facility Design, Construction, Operation, and Closure
Mining 101.                                                                   For more topics click here.

Amongst the swathe of comment, reaction and analysis surrounding Glencore's attempted takeover of Rio Tinto – revealed recently but rebuffed back in August – there was little surprise that Glencore would attempt such a move.

What if the goldbugs are wrong and fiat currency isn't going to throw the world into hyperinflation?

Ousei

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

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