Tuesday, October 14, 2014

Oyu Tolgoi production cut, First Quantum warns over Zambia tax hike

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Copper News Digest
Wednesday 15 October 2014
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Vancouver-based Turquoise Hill blames "delayed mine advancement" at massive Mongolian property.

Sponsor Digest Post

Cat Auction Services is hosting a live auction for the complete dispersal of Chevron's Questa mine. The auction will take place on Wednesday, October 22, 2014 and Thursday, October 23, 2014 at 9:00 am MDT. While most of the items up for auction are mining, there will also be heavy equipment, motor vehicles, agriculture and parts, attachments and shop tools. This is an unreserved auction, so there are no minimum bids or reserve prices. If you can't make it onsite to bid, no worries, we have online bidding.
For the full auction equipment inventory visit, www.catauctions.com.

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

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.

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.

Underground mining royalties will go up from 6% to 8%; underground taxes now 20%.

The commodities trader and miner explored a stock-exchange listing Down Under.

The firm mined 93,624 ounces of the yellow metal in the three months to end September and it also maintained its full-year production forecast of 420,000 ounces of gold.

Material Matters - learn more!

Figure is based on preliminary assessments of the damage caused to water, flora, fauna, and wildlife, as well as official information on water quality.

Anglo's chief warned the company plans to take severe measures over the next two years.

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

The southern New Mexico mining town of Santa Rita no longer exists, even as a ghost town, except in the memories of Terry Humble and others who lived there.

Gold seems to be the most ancient metal.

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