Gold price set for longest run of weekly losses since 2018

Mining News Pro - Gold is heading for its fifth weekly loss, the longest streak of such declines in almost four years, with haven credentials sidelined by investors becoming super-bullish on the US dollar.

2018 Mining Charter review application being heard this week

Mining News Pro - The application for the judicial review and setting aside of certain clauses of the 2018 Mining Charter, brought by mining industry organisation the Minerals Council South Africa in March 2019, is scheduled to be heard from May 3 to 6.

Copper price above $3 for first time since June 2018

Mining News Pro - Copper rose above $3 a pound for the first time in more than two years on Wednesday, on the back of falling inventories, a lower US dollar, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.

China’s June U.S. copper concentrate imports hit highest since Sept 2018

Mining News Pro - China’s imports of copper concentrate from the United States hit their highest in June since September 2018, customs data showed on Sunday, as smelters made the most of a trade detente to purchase tariff-free metal earlier this year.

Minerals Council regrets delay of 2018 Mining Charter review

Mining News Pro - Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgment of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.

Australia’s gold output reaches record high in 2018

Mining News Pro - Australian gold output reached an all-time record high of 10.3 million oz. in the most recent fiscal year. Figures from U.S. Global Investors indicate that the country produced 321 tonnes of gold in 2018.

Canada’s first half IPO market struggles at fraction of 2018 pace, says PwC

Mining News Pro - The surge in small mining issues and a single cross-border listing from the pharmaceutical sector was not enough to redeem the second quarter market for initial public offerings (IPOs) in Canada, the quarterly PwC review of the nation’s IPO market showed.

Global silver demand up 4% in 2018

Mining News Pro - The Silver Institute has released a report saying global silver demand rose 4% – to 1.03 billion oz. – in 2018. This is the first time since 2015 that demand has risen year-over-year.

Collahuasi copper mine expects to match 2018 record output this year

Mining News Pro - Chilean miner Collahuasi this year expects to match its 2018 production of copper, an all-time high for the company, its top executive said on Tuesday.

Iran Has Exported 400 Million Dollars of Cement in 2018

Mining News Pro - According to Customs Administration of Iran, the value of cement export chain during the last year has reached 400 million dollars and includes 32 percent of Iran’s total export value.

Global Iron Ore Exporting Countries in 2018

Mining News Pro - The list of 2018 global iron ore exporters has been released.

Quebec diamond miner ends 2018 in the red

Mining News Pro - The low price environment in which the Renard diamond mine began its operations two years ago is continuing to affect the company operating the Quebec-based mine, with Stornoway Diamonds ending 2018 in the red.

Price rises push profit boost for Anhui Conch in 2018

Mining News Pro - Anhui Conch’s revenue grew by 70.5% year-on-year to US$19.1bn in 2018 from US$11.2bn in 2017. Its sales volumes of cement rose by 25% to 368Mt. Its net profit increased by 88% to US$4.44bn from US$2.36bn. The cement producer attributed this to ‘significant’ growth in its prices.

Turquoise Hill`s 2018 financial results report 250% income jump over 2017

Mining News Pro - Turquoise Hill Resources reported 2018 income of $394.3 million—a 255.4% jump over 2017’s $110.9 million—driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.

US Coal Exports Reached 105 Million Tons in 2018

Mining News Pro - Coal export of United States has reached the highest for the second time, due to the demand during the last years.

Vale probe could lead to fine of 20% of revenue from 2018

Mining News Pro - Brazil’s mining authorities have started a probe into Vale SA over a possible cover-up regarding safety procedures that could lead to a fine of up to 20% of its 2018 gross revenue.

China`s 2018 coal usage rises 1%, but share of energy mix falls

Mining News Pro - China coal use rises for 2nd year in absolute terms

Dundee ups 2018 revenue, net earnings

Mining News Pro - Dundee Precious Metals offered a look at the fourth quarter and positive full year financials for 2018. The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million. The all-in sustaining cost per ounce of gold produced was $659.

Imperial 2018 output up, despite Mount Polley decision

Mining News Pro - Imperial Metals has published its fourth quarter and year-end numbers for its operations. For the full year, the company produced 75.3 million lb. of copper and 79,056 oz. of gold.

Endeavour boosts gold production 50% in 2018

Mining News Pro - Endeavour Mining produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.

Antofagasta ends 2018 on strong note with record copper production

Mining News Pro - Chilean copper mining group Antofagasta ended 2018 on a strong note, achieving record production for the final quarter of 220 000 t and touching the top end of the full-year guidance at 725 300 t.

ALROSA earns $463m at international auctions in 2018

Mining News Pro - In 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions receiving a total revenue of $463 million for the year, for its special size (over 10.8 carats) rough diamonds.

Osisko Metals offers 2018 highlights, 2019 outlook

Mining News Pro - Osisko Metals president and CEO Jeff Hussey called 2018 a “very successful” year for his company, thanks to low zinc inventories and mid-term mine output forecasted to be less than global demand.

Copper Mountain produces 79m lb in 2018, sets guidance for next three years

Mining News Pro - Copper Mountain Mining of Vancouver met its 2018 full-year guidance with the production of 78.9 million lb. of copper from its Copper Mountain project 20 km south of Princeton.

Chilean lithium exports continue rise, to $949m in 2018

Mining News Pro - Chile’s exports of lithium carbonate reached $949 million in 2018 compared to $686 million the previous year as demand and prices for the key component in electric vehicle batteries continues to rise, the central bank said on Monday.

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