Keyword: "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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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.