Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
SALT LAKE CITY, Utah – London, U.K.-based RIO TINTO is spending US$270 million for a new molybdenum autoclave process (MAP) facility at its Kennecott Utah Copper Bingham Canyon mine near here. The new process will treat lower-grade concentrates not suitable for conventional roasting, improve moly recovery, enhance operating flexibility, and produce chemical-grade molybdenum products, says the company…more at Canadian Mining Journal
