China-backed JV to develop giant Simandou north iron ore deposit in Guinea
Guinea’s Societe Miniere de Boke (SMB) and Singapore’s Winning International Group offered $14 billion to build a mine and related infrastructure.
Guinea’s Societe Miniere de Boke (SMB) and Singapore’s Winning International Group offered $14 billion to build a mine and related infrastructure.
Company wide Q3 copper production came in at 36,422 tonnes with an additional 28,639 tonnes of zinc as well as 41,500 oz. of gold equivalent ounces.
Fitch analysts expect to see continued regulatory scrutiny over Vale and the iron ore sector.
Whisper it softly, but there are the very first signs that funds are turning more friendly to doctor copper, says columnist Andy Home.
After a challenging second quarter at its El Castillo complex in Mexico, Argonaut Gold will hedge part of the operation’s remaining life-of-mine production.
Attributable equivalent gold production stood at 523,000 ounces for the three months ended Sept. 30, 3% lower than the previous quarter.
The mines contain an estimated 160 million tonnes of mixed copper and polymetallic ore.
The Cangrejos project now holds 468.8 million indicated tonnes grading 0.77 g/t gold equivalent.
The PEA looks at a high grade (3.23 g/t gold and 78 g/t silver) conventional open pit operation that would cost C$303 million to reach production.
The venture last month won permission to resume operations at its Germano iron ore mine, four years after a dam burst in the city of Mariana.