Bougainville’s $58B gold-copper mine rights safe for now as Mining Act changes rejected
The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law.
The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law.
We used to say these kinds of mining incidents were acts of God, but now ... we consider them failures in engineering.
The Panguna mine has an estimated 5.3 million metric tons of copper and 19.3 million ounces of gold, according to BCL, worth about $58 billion.
Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?
Worldwide demand for sand totalled about 9.55 billion tonnes in 2017 with a market value of $99.5 billion and is projected to reach almost $481 billion in 2100.
China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country's second-largest ore supplier, may decline after a fatal dam accident at a Vale mine.
The wet season in the austral summer has caused havoc in northern Chile.
In the near term, the significant disruption to Brazilian supply will likely keep iron ore prices elevated and volatile.
The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.
Arconic has been under pressure from its biggest shareholder Elliott Management Corp to sell itself.