Silver miners’ Q4’17 fundamentals
With gold out of favor, silver and its miners have largely been left for dead and forgotten.
With gold out of favor, silver and its miners have largely been left for dead and forgotten.
The two countries on 30 March signed a Memorandum of Understanding focusing on geology and development of mineral resources and civil aviation.
Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco’s aging mines to deal with dwindling ore grades.
Queensland’s resources sector is powering jobs growth across the State with Australian Bureau of Statistics (ABS) data showing an increase of close to 10,000 jobs in the February quarter.
Geopolitical risk, geopolitical turmoil, the threat or the idea of such is always good for gold.
The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.
“The implementation of autonomous machinery will fundamentally change mining and will have a profound impact on the industry as a whole,” says Dave Goddard, of the Global Mining Standards and Guidelines Group (GMSG), a facilitator of global mining collaboration on common industry issues. “Although there are a lot of mining companies currently taking a ‘wait and see’ approach to autonomous operations, the reality is that automation will be hugely disruptive in mining and will come whether they want it or not. And it’s more likely to come in a sooner and shorter time horizon than anyone is expecting.”
In a technology-focused partnership that will help make mines safer and more productive, the Wits Mining Institute (WMI) at the University of the Witwatersrand and leading mining company Sibanye-Stillwater have launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).
The company said its founder and chairman emeritus, Peter Munk, passed away Wednesday in Toronto, surrounded by his family.
Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.