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Mining News Digest
Saturday 21 October 2017
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The deal does not mean Tanzania will immediately lift the demand for Barrick's subsidiary Acacia Mining to pay $190 billion in allegedly unpaid taxes.

Russian miner posts another quarter of record production on the way to 2.8m ounces in 2019 as its $2.2 billion Natalka mine ramps up.

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.

The combination of spread stress and large flows of metal in the LME system suggests we've just witnessed a big bear-bull battle among physical players.

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

Total initial capital cost is estimated at $187 million with additional sustaining, reclamation and closure costs of $101M totaling $288 million.

As a result of the permits, Glencore can acquire shares in companies Aluminium of Ukraine and Guardon Ukraine.

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