Gold miners’ Q3’18 fundamentals
Q3 which proved challenging for miners as lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted.
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Sibanye CEO plans to resume cash dividend payments in 2020
CEO Neal Froneman says he’d consider buying more gold assets in South Africa or elsewhere, once the company reduces its debt.
Teck to name partner in Chilean copper project in December
Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.
Australia’s coal revival in full swing by 2019
The outlook for coal depends basically on the growth of electricity and steel production in Asia.
BHP blames driver error, brake problem for runaway train wreck
BHP said its initial findings of the Nov. 5 incident showed the nearly 3-km (1.9 miles) long train came to a halt after a braking system control cable became disconnected.
South Africa’s Eskom revises coal contract strategy, seeks supply security
Eskom, which supplies more than 90 percent of the nation's power, has warned of potential power outages amid low coal inventories after a major supplier cut supplies and sought insolvency protection.
World Gold Council announces update to AISC guidance
It is expected that companies may choose to use the updated guidance starting January 1, 2019.
White Metal expands property during Newfoundland’s gold rush
White Metal is expanding its gold property located in the Botwood Basin.
OceanaGold to acquire gold/silver project in Nevada
The Melbourne-based miner is interested in the Highland gold/silver project, located within the Walker Lane Gold trend.