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Rio Tinto readies to close world’s biggest diamond mine


The miner expects to see production of rough diamonds drop from 17 million carats last year to 12-14 million in 2020 as a result.



MINING NEWS DIGEST

January 18, 2020

Rio Tinto readies to close world's biggest diamond mine

The miner expects to see production of rough diamonds drop from 17 million carats last year to 12-14 million in 2020 as a result.

Fresh high for iron ore price as Chinese steel breaks records

Crude steel output fall just shy of 1 billion tonnes in 2019, up 8.3%.

Lynas' rare earth licence renewal in Malaysia challenged in court

The lawsuit challenges the Malaysian government's decision to renew the company's operating licence last year.

Palladium tops $2,500 an ounce in biggest one-day surge since 2008

The metal is headed for its best week since 2001 and showing little sign of slowing down.

A global look at high-risk tailings dams

A third of the world's tailings dams are at high risk of causing catastrophic damage to nearby communities if they crumble.

B2Gold achieves record production for 11th year in a row

The company's 2019 figures exceeded the upper end of production guidance.

Trade war has copper prices artificially low, Chile minister says

The phase-one trade deal between the US and China may bring some relief.

Omineca stakes 13 more claims at Wingdam, stock soars

The project has geological similarities and a location parallel to the multi-million ounce gold resource at Osisko Gold Royalties'...

The elite De Beers diamond buyers club may get even smaller

The world's biggest producer is wrestling with the way it sells diamonds after a disastrous year for the companies that cut, polish...

LME stock surge grounds high-flying nickel, but for how long?

London Metal Exchange inventory has more than doubled in the space of little more than a month.

American Battery Metals signs LOI for Elk gold project, stock up 16%

The Elk project has a resource estimate comprising 442,600 ounces of gold in the measured and indicated categories.

Lucara strikes a deal to cut and polish with Louis Vuitton

Under the deal, Louis Vuitton and HB Company will cut and polish the 1,758-carat Sewelo diamond.

Graph: Low inventories to frustrate zinc bears

Stocks of zinc in LME warehouses are close to 20-year lows.

Goldsource plans 'significant' drilling, expects resource update mid-2020

This year, Goldsource has work planned to advance the project towards prefeasibility stage.

Altamira Gold granted trial mining license in Brazil

The permit applies to the Cajueiro gold project.

Brazil prosecutors threaten to revive $37bn lawsuit over Samarco delays

The prosecutors' office has not ruled out other legal measures.

Kirkland's $3.4bn bid for Detour wins backing from proxy advisory firms
Minera Alamos starts construction on Santana mine in Mexico

Minera Alamos holds two development projects in its project portfolio that can be quickly ramped up to production.

 
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