jueves, 18 de septiembre de 2014

Diamond market record, Glencore takeover targets, drill design award

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Mining News Digest
Friday 19 September 2014
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But new report by De Beers cautions that declining production could see the industry lose ground to other categories.

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For some time now, the Government of the United States has been effectively checking through their couch for loose change. Anything helps, even if the debt owed is a staggering $17 trillion.

"All that's required is to hand the world's best mining assets to the world's best management."

Humber College's Borys Chylinski selected as a Canadian runner up for the James Dyson Award for his Skorpion compact underground drill carrier.

It's just that easy.

Boom.

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Strike action closes Guelb Moghrein copper-gold mine which accounts for 10% of Vancouver company's copper output and a quarter of its gold production.

Bonanza, a tropical town in north-eastern Nicaragua, has attracted gold miners since 1880. Still true to its name, it yields over a thousand kilos of the metal every year. But it is a dangerous place.

President and CEO Steve Letwin of IamGold told the Denver Gold Forum that he is confident the company can sell its Niobec mine in Quebec within the next six to 12 months for about $500 million after taxes.

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In the world of a constantly changing oil and gas environment, the Montney shale basin is the sleeping giant that holds the key to accelerating Canada's shale oil and gas boom, but the real treasure within this giant is a tight liquids-rich zone (approximately 15-20 miles wide) that has big and small players alike narrowing their focus for the potential of a giant payout.

The drill results from the Howse iron ore deposit near Schefferville, QC, are positive with grades in the 65% range. The deposit is the target of a $5-million exploration program mounted by joint venture partners Labrador Iron Mines and Tata Steel.

Ousei

Second round sampling results surpass expectations with Ag 90 oz/t (2,550 g/t) plus over 0.5-2m channels .

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