Mining Frontier monthly e-Newsletter   Monthly E-newsletter - May 2019
Mining Journal 2019
Mining Frontier - Newsletter
May 28, 2019 Ι Volume 5 Ι Mining Frontier e-Newsletter  
Freeport McMoRan Announces Agreement to Sell Portion of Cobalt Business
Freeport-McMoRan announced an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close..
Peabody Proceeding With Reventilation Of First Segment Of North Goonyella Mine
Peabody announced it is proceeding with the ventilation of the first segment of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate as part of a comprehensive phased reventilation and re-entry plan and expected longwall production in 2020.
Vale and Civil Defense carry out new dam emergency drill in Barao de Cocais
Vale continues to work together with public authorities to provide clarifications to the population of Barão de Cocais (Minas Gerais). Approximately 1,600 residents of the city’s Secondary Safety Zone attended a new emergency drill this Saturday, 18/5.
Proposed Billion Dollar Investment in Pueblo Viejo Will Boost its Contribution to Economy

The proposed expansion of Pueblo Viejo, already one of the world’s Tier One1 gold mines, includes an expansion of the mine’s processing plant and tailings capacity with an estimated initial capital investment...

Record quarterly production of copper and the highest EBITDA

142 thousand tonnes of payable copper were produced by KGHM Polska Mied S.A. in the first quarter. This is the best quarterly result in the last 3 years, while production increased by 28 percent as compared to the first quarter of 2018.

Katanga's Settlement Agreement with Gécamines becomes effective

Glencore refers to its announcement with regard to the Settlement Agreement entered into by Katanga Mining Ltd with La Generale des Carrières et des Mines for the resolution of the capital deficiency...

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ALROSAs Diamond
ALROSAs April sales of rough and polished diamonds reached almost $319 million
ALROSA, the world’s largest diamond miner, announces diamond sales for April and four months of 2019. April sales of rough and polished diamonds reached $318.7 million.
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