Production dropped 6% in the quarter.
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This second major cash injection brings the Chinese miner’s total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.
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Document divides operations into six levels, from zero (entirely manual ) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.
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Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.
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Initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.
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Drilling is set to begin April 24 on multiple exploration targets.
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Find is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered since March and the fourth such rock discovered in the current financial year.
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Petra Diamonds on a roll after another major find at Cullinan Read More »
Niron Metals, an investment vehicle co-founded and headed by Davis, has struck a deal with Liberia allowing it to use a rail and port to export iron ore from Guinea’s Zogota iron ore deposit.
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Consolidated gold production was 230,859 ounces, 6% (12,704) ounces above budget.
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The company, South Africa’s largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.
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