Posts Tagged ‘Mining’

World’s Gold Miners Stick Close to Home in Hunt for More Metal

Monday, September 19th, 2016

The world’s biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth.

Top producers are relying more than ever on small companies to do the heavy lifting of searching for new deposits and increasingly taking 10 to 20 percent equity stakes in the junior miners.

Exploring close to home is more cost efficient and improves the odds of discoveries. But the chances of making major new finds are limited, diminishing global gold output, which is expected to decline by nearly 9 percent in the next three years.

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Indonesia to Hold Coal Output Steady Despite Price Rally

Monday, August 8th, 2016

Indonesian thermal coal miners will be unable to ramp up output this year due to logistical and debt constraints, despite a strong price rally in recent months, the Indonesian Coal Mining Association said.

Global thermal coal prices have risen sharply on an unexpected jump in imports from top consumer China as it curbs local capacity, as well as demand from other emerging Asian markets and even developed economies, particularly South Korea.

However, Indonesian coal producers that slashed output in recent years due to slumping prices are not expected to be in a position to quickly boost output, association chairman Pandu Sjahrir told news agency Reuters.

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