Agencia Nacional de Minería

  • Facebook
  • Twitter
  • Instagram
  • Google
  • Youtube
  • Linkedin

Logo Colombia Land of Mining Opportunities

logo ing nuevo

Contenido Pagina Web

The Northern Miner

Financing uptrend continues, PDAC report says

The Investors Exchange at PDAC in Toronto. Photo by The Northern Miner.The Investors Exchange at PDAC in Toronto. Photo by The Northern Miner.
After a prolonged downturn in mineral industry activity, 2016 and 2017 were characterized by rising commodity prices that sparked increased financing opportunities and exploration expenses, both in Canada and globally. A cyclical upswing in global economic activity, coupled with U.S. dollar depreciation and low interest rates, has driven an improvement in the commodity complex. However, improvements in financing and exploration activity have not spread evenly across the mineral industry. Read more


Mining Journal
July 31, 2018
Mixed period for miners
Base metals were mixed on the London Metals Exchange yesterday and the gold price is a couple of dollars higher, nearing US$1,223 an ounce on the spot market.
Copper company First Quantum Minerals closed higher. The copper subsector was the only positive mover in Toronto where the overall S&P/TSX Composite Index metals and mining sector closed 0.57% lower yesterday. First Quantum Minerals' (TSX: FM) gain of 0.42% outweighed Nevsun Resources' (TSX: NSU) drop of 1.44% and Lundin Mining closing 0.28% lower. The possibility of a strike is looming at the Escondida copper mine in Chile where unionised members are voting this week. Read more.


Mining Journal
July 31, 2018
"We think it prudent to extend our copper sales hedge programme…"
First Quantum Minerals (TSX: FM) has decided to extend its copper hedging programme despite reporting a US$45 million loss realised under the programme in its June quarter results. Chairman and CEO Philip Pascall said the copper market had "excess demand" but the company wanted to ensure a certain level of cash flow during Cobre Panama's commissioning and ramp-up phases. Read more.

 

Mining Journal
July 30, 2018
Busy week dawns on markets
A busy week dawns for market watchers with the US Federal Reserve set to meet, China to release more macroeconomic data and Escondida union members voting whether to strike at the world’s largest copper mine. Commodity prices had generally closed slightly higher in London on Friday, with the exception of lead, while the gold price hovers around US$1,220 an ounce on the spot market. Metals and mining stocks had managed a slight gain of 0.03% on Friday in Toronto, and BHP (ASX: BHP) had closed higher in Australia on the US$10.8 billion sale of its US onshore oil and gas assets. Read more.

 

El Colombiano
July 29, 2018
Tres empresas paisas que luchan contra la corrupción
Tras concluir con éxito la cuarta medición a grandes empresas, el Comité Gestor de Empresas Activas Anticorrupción (EAA)- Negocios con principios reconoció a trece compañías, nacionales y multinacionales, por contar con altos estándares en materia de lucha contra la corrupción. La iniciativa, liderada por la Secretaría de Transparencia de la Presidencia, busca elevar la capacidad del sector privado para identificar y prevenir actos de corrupción. En listado figuran tres sociedades de origen antioqueño: Protección, Almacenes Éxito y Continental Gold. Read more.

 

Mining Journal
July 27, 2018
Colombia could be on Peru road, says Newmont chief
Newmont Mining Corp is viewing Colombia “much like we saw Peru 20 years ago”, according to CEO Gary Goldberg, after the gold major recently opened an office in Medellin. It bought nearly 20% of Colombia gold-mine developer Continental Gold (TSX:CNL) last year for US$109 million. Read more.

 

Mining Journal
July 26, 2018
Gold price rises
The gold price rose in the wake of a positive meeting between US president Donald Trump and European Commission president Jean-Claude Juncker before the US dollar steadied.
Newcrest gains on quarter “to be proud of”. Gold was earlier about US$7 an ounce higher than this time yesterday but has since eased a couple of dollars on the spot market to around $1,230/oz. Australian gold miner Newcrest Mining (ASX: NCM) was one of the big risers on the benchmark S&P/ASX200 today, up 4.8% at the time of writing as it unveiled results from "a quarter to be proud of". Read more.

 

Mining Journal

July 26, 2018
Goldcorp reports loss, lower gold production
Canada-based gold miner Goldcorp (TSX: G) reported a net loss and lower gold production at higher cost for the June quarter but has maintained its 2018 guidance as it said two operations were set to ramp up in the second half. The company said it was impacted by non-cash foreign exchange losses of US$178 million mainly from deferred tax balances, resulting in a net loss of $131 million. Read more.

 

Mining Journal
July 25, 2018
Diversified majors gain
China’s moves to boost domestic growth bolstered commodity prices and diversified majors yesterday, while positive earnings continued in the US as tariff concerns fester.
"What we are seeing right now is positive earnings news on the back of fairly positive tax cuts and that is encouraging momentum in terms of economic growth," Oxford Economics head of US macro economics GreG Daco told Bloomberg TV. "But we have to be wary that these tariffs have only gradually started to be implemented."
The S&P500 closed higher in New York yesterday with the metals and mining sector rising 1.57%.
In London, the metals and mining sector surged more than 5% yesterday with strong gains by the diversified majors. Read more

 

La Guajira
July 24, 2018
Cerrejón recibe reconocimiento por implementar buenas prácticas ambientales y sociales
Aspecto de los diferentes representantes de las empresas a la cual el Ministerio le reconoció por sus buenas prácticas ambientales y sociales.
El Ministerio de Minas y Energía otorgó a Cerrejón el reconocimiento al desarrollo de la experiencia significativa en asuntos ambientales y sociales para el sector minero energético por el proyecto “Sistemas rurales sostenibles, cuenca del Río Ranchería”. Read more.

 

Mining.com
July 24, 2018
Chile’s copper agency said US-China trade war to hit metal price
The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to $3. The state agency also said it expected the metal’s price to climb back upwards next year, reaching $3.10 per pound. In terms of output in Chile, the world’s largest copper producing country, Cochilco expects 5.7 million tonnes this year and 5.94 million tonnes in 2019. It also sees global copper demand picking up by 0.4% this year. Read more.

 

Commodity Trade Mantra
July 24, 2018
Silver Prices – What Drove them Down will also Boost them much Higher
Precious metals analyst Ted Butler returns to the podcast this week to discuss the long-suffering silver price.
Will the beatings continue? Or is there finally reason to believe that, after seven painful years of languishing, silver may finally see a brighter future?
Butler predicts a turning point is nigh. And ironically, he thinks silver’s savior will be the same culprit responsible for keeping the price suppressed for all these years. Read more.

 

Mining Journal
July 24, 2018
Commodity prices lower
Commodity prices were lower across the board in London yesterday but Australian mining stocks were on the rise today, thanks to China moving to boost domestic demand. Rare earths producer Lynas was on the rise. As trade tensions threatened to worsen China's economic slowdown, stocks were buoyed by the country announcing policies including tax cuts and special bonds for infrastructure investment, Bloomberg reported. Australian mining stocks were in positive territory in afternoon trade, helped by Lynas Corp's (ASX: LYC) gain of more than 10.7% at the time of writing. The company had reported record rare earths production for the June quarter last week, along with debt reduction and strong demand. Read more.

 

Metal Bulletin
July 24, 2018
LIVE FUTURES REPORT 24/07: SHFE base metals prices mixed; copper leads on upside
Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Tuesday July 24, with nickel, zinc and tin weakening, while the rest ticked higher – led by a 0.7% increase in copper. Base metal prices benefitted somewhat from a looser monetary policy in China after the country’s central bank injected $74 billion of cash into the banking system on Monday through loans to commercial banks. The People’s Bank of China provided one-year loans through its medium-term lending facility (MLF), with rates unchanged. Read more.

 

Mining Journal
July 24, 2018
Dushnisky to lead AngloGold Ashanti
Barrick Gold president Kelvin Dushnisky has quit and jumped ship to rival gold producer AngloGold Ashanti.
He will start on September 1 at the third-ranked gold producer, replacing outgoing CEO Srinivasan Venkatakrishnan, who finishes his tenure at the end of August to head up Vedanta Resources. Dushnisky has been at Barrick since 2002, where he worked under Peter Munk, and was appointed president in 2015. Read more.

Informacion Agencia Nacional de Minería
NATIONAL MINING AGENCY

Avenida Calle 26 No. 59-51, Tower 4, Floors 8, 9 and 10

Phone number: (+57 1) 220 19 99 - Postal Code: 111321

Citizen service hours: Monday to Friday 7:30a.m. to 4:00p.m.

Bogota D.C. - Colombia

PROMOTION GROUP

Avenida Calle 26 No 59-51 Tower 4, Floor 9

Phone number: (+57 1) 220 1999 Ext. 5717-5705

Email: promocion@anm.gov.co

Service hours: Monday to Friday 7:30 a.m. to 4:00 p.m.