Mining & Metals: The week in 10 stories

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Friday, August 24, 2018

BRAZIL

Kinross Gold remained the largest gold producer in Brazil during the second quarter, with Vale and AngloGold Ashanti switching positions at second and third on the list.

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Top 10 quotes from the 29th Brazilian steel congress – held by Brazil's national steel association IABr from August 21-22 – on the most pertinent issues facing the industry today.

A boost in capacity utilization could help unlock steelmakers' growth potential, but other competitive issues must also be resolved to achieve the industry's goals, Brazilian steel executives said at the congress.

CHILE

The labor negotiation settlement, declining ore grades and use of desalinated water will all contribute to increased costs at BHP's Escondida copper mine in 2019.

The strike at Codelco's Andina division goes on, as the local union demands benefits in health, vacations, years of service and equality for all workers regardless of years of service.

MEXICO

Combined output by Mexico's 10 biggest gold producers slips, with Goldcorp leading the drop following lower grades at its Peñasquito operation.

Alio Gold announced staffing and operational changes after suspending work on its Ana Paula project due to falling gold prices.

A PEA for the La Fortuna gold-silver-copper asset reveals high returns and low costs, with Minera Alamos pursuing expansion opportunities.

Mexico's economy ministry launches a review of an agreement between South Korea's Hyundai Hysco and Posco to limit cold-rolled steel imports, which included a suspension of antidumping duties for the companies' shipments.

PERU

Anglo to build facilities at existing port for Quellaveco exports, including a concentrate warehouse, a conveyor belt and a shiploader.