Sentences with phrase «costs for mining companies»

Michael Rawlinson, Global Co-Head of Mining and Metals at Barclays, commented that while the sharp drop in oil prices has reduced costs for mining companies it has also added to uncertainty in the market and could prolong the wait for the commodity cycle to turn upwards again.

Not exact matches

Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current and future exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and / or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled «Risk Factors» in the Company's Annual Information Form for the year ended December 31, 2017 dated March 15, 2018.

Mining giant BHP Billiton has said that its exploration and capital expenditure for the 2014 financial year will decline significantly to approximately $ 18 billion as the company looks to reduce costs

This bodes well not only for investors in bullion but also mining companies, which will likely proceed with cost - cutting initiatives to maintain or expand margins.

Certainly, the cost of capital for non-investment grade gold mining companies has gone up and is a consequence of the new Basel three banking regulations and I think those two factors mean that new mine supplies will begin to decrease.

Therefore, we have products and expertise to assist mining companies in improving the performance of their assets, allowing for either the same production rate at a lower cost or a higher production rate at the same cost,» affirms FLSmidth sub-Saharan minerals commercial manager Terence Osborn.

According to Ukwazi mining lawyer Spencer Eckstein, mine planning is a critical function for any operation, as it identifies mining risk, determines requirements and forecasts production cost, including whether mining companies can meet their set targets or produce the correct quantities and qualities and what remedial strategies to implement.

Oddly, as I pointed out earlier, the Friends of Coal industry front group is not attacking the legislation's impacts on coal — instead going for a general criticism of potential increases in energy costs to consumers. And as I've also pointed out, the United Mine Workers union concluded the bill ensured that «the future of coal will be intact (but still withheld its endorsement, seeking more concessions for coal companies and coal - fired utilities).

But there's still no answer to the one key question — how can a GBP 5 million market cap company, which already lives hand - to - mouth for its cash, hope to raise the USD 78 M capital cost of its proposed Clontibret, Monaghan, gold mine?

For example, suppose it costs a mining company $ 700 to mine an ounce of gold, when the price of gold is $ 900, the profit is $ 200 but when the price goes up to $ 1000, the profit is $ 300 — a 50 % increase in profits caused by a 11 % rise in the price of gold.

Companies have no interest in pursuing greater transparency because it won't turn out well for them in the end; they'll be forced to pay much higher prices by sourcing from regulated industrial mines that have higher operating costs and salaries to pay.

U.S. mining company — defended a major domestic mining company in litigationof environmental cost recovery and natural resource damage claims by federal / state governments in federal bankruptcy court, received a favorable settlement for the client

Sebastian Serrano, CEO of bitcoin processor BitPagos, for instance, said he expected SegWit would reduce the time it would take partner companies to send funds, as well as reduce the cost his company pays in mining fees.