AGP Executive Report
Last update: 9 hours agoMining Output and Costs: South Africa’s mining production fell 10.7% year on year in September, led by declines in iron ore, coal and platinum-group metals. Input-cost inflation also accelerated to 4.9%, with fuel costs up 32.9% year on year. Investment Push: Pakistan opened its Minerals Investment Forum in Islamabad, drawing delegates from more than 60 countries as officials promoted exploration, processing and value-added industries. Reliance Industries plans a $4.6 billion underground coal-gasification project in Andhra Pradesh, subject to approvals and successful early-stage work. Company Results: Aya Gold & Silver reported third-quarter revenue up 90% and production up 51%. Caledonia Mining’s revenue rose 10.5% on higher gold prices, despite an 11% production drop at its Blanket mine; it says operational fixes are underway. Copper and Safety: Adani’s Kutch Copper and Chile’s Codelco agreed to explore copper opportunities in Chile. In Pakistan, an attack during an operation against illegal gold mining killed 10 police officers and 18 militants. Environmental Concerns: A study found high mercury levels in riverbed sediment in Ghana’s Pra and Ankobra rivers, especially near mining areas.
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