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DIVERSIFIED MINER

Freeport-McMoRan reports improved Q2 revenues

Grasberg, Indonesia US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global...
23rd July 2014
 
DIVERSIFIED MINERS

WA iron-ore and Qld coal shine in BHP’s 2014 financial year

Diversified miner BHP Billiton has exceeded its production guidance at its Western Australia iron-ore and Queensland coal divisions during the 2014 financial year. “Our focus on productivity has resulted in a significant improvement in...
23rd July 2014
 
COPPER

Collahuasi 2014 production will be slightly above last year - CEO

Production at Collahuasi, one of the world's largest copper mines, will be slightly higher in 2014 than last year, the company's CEO Jorge Gomez said on Friday. The Chilean mine produced 444 509 t of refined copper in 2013, up from 282 100 t in...
18th July 2014
 
BASE METALS

Amerigo’s Q2 output below target on low tailings grades

Tailings reprocessor Amerigo Resources on Friday reported below-target copper and sulphide output for the second quarter ended June, as the grades in both old and fresh tailings at the Minera Valle Central (MVC) operations, in Chile, were lower...
18th July 2014
 
Company Announcement

Customised hydraulic breaker from Chicago Pneumatic chosen for high temperature application at Chilean copper mine PDF Available

A customised RX22 hydraulic breaker from Chicago Pneumatic has been chosen for use in a demanding kiln cleaning application at a leading copper mine in Chile. The rig-mounted hydraulic breaker, which is modified to withstand temperatures of over...
11th July 2014
 
COPPER

Codelco to cancel some term copper shipments to China in H2 - sources

Chile's Codelco has asked certain buyers of refined copper in China to cancel some term shipments scheduled for delivery in the second half of the year as the firm processes less ores from a new mine, three sources said. The shortfall is likely...
9th July 2014
 
Earthmoving, Surface Mining and Equipment

Dump truck makes it into Guinness Book of Records

MAMMOTH MACHINE The world’s largest mining two-axle is currently being field-tested as one of the biggest machines of its class Belarus-based multinational engineering company Belarusian Autoworks’ (BelAZ’s) BelAZ-75710, the world’s largest mining two-axle all-wheel-drive dump truck – with a weight-carrying capacity of 450 t – has proved worthy of an entry in the...
4th July 2014
 
Editorial Insight

Projected population supports mining, new diamond mine under construction, reports of platinum mines auction plan

The projected growth of the population of the world favours mining deeloment; funding obtained for new diamond mine; London says Anglo American has appointed a bank to auction its stressed platinum assets.
4th July 2014
 
PERSPECTIVES

THE MINE THAT BASKS IN SUN ENERGY

Chilean iron-ore miner Compañía Minera del Pacífico, a company in the Santiago-listed CAP group, has an agreement to buy energy from this Amanecer Solar CAP plant, which is situated in the municipality of Copiapo, in the Atacama Desert. Chile...
4th July 2014
 
CHILE BLACKOUT

Chile blackout affects miners, copper production impact seen limited

Operations at some of Chile's largest copper mines were affected to some extent for a few hours by a power outage in the country's mineral-rich north, industry sources said on Thursday, though the actual impact on production could not be...
3rd July 2014
 
BOND ISSUE

Chilean miner Codelco issues €600m, 10 yr bond

State-owned Chilean copper miner Corporacion Nacional del Cobre issued a €600-million ten-year bond on Wednesday in an effort to diversify its financing sources and to help fund its ambitious investment plan. Over the next five years, Codelco,...
3rd July 2014
 
MINING & PRODUCTIVITY

Miners urged to chase productivity to revive returns

As mining companies’ shareholder returns plunged over the past five years, productivity improvement – in new areas and ways – remained a focus for companies trying to boost value creation, a new report by Boston Consulting Group (BCG) has...
2nd July 2014
 
 
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