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Barrick Gold reports Q2 loss as Saudi impairment charge weighs

The world largest gold producer Barrick Gold on Wednesday reported a second-quarter loss of $269-million, or $0.23 a share, weighed down in the three months ended June 30 by an impairment charge of $514-million related to the long-delayed Jabal...
31st July 2014

BHP Billiton to fire 6% of staff at Chile's Spence, Cerro Colorado

Global miner BHP Billiton said on Tuesday that due to rising costs and lower ore grades it will fire approximately 6% of staff at its northern Chilean Pampa Norte division, which encompasses the Spence and Cerro Colorado copper mines. "As part of...
29th July 2014

Opportunity for South Africa in Peru

ELSA DRY South African business people in the mining sector have been urged to capitalise on the opportunities that currently exist in Peru A South African business delegation last month visited the Lima-based Peruvian Institute of Mining Engineers to learn about the various opportunities available in the sector, and possible opportunities that could still be explored. “South...
25th July 2014
Base Metals

South American mining to reach 6.2% growth by 2017

Brazil's mining industry contributes almost 40% of South America's total region revenue The South American mining industry will reach an estimated compound yearly growth rate of about 6.2% from 2012 to 2017, which will take the industry to a total value of $184.3-billion. Some of the world’s largest copper, bauxite, iron and nickel...
25th July 2014
Base Metals

US company contracted to drill at Chile mine

LEADING THE PACK Chile is widely known as the world’s number one copper producer Integrated exploration drilling services provider Boart Longyear was, in May, contracted to conduct exploration drilling at BHP Billiton-operated Minera Escondida copper mine in northern Chile’s Atacama Desert, says Boart Longyear Latin America...
25th July 2014

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

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

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

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

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
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