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POTASH

PotashCorp lifts profit outlook, Q2 earnings beat expectations

Canadian fertiliser producer Potash Corp of Saskatchewan (PotashCorp) this week reported a near 27% drop in second-quarter profit at $472-million, or $0.56 a share, as lower potash prices dragged revenue down. However, the results for the period...
25th July 2014
 
COPPER

Indonesia to give Freeport export permit, face-off continues

Indonesia will soon allow US miner Freeport-McMoRan Copper & Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday. However, there has been no such...
24th July 2014
 
Company Announcement

Will Mining Disappear in the next decade? PDF Available

A piece of recent media coverage suggested that with the global mining industry in decline over the last twenty years, this might signal the complete degeneration of the industry by 2024! WRS, a recruitment specialist for the industry sees some...
21st July 2014
 
GOLD EXPLORATION

Freegold Ventures to apply ounce-finding aptitude to new Alaska project

Alaska-focused Freegold Ventures on Thursday announced that it had acquired the Shorty Creek copper/gold porphyry target, located about 100 km north-west of Fairbanks, Alaska, where it would apply its ounce-finding prowess over the next decade....
17th July 2014
 
DIAMONDS

De Beers’ Forevermark to expand into UK, Ireland

De Beers’ diamond brand Forevermark would enter the UK and Ireland markets later this year. The company appointed Crossworks Manufacturing as its licensee partner and would work with a select number of retailers to bring Forevermark diamonds to...
15th July 2014
 
Exploration

Decline in new mining projects

Last year saw a decline in the number of new mining projects worldwide, with Africa contributing 29% of the total, although these projects were small, on average, compared with the global norm, says global financial information provider SNL Metals...
11th 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
 
Company Announcement

Where are the management level women in mining? PDF Available

A recent global study by McKinsey found that CEO’s believe the top four attributes for leadership success are intellect and stimulation, inspiration, participatory decision-making and setting expectations and rewards. As these attributes were...
25th June 2014
 
MERGERS & ACQUISITIONS

SNC-Lavalin to acquire Kentz in C$2.1bn deal

TSX-listed SNC-Lavalin has moved to buy global oil and gas services company Kentz Corporation for C$2.1-billion or C$17.13 a share. The deal, which represented a 33% premium on the volume weighted average price of Kentz shares over the past 30...
23rd June 2014
 
Company Announcement

1994 – 2014: From a traditional lock company to a global leader in door opening solutions PDF Available

From humble beginnings as a traditional lock manufacturer supplying the Nordic region, ASSA ABLOY celebrates 20 years as a global leader in total door opening solutions. 1994, the year that South Africa celebrated its first free and democratic...
23rd June 2014
 
Company Announcement

Weir Minerals Introduces Comminution Experts PDF Available

With the introduction of its Enduron® line of crushing and screening equipment, the Weir Minerals Comminution Group has been fortunate to draw upon the minerals processing expertise provided by its key personnel, including Edward Wipf, VP Process...
19th June 2014
 
Mining Services

Updated pump design improves froth-handling capabilities

IMPROVED FROTH HANDLING
A large inlet diameter and unique impeller inducer blade are able to handle heavy froth and high-viscosity dense slurries
Owing to design improvements on the Warman AHF series of heavy duty horizontal froth pumps, the product now has enhanced and revitalised froth handling capabilities, reports slurry equipment solutions provider Weir Minerals Africa.
13th June 2014
 
 
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