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DIAMONDS

Petra Diamonds 2014 output exceeds guidance

LSE-listed Petra Diamonds increased its production for the 2014 financial year by 17% to 3.11-million carats – above market guidance of 3-million carats. The increase in production was mostly owing to production increases at its Finsch mine, in...
28th July 2014
 
IMPORT DUTIES

US sets duties on ferrosilicon from Venezuela, not Russia

The US Department of Commerce on Friday confirmed final import duties on ferrosilicon from Venezuela and found no dumping of products from Russia, upholding an earlier decision. Final dumping margins on ferrosilicon, used as an alloying agent in...
25th July 2014
 
DRILLING SERVICES

Major Drilling expands services underground

Canadian drilling equipment and services provider Major Drilling this week announced its entry into the underground percussive/long-hole drilling sector with an agreement to buy Taurus Drilling Services for C$27.7-million. The Moncton, New...
25th July 2014
 
COMPANY REORGANISATION

Veris Gold granted provisional relief in the US

Gold producer Veris Gold was this week granted provisional relief under Section 1519 of the US Bankruptcy Code. As of  Wednesday, the ruling recognised the Canadian proceeding of the Companies' Creditors Arrangement Act (CCAA) and, as a result,...
25th July 2014
 
GOLD

London gold fix company appoints committee to oversee benchmark

The company operating the gold price 'fix' has appointed a supervisory committee to oversee the century-old system of benchmarking gold prices ahead of the implementation of stricter regulations, its website showed on Friday. The London Gold...
25th July 2014
 
COSTS

New metrics enhance transparency of gold miners' cost reporting

The World Gold Council’s (WGC’s) supplementary ‘all-in’ cost metrics have helped gold miners to provide more external transparency regarding their cost reporting, while the metrics have enabled them to internally drive change by equipping...
25th July 2014
 
Copper

Automation systems company expands S America services

MEXICO The Mexico-based service centre enables Metso to cover all the mines in the north-west of Mexico Mineral processing equipment and automation systems provider Metso has expanded its service offering to Peru and Mexico by establishing mining service centres in the two countries. These investments, worth €6-million each, dovetail with Metso's...
25th July 2014
 
Ferrous Metals

Continuous product development necessary

CONTINUOUS DEVELOPMENT
As part of product development, Sandvik’s considerations include the design of rotary bits with more operational flexibility
Considering some of the key challenges currently facing the iron-ore industry, there is a definite need for original-equipment manufacturers (OEMs) to focus on product research and development for specific customised products, says tooling,...
25th July 2014
 
WOMEN IN MINING

Glencore’s woman director marks progress for mining

Glencore’s Woman Director Marks Progress for Mining: Commodities  
25th July 2014
 
All

Kodiak coking coal project, US Restricted

A prefeasibility study on the Kodiak project has confirmed the economic viability of the project.
25th July 2014
 
GOLD

New metrics enhance transparency of gold miners’ cost reporting

The World Gold Council’s (WGC’s) supplementary ‘all-in’ cost metrics have helped gold miners to provide more external transparency regarding their cost reporting, while the metrics have enabled them to internally drive change by equipping...
25th July 2014
 
RENEWABLE ENERGY

Replacing diesel with solar will yield cost savings for mines

The majority of mines in Africa is mostly located in areas with a high solar resource, but many off-grid mining operations are burning diesel to power their operations, with high fuel and environmental costs, solar energy solutions company...
25th July 2014
 
 
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