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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
 
Base Metals

US miner receives $500 000 investment

SHINE ON BMIX is selling a portion of its production as polished diamonds, at much higher margins than rough diamonds California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds...
25th July 2014
 
M&A

Big deals surge in Q2

After a quiet first quarter, mergers and acquisitions (M&A) activity in Canada accelerated in the second quarter, according to professional services firm PwC's ‘Capital Markets Flash’. The second quarter saw 748 deals with a total value of...
24th July 2014
 
DIVERSIFIED MINING

Teck Resources' profit falls as coal prices remain weak

Canadian diversified miner Teck Resources reported a 44% drop in quarterly earnings, mainly due to "significantly" lower coal prices. Teck said coal prices fell to $111/t in the second quarter from $156/t a year earlier. The company said it sold...
24th July 2014
 
COPPER

Indonesia to give Freeport export permit, face-off continues with Newmont

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

Real-Time Oil & Gas Data in the Cloud PDF Available

Oilfield service company delivers drilling information to remote users via the cloud to increase productivity and enhance safety. Our company was founded in December 1964 as Midwest Well Logging, and in November 2006 was purchased by a private...
24th July 2014
 
MURIATE OF POTASH

Mosaic to halt muriate of potash output in New Mexico

US fertiliser producer Mosaic said on Wednesday that it would permanently halt production of muriate of potash at its Carlsbad, New Mexico mine due to the quality of ore and age of the facility. The Minnesota-based company said in a regulatory...
24th July 2014
 
 
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