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India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

Northern Star’s Beament caps off golden year with Legend Award

1st November 2018 Northern Star Resources Executive Chairman Bill Beament has capped of a remarkable period of success for the company by being awarded the Mines and Money Legend in Mining at the International Mines and Resources Conference in Melbourne. Mr Beament joins industry luminaries such as Andrew Forrest,... 

New research finds developing countries’ coal miners face ‘substantial risk inequality’  

By: Tasneem Bulbulia     31st October 2018 Coal miners in developing countries are likely to be exposed to health and safety risks more often than those working in advanced economies, new research has found. Researchers from Cardiff University, funded by the Institution of Occupational Safety and Health (IOSH), have found that a lack of... 

Kirkland Lake positioned for a ‘strong finish’ to 2018

By: Creamer Media Reporter      31st October 2018 Mid-tier gold producer Kirkland Lake is positioned for a strong finish to the year, president and CEO Tony Makuch said on Tuesday, announcing another revision to the company’s production guidance for 2018. The miner, which operates in Canada and Australia, increased its full-year guidance to... 

TPP-11 to give Australian resources a major boost – Minerals Council

By: Esmarie Iannucci     31st October 2018 PERTH (miningweekly.com) – The Australian government has ratified the Trans-Pacific Partnership (TPP-11) trade agreement, a move that has been welcomed by the resources sector. Australia is the sixth country to ratify the agreement, meaning it can now enter into force on December 30, with... 

Victoria poised for new resource boom

By: Esmarie Iannucci     31st October 2018 Victoria’s mineral sector is expected to boom, with Resources Minister Tim Pallas this week announcing mining license extensions at two gold projects, and promising the release of further land for minerals exploration. Speaking at the International Mining and Resources Conference (IMARC) in... 

Glencore hikes coal cost savings forecast by 50%

By: Reuters     31st October 2018 Recent mine acquisitions have helped Glencore Plc achieve 50% more cost savings in its coal business than it had targeted, the world's biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300-million in its coal business... 

Sustainable mining is a force for good: Butler

30th October 2018 Mining needs to embrace its role as an agent of change for good – and tell the story of how it does this better – if it wants to continue to compete for investment dollars and talent in the future, according to International Council of Mining and Metals CEO Tom Butler. Speaking at the... 

World’s safest construction and mining truck debuts at IMARC

30th October 2018 Scania Australia revealed the new XT mining and construction range next-generation trucks at Melbourne’s International Mining and Resources Conference (IMARC) today, giving the industry the first opportunity to examine the extra-tough truck in the metal. The all-new extra-tough Scania XT delivers... 

Epiroc affirms its automation expertise with unveiling of new Regional Application Centre

30th October 2018 Epiroc proudly introduces its new Regional Application Centre (RAC), which aligns with the OEM’s ongoing focus on meeting customers’ growing pursuit to elevate uptime, boost productivity, improve safety and shrink operating costs through the implementation of technology. Based in five key cities... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Will Cars Eventually Run on Water?

29th October 2018 Electriq~Global launches water-based fuel to power electric vehicles An Australian-Israeli startup has found a way to use water in order to power electric vehicles  

Investors doubling their capital injection at IMARC this year

29th October 2018 In only its fifth year, the International Mining and Resources Conference has grown to be one of the largest events of its kind attracting the industry’s biggest operators and investors alike. The most up-to-date numbers show that investors with a staggering $5.4 trillion in assets under... 

On-The-Air (26/10/2018) 

By: Martin Creamer     26th October 2018 South Africa is ahead of the world in the new race to develop innovative ‘power fuels’ that prevent climate change. An Australian company is selling its four big South African coal mines in Mpumalanga to new black owners. The Mandela Mining Precinct this week took its first steps towards the... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Merged Barrick-Randgold eyes nine tier-one gold assets 

By: Mariaan Webb     26th October 2018 Gold major Barrick Gold chairperson John Thornton has urged shareholders to vote in favour of its $6.1-billion transaction with Africa-focused Randgold Resources, telling investors that the combined entity will have five of the world’s ten so-called tier-one assets and that this could be expanded... 

Mining still booming in Oz - ABS

By: Esmarie Iannucci     26th October 2018 The Australian economy reached over A$1.8-trillion in 2017/18, reflecting a 2.8% increase, new data by the Australian Bureau of Statistics (ABS) said. “Australia has now recorded its 27th consecutive year of economic growth and is performing above the 10 year average growth of 2.6%,” said ABS... 

ICT company continues to deliver on growth plans in H1

By: Simone Liedtke     25th October 2018 Information and communications technology (ICT) provider Allied Electronics (Altron) continued to deliver on its growth plans and reduce its debt, and completed the divestment of noncore assets in the six months to August 31. During a conference call on Thursday, the JSE-listed company noted that... 

Newmont adjusted income falls on lower prices, production

By: Mariaan Webb     25th October 2018 Colorado-based Newmont Gold on Thursday reported weaker adjusted net income of $175-million, as its revenue decreased along with gold prices and lower production at various sites. The third-quarter income adjusted for impairments and a write-down in North America, came to $0.33 a diluted share,... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

China cutting rare earth output, unnerving global manufacturers

By: Reuters     25th October 2018 The Chinese government is limiting domestic production of rare earth minerals in the second half of the year, a move likely to crimp international exports and send prices for the critical materials higher, according to data from Adamas Intelligence. China is by far the world's largest producer... 

RNC Minerals' gold production surges

By: Creamer Media Reporter      24th October 2018 TSX-listed RNC Minerals, which recently discovered the high-grade Father’s Day Vein at its Beta Hunt mine, in Australia, has reported a major increase in third-quarter production, with output hitting a record 31 360 mined ounces. This represents a 199% increase on the third quarter of 2017, and a... 

Newcrest reports y/y increase in Q1 production

By: Esmarie Iannucci     24th October 2018 Gold miner Newcrest Mining reported a 5% increase in production for the quarter ended September 30, compared with the previous corresponding period, but output fell by 14% when compared with the June 2018 quarter Gold production in Newcrest’s first quarter reached 548 000 oz and the... 

SKA South Africa confident radio interference issues with aviation will be solved

By: Rebecca Campbell     24th October 2018 South African Radio Astronomy Observatory (SARAO) strategy and business systems head Dr Adrian Tiplady told Engineering News Online on Tuesday that he was certain that concerns regarding radio frequency interference (RFI) on the SKA telescope from aircraft, and the need to maintain aviation... 

Independence invests A$51m in exploration

By: Esmarie Iannucci     23rd October 2018 Diversified miner Independence Group will spend A$51-million on discovery expenditure in the 2019 financial year, MD and CEO Peter Bradford said on Tuesday. Speaking to the Australian Nickel conference, Bradford said that some A$33-million of this funding would go towards greenfields... 

Ichthys ships first LNG to Japan

By: Esmarie Iannucci     23rd October 2018 The Ichthys liquefied natural gas (LNG) has shipped its first LNG from its onshore gas liquefaction plant in Darwin, in the Northern Territory. Operator Inpex on Tuesday said that the first shipment of LNG was destined for the Inpex-operated Naoetsu LNG terminal in Japan, and followed the first... 

China's Shandong Zhaojin seeks South American mining assets

By: Reuters     19th October 2018 Shandong Zhaojin Group, one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday. The company has set up a representative office in Machala, capital of Ecuador's El Oro province,... 

Gold merger will create industry 'superpower'

By: Rebecca Campbell     19th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Plain packaging suggested as safety measure

By: Thabi Madiba     19th October 2018 To reduce tobacco-related deaths that are estimated to amount to seven-million people a year globally, the Department of Health published a proposed Control of Tobacco Products and Electronic Delivery Systems Bill in May for broader public comment, which will regulate all tobacco products to be... 

Sales and production soar at Woodside

By: Esmarie Iannucci     18th October 2018 Australia’s Woodside Petroleum has seen an increase in both production and sales revenues for the third quarter, as its Wheatstone liquefied natural gas (LNG) project continued to contribute strongly to operations. “Production at Wheatstone LNG continued ahead of plan, underpinning a 13.8% rise... 

South32 reports strong manganese and coking coal performance 

By: Esmarie Iannucci     18th October 2018 Diversified miner South32 on Thursday reported a record quarter at its Australian manganese operations, while metallurgical coal production was up 39% on the previous quarter. “Annual production guidance is maintained for all our operations, with Australia manganese achieving another quarterly... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

SMEC celebrates Sydney Metro Northwest ENR Global Project of the Year Award win.

By: Creamer Media Reporter      17th October 2018 A panel of industry judges and editors of the prestigious Michigan-based Engineering News-Record (ENR) selected the Sydney Metro Northwest in Australia as the 2018 Global Project of the Year and Best Rail Project. SMEC was the Design Lead on the international project team and designed the... 

NAIF takes a closer look at Sconi

By: Esmarie Iannucci     15th October 2018 The Sconi cobalt/nickel/scandium project, in Queensland, will come under the microscope after the Northern Australia Infrastructure Facility (NAIF) board indicated it would move to investigate the potential to provide support for the project. The NAIF provides access for up to A$5-billion of... 

Stonewall reveals South Africa gold project numbers

By: Esmarie Iannucci     15th October 2018 A scoping study into the Theta Hill opencut gold project, in South Africa, has shown that the project could support a production of 67 000 oz/y over a near eight-year mine life. ASX-listed Stonewall Resources said that the scoping study was based on a Joint Ore Reserves Committee compliant... 

Chilean court freezes sale of stake in lithium giant SQM to Tianqi

By: Reuters     12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

Euro Manganese lists in Frankfurt

By: Creamer Media Reporter      12th October 2018 Canadian explorer Euro Manganese (EMN) has listed on the Frankfurt Stock Exchange, in response to growing interest from European investors. The Canadian company, which owns the Chvaletice manganese project in the Czech Republic, also appointed Deutsche Gesellschaft für Wertpapieranalyse as its... 

Rio Tinto to take hit on legacy alumina contracts

By: Esmarie Iannucci     12th October 2018 Diversified miner Rio Tinto has warned of a $178-million impact on its financials during the first half of 2018, due to its legacy alumina contracts. The miner supplies some 2.2-million tonnes of alumina under legacy contracts, which are priced at a percentage of the benchmark aluminium price. 

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