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Caterpillar Seals Deal on Autonomous Retrofit Project for Fortescue’s Mining Trucks, Australia

October 2, 2017

Caterpillar Inc. this month publicly acknowledged its first major agreement to retrofit a mine operator’s mixed fleet of mining trucks with autonomous capabilities. Approximately 100 Cat and Komatsu trucks at Fortescue’s iron ore mines in the Pilbara region of Western

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Pakistan Wrestles with Coal Dilemma Amid Power Shortfalls

September 28, 2017

Pakistan’s efforts to end energy crisis have impaled it on the horns of a dilemma: it wants to end power shortfalls at the earliest using coal but also needs to keep its environment clean. Electricity is a major issue in

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China Still Bringing in Boatloads of North Korean Coal Despite Ban

September 28, 2017

China announced in February that it was suspending coal imports from North Korea through the end of the year, but China imported significant amounts of coal last month, according to domestic customs data. China imported 1.6 million tonnes of coal

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Brazil Backs Off Mining Bid in Amazon Nature Reserve

September 28, 2017

The Brazilian government has pledged to reinstate a mining ban in an Amazonian nature reserve, reversing its earlier course after an international outcry. Greenpeace says several illegal mines are active in the area. President Michel Temer will restore protective measures

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Metso Signs Distribution Agreement with Process Control Equipment to Expand Services in UK, Benelux

September 26, 2017

Metso has signed a distribution agreement for its valve products with Process Control Equipment (PCE) to cover UK, Benelux and Spain. Under the non-exclusive agreement, PCE will add to its current portfolio of Metso’s Neles and Jamesbury product families for

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Bukit Asam Explores Coal Mining Acquisitions in Kalimantan, Indonesia

September 26, 2017

Bukit Asam (PTBA) is focusing on seeking coal mines to be acquired in Kalimantan. The company considers that Kalimantan is an area with abundant coal reserves and has better logistics access than Sumatra. Director of Bukit Asam, Arviyan Arifin confirmed

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Fura Gems Enters Agreement to Acquire Ruby Licenses in Mozambique

September 26, 2017

Fura Gems Inc. has entered into an agreement to acquire all of the issued and outstanding shares of Cobadale Ltd. On closing of this transaction, Fura Gems will own an 80 percent effective interest in four ruby licenses and has

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There’s a Surprising Winner from China’s Ban on North Korean Coal

September 25, 2017

There is a surprising potential winner from China’s ban on North Korean coal: Mongolian coal exporters. That’s according to Christopher Wood, author of CLSA’s weekly “Greed & fear” newsletter, who cited what his team heard while in Ulaanbaatar, the capital

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Government of India Assures to Streamline Quarrying Operations

September 25, 2017

Efforts would be taken to streamline sand quarrying operations in an ecologically-friendly and environmentally sustainable manner across the state, Tamil Nadu chief secretary, Girija Vaidhyanathan and Principal Secretary of Public Works Department, S K Prabakar told the Madurai bench of

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NewBlack Energy Considers Acquiring Peabody Energy’s Mothballed Wilkie Creek Coal Mine, Queensland

September 25, 2017

A Queensland-based company has confirmed it has made an offer to global energy giant Peabody Energy to purchase one of its mines in the region. NewBlack Energy CEO Michael Gray told The Chronicle he and his colleagues had been working

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