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Peru and Chile Agree to Strengthen Technical Cooperation in Energy and Mines
July 10, 2017
Peru and Chile agreed to foster technical cooperation and exchange of experiences in mining and energy fields, within the framework of their First Binational Cabinet in Lima. The agreement was signed by Peru’s Energy and Mines Minister Gonzalo Tamayo as
Coal Markets Brace for China’s Reaction After Prices Near $88.25 a Tonne Threshold
July 10, 2017
Mining and electric utility executives in China are preparing for a possible government intervention into coal markets after prices hit the 600 yuan ($88.25) a tonne threshold the state planner said would trigger steps to cool prices. A prolonged heatwave
India in Talks with Canada’s Teck Resources to Buy Coking Coal
July 10, 2017
India is in talks with Canada’s Teck Resources Ltd., the largest North American producer of coking coal used to make steel, for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year. India has joined top
Dundas Mining Acquires Avebury Nickel Mine in Tasmania for $25 Million, Australia
July 10, 2017
The sale of the Avebury nickle mine on the West Coast is “a positive sign of growing confidence in Tasmania’s resource sector”, said Resources Minister Guy Barnett. The $25 million sale of the mine to Dundas Mining, a Tasmanian-based and
Metro Mining Secures A$40 Million for Development of Bauxite Hills Mine, Australia
July 6, 2017
Sprott Private Resource Lending and Ingatatus AG Pty Ltd., a related party of Metro’s strategic cornerstone shareholder Balanced Property, have been selected to provide debt finance facilities of approximately A$40 million for the development of Metro Mining’s Bauxite Hills Mine.
Fluor Signs MOU to Support Future Projects with Saudi Arabian Mining Company Ma’aden
July 6, 2017
Fluor Corporation has signed a memorandum of understanding MOU with Saudi Arabian Mining Company (Ma’aden) to support future Ma’aden projects located within and outside the Kingdom of Saudi Arabia. Under the MOU, Fluor would be considered for conceptual; pre-front-end engineering
Driverless Bulldozers Set for Queensland Mining Trial, Australia
July 5, 2017
Toowoomba-based Wolff Group has invested in a mobile control room, where an operator is able to control up to four bulldozers at one time remotely. Vision from cameras mounted on the bulldozer is relayed to the operator in the room
Uzbekistan to Modernize Coal Industry
July 5, 2017
Uzbekistan President Shavkat Mirziyoyev has approved the Program for Further Development and Modernization of the Coal Industry until 2021, the Jahon information agency reported. The document was approved due to serious shortcomings revealed in the work of the Uzbekugol (Uzbek
New Heritage Trail Aims to Remember Westoe’s Mining Past, England
July 5, 2017
The history of South Tyneside’s last working mine is being kept alive with the launch of a heritage trail. Hundreds of people descended on Westoe Crown Village, yesterday, to see former miner Jimmy Rylance unveil a sign heralding the history
Gabriel Resources to Sue Romania Over Unbuilt Gold Mine
July 5, 2017
The Canadian mining company Gabriel Resources said Thursday it would sue Romania for $4.4 billion in alleged losses over a gold mine that Romania’s government decided not to approve following protests. The company said the lawsuit would be filed Friday
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