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Coal India Considers Raising Met Coal Prices
July 28, 2017
The world’s biggest coal miner is considering raising metallurgical coal prices for the second time this year, a company official said, reflecting Coal India Ltd.’s efforts to shore up revenue amid rising costs. Coking coal producing units Bharat Coking Coal
Sandvik Divests Conveyor Components as Final Step in Exiting Mining Systems
July 26, 2017
Sandvik has signed an agreement to divest the conveyor components’ parts of the Mining Systems business, including the closely related specialist conveyor systems business in Hollola (Finland), to NEPEAN Conveyors Pty Ltd, a privately owned Australian based company. As reported,
Yangquan Coal Industry to Boost Production with Collaboration with Baidu, China
July 25, 2017
Shanxi Province-based Yangquan Coal Industry (Group) Co Ltd (Yangquan) announced its collaboration with domestic search engine powerhouse Baidu.com in artificial intelligence (AI), big data and cloud technology on July 11. With technological support from Baidu.com, Yangquan expects to boost its
State-owned Coal India Set to Shut Down High Risk Mines
July 25, 2017
State-owned Coal India will close down high-risk mines that are beyond mitigation, Parliament was informed today. “Coal India Ltd (CIL) has graded all mines in high, moderate and low risk categories. Mine-wise action plan to mitigate high and moderate risk
Modernization Has Paid Off for the Coal Industry in China
July 25, 2017
Coal industry profits in China are expected to remain high in the second half of the year, thanks to government efforts to cut excessive capacity and the stable growth of the overall economy, said experts. “The economic recovery has led
Acacia Mining Disputes $190 Billion Bill for Unpaid Taxes from Tanzania Gov’t
July 25, 2017
Acacia is caught up in sweeping changes to Tanzania’s mining industry spearheaded by President John Magufuli who believes the country is not getting its fair share of profits Tanzania has issued a notice demanding $190bn in unpaid taxes, penalties and
Rio Tinto’s $2 Billion Amrun Bauxite Project on Track for First Shipment in 2019, Queensland
July 24, 2017
Mining giant Rio Tinto’s A$2.6bn ($2bn) Amrun bauxite project in Australia is on track to reach the target of commencing shipments in the first quarter of 2019. One third of the project’s construction has now been completed according to Queensland
BHP to Invest $277 Million to Modernize Olympic Dam Smelter Operations, South Australia
July 24, 2017
BHP Billiton has announced an investment of A$350 ($277m) to enhance and modernize the smelter operations at its Olympic Dam copper mine in South Australia. For the 2017 financial year, the mining giant reported that its copper production at the
Luxembourg Parliament Passes First Legal Framework for Space Resources Utilization
July 21, 2017
Mining companies pull valuable material out of the earth and sell it. That’s their job and while there’s plenty of controversy over where, when and to what extent corporations should be allowed to exploit our planet, human civilization wouldn’t be
Mine Workers Strike in Peru Over New Labor Reform Mining Laws
July 21, 2017
Union workers at more than 50 mines in Peru have gone on strike to protest parts of a labor reform that they say will harm workers’ rights. Ricardo Juarez is leader of a national federation of miners. He says the
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