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Years of Gridlock Face South Africa as Rules Paralyze Mining
July 17, 2017
Executives from Sibanye Gold Ltd., South Africa’s biggest gold miner, were in Los Angeles in the final stages of a roadshow with U.S. bond fund managers last month when a bombshell hit from back home. The government had introduced shock
Coal Mine Crackdown Dims Prospects for Mongolia’s Fortune Seekers
July 14, 2017
Working 50 meters (164 feet) under ground with minimal air supply, Uuganbaatar is one of thousands of Mongolians trying to make a living digging for coal. Although the mining season does not begin until autumn, when the ground freezes and
Bengaluru Seeks Reprieve from Mining Cap, India
July 14, 2017
At a meeting held under the aegis of Chief Minister Siddaramaiah, the mines department has supposedly said the steel industry is in a state of flux over the increasing demand for iron ore but no available production. At a brief
Minerals Council of Australia Slams Victorian Government’s Brown Coal Policy
July 14, 2017
The Minerals Council of Australia (MCA) has slammed Victoria Government’s new Future Uses of Brown Coal policy designed to increase investment opportunities while balancing the state’s environmental needs. As Victoria has the world’s second largest resource of brown coal, the
Australia Deals With Prolonged Power Outages Left By Retired Coal Plants
July 14, 2017
Australia’s electricity shortages should be a warning sign to the U.S. to avoid relying too heavily on green energy sources like wind and solar while mass exporting natural gas, according to a Monday report from The Wall Street Journal. Australia’s
Harsco Signs Ten Year, $60 Million Mill Services Contract with Egyptian Steel
July 13, 2017
Harsco Corporation’s Metals & Minerals division has signed a new, ten year mill services contract with Egyptian Steel, the manufacturer of rebar, wire rods and billets in the Middle East and North Africa. The contract, valued at approximately $60 million
Barrick and Shandong Complete Formation of Joint Venture at Veladero Mine, Argentina
July 12, 2017
Barrick Gold Corporation has completed the sale of a 50 percent interest in the Veladero Mine in San Juan province, Argentina to Shandong Gold Mining Co., Ltd, for $960 million. The formation of a 50/50 joint venture at Veladero is
Banro Resumes Operations at Namoya Mine, DRC
July 12, 2017
Banro Corporation took precautionary measures to evacuate staff from the Namoya Mine on a temporary basis on July 3. Staff have now returned to Namoya and mining operations have resumed. On July 3, a convoy of 23 trucks belonging to
JSW Looks to Grab Maximum Coal Blocks in Ongoing Auction
July 11, 2017
To secure raw material for its operations, domestic steel giant JSW Steel looks to grab maximum number of coal blocks out of six being auctioned for the iron and steel sector. The e-auction of six coal blocks, of which five
Shanxi Coal Firms to Speed Up Restructuring After Losses
July 11, 2017
Major coal companies in North China’s Shanxi Province are expected to speed up their merger and restructuring process, after all three major producers in the province reported losses in the first quarter, despite a recovery in prices, according to media
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