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RUC Cementation Orders Specialized Drill Rig Simulator from ThoroughTec for Grasberg Mine, Indonesia
February 3, 2016
RUC Cementation, a diversified underground mining contractor operating throughout Australia and Asia Pacific, has chosen ThoroughTec Simulation to develop a high fidelity CYBERMINE simulator in order to increase the productivity and safety of their Sandvik DS421-C drill rig operators. The
Indo Mines to Acquire Indonesian Mining and Oil Services Supplier
February 2, 2016
Indo Mines will add an interesting asset to its portfolio after signing an agreement to acquire control of an Indonesian mining and oil services supplier. Indo Mines will acquire a 51 percent stake in Sapex Oil Tools Limited which has
Anglo American to Cut 4,000 Jobs in South Africa and Brazil in Cost-cutting Drive
February 2, 2016
Global Miner Anglo American is shedding 4,000 jobs as part of a drive to slash costs at its iron ore mines in South Africa and Brazil. Anglo’s Kumba Iron Ore vowed to streamline operations, cut costs and reduce jobs at
Viking Mines Sells Its Akoase Gold Project for $2 Million, Ghana
February 2, 2016
Viking Mines has banked a very handy US$2 million as part of the sale proceeds for its Akoase gold project in Ghana. Transfer of the licenses to the buyer of the West African project will commence and the $2 million
Stellar Diamonds Files Mining License for Tongo Dyke-1 Diamond Project, Sierra Leone
February 2, 2016
Stellar Diamonds’ mining license application for the Tongo Dyke-1 diamond project in Sierra Leone is making good progress, it said today. The National Minerals Agency has received the application and is considering it, while public disclosure meetings have been held
Four Miners Rescued in China After 36 Days Underground at Gypsum Mine
February 2, 2016
Four miners were rescued from a collapsed mine in eastern China on Friday after 36 days trapped underground, the state-owned Xinhua news agency reported. The gypsum mine in Shandong Province collapsed on Christmas Day when 29 miners were working below
Almonty Releases Updated Feasibility Study for Sangdong Tungsten Mine, South Korea
February 1, 2016
Almonty Industries Inc. has completed an updated feasibility study for the Sangdong tungsten mine in Gangwon Province, South Korea. “The feasibility study update being published today resulted from information gathered during Almonty’s due diligence associated with the acquisition of Woulfe
True North Gems Enters $21 Million Offtake Agreement with Chinastone for Aappaluttoq Mine, Greenland
February 1, 2016
True North Gems Inc. has entered into an offtake agreement with Chinastone Inc. The supply agreement obligates True North to supply and Chinastone to purchase a minimum of US$7M in rough gemstones per year for the next three years resulting
Africa’s Mining Sector to Reform Worker Compensation System
January 29, 2016
The mining industry yesterday kick-started discussions that will pave the way for a reform of the compensation system and hopefully improve the lives of thousands of current and ex-mineworkers who were exposed to occupational hazards. The two-day workshop, held in
Lima-based Caterpillar Distributor Ferreycorp Dodges Industry Slump With Mining Boom in Peru
January 29, 2016
The free fall in commodities is upending demand for the construction and mining machinery made by global behemoth Caterpillar Inc. Yet for a little-known distributor of the company’s products in Peru, things couldn’t be busier. Lima-based Ferreycorp is in high
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