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King Salman to Open $22.7 Billion Saudi Mining Project
November 20, 2018
Saudi Arabia’s King Salman will on Thursday inaugurate the Waad Al Shamaal project, a 440-square-kilometer city for mining industries in the country’s northern region, Al Arabiya TV said, quoting energy minister Khalid Al Falih. The project will cost 85 billion
Blackouts and Load-shedding Coming Amid Eskom Coal Crisis
November 20, 2018
Eskom is on the verge of a coal and governance crisis, according to a report in the Sunday Times. The report quoted energy analyst Ted Blom, who said that the “scale of Eskom’s supply, financial, and equipment problems” may result
Antofagasta Approves $1.3 Billion Expansion of Its Los Pelambres Copper Mine, Chile
November 19, 2018
Antofagasta has approved the $1.3bn expansion of the Los Pelambres copper mine in Chile with an aim to produce 60,000 tonnes of additional low-cost copper per annum. The Los Pelambres copper mine, which is located in Coquimbo region, 240km north-east
MC Mining to Acquire Key Surface Rights in Makhado Coal Project for $4.8 Million
November 19, 2018
MC Mining announced that its subsidiary Baobab has reached agreement to acquire the two key properties required for its Makhado hard coking and thermal coal project. The purchase agreement will result in Baobab owning the Lukin and Salaita properties (the
Leagold Mining Set to Restart Operations at RDM Mine, Brazil
November 15, 2018
Leagold Mining has announced that the water storage facilities at the RDM mine now have sufficient volumes to support the restart of operations. RDM has commenced the recall of its workforce for an anticipated restart of the processing facility on
Queensland Passes New Legislation for Rehabilitating Abandoned Mines
November 15, 2018
Queensland resource companies will be required to financially contribute to rehabilitate abandoned mines in Queensland, under new legislation passed in State Parliament. Instead of a site-by-site approach, companies will be forced to contribute an amount into a pool of money
New Zealand Crews to Re-enter Pike River Mine for Answers to Explosion
November 15, 2018
Eight years after a methane explosion in an underground coal mine killed 29 workers, New Zealand’s government says crews will re-enter the mine to better understand what went wrong and hopefully recover some of the bodies. The announcement Wednesday by
Rio Tinto’s Operations Generated More than A$42 Billion for Australian Economy
November 14, 2018
Rio Tinto’s operations across Australia generated more than A$42 billion (US$34.3 billion) for the nation’s economy in 2017, a new report reveals. The comprehensive economic analysis measures Rio Tinto’s total contribution to Australia’s economy, revealing how additional jobs created and
Bylong Valley Coal Mine Divides Farmers and Locals at Planning Meeting, Australia
November 13, 2018
Environmentalists and farmers at an independent planning commission were locked in disagreement over a proposed South Korean-owned coal mine in Bylong Valley, north-east of Mudgee. Hundreds of people, including dozens of protestors, turned out to the meeting in Mudgee to
Implats in Talks About Selling or Outsourcing Its Rustenburg Operations, South Africa
November 13, 2018
Impala Platinum has started the process of either selling or outsourcing one of its big mines in its ZAR 2.7 billion restructuring process as its Rustenburg operations have a strong start to the company’s 2019 financial year. Implats, the world’s
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