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China Considers More U.S. Coal Imports to Cut Deficit
June 1, 2018
China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the U.S., according to people with knowledge of the matter. Chinese officials are currently looking at boosting purchases from
Pangea Minerals to Reduce Workforce to Cut Operating Costs, Tanzania
June 1, 2018
Mining News reported that Tanzania’s Pangea Minerals Limited has announced it will reduce its workforce next month, in an attempt to cut operating costs. PML is owned by Acacia Mining. Mr Benedict Busungu general director of PML said that “Extraction
Republic of Congo Joins Iron Ore Producing Countries
June 1, 2018
Republic of the Congo has just joined the circle of iron-ore producing countries. The first train towing 20 cars containing 40 tons each of this ore stopped at the central station of Pointe-Noire, the economic hub on Friday. This iron
Tata Steel Wins Prestigious Dun and Bradstreet Corporate Award
June 1, 2018
Tata Steel bagged the prestigious Dun & Bradstreet Corporate Award 2018 in the ‘Iron and Steel’ category for the fourth consecutive year. Ms. Dipali Talwar, group general counsel, Tata Steel received the award on behalf of the organization from the
Paladin Energy to Mothball Langer Heinrich Uranium Mine, Namibia
May 31, 2018
Paladin Energy said that it is mothballing its Langer Heinrich uranium mine in Namibia to preserve its resources and mitigate operating losses. The Australia-based uranium miner said that it has secured approval of relevant stakeholders to place the mine under
Rio Tinto Granted Accreditation for AutoHaul® Project by Australia’s National Rail Regulator
May 30, 2018
Rio Tinto has been granted accreditation by Australia’s Office of the National Rail Safety Regulator approving the autonomous operation of trains at the group’s iron ore business in Western Australia. The AutoHaul® project continues to progress and is on schedule
Barrick Converts Its Pueblo Viejo Mine Power Plant to Natural Gas, Dominican Republic
May 30, 2018
Pueblo Viejo Dominicana Corporation (PVDC), operator of Barrick Gold’s Pueblo Viejo mine, has signed a 10-year natural gas supply contract with AES Andres DR, S.A. in the Dominican Republic that will enable the conversion of the Quisqueya I power generation
Signet to Join De Beers Group Pilot Phase for First Digital Link from Production to Retail
May 29, 2018
Tracr, the end-to-end diamond blockchain being developed by De Beers Group in collaboration with the diamond industry, announced that Signet Jewelers will become the first retailer to join its pilot programme. Signet will join the growing list of industry leaders
AngloGold to Lay Off 2,000 Jobs in New Restructuring Move in South Africa
May 29, 2018
Gold mining giant AngloGold Ashanti has announced a new restructuring process in South Africa, which will make around 2,000 employees redundant. The gold miner indicated that its South African operations are being crippled by a large number of challenges. Included
Rio Tinto in Talks to Sell Stake in Grasberg Mine for $3.5 Billion, Indonesia
May 24, 2018
Global miner Rio Tinto is in talks for potential sale of its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium (Persero) (Inalum) for $3.5bn. Located in the province of Papua in Indonesia, the Grasberg is
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