Month: November 2017
Two women to lead Australian iron ore mining company
As soon as the new year kicks off, Fortescue Metals Group (ASX:FMG) will be led by two women. Elizabeth Gaines, who took over as the company’s CFO in February after being a non-executive director since 2013, has been appointed new...
Robots will run mines within the next decade, Anglo says
Some mines in the next decade will run without humans and instead rely on robots, virtual models and sensors, according to Anglo American Plc. Anglo is betting on technology, such as computerized drills with “chiseling ability as good as a...
Dominican Republic presents Extractive Industries Transparency Initiative report
The Dominican Republic, the Caribbean’s largest economy whose mining resources and reserves have been estimated in $60 billion for metallic and 40 billion for non-metallic minerals, presented today its first report as a member of the Extractive Industries Transparency Initiative....
Gold production will grow in coming years: BMI
A report by BMI Research states that global gold mine output growth will pick up in the next few years, supported by higher gold prices and solid projects in key countries. “We forecast global gold production to increase from 105moz...
Canadian miners want to launch clean resources supercluster
Six organizations working in the mining sector submitted an application to the Government of Canada’s Innovation Superclusters Initiative with the idea of creating a clean resources supercluster. The Canada Mining Innovation Council, the Centre for Excellence in Mining Innovation, the...
Lockheed partners with graphite miner
Halifax, Nova Scotia–(Newsfile Corp. – November 29, 2017) – ELCORA ADVANCED MATERIALS CORP. (TSXV: ERA) (FSE: ELM) (OTCQB: ECORF), (the “Company” or “Elcora”), is pleased to announce it has signed a Memorandum of Understanding (MOU) agreement with Lockheed Martin Canada, which represents Lockheed...
Brazil mining code unchanged as Senate fails to vote on bill
Brazil’s Senate has not approved a temporary decree issue by President Michel Temer in July changing some sections of the current mining code, aimed at making the country’s industry more competitive and sustainable. Before opening Tuesday’s session, Brazil’s lower house of...
Japan's Kyushu Elec likely to delay nuclear plant restart due to Kobe Steel checks
TOKYO, Nov 29 (Reuters) – Japan’s Kyushu Electric Power Co will likely delay the restart of a nuclear plant by several months as it makes checks related to the data-fabrication scandal that has engulfed Kobe Steel Ltd, the Nikkei newspaper...
Zambia's state-controlled investment firm wants bigger stake in copper mines
LONDON, Nov 29 (Reuters) – Following the sharp rise in copper prices this year Zambia’s state-controlled firm ZCCM Investments Holdings wants to increase its stakes in the country’s mines and also expects higher dividend payments, its chief executive said on...
Freeport Indonesia targets 1.1 million tonnes copper concentrate exports by end 2017
JAKARTA (Reuters) – The Indonesian unit of U.S. miner Freeport-McMoRan Inc is aiming to export 1.1 million tonnes of copper concentrate this year, a company official said in a hearing with parliament on Wednesday. The company had exported 684,333 tonnes...
PotashCorp CEO confirms Chinese interested in lithium producer SQM
Canada’s Potash Corp. of Saskatchewan (TSX, NYSE:POT), the world’s largest producer of the fertilizer by capacity, confirmed Wednesday rumours pointing at Chinese firms hoping to buy the miner’s stake in Chilean lithium producer SQM. SQM became a target of international firms after PotashCorp...
Luxembourg, Japan team up to explore and mine space resources
Luxembourg seems to be in a rush to become Europe’s hub for space mining, as it announced Wednesday yet another deal aimed at boosting boost the exploration and the commercial utilization of resources from near earth objects, such as asteroids. The fresh...