Month: October 2018

South African diamond miner wants to go digital

Swedish engineering company Epiroc announced today that it will be supporting the work of Kimberley Ekapa Mining to help digitize the company’s Kimberley underground mine, located South Africa’s Kimberley town and whose yearly production reached 755,645 carats in June 2018....

/ October 31, 2018

Chaarat Gold says Centerra refused C$2B-offer for firm, not just Kumtor

Chaarat Gold Holdings (LON:CGH), the company that tried and failed buying Centerra Gold’s (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company....

/ October 31, 2018

BHP, top miners are starting to drive EV's deep underground

BHP Billiton Ltd.’s giant Olympic Dam mine in Australia’s Outback is a labyrinth of 450 kilometers of tunnels and roads — an ideal testing ground for the industry’s burgeoning shift toward cleaner power. Taking about 30 minutes to drive from...

/ October 31, 2018

Wolfden cuts more high grade at Pickett Mountain

Thunder Bay, ON — Wolfden Resources continues to drill high-grade massive sulphide mineralization at its Pickett Mountain project in Maine, where it has two diamond drills turning. In its latest results, Wolfden reported a 12.7-metre intercept starting from 240 metres...

/ October 31, 2018

Critical Elements one step closer to becoming battery grade lithium supplier

Critical Elements Corporation (TSX-V: CRE) (US OTCQX:CRECF) has completed its pilot plant program at the Outotec Research Centre, where the company is successfully converting spodumene concentrate from the Rose Project  into battery grade lithium hydroxide using a thermal leaching process....

/ October 31, 2018

Tlicho all-season road near NICO project approved

LONDON, ON. — Fortune Minerals reports that the  governments of Canada and the Northwest Territories have accepted the environmental assessment approval for the modified Tlicho all-season road. The modifications were developed with the Tlicho government through a consultation process managed by the...

/ October 31, 2018

ICMM introduces innovation roadmap for cleaner mining vehicles

The International Council on Mining and Metals (ICMM) and leading suppliers have announced an ambitious plan to make mining vehicles cleaner and safer during the International Mining and Resources Conference (IMARC) in Melbourne, Australia. Following two innovation summits between ICMM members and...

/ October 31, 2018

Meet Escondida’s giant robotic arm – an example of open innovation

Our global operations need billions of dollars of goods and services every year to support the extraction of products for our customers – safely, productively and sustainably.When our Supply teams buy these good and services they create partnerships with global...

/ October 31, 2018

Falling zinc price hammers Trafigura-backed Nyrstar in Q3

Oct 30 – Metals producer Nyrstar NV said on Tuesday that third-quarter core profit dropped 74 percent, hit by a combination of falling zinc prices, rising energy prices and higher mine operating expenses. The Belgian company, whose biggest shareholder is...

/ October 31, 2018

Marathon’s updated PEA delivers 44% increase in recovered gold at Valentine

An updated preliminary economic assessment (PEA) of Marathon Gold’s (TSX: MOZ) Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May. The...

/ October 31, 2018

Randgold Resources' Mali gold mining complex ramps up production

Oct 30 (Reuters) – Randgold Resources Ltd said on Tuesday its Loulo-Gounkoto gold mining complex in Mali had stepped up production, with increased grades expected in the third and fourth quarter of the year. Mali is the third biggest producer...

/ October 31, 2018

Japan's JFE, Kobe Steel cut profit outlook on glitches, higher costs

TOKYO, Oct 30 – Japanese steelmakers JFE Holdings and Kobe Steel cut their annual profit forecasts on Tuesday due to technical glitches at their plants and higher costs of electricity, distribution and subsidiary materials. Japanese steelmakers are enjoying solid local...

/ October 31, 2018