Archives

Rio Tinto has signed a binding agreement to sell its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium (Persero) (Inalum), Indonesia’s state mining company, for $3.5 billion. Separately, Inalum has signed a binding agreement with Freeport McMoRan Inc. (FCX) in relation to the future ownership and operation of the Grasberg[…]

Tinka Resources notes that “zinc prices rocked in 2017 and started off great in 2018, but then declined sharply due to some new inventory that showed up on the LME in early 2018.  The decline was subsequently made worse in mid-2018 when trade tensions escalated between the US and China. “What few investors may realise,[…]

Energy Fuels Inc expects to resume vanadium production at its 100% owned White Mesa Mill in mid-November 2018, producing significant quantities of salable V2O5 product by the end of December 2018. When production begins, Energy Fuels will be the newest vanadium producer in the world and the only primary producer of V2O5 in North America.[…]

Jastrzębska Spółka Węglowa (JSW) and Komatsu Mining Joy Global have signed a letter of intent looking into the use of modern, autonomous longwall systems at the Polish coal miner’s operations. The two companies signed the research and analysis pact on September 28 in Katowice during the Congress of New Industry EXPO. “The implementation of high-technology[…]

The Energias y Aguas del Pacifico (ENAPAC) solar powered desalination project in the Atacama Region of Chile has reached another milestone, with the local government signing off the all-important Environmental Impact Study (EIS). TRENDS Industrial, which is developing the project, said the Environmental Evaluation Commission recommended approving the EIS. The ENAPAC project consists of a[…]

ABB believes it has a solution for monitoring the input and output of crushers, one of the key pieces of equipment in almost any mining operation. Its non-contact laser level products, such as the LM80 and LLT100, provide solutions for accurate control of crusher operations, according to the company. In rock crushing operations, one usually[…]

Underground utility vehicle specialist MacLean Engineering has purchased the former MTI test facility in Sudbury, Ontario, and intends to use it as the company’s new innovation hub. The facility on Magill Street, less than a 10-minute drive from the MacLean sales, service and support centre on Kelly Lake Road, includes an approximately 300 m underground[…]

Solar power may not completely replace more traditional means of generation in the short term, but mining companies are already starting to see a strong business case for adding renewable solutions to their energy mix. *According to Rob Schueffner, Hybrid Energy Solutions Manager for Caterpillar Electric Power, the financial benefits and reliability of renewable energy[…]

Copper Mountain Mining Corp has completed a Base Case PEA on its 75% owned New Ingerbelle property, which is located 1 km from the company’s flagship operation, the Copper Mountain mine, in southern British Columbia. New Ingerbelle is expected to have total production of 768 Mlb of copper and 550,300 oz of gold over its[…]

The Canadian Environmental Assessment Agency has commenced a federal environmental assessment for the proposed Century gold project, located in Timmins, Ontario, Canada. The Agency invites the public and Indigenous groups to comment on which aspects of the environment may be affected by this project and what should be examined during the environmental assessment, as detailed[…]