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Archives: History of mining

Rio Tinto signs binding agreement for sale of Grasberg interest, Indonesia
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Rio Tinto signs binding agreement for sale of Grasberg interest, Indonesia
September 29, 2018

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[…]

Century gold project, Timmins, Ontario – public comments invited
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Century gold project, Timmins, Ontario – public comments invited
September 28, 2018

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[…]

Opening up historic transport route from DRC mines
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Opening up historic transport route from DRC mines
September 26, 2018

Trafigura Group, one of the world’s leading independent commodity trading companies has successfully taken the first step towards reopening one of Africa’s most historic trade routes, with an epic train journey that ended in the Angolan port of Lobito a few days ago. A cargo of 800 t of blister copper, purchased by Trafigura from[…]

Obituary:     J. Burgess Winter, past President and CEO, Magma Copper
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Obituary: J. Burgess Winter, past President and CEO, Magma Copper
September 25, 2018

We are sad to record the death, on Monday 17 September 2018, of J. Burgess Winter who served the mining industry with honour and distinction for 45 years – a veritable industry icon. Burgess was born of Jim and Mary Winter on 3/3/33, in Magheramorne, a hamlet in County Antrim, Northern Ireland. He graduated from[…]

First major new gold mine to open in South Korea in over 15 years
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First major new gold mine to open in South Korea in over 15 years
September 21, 2018

Australian gold explorer Southern Gold Ltd’s development partner in South Korea, LSE-listed Bluebird Merchant Ventures Ltd, continues to make good progress at both the Gubong and Kochang gold projects in South Korea. Bluebird completed the report on the feasibility of reopening the Gubong project in late July, as part of its final requirement to the[…]

Better infrastructure the key to Northern Australia development
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Better infrastructure the key to Northern Australia development
September 20, 2018

No growth is possible within Australia’s largest undeveloped footprint – Northern Australia – without fundamental gains in its “infrastructure trifecta”, according to one of the region’s most experienced industry lobbyists. Mayor of Mount Isa, Madam Mayor Joyce McCulloch, said today the costs and handling of the region’s three main infrastructure essentials – energy, transport and[…]

Metso marking 150 years of evolution and innovation from mining to recycling
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Metso marking 150 years of evolution and innovation from mining to recycling
September 17, 2018

This year, 2018, Metso is celebrating its 150th anniversary. The story of Metso started in 1868 as a local ironworks, and is linked to the development of urban environments and the modern way of life. Metso has evolved through a series of mergers, acquisitions and divestments. “With our own operations in more than 50 countries[…]

PNX looks for more gold around Hayes Creek
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PNX looks for more gold around Hayes Creek
September 17, 2018

In Australia, the untapped exploration potential of PNX Metals’ large Northern Territory tenement holding has recently been highlighted by a respected mining analyst as the company seeks to enhance the economics of its flagship Hayes Creek zinc polymetallic project. The company completed a PFS on Hayes Creek, 170 km south of Darwin in the Pine[…]

The Kapunda copper ISR project
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The Kapunda copper ISR project
September 12, 2018

Leon Faulkner, Managing Director, Environmental Copper Recovery Pty, reports that Mining3 is working with in-situ recovery (ISR) mining specialists, Environmental Copper Recovery (ECR), on a Commonwealth Government CRC-P (Cooperative Research Centre) grant which will fund a 2.5-year research program to better understand and resolve key ISR mining challenges—particularly in relation to environmental, social, and economic[…]

EGA achieves another milestone in its alumina refinery project
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EGA achieves another milestone in its alumina refinery project
September 4, 2018

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, has received the first shipment of caustic soda for its under-construction Al Taweelah alumina refinery. Caustic soda and bauxite are the two most important raw materials in alumina refining. Stocks of these materials are initially required for the carefully-planned[…]

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