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CIMIC JV wins Woodside work

By: Esmarie Iannucci     15th March 2019 Project house Cimic has been awarded a new contract from Australian oil and gas major at its Karratha gas plant, which will generate revenue of some A$190-million. Cimic subsidiary UGL, as part of a joint venture with services provider Cape, will provide brownfields implementation services at... 

Investors blast 'terrible' $12m deal for Goldcorp chair

By: Bloomberg     14th March 2019 A lucrative retirement package for the chairman of Goldcorp is raising the hackles of investors ahead of a key vote on the company’s planned merger with Newmont Mining. Ian Telfer’s retirement allowance will rise to roughly $12-million from $4.5-million if the miners merge, according to a... 

Mine fatalities decrease by 10% in 2018 

By: Simone Liedtke     1st March 2019 Following the notable regression of mine health and safety in 2017, which resulted in the death of 90 mineworkers, the Department of Mineral Resources (DMR) chief inspector David Msiza on Friday said there were 10% fewer fatalities – 81 – in 2018. As health and safety is integral to the long-term... 

India puts private coal mining on the backburner

By: Ajoy K Das     19th February 2019 Opening up of the Indian coal sector for commercial mining by private miners has officially been put on the backburner. The move to open up commercial mining and auction off coal blocks to private miners for production without any end-use restrictions and a free pricing regime has been hanging... 

BHP can't rescue iron-ore market after Brazil dam disaster

By: Bloomberg     19th February 2019 BHP Group, the world’s biggest miner, doesn’t have capacity to raise shipments into the iron ore market as competitor Vale faces outages following the fatal mining disaster in Brazil last month. The global iron ore market has been thrown upside down by the tragedy, after Vale was forced to... 

BHP half-year underlying profit down 8% to $3.7bn

By: Esmarie Iannucci     19th February 2019 Diversified major BHP reported an 8% decrease in half-year underlying profit and said its earnings from its copper division fell sharply in the six months. Underlying attributable profit fell from $4.1-billion in the half-year ended December 2017, to $3.7-billion in the half-year ended December... 

Miner Vale says fire to halt operations at Malaysia distribution center

By: Reuters     15th February 2019 Brazilian miner Vale SA said a fire broke out on Friday in its distribution center in Malaysia, temporarily affecting shipments, according to a securities filing. Vale added that the fire caused "only material damages" and that operations are likely to resume in 10 to 15 days. 

TAKING FIRE TO ILLEGAL MINING:

By: Martin Creamer     15th February 2019 Mining machines are destroyed by fire at an illegal tin mine in the Amazon rainforest. This operation was conducted by the Brazilian Institute for the Environment and Renewable Natural Resources to prevent water pollution and deforestation at the national park near Novo Progresso, southeast of... 

Glencore's Zambian unit suspends operations after three workers die in fire 

By: Reuters     8th February 2019 Glencore's Zambian unit Mopani Copper Mines said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident. Mopani is one the biggest mining companies in Zambia – Africa's No. 2 producer of the metal – with an output of around 100 000 t/y.... 

Flying iron-ore prices to boost Black Iron’s project economics

By: Mariaan Webb     8th February 2019 Canadian iron-ore developer Black Iron says high-grade iron-ore pellet product should sell at a premium for the next few years, resulting in attractive project economics for its planned Shymanivske project, in the Ukraine. A deadly dam burst in Brazil on January 25 has lit a fire under iron-ore... 

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