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Chinese traders freeze Australian coal orders amid 40-day customs delays - sources

By: Reuters     19th February 2019 Chinese coal traders have stopped ordering Australian coal as clearing times through China's customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The traders and a broker said only cargoes... 

Celebrating the success of women in the mining industry at Mining Investment Asia 2019 in Singapore

18th February 2019 Mining Investment Asia, South East Asia’s largest mining conference and exhibition connecting miners, investors and service providers recognises the important role of women in the mining industry, especially here in Asia. Hence a full day, entitled ‘Women in Mining Day’, will be set aside once... 

Australia miner Independence says in talks with potential buyers of battery chemicals

By: Reuters     6th February 2019 Independence Group, an Australian miner looking to move into making chemicals used in electric vehicle batteries, on Wednesday said it was in talks with a range of potential buyers of those products. The mid-tier miner trialled production of battery chemical nickel sulphate in December and... 

Newmont appoints Rio Tinto exec as new COO

By: Creamer Media Reporter      5th February 2019 Global gold miner Newmont has appointed Rio Tinto’s head of productivity Rob Atkinson as executive VP and COO with effect from June 1, the company announced on Monday. Atkinson will succeed Tom Palmer, who is taking over as CEO from Gary Goldberg, who will retire in the fourth quarter. 

Global demand for coal rises despite uncertainty

By: Kim Cloete     4th February 2019 Despite a move to renewable energy, particularly in Europe, demand for coal globally soared in 2018, led by low calorific value (CV) coal demand. The strongest import markets were China and India, while Indonesia performed extremely strongly on the supply side. China’s demand for coal... 

Strong investment case for gold in 2019 – World Gold Council

By: Marleny Arnoldi     31st January 2019 Global gold demand in 2018 increased by 4% year-on-year to 4 345 t and was in line with the five-year average demand of 4 347 t. The World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report, published on Thursday, said the increase was driven by a 52-year high in central bank buying and... 

Gold gets a safe-haven boost – Refinitiv’s GFMS report 

By: Nadine James     30th January 2019 Gold has benefitted in the fourth quarter of 2018 from investors seeking safe-havens, the latest GFMS Gold Survey, which Refinitiv released on Wednesday, states. Renewed interest from professional investors and a shift in the purchasing behaviour of emerging market central banks have compensated... 

Newcrest reaches new heights at Cadia

By: Esmarie Iannucci     30th January 2019 Gold miner Newcrest Mining has reported a 19% increase in gold production for the quarter ended December, while all-in sustaining costs (AISC) for the quarter fell by A$58/oz. “Record production at Cadia and another sound performance from Lihir underpinned a strong start to the financial year,... 

Boost for international miners as India's thermal coal imports jump

By: Reuters     28th January 2019 India's 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi's government to cut imports in a bid to reduce its trade deficit. Coal is among the top five commodities imported by India, one of the... 

Mining starts at Talang Santo

By: Esmarie Iannucci     24th January 2019 Mining and processing operations have started at the Talang Santo openpit gold/silver project, in Indonesia, following the receipt of environmental approval earlier this month. ASX-listed Kingsrose Mining MD Paul Jago said on Thursday that the Talang Santo pit was already performing beyond... 

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Monster gold-mining deals pile pressure on those left behind

By: Bloomberg     15th January 2019 Mark Bristow’s tenure as boss of the world’s biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed. “Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold’s purchase of Randgold... 

Indonesia forecasts drop in Grasberg copper concentrate exports in 2019

By: Reuters     9th January 2019 Copper concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, are forecast to plunge this year because of a lag in output as operations move from open pit to underground mining, a government official said on Wednesday. In 2019, copper concentrate exports are... 

Africa, South America to drive copper mine capacity growth up to 2021 – ICSG 

By: Marleny Arnoldi     7th January 2019 The International Copper Study Group (ICSG) expects copper mine capacity to grow at an average rate of 2.2% a year up to 2021. The ICSG notes in its biannual ‘Directory of Copper Mines and Plants’ that the average is derived from the lower growth of about 0.5% seen in 2018/19 as compared to... 

Indonesian investor secured for Awak Mas

By: Esmarie Iannucci     12th December 2018 The Awak Mas gold project, in Indonesia, is one step closer to development after owner Nusantara Resources secured a local cornerstone investor. ASX-listed Nusantara told shareholders that on completion of a A$10.25-million capital raising, integrated energy and resources company PT Indika... 

Digital solutions improve mining industry

2nd November 2018 Last month, digital mining implementation of information technologies developer Vist Group presented its digital solution for the global market at the eleventh Mining Show, which is the largest mining & quarrying conference and expo for the Middle East, Africa, Central Asia and South Asia. “The... 

New research finds developing countries’ coal miners face ‘substantial risk inequality’  

By: Tasneem Bulbulia     31st October 2018 Coal miners in developing countries are likely to be exposed to health and safety risks more often than those working in advanced economies, new research has found. Researchers from Cardiff University, funded by the Institution of Occupational Safety and Health (IOSH), have found that a lack of... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Battery metal bulls fear China's big disrupter to hit nickel

By: Bloomberg     29th October 2018 Commodity traders expect nickel, the silvery-white metal used to make stainless steel, to be a winner from the electric-vehicle revolution -- it’s a key component of batteries. But a Chinese metals giant with a knack of upending markets is threatening to spoil the party. Tsingshan Holding Group... 

Cokal warns of possible fraud

By: Esmarie Iannucci     26th October 2018 Coal miner Cokal has flagged possible financial irregularities and fraudulent activities that could have impacted the company’s financial statements for the 2018 financial year. The ASX-listed miner on Friday said that the company’s board was currently investigating the irregularities and... 

Newcrest reports y/y increase in Q1 production

By: Esmarie Iannucci     24th October 2018 Gold miner Newcrest Mining reported a 5% increase in production for the quarter ended September 30, compared with the previous corresponding period, but output fell by 14% when compared with the June 2018 quarter Gold production in Newcrest’s first quarter reached 548 000 oz and the... 

Arc exits Indonesia JV to focus on Ontario project

By: Esmarie Iannucci     19th October 2018 ASX-listed junior Arc Exploration has inked a binding sales agreement to divest of its joint venture (JV) interest in the Trenggalek copper/gold project, in East Java, Indonesia. The company has sold its interest to JV partner PT Sumber Mineral Nusantara for A$100 000, saying on Friday that the... 

South Africa’s mining sector headed for muted growth

By: Natasha Odendaal     19th October 2018 South Africa’s new economic stimulus and recovery plan is unlikely to revive growth in the country's bleak mining sector, Fitch Solutions’ latest Industry Trend Analysis shows. Despite a R400-billion infrastructure fund pledge and renewed mining regulatory clarity to restore investor confidence,... 

Gulf cornerstone investor pulls out over mining moratorium risk

By: Esmarie Iannucci     17th October 2018 Manganese ore and alloy developer Gulf Manganese has lost a cornerstone investor in the midst of uncertainty around a moratorium on all mining activities in East Nusa Tenggara, Indonesia. Gulf Manganese in August this year announced a A$10.8-million investment from Indonesian businessman Bapak... 

Freeport CEO may be ready to sell, but does anyone want to buy?

By: Bloomberg     17th October 2018 Freeport-McMoRan’s annual LME Week party is usually an opportunity for CEO Richard Adkerson to hobnob with the traders and consumers who buy copper from his mining company. At this year’s event, he was surrounded by investment bankers. With its biggest stock overhang – a deal around its... 

Rio Tinto copper output jumps; iron-ore, aluminium production slip

By: Esmarie Iannucci     16th October 2018 Diversified major Rio Tinto has reported lower production across nearly all its commodities, besides copper, in the three months to September. “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the group’s copper assets,” Rio CEO... 

VIST Group presents its “Smart mine” solutions at Mining Show 2018

9th October 2018 On October 8th the 11th Mining Show, the largest mining & quarrying conference and expo for Middle East, Africa, Central Asia and South Asia opened in Dubai. The exhibition demonstrates the very latest in technology and solution innovations to mining industry. Mining technology, equipment &... 

RioZim to sue central bank over dollar payments

By: Reuters     9th October 2018 Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy. The shortages have worsened since 2016 and are the... 

Awak Mas could deliver 100 000 oz/y

By: Esmarie Iannucci     4th October 2018 A definitive feasibility study (DFS) into the Awak Mas gold project, in Indonesia, has estimated that the project could produce 100 000 oz/y over an initial 11-year period. Owner Nusantara Resources on Thursday reported that the DFS estimated a post-tax net present value of $152-million and an... 

Finders reports another wall failure

By: Esmarie Iannucci     3rd October 2018 Junior Finders Resources has reported a wall failure within the Kali Kuning openpit operation at its Wetar copper project, in Indonesia. The company on Wednesday said that some 300 000 bank cubic meters of waste rock from the north-eastern highwall was displaced into the pit on October 1,... 

China battery firms set up $700m nickel JV in Indonesia

By: Reuters     28th September 2018 Chinese battery firm GEM on Friday said it was teaming up with four companies to invest a total of $700-million in a project to produce battery-grade nickel chemicals in Indonesia. The investment comes as several global metals producers have also set their sights on Indonesia's nickel reserves,... 

Freeport seals deal with Indonesia on giant Grasberg copper mine

By: Bloomberg     27th September 2018 Freeport-McMoRan and Indonesia signed an agreement, paving way for the US miner to hand over majority control of the giant Grasberg copper and gold mine to a local State-owned company. Freeport CEO Richard Adkerson and PT Indonesia Asahan Aluminium president director Budi Gunadi Sadikin signed... 

Indonesia plans news conference on $3.9bn Freeport copper mine deal

By: Reuters     27th September 2018 Indonesia's Energy Ministry plans to hold a ceremony on Thursday linked to a $3.9-billion share purchase deal involving Freeport McMoRan, Rio Tinto and state miner Inalum, it said in a document. The exact purpose of the ceremony, taking place at 4 p.m. Jakarta time (09:00 GMT), was unclear. A... 

Indonesia 2018 coal output target now 507Mt

By: Reuters     26th September 2018 Indonesia has increased its 2018 coal production target to around 507-million tonnes from a previous target of 485-million tonnes, the Energy Ministry said on Wednesday, a move that may add to downward pressure on prices for the fuel. Indonesia is the world's top exporter of thermal coal, and... 

Central banks add 193 t of gold to reserves in H1

By: Marleny Arnoldi     20th September 2018 Central banks have added 193.3 t of gold to their reserves in the first six months of this year, which is an 8% increase compared with the 178.6 t bought in the same period last year, making it the strongest first half for central bank gold buying since 2015. The World Gold Council (WGC) states... 

Simulators from Immersive Technologies Preparing Operators to Remotely Operate Semi-Autonomous Underground LHDs

By: Creamer Media Reporter      19th September 2018 Freeport McMoRan (FMI) in Indonesia is using training simulators from Immersive Technologies to prepare operators for Caterpillar’s semi-autonomous LHD operations with Cat® Command for Underground. Command for Underground automates the tramming and dumping component of an underground loader’s... 

Coal exports from top shipper hobbled with miners facing constraints

By: Bloomberg     19th September 2018 Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit while keeping prices elevated, according to an industry group. Producers in the world’s largest shipper face an order backlog of 18 months as they aren’t... 

Nickel producers eye Indonesia to plug into EV battery market

By: Reuters     14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... 

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