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Oyu Tolgoi underground production delay announced

By: Mariaan Webb     16th October 2018 The $5.3-billion underground project at the Oyu Tolgoi copper/gold mine, in Mongolia, remains on schedule to be completed by 2022, but operator Rio Tinto has flagged a nine-month delay in achieving sustainable production. Rio Tinto-owned Turquoise Hill, which holds the giant mine in a 66:34... 

TerraCom looks at increased output at BNU

By: Esmarie Iannucci     12th October 2018 oal junior TerraCom on Friday revealed the potential to expand production at its Baruun Noyon Uul (BNU) coking coal mine, in Mongolia, to three-million tonnes a year. TerraCom told shareholders that following an extensive exploration programme, the company has compiled a detailed execution plan... 

Codelco plans to raise $1bn in 2019

By: Reuters     10th October 2018 Chile's State-owned miner Codelco, the world's largest copper producer, plans to raise up to $1-billion next year to help finance the overhaul of its existing mines, chairperson Juan Benavides said on Tuesday. Benavides also said the company was looking at exploration projects in Brazil, Ecuador... 

Mongolian court says copper mine nationalisation broke laws

By: Reuters     21st September 2018 The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine, a local court said on Thursday, the latest ruling in a long-running ownership dispute over one of Asia's biggest deposits. The Mongolian Copper Corporation (MCC) has been... 

Power plant delays fuel tensions over Rio's giant Mongolia copper mine

By: Reuters     13th September 2018 Nearly 10 years on from the launch of a giant copper and gold project in Mongolia, Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government. Oyu Tolgoi, located in the South Gobi region near landlocked Mongolia's southern border... 

Rio Tinto exec joins Turquoise Hill board

By: Creamer Media Reporter      7th September 2018 NYSE- and TSX-listed Turquoise Hill has appointed Rio Tinto VP for copper and diamond sales and marketing, Alan Chirgwin, to its board of directors. Chirgwin has extensive commercial background and a proven track record in the resources industry, specifically in the Asia Pacific region,... 

Australia-made load support system on display

3rd September 2018 Known in the industrial and mining fraternity for its lightweight wheel chocks, National Plastics and Rubber will showcase these vehicle restraint systems and its other Australia developed, trialed and tested solutions to the South African mining industry. 

Optimise SAG milling with customised grinding ball design

31st August 2018 The sheer size and scale of new ore processing operations, with the aim being to substantially increase product throughput, means that primary semi-autogenous grinding (SAG) mills have grown to larger capacities.  

Denison to showcase Canada uranium project with release of PFS next month

By: Mariaan Webb     10th August 2018 Canada-based Denison Mines is gearing up for the release of a prefeasibility study (PFS) focusing on largest undeveloped high-grade uranium project in the eastern Athabasca basin. Following two years of exploration and project development work, the PFS for the Wheeler River project will be... 

New CEO for Turquoise Hill

By: Creamer Media Reporter      30th July 2018 Vancouver-based Turquoise Hill, which focuses on the operation and development of the Oyu Tolgoi copper/gold mine in Mongolia, has appointed Ulf Quellmann as CEO with effect from August 1, following a comprehensive search process. The NYSE- and TSX-listed company said on Monday that the search,... 

Crane Technology Will Slash Mineshaft Pre-Sink Time

30th July 2018 The world’s fifth largest mine, Oyu Tolgoi in Mongolia, will use advanced techniques enabled by pioneering crane design to fast-track the pre-sink phase at Shaft 6. The time needed will be dramatically reduced by a Condra portal crane that combines a very rapid lift speed with optimised cross... 

Coking coal continues multiyear price downtrend

By: Nadine James     27th July 2018 BMI Research expects coking coal prices to gradually edge lower in the second half of this year. Its expectation from the previous forecast done in March that premium hard coking coal export prices will fall below $200/t by mid-year, has played out as prices are now hovering at around $170/t. 

BMI raises thermal coal price forecast to $100/t  

By: Anine Kilian     24th July 2018 BMI has increased its thermal coal price forecast for this year to $100/t from $85/t previously as a result of tight supply from exporting countries and higher demand on the back of hot weather in importing countries.  The research company said in a statement on Tuesday that Newcastle coal prices... 

M&R awarded R4bn of projects in Australasia

By: Marleny Arnoldi     19th July 2018 JSE-listed engineering and construction group Murray & Roberts (M&R) has been awarded new projects to the value of R4-billion, to be delivered over the next two years. These awards include projects to be undertaken by M&R’s oil and gas platform in the metals and minerals market in Australasia,... 

The world's biggest miners want more copper but nobody's selling

By: Bloomberg     17th July 2018 It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger. The largest miners all say they’re bullish on copper and looking for growth in the metal that’s forecast to be in ever-greater demand as cities expand and... 

Casting methodology ensures high-quality sheave wheels

By: Paige Müller     22nd June 2018 Mining sheave wheels fabricated using the casting methodology are stronger than their welded counterparts, extending the life span of mining shafts and allowing that sheave wheels be custom-made to suit specific design and application conditions, states foundry and casting specialist KEW... 

Canada’s Erdene is Mongolia exchange’s first cross-listed firm

By: Creamer Media Reporter      14th June 2018 TSX-listed Erdene Resource Development has launched a secondary listing of its common shares on the Mongolian Stock Exchange (MSE), becoming the first cross-listed, and only precious metals exploration company listed on the MSE. Erdene, which has interests in four exploration licences and a... 

Entrée Resources sells Cañariaco royalty

By: Nadine James     8th June 2018 TSX- and NYSE-listed Entrée Resources has sold its 0.5% net smelter return royalty on Candente Copper’s Cañariaco copper project, in northern Peru, to TSX- and LSE-listed natural resources royalty and streaming company Anglo Pacific Group. Under the terms of the agreement with Anglo Pacific,... 

China remains dominant coal consumer, producer

By: Natasha Odendaal     1st June 2018 China, India and the US will remain the largest consumers of thermal coal, while China, India and Russia will remain the largest consumers of coking coal during the period to 2027, a new report by BMI Research shows. In its ‘Industry trend analysis: global forecast to 2027’ report, BMI forecasts... 

Currency movements to deliver mixed results for African countries

By: Natasha Odendaal     1st June 2018 The forecast currency movements over the next decade is likely to deliver mixed impacts for African mining operations, with South Africa’s currency expected to depreciate against the dollar over a ten-year horizon. BMI Research’s latest report, ‘Currency movements to 2027: Winners and losers in... 

Chile's Pinera taps businessman Benavides as Codelco chair

By: Reuters     25th May 2018 Chilean President Sebastian Pinera named Juan Benavides, a former CEO of Chile retail leader Falabella, as chairperson of the board of directors at Codelco, the world's top copper producer, the government said on Friday. Benavides was currently serving as chairman at Chilean private pension fund... 

Only one-third of the 15 largest copper producers reported positive production trends – S&P Global

By: Henry Lazenby     25th May 2018 Only about one-third of the 15 largest copper producers with output of more than 40 000 t of copper per quarter reported positive production trends during the first quarter of this year, driving quarter-on-quarter output 4.8% or 136 548 t lower, a new report by S&P Global has found. However, on... 

Rising resource nationalism seen as 'fire burning' for miners

By: Bloomberg     17th May 2018 A rising tide of resource nationalism is causing miners to rethink where they invest and creating volatility for a sector already buffeted by brewing trade wars. “A significant industry issue is resource nationalism,” Rio Tinto Group CEO Jean-Sebastien Jacques told investors at a conference in... 

Pre-construction work gets under way at Nevada Copper’s promising Pumpkin Hollow

By: Henry Lazenby     11th May 2018 The proponent of what will probably be North America’s next new copper mine development, Nevada Copper, has signed a pre-works agreement with Cementation USA and secured key long-lead time items, further derisking the restart of construction of the company's fully permitted and shovel-ready... 

Turquoise Hill wants more say in Oyu Tolgoi management

By: Esmarie Iannucci     4th May 2018 TSX-listed Turquoise Hill Resources is expected to increase its direct participation in the management of the Oyu Tolgoi mine, in Mongolia. The company’s board of directors told shareholders this week that it had reviewed its involvement in the copper and gold project, after shareholder... 

Companies reach shaft sinking milestones

20th April 2018 Multinational mining company Turquoise Hill Resources’ Oyu Tolgoi copper/gold mine in Mongolia, has achieved significant underground development milestones with the completed sinking of two shafts this year. The Oyu Tolgoi, one of the world’s largest new copper/gold mines, is located in the South... 

Rio Tinto lifts iron, bauxite and copper output, warns sanctions could impact aluminium

By: Esmarie Iannucci     18th April 2018 Diversified giant Rio Tinto has reported production increases at its iron-ore, bauxite and copper divisions, while warning shareholders that US sanctions against Russian companies could impact aluminium production in 2018. “We delivered a solid operational performance across most commodities in... 

Rio Tinto’s Thompson deals with misconduct allegations at AGM

By: Esmarie Iannucci     12th April 2018 Mining major Rio Tinto has again denied allegations of withholding information from shareholders regarding its Mozambican coal assets, with chairperson Simon Thompson saying that the company would “vigorously” defend itself against these allegations. The UK’s Financial Conduct Authority (FCA)... 

Miners urge new Chile government to give exploration a boost

By: Reuters     12th April 2018 Copper mining industry leaders meeting in Santiago this week called on Chile's month-old government to open up exploration or risk losing investment as companies hunt elsewhere for new projects. Chile produces around a third of the world's copper, making it by far the biggest exporter of the... 

Rio Tinto discloses details of the $5.1bn tax payments

By: Anine Kilian     9th April 2018 Diversified miner Rio Tinto on Tuesday revealed that its tax payments and royalties paid had increased from $4-billion in 2016, to more than $5.1-billion in 2017, with the majority of taxes paid in Australia. In its latest voluntary taxes paid report, published on Tuesday, Rio Tinto detailed that... 

Rio sees $5bn copper expansion on track amid Swiss probe

By: Bloomberg     26th March 2018 Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3-billion expansion remains on track, according to the producer’s top executive. The attorney general of Switzerland is... 

Aspire halts drilling at Nuurstei, reviews rail feasibiity

By: Esmarie Iannucci     22nd March 2018 Coal developer Aspire Mining has temporarily halted the drilling programme at its Nuurstei coking coal project, in Mongolia, as it holds additional discussions with the nearby communities. Aspire holds a mining lease for its Nuurstei coking coal project, which gives the company a 30-year tenure... 

Global copper deficit widens 21% in 2017 as refined supplies stagnate

By: Henry Lazenby     21st March 2018 The latest data from the Lisbon, Portugal-based International Copper Study Group (ICSG) points to a 21% year-on-year widening in the global deficit of refined copper, as refined supplies remain stagnant. During 2017, the global refined copper balance slid to a deficit of 163 000 t of red metal,... 

Oyu Tolgoi completes sinking Shaft 5

By: Henry Lazenby     21st March 2018 Mongolia’s massive Oyu Tolgoi copper/gold mine has achieved its latest important milestone after sinking of the new Shaft 5 has been completed. The shaft has a final depth of 1 178 m. 

As copper booms, miners take hunt to Mongolian dunes

By: Reuters     13th March 2018 When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia's Gobi Desert. For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant... 

Mongolian court sides with government in copper mine ownership row

By: Reuters     1st March 2018 Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake. The ownership battle is set against the backdrop of miners... 

Himoinsa solutions provide light, power to Southern African mines

23rd February 2018 Designer and manufacturer of diesel and gas generator sets, hybrid generators, lighting towers and control panels Himoinsa Southern Africa is delivering solutions to power mines across Southern Africa, emphasising that its generators and lighting towers are robust and durable enough to provide... 

World refined copper deficit widens to 195 000 t – ICSG

By: Henry Lazenby     21st February 2018 The global refined copper balance for the first eleven months of 2017 indicates a deficit of about 195 000 t, some 27% wider than at the same time a year earlier, the latest data from the Lisbon-based International Copper Study Group (ICSG) shows. The think tank attributed the widening deficit to... 

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