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Australian miners embracing automation in quest for improved safety, efficiency

By: Esmarie Iannucci     2nd November 2018 While the phrase ‘automation’ might evoke visions of a Schwarzenegger-esque future in which machines rise up to take over the world, it has come to have a distinctly different connotation in Australia. From drones being used to safely map, survey and explore mining operations to autonomous trains... 

Glencore hikes coal cost savings forecast by 50%

By: Reuters     31st October 2018 Recent mine acquisitions have helped Glencore Plc achieve 50% more cost savings in its coal business than it had targeted, the world's biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300-million in its coal business... 

Rio CEO says mining industry has to reinvent itself 

By: Esmarie Iannucci     30th October 2018 Diversified miner Rio Tinto has called for a reinvention of the resources industry, in order to fit into a modern world. Speaking at the International Mining and Resources Conference (IMARC) in Melbourne, Rio CEO Jean-Sebastian Jacques said on Tuesday that the resource industry’s vision had to be... 

Investors doubling their capital injection at IMARC this year

29th October 2018 In only its fifth year, the International Mining and Resources Conference has grown to be one of the largest events of its kind attracting the industry’s biggest operators and investors alike. The most up-to-date numbers show that investors with a staggering $5.4 trillion in assets under... 

Rio Tinto and partners to invest $1.5bn in Pilbara

26th October 2018 Diversified mining company Rio Tinto and its Pilbara joint venture (JV) partners Japanese group Mitsui and steel producer Nippon Steel & Sumitomo Metal have approved a $1.55-billion investment to sustain production capacity at two iron-ore projects that form part of the Robe River JV, in Western... 

Sipa starts ‘extensive’ Uganda nickel exploration programme

By: Nadine James     23rd October 2018 Australia-based exploration company Sipa Resources on Tuesday announced that an “extensive” nickel exploration programme was under way at the Kitgum Pader joint venture (JV) project, in Uganda. The Kitgum-Pader project contains two new mineral discoveries, Akelikongo nickel/copper sulphide and... 

Company uses sonic drilling for core recovery in sand

19th October 2018 Geotechnical services company Geomech Africa, subsidiary of Geogroup, imported its 20 tonne, SDC 450-24 sonic drill rig from Canada at a cost of US$1-million specifically to handle deep borehole work in mineral sands at multinational diversified miner Rio Tinto’s Richards Bay Minerals (RBM) sands... 

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... 

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... 

Glencore’s Hail Creek restructuring hits 400 jobs

By: Esmarie Iannucci     15th October 2018 Diversified miner Glencore has announced plans to ‘reconfigure’ its Hail Creek coal mine, in Queensland, resulting in nearly 400 job losses. The miner announced that the two-dragline operation would be reconfigured into a truck-and-shovel mine, with a seven-day on, seven-day off roster. The... 

Rio Tinto to take hit on legacy alumina contracts

By: Esmarie Iannucci     12th October 2018 Diversified miner Rio Tinto has warned of a $178-million impact on its financials during the first half of 2018, due to its legacy alumina contracts. The miner supplies some 2.2-million tonnes of alumina under legacy contracts, which are priced at a percentage of the benchmark aluminium price. 

Encouraging results from maiden drill

12th October 2018 The assay results from Australian mineral exploration and development company Strandline Resources maiden air-core (AC) drill programme and the second round of auger drilling at the Bagamoyo (BG) mineral sands project in Tanzania have provided the company with encouraging results. The BG-2... 

Transnet tests world’s longest manganese production train

By: Marleny Arnoldi     11th October 2018 Transnet Freight Rail (TFR) has successfully run a 375-wagon manganese train over a distance of 861 km from Sishen to Saldanha Bay. This formed part of the testing of the 4-km-long train, which will, once in operation, be a production train with the highest number of wagons in the world, and the... 

Erris appoints investment banker as CEO

By: Creamer Media Reporter      11th October 2018 Europe-focused explorer Erris Resources has appointed investment banker Anton du Plessis as CEO, succeeding Merlin Marr-Johnson, who on Thursday resigned as director and elected to step down. Erris, which has a portfolio of zinc and base metals projects in Ireland and gold projects in Sweden,... 

Rio Tinto to restart sale of Icelandic aluminium plant – sources

By: Reuters     10th October 2018 Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350-million, two sources familiar with the matter said. The assets include a 53% stake in a Dutch anode facility and 50% of the shares in a Swedish... 

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... 

Hancock and Rio Tinto open new Pilbara mine

By: Esmarie Iannucci     9th October 2018 Miners Rio Tinto and Hancock Prospecting have opened the Baby Hope mine, marking the fourth mine to be developed at the Hope Downs operation, since the miners formed their Pilbara joint venture (JV) in mid-2005. The JV partners said that the development of the Baby Hope deposit would assist in... 

Rio is hunting deals, discoveries for 'beautiful' diamonds unit

By: Bloomberg     4th October 2018 Two of the world’s top diamonds producers are both shopping for deals, with Rio Tinto following De Beers in hunting for projects to replace aging operations and position for an improving global market outlook. Rio is actively looking for more acquisitions after making a small investment in a... 

Randgold's hook-up with Barrick to leave large void in London market

By: Reuters     2nd October 2018 A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada's Barrick Gold has agreed to buy Africa-focused Randgold for $6.5-billion to create the world's largest gold... 

Latest BDO report shows exploration expenditure continues to trend upwards, with 15% increase on previous quarter

By: Creamer Media Reporter      2nd October 2018 BDO’s report on the cash position of Australian-listed explorers for the June 2018 quarter (based on quarterly Appendix 5B reports lodged with the ASX) indicates that the natural resources sector in Australia is continuing to build momentum, with both investors and exploration companies... 

Rio unveils three large diamonds

By: Esmarie Iannucci     2nd October 2018 Diversified miner Rio Tinto and its joint venture partner Dominion Diamond Mines have revealed three of the finest large rough diamonds from the Diavik mine, in Canada, that will be up for tender, closing on October 25. Collectively known as the Diavik Stars of the Arctic, the three rough... 

Weir Minerals Pontoon Solution At Madagascar Mine

1st October 2018 Regular engagement with Rio Tinto’s QIT Madagascar Minerals (QMM) operation and a good understanding of local conditions allowed Weir Minerals Africa to provide the optimal solution to the customer’s recurring challenge on a process pond. According to Weir Minerals Africa’s Dewatering Product... 

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... 

Savannah applies for new mining lease in Mozambique

By: Mariaan Webb     21st September 2018 London- and Frankfurt-listed Savannah Resources has lodged the last outstanding mining lease application for the Mutumba heavy mineral sands joint venture project with Rio Tinto, the company said on Friday, while also announcing its half-year results. The application has been submitted by... 

Australian miners spearheading disruptive technology movement – Fitch

By: Nadine James     21st September 2018 Australia’s strong information communications technology and energy infrastructure, highly skilled labour force and government support ensures that its miners will continue to be the frontrunners in implementing technology to cut costs, enhance efficiency and increase mine safety, the latest... 

Rio Tinto returns $3.2bn in coal disposal proceeds to shareholders

By: Marleny Arnoldi     20th September 2018 Anglo-Australian multinational mining group Rio Tinto on Thursday unveiled how it intends to return the proceeds of its recent Australian coal disposals to its shareholders. The company will launch a $3.2-billion share buyback programme, combining an off-market buyback tender targeting up to... 

Hydro withdraws bid for Rio Tinto Iceland plant

By: Mariaan Webb     14th September 2018 Norwegian aluminium company Hydro has dropped its offer to buy Rio Tinto’s ISAL aluminium plant, in Iceland. The $345-million offer, announced in February and initially expected to close in the second quarter, also entailed a 53.3% share in Rio Tinto’s Aluchemie anode plant, in the Netherlands,... 

The Dickinson Group 

13th September 2018 The Dickinson Group of Companies is a leading provider of furnace and industrial services to the mining, metal smelting, mineral processing, thermal power generation and petrochemicals refining industries. The company has the capacity, technology, equipment and expertise to undertake complex... 

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,... 

Nevada project produces premium quality boric acid

By: Creamer Media Reporter      28th August 2018 Australia-based mine developer Global Geoscience on Tuesday announced that it had produced premium quality boric acid from its Rhyolite Ridge lithium/boron project, in Nevada, using conventional commercial processes. The company said that the successful production of boric acid, which was... 

Menar, partners to develop Riversdale Anthracite Colliery in South Africa

By: Marleny Arnoldi     27th August 2018 Mining investment company Menar has entered into a development agreement with Coalvent and African Onca to develop the Riversdale Anthracite Colliery (RAC) project, near Vryheid, in KwaZulu-Natal. This follows after Menar’s successful turnaround of the Zululand Anthracite Colliery (ZAC).  

Menar Strikes Another Anthracite Coal Deal in Kwazulu-Natal

By: Creamer Media Reporter      27th August 2018 Mining investment company Menar plans to build on its successful turnaround of Zululand Anthracite Colliery (ZAC) when it participates in the development of another anthracite mine. Menar reached an agreement with Coalvent Limited and African Onca Proprietary Limited to partner in the... 

Australia faces increased blackout risks this summer as coal plants age

By: Reuters     24th August 2018 The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable, the nation's energy market operator said on Friday, calling for more power investment in the next few years. The Australian Energy Market Operator's (AEMO)... 

NEMISA Reduces Cost per Tonne and DTP Mining Improves Fuel Efficiencies Winning Immersive Technologies’ Annual Business Improvement Award

By: Creamer Media Reporter      23rd August 2018 The annual award for mining companies using simulation for equipment operator optimization and business improvement progressed this year, recognizing global winners for surface and underground mining environments based on their improvements achieved during 2017.The award, sponsored by Immersive... 

Anglo Pacific makes $50m investment in Labrador Iron Ore Royalty

By: Mariaan Webb     16th August 2018 LSE- and TSX-listed Anglo Pacific on Thursday announced that it had acquired a 4.25% shareholding in Labrador Iron Ore Royalty (LIORC) for $50-million, an investment that the company said should be immediately value accretive. LIORC, which is listed on the TSX and has a market capitalisation of... 

Rio Tinto considers float of Canadian iron-ore business

By: Reuters     10th August 2018 Rio Tinto, the world's second largest listed mining company, is exploring a public listing of its Iron Ore Company of Canada business, banking and industry sources said, as it focuses on boosting revenue from its flagship Australian assets. Iron-ore, which accounts for most of Rio's profit and... 

Rio starts earn-in in Uganda

By: Esmarie Iannucci     9th August 2018 ASX-listed junior Sipa Resources on Thursday reported that its earn-in and joint venture (JV) agreement with the exploration arm of diversified miner Rio Tinto, has now started. The two companies in May struck an agreement that would see Rio earn up to a 75% interest in Sipa’s Kitgum-Pader base... 

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