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New software optimises drilling, enhances blast effectiveness

By: Zandile Mavuso Mining services company Sandvik Mining has developed a mining software called Intelligent Sandvik Underground Rock Excavation (iSure) that optimises drilling and enhances blast effectiveness. 

Indian iron-ore price spikes trend, steel producers in quandary

By: Ajoy K Das Indian domestic iron-ore prices were moving in the opposite direction to global trends with steel producers facing a double whammy of shortages and high raw material costs. NMDC Limited, the country’s largest iron-ore miner, has announced that it would maintain the higher price levels during... 

Indian steel producers request a halt in iron ore exports by NMDC

By: Ajoy K Das The Indian government might direct iron-ore miner NMDC Limited to suspend exports to mitigate the shortage of raw material being faced by domestic steel producers. The move to get NMDC to halt exports comes in the wake of 26 mines in the eastern Indian province of Odisha being forced to shut... 

KCC Engineering and Construction awards Tenova Pyromet a significant furnace contract for mineral wool facility

Tenova Mining & Minerals announced today that its furnace specialist Tenova Pyromet has been awarded a significant contract by KCC Engineering & Construction (KCC), Republic of Korea, to build a mineral wool facility. Consisting of two electric arc furnaces, the new project will modernize KCC’s... 

IEA urges ‘radical change’ in electricity investment patterns 

By: Terence Creamer A new International Energy Agency (IEA) report estimates that an additional $44-trillion in electricity investment will be required to ensure a “sustainable energy system” by 2050, as represented by its 2 ˚C Scenario (2DS). The scenario itself is aligned with the Intergovernmental Panel on... 

Posco’s India project again hit by delays in allocation of iron-ore reserves

By: Ajoy K Das South Korean steel producer Posco’s $10-billion Indian project, which has already been delayed by over a decade, was likely to suffer fresh setbacks following a tussle between the federal and provincial governments over the allocation of captive iron-ore reserves. According to officials in the... 

If proven commercially, Geomega’s technology could transform REE industry

By: Henry Lazenby Montreal-based rare earth elements (REE) development company Geomega Resources is making steady progress with research and development work on a proprietary technology that could have the power to reshape the rare earths industry. Despite it still being early days, and the technology not having... 

New drilling software ready for implementation

By: Jonathan Rodin Technology group Sandvik Mining’s new tunneling project management and information analysis software, Intelligent Sandvik Underground Rock Excavation (iSure), which helps to optimise drilling and blasting patterns, is ready for implementation, says Sandvik Mining business line manager for... 

More coal projects coming on stream in Mozambique

By: Keith Campbell Three more companies will soon start mining coal in the Moatize district of Mozambique’s Tete province, Mineral Resources provincial director Manuel Sithole has reported. They will join four others already extracting coal in the district. The three new companies are Midwest Africa, Minas de... 

Canada’s mining industry supports new free trade agreement with S Korea

By: Henry Lazenby The Mining Association of Canada (MAC), on Tuesday voiced support for Canadian Prime Minister Stephen Harper’s announcement that Canada and the Republic of Korea had concluded negotiations for a bilateral free trade agreement that would significantly boost trade and investment ties between the... 

‘China factor’ continues to determine future of commodities outlook

By: Simon Rees Chinese demand for metals and minerals remains robust, although the pace of uptake is moving towards a plateau as the country enters a more mature economic phase, delegates at the Prospectors and Developers Association of Canada were told on Sunday. “There is a very clear correlation between... 

Uranium market in doldrums as upside creeps closer - Cameco 

By: Simon Rees The continued shuttering of Japan’s reactor fleet, low prices and a supply overhang continue to weigh on the uranium market, Cameco VP, marketing strategy and administration Tim Gabruch told delegates at the Prospectors and Developers Association Conference on Sunday. But the positive, long-term... 

Development of deep-seabed mining rules under way

By: Schalk Burger In its 2014 session, held in February, world regulatory body the International Seabed Authority’s (ISA’s) Legal and Technical Commission was preparing draft regulations for the exploitation of polymetallic nodules in three areas approved for deep-seabed exploration worldwide. The first of the... 

Asian steel giants flexing muscle in Canada’s Labrador Trough

By: Mariaan Webb The booming commodity prices of the last decade have sparked considerable interest in the Labrador Trough – Canada’s main iron-ore district which extends through northern Quebec and Labrador – and while dozens of the junior developers that have flocked to the region are now struggling to finance... 

Development of deep-seabed mining rules under way

By: Schalk Burger In its 2014 session, held in February, world regulatory body the International Seabed Authority’s (ISA’s) Legal and Technical Commission was preparing draft regulations for the exploitation of polymetallic nodules in three areas approved for deep seabed exploration worldwide. The first of the... 

Fortune Minerals pursuing strategic partnership strategy to finance projects 

By: Mariaan Webb As the mining world struggles to raise financing on global capital markets, Toronto-listed diversified junior Fortune Minerals is pursuing a financing strategy based on securing strategic partnerships with companies that need the product it plans to produce from its two development projects in... 

Future demand could dwarf WA oil and gas sector – Minister

By: Natasha Odendaal With rising global demand for oil and gas, particularly from Asia, Western Australia’s current multibillion-dollar industry could be “dwarfed” by the potential opportunities emerging for the continent, Mines and Petroleum Minister Bill Marmion said. Delivering the opening address for the 2014... 

Cameco abandons 2018 output target amid weak market demand

By: Henry Lazenby Canadian uranium producer Cameco late on Friday reported its full-year 2013 and fourth-quarter ended December 31 results, posting a strong performance in weak markets. The Saskatoon, Saskatchewan-based company revealed that it had abandoned its production target of 36-million pounds of uranium by... 

De Wittekrans project could boost miner to midtier level

By: Ilan Solomons ASX- and Aim-listed coal mining company Continental Coal’s De Wittekrans coal mine could potentially make it a genuine midtier mining company, stated Continental Coal CEO Don Turvey, at the Sasfin Investor’s Auditorium plenary session at the 2013 Joburg Indaba in October. At the event, held in... 

West Africa must overcome major challenges to become the new Pilbara

By: Ilan Solomons West Africa has the potential to emerge as a serious competitor to the mineral-rich Pilbara region north of Western Australia but has to overcome several significant infrastructural and logistical challenges to achieve this. This was the general consensus among members of a panel discussion on... 

Largest Known Rare Earth Mineral Deposit Discovered

SRE Minerals Limited announces the results of exploration and studies in collaboration with the Korea Natural Resources Trading Corporation of the Democratic People’s Republic of Korea SRE Minerals Limited (“SRE” or “the company”) announced today their joint venture agreement with the Korea... 

U3O8 Corp makes a new uranium/vanadium discovery in Argentina

By: Henry Lazenby Canadian uranium explorer U3O8 Corp this week announced that it had discovered an entirely new mineralised area - with the highest uranium/vanadium grades found to date - in the Laguna Salada district, in Chubut province, Argentina. The TSX-listed company on Tuesday revealed the La Rosada... 

Hydraulic hose tracking system developed at SA mines

By: Ilan Solomons The Eaton Trax web-based hydraulic hose tracking system is scheduled for launch in the second quarter of 2014, with the piloting of the system to be concluded in the first quarter of 2014 at one of mining major Anglo American’s mines, in South Africa, says diversified power management company... 

More testing, cash needed to prepare South Korean tungsten project

By: Henry Lazenby The Sangdong tungsten project, which TSX-V-listed Woulfe Mining is developing in South Korea, will require considerable additional test work to bring it to proper commercial and financial preparedness. The company, which announced the appointment of three new board members on Wednesday, reported... 

Cameco lifts Q3 profit on higher output, prices

By: Henry Lazenby Canadian uranium producer Cameco has reported a sharp increase in profit during the third quarter ended September 30, as it pushed up output and benefited from higher-than-spot contract prices. The TSX- and NYSE-listed company reported net earnings of $211-million, or $0.53 a share, up 167%... 

Desert Mines launches scoping study at S Korea project

By: Esmarie Swanepoel Junior Desert Mines and Metals has launched a scoping study on its Daehwa molybdenum-tungsten project, in South Korea. The study would consider trial mining and bulk sampling options, as well as the optimal strategy for reaccessing historic underground workings, and potential investment or... 

Tenova Pyromet commissions furnaces for Visa Bao greenfield project

By: Creamer Media Reporter Tenova Pyromet, part of the globally-present Tenova Mining & Minerals, has successfully commissioned 4 x 16.5 MVA ferrochrome (FeCr) furnaces for Visa Bao Limited’s new plant near Jajpur in Orissa, India. Tenova Pyromet supplied its patented lower electrode equipment for the FeCr furnaces, with... 

Japan, South Korea regulatory uncertainty puts Asian LNG demand in question

By: Esmarie Swanepoel Future Asian demand for liquefied natural gas (LNG) has been called into question, with analyst Wood Mackenzie (WoodMac) saying that policy and regulatory uncertainty in Japan and South Korea could result in less new LNG supply being developed. While the governments of Japan and South Korea are... 

Mining subsidising inefficient beneficiation beggars belief – chamber  

By: Martin Creamer The possibility of the South African mining industry providing effective subsidies to underpin inefficient mineral beneficiation beggars belief in a modern country trying to assert its regional economic credentials. That is the view of Chamber of Mines of South Africa president Mark Cutifani,... 

Exploration company outlines its Argentina growth strategy

A preliminary economic assessment is expected in late 2013 to determine if Canada-based exploration company U3O8 Corp’s Laguna Salada deposit in Argentina’s Chubut province could potentially be positioned for near-term production using low-cost mining and processing techniques that nonetheless... 

Canada courts S Korean business community

By: Henry Lazenby Canada’s Natural Resources Minister Joe Oliver on Monday courted the South Korean business community in Vancouver, saying exports to South Korea, located in one of the fastest-growing regions of the world, were an important contributor to the country’s prosperity. Oliver said government was... 

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