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Asia News
Cabinless, emissionless vehicle foretelling underground’s autonomous future 
By: Martin Creamer 30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... →
Sandvik intelligent drill series continues to meet evolving customer demands
By: Simone Liedtke 30th September 2020 As rotary blasthole drill technology continues to advance, Sandvik’s iSeries family of intelligent drills continues to grow to meet evolving customer demands – as can be seen with the Sandvik DR410i drill rig. Considered a “compact, powerful, technologically advanced rig designed to produce the... →
Aviation, other transport sectors accelerating adoption of hydrogen as a fuel source
By: Marleny Arnoldi 30th September 2020 The World Platinum Investment Council (WPIC) says developments in aviation – and across other modes of transport - are accelerating the adoption of hydrogen as a mainstream, sustainable fuel source. The council notes that aerospace company Airbus is not alone in believing that hydrogen... →
China's Shandong Gold to buy Xinjiang-focused miner Hengxing
By: Reuters 30th September 2020 Shandong Gold Mining said on Wednesday it would buy Hengxing Gold Holding in an all-stock deal worth around HK$3-billion ($387-million) that gives it control of the Gold Mountain mine in China's Xinjiang region. The purchase continues a prolific acquisition spree for state-run Shandong Gold in a... →
Sandvik launches new RDX5 rock drill
By: Simone Liedtke 30th September 2020 Following the virtual grand opening of its Rock Drill Innovation Centre, in Finland, Swedish mining gear and metal-cutting tools maker Sandvik launched its RDX5 rock drill on September 30. The rock drill builds on the success of “the most dependable rock drill in the market”, the HLX5, and... →
Geopolitics, social responsibility rise in the risk ranks for mining globally
By: Marleny Arnoldi 30th September 2020 Mining executives across the world have ranked licence to operate, high-impact risks and productivity and rising costs as the top three risks facing their business over the next year. Multinational professional services firm EY's 'Top 10 Business Risks and Opportunities – 2021' survey for the... →
Gold-buying by central banks seen climbing from near decade low
By: Bloomberg 30th September 2020 Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year. Citigroup Inc. sees demand from the official sector rising to about 450 tons after a drop to 375 tons this year, which would be the lowest in a... →
EV demand will spark lithium mining reinvention
By: Bloomberg 30th September 2020 Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium’s top executive. “The industry’s going to have some challenges as higher purity lithium compounds are required --... →
Sandvik digitises mechanical cutting equipment to improve safety
By: Simone Liedtke 29th September 2020 In addition to performance and extensive safety features, engineering company Sandvik says its mechanical cutting equipment also offer effective digital solutions to boost productivity, reduce operating costs and maximise equipment lifetime. One such mechanical cutting equipment solution is... →
Carbide recycling can create jobs for mine communities – Sandvik
By: Martin Creamer 29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... →
Iron-ore extends gains as Vale halts Viga plant operations
By: Reuters 29th September 2020 Iron-ore futures rose on Tuesday after miner Vale said it was suspending operations at a concentration plant in Brazil, though trading was subdued as market activity winds down ahead of China's October 1-8 National Day holidays. The steelmaking ingredient's most-traded January 2021 contract on... →
Metso Outotec wins €25m Tibet order
By: Creamer Media Reporter 29th September 2020 Finnish minerals and metals processing technology company Metso Outotec has signed a contract with Chinese group Zijin Mining for the delivery of key minerals processing equipment of the company’s Qulong copper mine project in Tibet, China. Metso Outotec’s scope of delivery covers a 58 MW... →
Newtrax gives insight into its Collision Avoidance System during Sandvik conference
By: Simone Liedtke 29th September 2020 Heavy traffic, large equipment, poor visibility and blind spots create the potential for accidents in an industry that demands world-class operational performance and has the expectation of zero harm. Underground mining Internet of Things (IoT) service provider Newtrax believes its Collision... →
South Africa has 22 operating manganese mines – AmaranthCX
By: Martin Creamer 28th September 2020 South Africa has 22 operating manganese mines, with only four of them owned in part by Johannesburg Stock Exchange (JSE)-listed companies, AmaranthCX director Paul Miller has calculated. All are in the Northern Cape, except for four small mines well outside the Northern Cape in the North West,... →
China to phase out coal power around 2050
By: Bloomberg 28th September 2020 One of China’s top climate research institutes says the country will phase out coal power around 2050 on its path toward meeting President Xi Jinping’s new climate targets. Carbon emissions will peak sometime between 2025 and 2030, and total energy demand will start to decline around 2035,... →
Green hydrogen economy growing rapidly – Hatch
By: Martin Creamer 25th September 2020 At Glencore’s Raglan Mine, in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. During periods of low wind power, a fuel cell produces electricity from the stored hydrogen, and within the facility are also innovations such as a battery... →
Glencore's Raglan Mine in Canada.
Precious metals set for worst week since March on rising dollar
By: Bloomberg 25th September 2020 Gold extended losses, capping a torrid week for precious metals, which are set for their biggest losses since the virus panicked markets in March. Bullion declined again on Friday as the US dollar rose, after touching the lowest since July a day earlier. The outlook for the global economic... →
Tin prices to extend rally as electronics sector recovers
By: Reuters 25th September 2020 Tin prices are due to extend their rally next year as top consumer China stocks up on the metal due to a recovery in demand for electronic goods. The bulk of tin, making up nearly half of demand, goes into solder, used chiefly in the electronics industry to connect components. →
World Jewellery Confederation welcomes new ISO diamond grading standard
By: Marleny Arnoldi 23rd September 2020 The World Jewellery Confederation (Cibjo) has welcomed the new publication by nongovernmental body International Standards Organisation (ISO) of the internationally recognised diamond grading standard and says it is a historic moment for the global diamond industry. The confederation explains... →
WPIC expects ETF inflows to taper down in last quarter after record highs
By: Marleny Arnoldi 23rd September 2020 Platinum exchange-traded funds (ETFs) saw significant inflows in the second quarter, with holdings having increased by 122 000 oz. This compares to outflows of 213 000 oz during the first quarter, which mostly occurred in March when some investors sold platinum to raise cash amid a global... →
Anglo Asian pushes ahead with growth plans; first-half delivers strong cash generation
By: Marleny Arnoldi 23rd September 2020 Aim-listed gold, copper and silver producer Anglo Asian Mining has declared an interim dividend of $0.04 apiece for the six months ended June 30, which is 29% higher year-on-year. The company says it will consider a special dividend in the first quarter of 2021 the back of ongoing strong cash... →
Gold may hit record before year-end on election risk, Citi warns
By: Bloomberg 23rd September 2020 Gold could hit a record before the year-end, aided in part by the risks surrounding the US Presidential election, according to Citigroup. Uncertainty over the contest and delays about the outcome may “be under-appreciated by precious metals markets", analysts including Aakash Doshi said in a... →
China wants to be carbon neutral by 2060. Is that possible?
By: Bloomberg 23rd September 2020 President Xi Jinping’s surprise announcement that China plans to go carbon-neutral by 2060 has left many questions, none more important than: “How?” China is the world’s largest energy user and greenhouse gas emitter, mines and burns half the world’s coal, and is the top importer of oil and... →
Green hydrogen study integrating SADC ahead of trillion dollar market emergence
By: Martin Creamer 23rd September 2020 A German-funded project to develop a green hydrogen atlas across Southern Africa is integrating the Southern African Development Community (SADF) region ahead of the projected opening up of a trillion dollar market going into the future. Funded €5.7-million by the Germany Federal Ministry of... →
Less than half the gold sent to big refiners comes from mines - LBMA
By: Reuters 22nd September 2020 Less than half the gold processed by major refiners in 2018 came from large industrial mines, the London Bullion Market Association said on Tuesday, publishing data revealing for the first time the origin of bullion moving through its system. The LBMA said refiners it accredits, which dominate... →
Metal industry sees no need for LME green aluminium platform
By: Reuters 22nd September 2020 The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters. As pressure mounts on investors and companies to prove their... →
Rio Tinto to develop bonded area operations for blending iron-ore at Dalian port
By: Reuters 22nd September 2020 Anglo-Australian miner Rio Tinto has signed a pact to jointly develop its first bonded area operations to blend iron-ore in China's port of Dalian, the company said on Tuesday, as it moves to widen offerings for customers across Asia. China, the world's top iron-ore consumer, brought in more... →
Weekly Coal Index Report
By: Creamer Media Reporter 22nd September 2020 The energy complex had a mixed week, with oil prices recovering and natural gas and emissions prices mixed. Australian coal prices have been catching up to SA prices as Chinese domestic coal prices (based on the Bohai-Rim Steam-Coal Price Index) have proved more robust, with several mines... →
Authorities laudably supportive of grid-tied Pan African solar project – coordinator
By: Martin Creamer 22nd September 2020 The authorities have been laudably supportive of the R150-million grid-tied photovoltaic solar project that is to be built to supply electricity to Pan African Resources’ highly successful Elikhulu tailings retreatment plant in Evander, Mpumalanga. The nigh-10 MW solar plant, which is expected to... →
Elikhulu tailings retreatment plant at Evander, in Mpumalanga.
Gold miners have important role to play in meeting the UN SDGs
By: Simone Liedtke 22nd September 2020 The gold industry can play a major role in helping to address the many social, economic and environmental challenges facing the world, while also expanding its overall contribution to meeting the United Nations Sustainable Development Goals, says AngloGold Ashanti nonexecutive director Kojo... →
Gold miners insist they won't splurge despite price surge
By: Reuters 21st September 2020 The world's top gold miners sought to reassure investors on Monday that they're not going on a spending spree despite surging gold prices boosting their shares and free cash flow. Miners are opting to give more cash back to shareholders rather than plotting takeovers which the market may... →
Global chromium production impacted by Covid-19 outbreak, says ICDA
By: Schalk Burger 21st September 2020 Global chromium production impacted by Covid-19 outbreak, says ICDA Chromium production and consumption remained constrained during the second quarter of this year, in line with lockdown restrictions implemented in various countries, says the International Chromium Development Association (ICDA). →
Cobalt demand for 5G technology to challenge electric vehicles
By: Reuters 21st September 2020 The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers. Larger batteries, using lithium cobalt oxide chemistry (LCO), are needed in... →
Harmony hoping to re-engage PNG ‘at earliest opportunity’
By: Mariaan Webb 21st September 2020 Gold miner Harmony is keen to re-engage the Papua New Guinea negotiating team “at the earliest opportunity” to secure a special mining lease (SML) for the Wafi-Golpu gold/copper project, which it owns in a joint venture with Australian miner Newcrest Mining. In an address to the Denver Gold... →
AngloGold reinstates guidance on growing certainty
By: Martin Creamer 21st September 2020 Gold mining company AngloGold Ashanti on Monday reinstated annual guidance on improved operating certainty amid the Covid-19 pandemic and in anticipation of the conclusion of the sale of its South African assets at the end of this month. All conditions precedent have been met with respect to the... →
GlobalData expects 1.7% drop in gold output this year
By: Marleny Arnoldi 18th September 2020 The suspension of mining activity owing to Covid-19 restrictions around the world in the second quarter of the year will result in a 1.7% decline in global gold production this year, says data and analytics company GlobalData. It expects almost all top gold producers in key markets, including... →
Carmichael delivers on jobs
By: Esmarie Iannucci 18th September 2020 The Carmichael coal mine, in Queensland, is on track to produce its first coal in 2021, with Indian major Adani revealing that employment numbers at the project have reached more than 1 500. Adani Mining CEO David Boshoff said the Covid-19 recession meant Adani’s investment was needed more than... →
Cybersecurity has to remain ‘front of mind’ for miners, says panel
By: Simone Liedtke 18th September 2020 As the world becomes more connected through information technology (IT) and operational technology (OT), ABB local division manager for mining solutions John Manuell warns that cybersecurity will need “to remain front of mind”. With the advent and increasing use of digital technologies,... →
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