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Chinalco exec proposes curbing China's copper capacity as lawmakers meet

By: Reuters     22nd May 2020 The general manager of State-owned metals group Chinalco is calling on China to rein in "blind expansion" of copper smelting capacity as the country's lawmakers gather in Beijing to decide policy objectives and economic targets for the year. Yu Dehui, also a delegate at the Chinese People's... 

Regulatory Framework in the Indian Mining Industry: Evolution & Need for an Enduring Outlook

By: Creamer Media Reporter      18th May 2020 By: Munawwar Naseem, Partner-Dua Associates, Delhi Febin Mathew Varghese, Principal Associate- Dua Associates, Delhi 1. Regulatory regime along with geo-politics play a significant role in the mining sector. Political upheavals and consequent regulatory changes are major factors influencing... 

As opposition to Level 4 grows, economists debate easing options 

By: Terence Creamer     8th May 2020 With the opposition to South Africa’s Level 4 lockdown growing, along with calls for increasing the scope and scale of economic activity, several economic commentators are urging the authorities to take lessons from those countries that have already started to emerge from lockdowns and adapt them... 

Components provider launches new hydraulic electric pumps

By: Mamaili Mamaila     1st May 2020 Engineering components provider BMG has launched a new range of portable hydraulic electric Enerpac E-pulse pumps, which are critical to all 700 bar and 10 000 psi pound-force operating hydraulic systems. 

Gold likely to rise as global Covid-19 restrictions start to ease

By: Donna Slater     24th April 2020 Financial services company INTL FCStone Europe, the Middle East, Africa and Asia market analysis head Rhona O’Connell says the majority of precious metals have moved into uncertain territory, with future trends difficult to predict as Covid-19 disrupts international buying and selling markets.... 

New gold futures contract launched – LBMA 

By: Martin Creamer     10th April 2020 A new gold futures contract just launched has expanded delivery options, London Bullion Market Association (LBMA) said on Thursday. The membership of LBMA, a gold and silver trade association, is made up of banks, traders and logistics companies across the world, resulting in it being given... 

Rio halts potline at NZ smelter

By: Esmarie Iannucci     31st March 2020 Major Rio Tinto will close one of its four potlines at Tiwai Point aluminium smelter, in New Zealand, as part of measures to combat Covid-19. CEO and GM of the New Zealand’s Aluminium Smelter, in which Rio holds a 79.36% interest, Stewart Hamilton said that the company had worked hard to... 

As coronavirus rages, Rusal puts brakes on Nornickel's palladium JV

By: Reuters     20th March 2020 Russia's Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel's shareholders. Nornickel is the world's largest producer of palladium, which... 

Rio's free cash flow up by 31% in 2019

By: Esmarie Iannucci     26th February 2020 Higher iron-ore prices has helped to drive a 31% increase in free cash flows for diversified miner Rio Tinto during the 2019 financial year, compared with 2018. The miner on Wednesday announced that free cash flow for the full 2019 reached $9.1-billion, up from the $6.9-billion reported in 2018,... 

Rio punts refinery technology

By: Esmarie Iannucci     14th February 2020 Mining giant Rio Tinto and aluminium equipment supplier STAS have agreed to terms to commercialise Rio’s advanced compact filtration (AFC) technology for aluminium cast houses. The ACF technology developed by Rio will now be manufactured and sold under license by equipment manufacturer STAS... 

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