Economic & Industrial

Mining News Pro - The resources sector in Western Australia reported record sales of A$172-billion in the 2019/20 financial year, new statistics from the Department of Mines, Industry Regulation and Safety has shown.

Mining News Pro - The Ecuador Constitutional Court on Monday ruled that referendums relating to mining activities would be allowed, but that they would only apply to future mining rights that were not yet granted and that they could not be retroactively applied to concessions granted prior to the referendum.

Mining News Pro - 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.

Mining News Pro - The US Secretary of State, Mike Pompeo, announced that his office will launch a program to provide technical assistance for the development of Colombia’s mining industry.

Mining News Pro - South Africa is banking on a rejuvenation of its flagging mining industry to help counter the economic devastation wrought by the coronavirus and a lockdown that was imposed to curb its spread.

Mining News Pro - Southern Silver Exploration (TSXV: SSV) acquired Electrum Global Holdings’ 60% indirect working interest (for a total 100% interest) in the Cerro Las Minitas project in Mexico.

Mining News Pro - Kenmare Resources has safely completed relocation of the dredge that forms part of the wet concentrator plant (WCP) B mining operation at its Moma titanium minerals mine, in northern Mozambique.

Mining News Pro - Mining giant BHP has frozen the salaries of its key executives for the coming financial year, while paying chief executive Mike Henry $6.1 million for the first six months on the job.

Mining News Pro - BHP Group said on Wednesday the destruction of a 43 000-year old Aboriginal rock shelter in Australia by fellow miner Rio Tinto had impacted the trust between Indigenous land owners and the resource industry.

Mining News Pro - Cardinal Resources has accepted a revised takeover offer from Shandong Gold following months of bidding war between the Chinese gold miner and United Kingdom-based Nordgold.

Mining News Pro - Fortescue Metals Group shareholders have requested the company to amend its cultural heritage protection ahead of the annual general meeting next month.

Mining News Pro - The federal government has announced plans to re-set the east coast gas market and create a more competitive and transparent gas hub by unlocking gas supply, delivering an efficient pipeline and transportation market, and empowering gas customers.

Mining News Pro - Chile`s State-owned copper miner Codelco said on Monday it had reached a contractual agreement with the supervisors` union at El Teniente mine, reflecting the new constrained realities of the industry following the economic blow dealt by the Covid-19 pandemic.

Mining News Pro - Fenix Resources is on track for first sales from its flagship Iron Ridge iron ore project in Western Australia after receiving the final green light from state authorities.

Mining News Pro - BHP has awarded local construction materials manufacturer Adbri a four-year contract extension at the Olympic Dam mine in South Australia.

Mining News Pro - Joint venture (JV) partners Iamgold and Sumitomo Metal Mining (SMM) on Friday broke ground on the Côté gold project, symbolising the construction start of the new $1.3-billion mine in Ontario.

Mining News Pro - Gemfields has advised that its net loss after tax will likely be $56.7-million, or R959-million, for the six months ended June 30.

Mining News Pro - Vladimir Potanin, one of the 50 richest people on the planet, stood awkwardly on the Siberian tundra near the remote mining city of Norilsk. It had been less than a week since a spill that threatened to become one of Russia’s worst disasters in the Arctic, caused entirely by an aging fuel tank owned by his mining operations. The billionaire was about to receive a verbal lashing from Russian President Vladimir Putin in front of a national audience.

Mining News Pro - Even though the mining industry has come a long way in providing more opportunities for women, women still only make up 12% of the industry’s workforce.

Mining News Pro - Queensland mines minister Anthony Lynham has informed state parliament that he will be stepping down from his role this year.

In Picture