Economic & Industrial

Mining News Pro - ASX-listed Oil Search has established $300-million corporate bilateral revolving credit facilities, providing the company with more financial flexibility.

Mining News Pro - Zambia’s planned mining royalty increases could lead to more than 21 000 job losses and operators cutting $500-million in capital spending over the next three years, an industry lobby group said.

Mining News Pro - Sandvik says it understands the underground hard-rock mining industry’s need for productive and safe mining with battery-electric vehicles and, as a result, is working on even more solutions to cater to this demand.

Mining News Pro - According to a new market research report “Mining Equipment Market by Category (Drill & Beaker, Crushing, Pulverizing, Screening, Mineral Processing, Surface & Underground Mining), Electric Equipment (Mining Trucks, LHD), Propulsion, Industry, Autonomous Equipment, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the mining equipment market is estimated to be $77.7 billion in 2018 and is projected to reach $112.3 billion by 2025, at a CAGR of 5.40%. “Increasing mining activities and stringency in emission norms will drive the market.”

Mining News Pro - Fleetwood Australia has received a one-year contract extension from Rio Tinto at Karratha in Western Australia.

Mining News Pro - To extract minerals from host rocks, mines grind down rock into fine sand. Once the mineral is extracted, most of this fine sand remains as a by-product called tailings. Every mining operation produces a unique tailings stream and local conditions dictate storage options.

Mining News Pro - India’s Law Ministry has opined that the government should not resort to legislative changes to bring closed iron-ore mines back into operation in the western coastal state of Goa.

Mining News Pro - The head of IMIDRO`s delegation said that exploring, removing organizational bureaucracies and benefitting from academic and private capacities would be our main program at the Organization for the Development and Renewal of Mining and Mining Industries of Iran.

Mining News Pro - Stanmore Coal is the target of a $240 million takeover offer from a subsidiary of Indonesia’s Golden Energy and Resources.

Mining News Pro - BHP has settled a dispute with the Australian Taxation Office (ATO) regarding taxes that were allegedly owed by the mining major over a 15-year period.

Mining News Pro - Rio Tinto has commenced the first geophysical airborne electromagnetic (AEM) survey at the Citadel project in Western Australia in its farm-in with Antipa Minerals.

Mining News Pro - Diversified miner BHP has reached a settlement agreement with the Australian Taxation Office (ATO) on a longstanding dispute related to the company’s marketing operations in Singapore.

Mining News Pro - Zimbabwe will allow gold and platinum mining companies to retain up to 55 percent of their earnings in dollars, government and central bank officials said on Monday, as authorities in the southern African nation move to ensure operators remain viable.

Mining News Pro - Rio Tinto will be the first mining company to supply responsibly-sourced aluminium that supports ethical standards for the production of coffee capsules after joining forces with Nespresso.

Mining News Pro - Through its representative in Argentina, Mario Hernández, Canada’s Yamana Gold Inc.

Mining News Pro - The British Guardian wrote in a report: "With the continued demand for Iranian oil and the lack of international support for US sanctions, there is no US approach to this country.

Mining News Pro - BHP said on Friday that driver error caused an iron-ore train to run away without its driver and a brake problem caused the company to intentionally derail the train in order to stop it, according to a preliminary investigation.

Mining News Pro - The Supreme Court of Canada has agreed to hear an appeal by the government of Newfoundland and Labrador on the issue of the jurisdiction of Quebec courts in respect of the Innu communities of Uashat mak Mani-Utenam and Matimekush-Lac’s C$900-million lawsuit against a unit of global miner Rio Tinto.

Mining News Pro - The Pilgangoora lithium/tantalum project, in Western Australia, has officially been opened by Mines and Petroleum Minister Bill Johnston.

Mining News Pro - The Innu want $900 million as compensation for IOC’s mining in their territory since the 1950s without their consent. (Image: Iron Ore Co. of Canada)

In Picture