Economic & Industrial

Mining News Pro - Hochschild Mining said on Wednesday that it would suspend operations at its first mining operation, Arcata, and place the mine in care and maintenance in the second quarter.

Mining News Pro - Hosken Consolidated Investments (HCI) has acquired, through a private placement undertaken by its subsidiary Deepkloof, over two-million common shares in Platinum Group Metals (PTM) at $1.33 a share, for a total consideration of $2.8-million.

Mining News Pro - Ecuador-focused explorer SolGold said Friday it was “surprised and disappointed” at how quickly Cornerstone Capital Resources dismissed a takeover approach, adding that it will bring the offer directly to the target`s shareholders.

Mining News Pro - The Nordic Investment Bank (NIB) has provided a SEK 1 billion (EUR 96 million) loan to the Swedish mining equipment company Epiroc to finance the company’s R&D investments in Sweden during 2018-2021.

Mining News Pro - South Africa`s radical leftist Economic Freedom Fighters (EFF) will nationalize all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.

Mining News Pro - Mining was walking into a brighter future and the appetite for mining investment was strengthening, attendees of the Investing in African Mining Indaba heard on Monday.

Mining News Pro - Chairman of the Board of Mine and Metal Development Investment Company (MMDIC) of Iran, decided to increase its capital by 138 percent.

Mining News Pro - Tariffs of 25 pct apply if quotas are filled.

Mining News Pro - Russian gold and silver producer Polymetal reported on Thursday an 11% rise in fourth quarter revenue, compared to a year earlier, on record high production following a full ramp-up at its mine in Kazakhstan.

Mining News Pro - Senior Manager of SteelMint told Mining News Agency during an interview in Tehran.

Mining News Pro - CEO of Kaveh-Pars Mining Industries Development Company said in Iranian Steel Market Conference and Expo to Mining News Agency.

Mining News Pro - First ore has been mined on schedule at the Gruyere gold project in Western Australia this month.

Mining News Pro - Outotec has been awarded a contract to design and deliver a mine paste backfill system to a nickel mine in Canada.

Mining News Pro - A slowdown in the Chinese economy is the biggest risk to the mining and metals sector in 2019, according to a survey of 51 key decision makers.

Mining News Pro - The order represents a value of more than 25 million DKK (almost €3.5 million) and includes a large drum washer and a big dewatering vibratory screen to dilute and clean phosphate slurry which is transported by pipeline from the mining site to the port of shipment. “We already, successfully, delivered this type of rotating drum washer to OCP two years ago, and this is one of the largest drums of its category in the world. I am very happy that OCP has chosen to renew their cooperation with SKAKO once again. This project is included in OCP’s investment plan to increase its production, and we already know that two other scrubbing lines will have to be purchased and installed at the same mining site in the years to come. We will of course work hard to also be a strong contender for these projects”, says Lionel Girieud, Managing Director of SKAKO Vibration. The entire revenue from the order is expected to be included in 2019. SKAKO Vibration is one of the two divisions in the SKAKO Group. SKAKO Vibration develops, designs and sells high-end vibratory feeding, conveying, and screening equipment, used across the complete spectrum of material handling and processing. “Our main focus is on plant sales with a solid after sales division. The production facilities are based in Faaborg in Denmark and Strasbourg in France, and the products are based on application know-how and own developed technology. The global market is penetrated using a niche strategy with a sector-driven focus. We are strong within the automotive sector, the mining sector and especially the phosphate mining sector. The main markets are EU and North Africa. We have a strong focus on expanding in Morocco to support our significant growth within supplying to the phosphate mining sector.”

Mining News Pro - What happens when a geologist and an author whose chief interest is California’s Silicon Valley get together to take a look at the United States’ dependence on foreign supplies of critical minerals? The result is a long hard look at how our southern neighbor failed to take advantage of its mineral resources.

Mining News Pro - Chile`s President Sebastián Piñera announced this week the appointment of Robert Mayne-Nicholls as the new Vice President of the National Mining Company, known for its initials in Spanish Enami.

Mining News Pro - Residents of the Combayo community, located in the Cajamarca department of northern Peru, announced a protest for February 6, 2019, against Minera Yanacocha, owned by Colorado’s Newmont Mining Corporation (NYSE: NEM), Peru’s Buenaventura, and the World Bank`s International Finance Corporation.

Mining News Pro - Anton Potapov, CTO, VIST Robotics (now a subsidiary of ZYFRA Group) recently gave his take on the near term trends on automation in mining.

Mining News Pro - A retired Army officer who last year advised a Canadian company seeking to mine gold in the Amazon returned to the head of Brazil`s indigenous rights agency on Thursday, vowing to improve the lives of the country`s native peoples.

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