Industry News
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Robots enter deep underground mines for demolition work I
Market demand has made mining of certain ores consistently profitable, however, ultra-deep thin vein mining projects must adopt a more sustainable strategy if they are to maintain long-term profitability. In this regard, robots will play an important role. In the mining of thin veins, compact and...Read more -
RANKED: Top 10 mines with world’s most valuable ore
Top listed uranium producer Cameco’s Cigar Lake uranium mine in Canada’s Saskatchewan province takes top spot with ore reserves valued at $9,105 per tonne, totaling $4.3 billion. After a six-month pandemic induced halt. Pan American Silver’s Cap-Oeste Sur Este (COSE) mine in Argentina is in secon...Read more -
Global data: Zinc production has rebounded this year
Global zinc production will recover 5.2 per cent to 12.8m tonnes this year, after falling 5.9 per cent to 12.1m tonnes last year, according to global Data, the data analysis firm. In terms of production from 2021 to 2025, the global figures forecast a cagR of 2.1%, with zinc production reaching 1...Read more -
The 2021 China International Mining Conference opens in Tianjin
The 23rd China International Mining Conference 2021 opened in Tianjin on Thursday. With the theme of “Multilateral Cooperation for Development and Prosperity in the post-COVID-19 era”, the conference aims to jointly build a new pattern of international mining cooperation in the post-C...Read more -
South32 buys stake in KGHM’s Chilean mine for $1.55bn
Sierra Gorda open pit mine.(Image courtesy of KGHM) Australia’s South32 (ASX, LON, JSE: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for $1.55 billion. Japan’s Sumitomo Metal Mining and Sumitomo Corp, wh...Read more -
World’s top copper projects by capex — report
The KSM Project in northwestern British Columbia. (Image: CNW Group/Seabridge Gold.) Global copper mine production is set to expand by 7.8% y-o-y in 2021 as a result of multiple new projects coming online and low-base effects due to covid-19 lockdowns reducing output in 2020, market analyst ...Read more -
Antofagasta to test use of hydrogen in mining equipment
Pilot project to advance the use of hydrogen in large mining equipment has been set up at the C entinela copper mine. (Image courtesy of Minera Centinela.) Antofagasta (LON: ANTO) has become the first mining company in Chile to setup a pilot project to advance the use of hydrogen in large mi...Read more -
Weir Group cuts profit outlook following crippling cyberattack
Image from Weir Group. Industrial pump maker Weir Group is reeling following a sophisticated cyberattack in the second half of September that forced it to isolate and shut down its core IT systems, including enterprise resource planning (ERP) and engineering applications. The result is seve...Read more -
Peru minister says $1.4bn Tia Maria mine a “no go”
Tía María copper project in Peru’s Arequipa region. (Image courtesy of Southern Copper.) Peru’s economy and finance minister has cast further doubts about Southern Copper’s (NYSE: SCCO) long-delayed $1.4 billion Tia Maria project, in the southern Islay province of the Arequipa region, by say...Read more -
Europe’s energy crisis to hit miners’ long-term power deals, Boliden says
Boliden’s Kristineberg mine in Sweden. (Credit: Boliden) Europe’s energy crunch will prove more than just a short-term headache for mining companies because price spikes will be accounted for in long-term power contracts, Sweden’s Boliden AB said. The mining sector is the latest to warn tha...Read more -
South Africa studying court judgment that parts of mining charter unconstitutional
Ground handling worker performing a routine inspection at Finsch, South Africa’s second largest diamond operation by production. (Image courtesy of Petra Diamonds.) South Africa’s mining ministry said it was studying a judgment by the High Court that some clauses in the country’s mining char...Read more -
Hudbay drills seventh zone at Copper World, near Rosemont in Arizona
Looking over Hudbay’s Copper World land package. Credit: Hudbay Minerals Hudbay Minerals (TSX: HBM; NYSE: HBM) has drilled more high-grade copper sulphide and oxide mineralization at its near-surface Copper World project, 7 km from the Rosemont project in Arizona. Drilling this year identifi...Read more