Immersive Technologies has over 80% market share of the high fidelity training simulator in the mining industry with over 930 simulator modules deployed and has achieved quantifiable results to date in partnership with Anglo American's Los Bronces.
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
It all began about 900 million years ago.
The situation, says the ratings agency, won’t change over the next 12 to 18 months, and metal prices may fall even further.
The rough-diamond miner extracted about 11.6 million carats in Q3, or 20% more than in the same period last year. However, it could only sell 4.9 million carats.
Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.
A month after Anglo completed the sale of Mantos Blancos and Mantoverde copper mines in northern Chile, analysts are calling into question the firm’s chance to unload two other assets.
The National Union of Mineworkers (NUM) and the Chamber of Mines, which has been negotiating on behalf of the country’s main coal producers, will sign the agreement later today.
The decline in coal share prices has affected the pensions of millions of bus drivers, librarians, park attendants, school workers, housing officers and care workers, a new study from Platform London shows.
According to the National Union of Mineworkers (NUM), the Swiss-based company is the one “holding the whole process to ransom".
Biggest drop in Chinese industrial profits on record spills red ink on mining stock boards – Freeport down 10% in massive volumes.
Worries over China's growth and its impact on commodity prices prompted broker downgrades for some of the industry’s biggest names.
On the 5th of September, the AusIMM Southern Queensland Student Chapter (SQSC) held the chapter’s annual BHP Billiton Local Mining Games at The University of Queensland’s Experimental Mine in Indooroopilly, a suburb of Brisbane.
The move aims to reduce the gold producer's dependence on unreliable electricity supply from state-run utility Eskom Holdings.
Carroll, who led Anglo American from 2007 to 2013, will chair the company’s Vedanta Resources Holdings Ltd. unit and advise the group’s chairman.
The announcement comes only days after Anglo announced a $330m deal to sell lossmaking South African platinum mines to Sibanye Gold.
The deal involves an upfront payment of 1.5 billion rand, with a minimum deferred payment of 3 billion rand, equal to 35% of cash flow generated by the operation.
The companies are expected to make an official announcement on Wednesday.
Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.
CHART: The commodity slump has slashed major miners' market valuations to 60–88% below 2011 highs.
This the first time in over 15 months that Sibanye officially confirms its interest in Amplats’ Rustenburg assets.
New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.
The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.
The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.
The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.
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