While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.
Australia Mining News
The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.
The company had warned last week that operations at the open pit mine would be affected by the strike, as fuel and consumables failed to be delivered to site, while road blocks on highways prevented sending output to port.
Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.
The Eliwana mine will help the company lift its iron ore grades and so satisfy the new demands of its biggest customer, China, which is increasingly asking for higher quality ore for steel mills to help cut smog.
Visualisation and technology-integration are key themes for mining IT and software developers and they are not surprisingly continue to be the most talked about from a mine management and reporting point of view, collaboration and partnering are two hot themes that continue to be driven throughout the industry.
With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.
However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018.
This amendment will provide a level of certainty that is required to ensure our military has the materials it needs when it needs them.
Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.
Structural changes in the world's biggest importer, China, are re-shaping how the industry works.
Stone was recovered from the Neck zone of the Mothae kimberlite, not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.
Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.
Fabio Schvartsman is pursuing a disciplined approach, keeping tens of millions of tons in the ground each year to prevent another painful glut.
The Australian-listed company expects to secure more than $55 million in funding for the first phase of the Arcadia Lithium project.
There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.
The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.
Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.
The deal is for an initial three-year term on a "fixed-price take-or-pay basis."
Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.
Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.
BHP shares rose nearly 2 percent, hitting their highest in about 45 months.
The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.
The Deputy Secretary for Sustainable Mining is scheduled to meet with executives from Australia's largest mining companies and banks.
India's rising coal imports are contributing to higher demand across Asia this year.