What to expect for 2016: Top predictions for the mining industry
Will commodities continue to “bump along the bottom” or is a recovery coming by mid-year? The jury is out.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Australia ok’s vast coal port expansion near Great Barrier Reef
The expansion work will require dredging 1.1 million cubic meters of seabed near the Great Barrier Reef Marine Park.
Caterpillar to pay $74 million after found guilty of stealing trade secrets
England-based supplier Miller UK won a case filed five years ago, in which accused CAT of misusing classified information to produce its own coupler, rather than buying it from them.
Gemfields fetches $29 million in Singapore rubies auction
The company managed to sell 90,642 carats of the 92,136 carats it made available under the auction.
Randgold Resources bails out of Ghana partnership with AngloGold
The company said it believed that the Obuasi mine does not meet its criteria for making an investment.
De Beers closing another diamond mine, this time in Botswana
Debswana, a 50/50 joint venture between De Beers and the government of Botswana, is set to close its Damtshaa mine and scale down production at Orapa.
Barrick completes sale of non-core Nevada assets to Waterton
It expects to complete the sale of the Bald Mountain mine and its 50% interest in Round Mountain to fellow Canadian miner Kinross Gold by mid-January.
Chile’s court decision on whether force Antofagasta knock down Los Pelambres mine dam imminent
Locals claim the dam has diverted the course of a local estuary, causing water shortages at a time of drought.
Hope fades for 19 trapped coal miners in China
The site remained on fire on Thursday and the temperature inside the mine “could have reached 1,000 degrees” Celsius (over 1,600 Fahrenheit), according to rescue workers.
TransCanada’s Energy East pipeline costs up 30 pct to $15.7bn
The firm has filed an amended application, which makes nearly 700 changes to the route in response to concerns about environmentally sensitive areas.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
