Fire forces lead smelter closure in Missouri
The Doe Run Company had to declare force majeure at its lead smelter in Herculaneum, Missouri, after a fire at the plant.
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Mitsubishi pays $81m for 25% stake in PGM mine
Japanese conglomerate Mitsubishi Corp will pay $81.25 million to acquire a 25% ownership in the Marathon PGM and copper project owned by Stillwater Mining.
Carbon Friendly Solutions signs MOU with major iron and shell producer in China
Carbon Friendly Solutions Inc. (CNSX: CFQ) announced the company, through its wholly-owned subsidiary Microcoal International Inc. (“MCI”), has signed a Memorandum of Understanding (“MOU”) with Hebei Iron and Steel Group Limited (“HBIS”), a major iron and steel producer in China, setting out the terms for a detailed project design package to be developed for a large scale industrial facility.
From energy footnote to oil giant: Infographing the Canadian oil boom
Infographics design firm Visual Capitalist has constructed a very interesting infographic on the Canadian oil boom. Thanks mostly to the northern Alberta oilsands, the amount of crude oil underneath Canadian soil or waters has gushed from a mere 7 billion barrels a decade ago to an astonishing 175 billion barrels. The only countries with more crude oil than Canada are Venezuela and Saudi Arabia.
Centerra Gold posts revised 2012 production forecast for Kumtor Mine
Canada-based gold producer Centerra Gold Inc. (TSX:CG) announced today that increased ice movement in the southeast section of the pit will delay scheduled access to the high grade SB zone. Preliminary engineering analysis now indicates production of 390,000 to 410,000 ounces of gold in 2012 at its Kumtor mine, rather than between 575,000 and 625,000 ounces as previously forecast. The revised production profile will continue to be weighted to the fourth quarter.
Knight Piésold to open office in Colombia
Knight Piésold Consulting, an international engineering and environmental consulting company, is pleased to announce the appointment of Mr. Andrew Markle as Regional Manager of Knight Piésold Consultores S.A.S., Knight Piésold’s operations in Colombia.
GIW Froth Pump prevents airlock shutdowns at Mondo Minerals Talc Plant
GIW Industries, the leader in the design, manufacture and application of heavy-duty, centrifugal slurry pumps, announced that global talc producer Mondo Minerals has installed GIW's High Volume Froth (HVF) pump at its talc processing plant in Outokumpu, Finland. During the pump's first month of operations, the plant was able to stabilize the flotation process and eliminate a safety hazard.
Tehran rides to gold’s rescue
"The only thing that's got us up is oil," Frank McGhee, senior precious metals dealer with Integrated Brokerage Services in Chicago told The Wall Street Journal.
Open outcry: Four bidders line up for Romania’s state copper mine auction
Romania received four bids for its biggest copper mine, Cupru Min Abrud, and will sell the company in an auction on March 26, the economy ministry said on Friday.
Caterpillar introduces 777G off-highway truck
The new Cat® 777G Off-Highway Truck introduces outstanding performance, production and fuel efficiency in the 100-short-ton (91-tonne) size class.
RANKED: World’s top 20 largest gold mines
Mine production saw a modest rise to 3,672 tonnes last year, WGC data shows.