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18.09.2019 (2430 Clicks)

Timken to Acquire BEKA Lubrication

The Timken Company has reached an agreement to acquire BEKA Lubrication (BEKA), a leading global supplier of automatic lubrication systems, for approximately $165 million.

18.09.2019 (2951 Clicks)

Byerwen Coal Mine Opening good News for Queensland Exports, Jobs and Royalties

The opening of the Byerwen coal mine in North Queensland is testament to the strength and diversity of the state's mining sector, Queensland Resources Council (QRC) Chief executive Ian Macfarlane said yesterday.

18.09.2019 (2838 Clicks)

BHP report highlights Resources Sector’s Contribution to all Queenslanders

The Queensland Resources Council has welcomed BHP’s annual economic contribution report highlighting its increased payments to the Queensland Government last financial year totalled $1.24 billion or $100 million every month.

18.09.2019 (2511 Clicks)

Implenia wins order to build the new 380-kV Berlin Diagonal Power Link

• Tunnel to carry high-voltage power line
• Order worth around EUR 130 million (approximately CHF 140 million)  
  
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15.09.2019 (2320 Clicks)

Piotrek and Csiro to make next-gen Lithium Batteries for Global Market

A new partnership between Australia's national science agency, CSIRO, and Japanese specialist chemical manufacturer, Piotrek, will see Australian-developed battery technologies commercialised globally within the next five years.

15.09.2019 (2657 Clicks)

Epiroc wins large Mining Equipment Service Contract in Chile

Epiroc has won a large contract from Codelco for service of mining equipment used at the Andina mine near Chile’s capital Santiago.

09.09.2019 (2119 Clicks)

WMO Secretary General Warns Against Climate 'Doomsters and Extremists'

The General-Secretary of the World Meteorological Organization (WMO) says that the alarmist narrative on climate change has gone off the rails and criticised the news media for provoking unjustified anxiety.

05.09.2019 (2580 Clicks)

Global Silver Production to Recover from 2020 to exceed 1B ounces by 2023

Global silver production, which has been declining since 2016, is expected to recover from 913.5 million ounces (Moz) in 2019 to 1,029Moz in 2023, according to GlobalData, a leading data and analytics company.

05.09.2019 (3051 Clicks)

Global Gold Production to reach M132 Ounces in 2023

Global gold production is expected to grow at a compound annual growth rate (CAGR) of 2.5% between 2019 and 2023 to reach 132.1 million ounces (Moz) in 2023, according to GlobalData, a leading data and analytics company.

Gold production increase will be mainly contributed by Australia, Russia and the US, which will advance both new and existing development projects. There are currently more than 90 projects undergoing expansion globally, 23 of which are located in these three countries.

Vinneth Bajaj, Senior Mining Analyst at GlobalData, comments: “The majority of gold production growth will be supported by Russia, which is expected to deliver a net increase of 3.4Moz, at a CAGR of 4.5%, over the forecast period. This will be followed by the US with a net increase of 1.6Moz, at 4.7% CAGR; and Australia with 1.4Moz at 2.8% CAGR.”

Bajaj continues: “In contrast, production is declining in China, Chile and Mexico. Production in China declined by 5.9% in 2018 due to the introduction of the Environmental Protection Tax, which has led to an increase in mining processing costs.”

The largest mines expected to enter production in the next four years are the Donlin Gold and Kerr-Sulphurets-Mitchell (KSM) projects in 2023, as well as the Pascua-Lama project in 2021. These facilities will have a combined annual gold production capacity of over 3.2Moz.

Bajaj adds: “The list of mines undergoing expansion includes some of the longest-operating mines such as Turquoise Ridge and Round Mountain in the US; and the St Ives Gold Mine Complex and Olympic Dam mines in Australia.”

Newmont Goldcorp has become the world’s leading gold mining company, and is expected to produce between 6–7Moz of gold in 2019. In 2018, the company produced 5.1Moz, which is lower than the prior year due to lower grades at several sites such as KCGM and lower leach tonnes at Phoenix, Carlin and Yanacocha. Barrick Gold is the second leading gold company, having produced 4.5Moz in 2018, while AngloGold Ashanti is third with 3.4Moz.

Source: Global Data

                     

05.09.2019 (3252 Clicks)

Small Robbins Double Shield TBM makes a monumental Achievement in the Parmer Lane Wastewater Interceptor in the USA

Compact TBM bores longest Rock Tunnel at 2.46 m Diameter