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18.09.2019 (2391 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 (2922 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 (2810 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 (2476 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 (2293 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 (2631 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 (2095 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 (2551 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.

Growth will be supported by nearly 50 projects producing silver as either a primary or secondary commodity. The projects are currently undergoing construction and expected to commence operations during the forecast period. Major upcoming projects include the El Cajon in Mexico, the Candelaria 2030 in Chile, Fruta del Norte and Mirador in Ecuador, and the Ozernoe and Udokan projects in Russia.

Vinneth Bajaj, Senior Mining Analyst at GlobalData, comments: “Although global silver mine production declined moderately by 2.4% to 920Moz in 2018, a significant decrease of 12.6% occurred in the US where labor strikes at the Lucky Friday mine severely impacted output. This was followed by Peru with a 5.8% decrease and Mexico with 5.6%, where lower ore grades and lower recovery rates led to falling output.”

Increases in production in China (2%) and Russia (3.4%) partially offset the 2018 declines. The overall robust performance of the base metals sector in China, where silver is a by-product, and production increases at Russia’s Albazino, Svetloye and Mangazeisky mines, were the key factors behind the growth in these countries.

Mexico, Peru, China, Russia and Chile were the world’s top five producers of silver, accounting for a collective 60.5% or 556.9Moz in 2018. Industrias Penoles, KGHM Polska Miedz, Glencore, Newmont Goldcorp Corp and Polymetal International are the largest operators in the global silver mining industry.

Penoles produced 69.8Moz of silver in 2018 versus 66.4Moz in the previous year, representing a 5.1% rise. However, production from the remaining four companies fell from a collective 136.1Moz in 2017 to 126.6Moz in 2018, seeing a 7% decline.

Source: Global Data

                     

05.09.2019 (3004 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.

05.09.2019 (3216 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