Acquisition of UK tin mine could spark mining revival
The South Crofty tin mine in Cornwall,UK, has been...
A tin min in the UK looks set for a rebirth, after a two-decade closure and mostly flooded workings.
The South Crofty tin mine in Cornwall,UK, has been bought out of administration by Canadian company Strongbow Exploration in a mine revival estimated at £100m, according to the Financial Times.
The mine acquisition is being touted as the start of a revival of UK mining, following a boom in commodities and technology over the last decade.
“There is a recognition that we have some important minerals here,” Jeremy Wrathall, a mining analyst at Investec in London to the Financial Times.
“In spite of a long history of mining, there is still plenty to be found using modern techniques and re-examining the old data.”
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Unmanned train to allow Vale to reopen iron ore plant
Brazilian miner Vale SA will be able to resume operations at its Timbopeba iron ore dry processing plant in up to two months thanks to the use of an unmanned train, the company said in a statement this week.
Vale - Timbopeba iro ore plant
With the train, Timbopeba will be able to operate at least at 80% of its capacity of 33,000 tonnes of iron ore “fines” per day, reports Reuters.
Vale was forced to shut down the plant in the Alegria mine complex recently after labor authorities in Minas Gerais state banned activities close to the Xingu dam due to concerns of a risk of collapse.
Vale said access by workers and vehicles continues to be suspended in the flood zone of the dam due to the ban even though it remains at emergency level 2, which means there no imminent risk of rupture.
But some workers are allowed entry under strict security precautions and they will get the unmanned train going once it has been tested, which would take between one and two months, the company said.
The unmanned train will travel automatically along 16 kilometers (10 miles) of track operated by a system that can control the speed and activate the brakes, Vale said.
Vale announces first ore at Voisey’s Bay mine extension
Vale has reached the milestone of first ore production at the Reid Brook deposit at the Voisey’s Bay mine expansion project in Northern Labrador, Canada - recognised as the safest mine in Canada.