Week in Review: A Look Back at the Top Pictures, Videos, and News
BHP Billiton and Rio Tinto Could Capitalize on Falling Iron Ore Price
The price of iron ore has dropped dramatically, falling 44 percent since its peak in February 2013. And while that suggests bad news for most, it actually means quite the opposite for two of the world’s largest iron ore producers.
[VIDEO] Ford Tests New 2015 F-150 at Barrick Gold Mine
Ford Motor Company has released a video of it testing out the first aluminum-bodied F-150 trucks at ‘Bald Mountain’ gold mine in Elko, Nevada. The site, which is owned and operated by Barrick Gold Corporation, is used to experiment if the automaker’s new F-150 trucks can handle the abuse of its most demanding customer, the mining industry.
South Africa’s Five-Month Platinum Strike ‘Officially Over’
The five-month platinum strike that has plagued South African workers and platinum producers has officially ended.
On Monday, South Africa’s AMCU union declared the platinum strike ‘officially over’ as thousands of miners rejoiced.
Top 10 Largest Mining Dump Trucks
We break down the top 10 largest mining dump trucks in the industry. From Caterpillar to Hitachi, we showcase the biggest and baddest mining dump trucks available.
BHP Billiton Considering Cutting 3,000 Jobs in Australia
BHP Billiton is looking to cut more than 3,000 jobs from its iron ore division in Australia.
The company has already eliminated more than 500 jobs in recent months, including 100 from its headquarters in Perth, and the potential for more is looming. Australia’s once-booming mining sector is rapidly disappearing as China’s demand for imported materials such as iron ore, coal and copper cools down.
Glencore Elects First Female Board Director in Patrice Merrin
Mining conglomerate Glencore has ended its reign as the last bastion of all-male boards in the FTSE 100, appointing Canadian Patrice Merrin as its first female board director.
At its annual meeting a month ago, Glencore chairman Tony Hayward expressed the company’s desire to elect a female director by the end of the year. According to business leaders around the globe, the move is a “breakthrough” of “enormous significance.”
[VIDEO] Second Largest Excavated Hole in the World – Mir Diamond Mine
What started out as a small discovery in 1955 by Soviet geologists has transformed into one of the largest excavated holes the world has ever seen.
The open-pit Mir mine, located in Eastern Siberia, was once one of the largest diamond mines on earth, reaching depths of 1,722-feet and stretching 3,900-feet in diameter.
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.