Weekly roundup: Top mining stories, photos and videos
The short answer is yes.
Social media has become the quintessential networking tool for people, businesses and organizations alike. It has the power to connect brands to their consumers, inform audiences on current topics and trends, and engage audiences to interact and discuss opinions. Whether we like it, use it, or just don’t understand it, social media can be useful for everyone—even mining companies.
There are massive benefits to utilizing mining simulators for personnel training. This approach holds immense value for mining companies looking to enhance preparation of miners because it offers a quick and cost-effective way to significantly improve the skills and productivity of equipment operators.
South Africa is one of the top mining regions in the world. Famous for its abundance of profitable mineral resources such as gold, diamonds, coal and platinum, the country is estimated to have the world’s fifth-largest mining sector in terms of GDP value.
A report by Research and Markets forecasts the mining equipment market in the United States to grow at a compound annual growth rate (CAGR) of 8.27 percent over the period 2015-2019.
Press release--Whitehaven Coal’s Narrabri North mine set new production records last year and subsequently ordered a second Cat® EL3000 Longwall Shearer and a second Cat BSLPF6 Stage Loader for delivery in August this year. The mine, located in the Gunnedah Basin of New South Wales, Australia, set a weekly production record of 257,000 tons in June and a new quarterly production record in the final quarter of the year.
Colorado-based Newmont Mining Corporation has signed a non-binding letter of intent to sell its Waihi gold mining operation in New Zealand to Oceana Gold Corporation for $101 million. Terms of the sale also include a $5 million contingent payment as well as a one percent net smelter royalty on a recent discovery north of Waihi’s current operation.
The world’s second largest mining company is getting back in the saddle again.
Rio Tinto indicated at a recent analyst meeting that it is ready to consider mergers and acquisitions again, said a Morgan Stanley report, but only if it can secure the right asset at the correct valuation and win investor support. With the mining sector hovering at the bottom of the cycle, the time could be now for Rio to pull the trigger.
Caterpillar (Langfang) Mining Equipment Co. has announced the completion of its first full armored face conveyor (AFC) system for longwall mining. The achievement is a "milestone in the facility’s evolution as a key mining equipment manufacturing plant for Caterpillar and the region”, which had previously only manufactured line pans for AFC systems.
The New York Times recently published an article examining Europe’s declining coal sector with haunting imagery from French photographer Pierre Gonnord. The portrait-style images tell a story of the harsh physical and mental conditions of coal mining, and the toll it takes on a person.
For the last 142 years, Atlas Copco has built a solid reputation for being a world-class provider of sustainable productivity solutions in the mining, construction and manufacturing industries. The company attributes its success to five strategic pillars: presence, innovation, service, operational excellence and people.
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.