The diamond producer by value sold $418 million of gems in its 10th cycle, compared with $476 million at its previous offering, which shows demand has slowed since India's withdrawal of high-value bills.
Atlas Copco Rock Drills AB has been named coordinator of the European consortium on Sustainable Intelligent Mining Systems (SIMS). This mining industry initiative is funded by Horizon 2020, the biggest EU research and innovation program ever.
Move takes the group’s total investment in the Indian city of Surat, which has the largest concentration of diamond skilled workers in the world, to $15 million.
While most miners have managed to straighten the balance sheets, they have not began preparing to deal with a new looming risk —their ability to access workers with the skills needed in an upswing.
Suncor experienced a 50% reduction in incidents and a 3.5% productivity increase by training trucks operators using both computer-based and hands-on tools.