Posts by International Mining:

Creating a major new Canadian mining house

HudBay Minerals and Lundin Mining have agreed to a business combination that will create a new Canadian leader in global mining. After the combination, HudBay is expected to be the second largest base metals company in Canada measured by market capitalisation. It will have a broad portfolio of producing assets in Canada, Portugal, Sweden, Spain, and Ireland, [...]
International Mining | November 23, 2008 | 2:57 am

Projects persevering despite difficulties

Latest issue of International Mining Project News available (November 21): With the sense of uncertainty that is circulating throughout the industry, project reports and updates are increasing in importance. As a consequence another section on cutbacks has been added. Included in this section is Freeport McMoran Copper and Gold’s Climax molybdenum mine and Xstrata Alloys [...]
International Mining | November 21, 2008 | 7:41 am

Hillhead targets zero action plan for event

The ‘Target Zero’ action plan package will be launched by the Health and Safety Executive (HSE) on 23 June next year at Hillhead 2009. An objective of the initiative includes a fully competent workforce by 2010. A number of high-profile speakers will be contributing to the launch event, to which senior industry executives, union officials [...]
International Mining | November 21, 2008 | 2:19 am

Zinc production costs fall

A further 5,800 t of zinc concentrate from Terramin Australia’s Angas mine sailed from Port Adelaide on the weekend. The shipment has an estimated net realisable value of $2.2 million based on the agreed September pricing of $0.79/lb. Commenting on current market conditions, Dr Kevin Moriarty, Executive Chairman of Terramin Australia said, “A lower Australian [...]
International Mining | November 21, 2008 | 2:15 am

Positive thoughts on China and iron ore from Gindalbie

George Jones, Chairman, imparted some encouraging views on China and iron ore in his presentation at Gindalbie’s 2008 Annual General Meeting. His view - which, he says ”is supported by recent discussions I have had with a number of senior Chinese business leaders and other experienced China analysts - is that there is a solid ‘bottom line’ [...]
International Mining | November 20, 2008 | 2:23 am

Record dollar demand for gold as world looks for haven from turmoil

Dollar demand for gold reached an all time quarterly record of $32 billion in the third quarter of 2008 as investors around the world sought refuge from the global financial meltdown, and jewellery buyers returned to the market in droves on a lower gold price. This figure was 45% higher than the previous record in [...]
International Mining | November 19, 2008 | 6:10 am

India provides some optimism for suppliers

The Asia Miner reports that India’s appetite for energy will continue to drive change in the sub-continent’s mining sector and create new opportunities for Australian businesses despite the global economic downturn, according to Austrade’s New Delhi-based Senior Trade Commissioner Peter Linford. Speaking at India’s largest mining industry event, the International Mining and Machinery Exhibition (IMME [...]
International Mining | November 18, 2008 | 2:11 am

New IEA report predicts surge in global coal use

A new report released last week by the International Energy Agency (IEA) predicts that primary world energy demand will grow 45% by 2030 with global demand for coal increasing more than any other fuel source. IEA’s latest World Energy Outlook predicts that coal will be mined to meet more than a third of the predicted [...]
International Mining | November 17, 2008 | 12:10 am

Underground mine communication system earns major award for Canadian/US partnership

Two companies - one Canadian, the other American - have been named joint winners of the 2008 cross-border business achievement award, the Canadian American Business Council (CABC) announced today. The technology involved is in underground communications, one of the features of the December issue of International Mining. The companies, Active Control Technology of Burlington, Ontario, [...]
International Mining | November 14, 2008 | 2:16 am

Outotec research center is recognised at Excellence Finland Quality Awards

Outotec’s research centre in Pori, Outotec Research Oy, took part in the Finnish Excellence Quality Awards and received the prestigious Recognised for Excellence award. The centre achieved a score of over 500 points, which entitles the winner to use the five-star Recognised for Excellence, R4E emblem. For a long time, Outotec Research has worked systematically [...]
International Mining | November 14, 2008 | 2:15 am

Nuclear power must be included in Australia’s energy mix – Dr Ziggy Switkowski

Australia has no choice but to consider nuclear power as part of its future energy mix, leading nuclear industry advocate, Dr Ziggy Switkowski, said in Adelaide today. Even if there happened to be “supersonic” progress in the development of renewable energy sources, and the successful rollout of energy productivity and carbon capture technologies, nuclear power [...]
International Mining | November 13, 2008 | 2:19 am