ABB achieves technology breakthrough for mine hoist systems
ACS 6000 medium voltage drive improves availability for biggest mine hoist in China
ACS 6000 medium voltage drive improves availability for biggest mine hoist in China
Expert from Cornell University, said that authorities should wait for results of the several ongoing studies on health and environmental dangers of fracking before granting rights to mining companies. In a talk given last night in New Brunswick, Canada, Dr. Ingraffea, said that one of the biggest problems of fracking is the failure of wells, which allowes methane gas to escape, polluting drinking water and entering the atmosphere.
Amid a chorus of gold mining pundits yelling for investors to snap up cheap gold equities is Ian McAvity, a 50-year veteran of the markets, telling investors to wait.
The planned underground expansions to existing mines, as well as major new underground operations being looked at, means that achieving faster and more efficient development underground is as much at the fore as it has ever been. In this month's im-mining.com 'Spotlight Feature Article', from the pages of the December 2011 issue of International Mining magazine, Editor Paul Moore looks at some advances being made in helping to make faster and more efficient underground mine development a reality.
Mexico’s independent National Human Rights Commission said Wednesday that 90 people have died since 2006 in mine accidents in the northern state of Coahuila, the country’s main coal-producing region, attributing the fatalities to poor safety conditions.
Bitcoin, an alternative to fiat currency, rose fast from its inception in the last three year, but just as quickly unwound. Bitcoin is a peer-to-peer digital currency created in 2009 by Satoshi Nakamoto. No central authority issues new money or manages transactions. Instead, money is generated collectively by a network, also known as miners.
Miners are looking to enter the potash business, or expand existing operations, as they look for increased demand from developing nations such as China, India and Brazil.
Australian gold producer, BCD Resources has announced that it will close its Beaconsfield underground gold mine next year as today's gold price it is not viable to mine below the current depth of 1210 metres, said CEO Peter Thompson. The announcement comes nearly a year after the mine retrenched close to 100 workers in an attempt to make it profitable. Currently, over 150 people work in the mine, 103 of them being full-time employees, as well as 16 casuals and 32 contractors.
Fearing water contamination and pollution, over ten thousand people in Cajamarca, Peru are taking part in protests against mining plans by US-company Newmont Mining Corporation.
Century Iron Mines, an iron ore miner with projects in Quebec and Newfoundland and Labrador, has reached a $120 million development deal with WISCO Resources, one of the third largest steel producer in China. WISCO Resources, which holds an approximate 25% interest in Century Iron, will invest $120 million in exchange for a 40% interest in three of Century Iron Mines' projects, Duncan Lake, Attikamagen and Sunny Lake. Funds will be used for exploration and development. WISCO Resources is a major subsidiaries of Wuhan Iron & Steel Corporation, headquartered in Wuhan in the province of Hubei in the People's Republic of China.