China wealth fund said to join fray for $2bn Rio Tinto portfolio
The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.
The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.
The nation’s demand for gold jewelry climbed 10 pct last year to almost 700 metric tons as wealthy increased purchases and consumption improved.
A class action suit brought against gold producers in South Africa is likely to be settled "within months" with $755 million going to miners suffering from fatal lung disease
The event is a hackathon with a twist, as startups will pitch their mining technologies to senior level executives from Komatsu Japan, USA, and Australia, and then work closely with Komatsu mentors to prototype their model with the multinational manufacturing giant.
The following graphic discusses key themes of the year such as central bank policy, European unity, China, cryptocurrencies, and emerging markets.
The roll out of automation and artificial intelligence is having a profound impact upon job roles and responsibilities in the mining industry. New tech experienced professionals, many without a background in mining, need to be hired, and existing workers need to transition to roles that will get the most out of the tools. Edumine and Careermine, global mining talent recruitment and development solution providers, are leading the dialogue around this major organizational change and have created a series of whitepapers on how leaders are getting their organizations to embrace technology and its impact on people: 1. Goldcorp plans to use artificial intelligence to choose what holes to drill at its Red Lake Mine in Ontario. The technology will even be used to assess what juniors to acquire and give Goldcorp a competitive advantage. 2. Barrick Gold's head of digital planning will tell you how their company is putting data at the heart of the business by getting its staff to break data out of silos and put it in the cloud where it can be shared and modelled by the entire organization. 3. Learn how companies are using artificial intelligence to model geological data and make faster and better exploration decisions. 4. Read an open letter to Millennials telling them why mining is one of the most exciting fields to choose. Millennials can make an impactful and profound change while leading the digital revolution within mining and also make the industry more sustainable. Digital transformation is happening now as the industry works to drive productivity and profitability. Mining leaders are not only transitioning their staff to new roles, but they are also actively hiring new talent, such as software developers and data scientists. At the industry hiring site Careermine, there are six new postings for data scientists and over 70 postings for automation development, all posted in the past month. "We are seeing a marked increase in jobs that require some artificial intelligence or automation-specific skills," says Johann Robertson, division leader at Careermine. Robertson noted some recent examples: Rio Tinto is looking for a remote operations controller, Caterpillar would like to hire an automation engineer, and ERM needs data scientists. To onboard younger professionals who may not be familiar with the mining industry or develop current staff, companies like Rio Tinto, Newmont, and Kinross have set up online campuses through Edumine, a professional training provider. Courses range from beginner subjects like Mining 101 to advanced topics such as tailings management. The future is intelligent. Learn how to lead your organization and create a digital transformation. Edumine Edumine, a division of Glacier Media Mining Group, is the world's leading provider of training and education to the mining industry. They offer individuals, corporations, and educators effective solutions based on their training, continuing education, and professional development needs. Edumine offers courses in three formats: convenient distance learning through self-paced online courses, interactive live webcasts, and traditional face-to-face short courses. Edumine passionately believes that training is a key enabler to a sustainable mining industry. They listen to clients and work with them to develop tailored training and education solutions, leveraging strong relationships with universities, other training providers, and technology partners when required. Careermine Careermine, a division of Glacier Media Mining Group, provides the ideal platform for job seekers to find employment opportunities and interact with companies and recruiters who are hiring. Companies in the mining industry can showcase their employment opportunities, company profile, and career paths for both graduates and those already working in the industry. Glacier Media Glacier Media Inc. is an information and marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. Glacier’s strategy is implemented through two operational areas: content and marketing solutions; and data, analytics, and intelligence.
Their main function would be to move through collapsing, rubble-strewn tunnels at mine sites to map them and analyze pollutants in groundwater.
Years of relentless stock-market rallying to endless new record highs have left gold deeply out of favor. But this gold-demand ebb is ending.
So far, repeal of the Clean Power Plan has not really equated with putting coal miners back to work, something Trump has pledged to do again and again.
Mining and metal companies are rediscovering the downside of rallying prices: higher costs.