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Category: International

Court orders South Africa government to clean up air in coal belt 1 Coal International 

Court orders South Africa government to clean up air in coal belt

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A South African court on Friday upheld a complaint by activists that poor air quality in the coal belt is a breach of constitutional rights, giving the environment minister a year to enforce a clean air plan. South Africa’s coal belt, east of the capital Pretoria and main city Johannesburg is home to an estimated 3.6 million people, as well as a dozen Eskom coal-fired power stations and some Sasol petrochemicals plants. Activists, scientists and doctors, as well as a United Nations human rights expert have argued that the epidemic… Read More Here
Barrick Expands Global Footprint in Hunt for High-Quality Assets 2 International Gold Mining Companies 

Barrick Expands Global Footprint in Hunt for High-Quality Assets

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Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is continuing to invest in its future through the development of capital projects that will expand and enhance an operating platform which already holds some of the industry’s best assets, says president and chief executive Mark Bristow. Writing in the company’s  2021 annual report published today, Bristow says that, while building on this value foundation, Barrick was also expanding its presence into new prospective areas in its hunt for high-quality assets. “A specialist Asia-Pacific team, set up to look at opportunities in that region, has acquired… Read More Here
World: Ukraine-Russia war, four products exported by the two countries should experience a price increase 3 International Energy 

World: Ukraine-Russia war, four products exported by the two countries should experience a price increase

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With the Russian invasion in Ukraine, the various commodity markets around the world were shaken. According to several analysts, commodity prices also rose due to supply disruptions caused by the Russian invasion. A situation that has blocked the flow of grain and metals from the region. Given the strategic role that Russia and Ukraine play in international commodity markets, both are major exporters of commodities such as wheat and grains, petroleum, natural gas, coal, gold and other precious metals. Below are the main export products from Ukraine and Russia whose distribution… Read More Here
DRA Water appointed by Seriti Power to develop a 2MLD Water Plant 4 International 

DRA Water appointed by Seriti Power to develop a 2MLD Water Plant

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In 2018, DRA Water was appointed by Seriti Power to develop a 2MLD high recovery mine water treatment plant for their Klipspruit Open Cast Operation in South Africa. The project scope included the design, fabrication, construction and commissioning of the 2MLD mine water treatment plant to meet the objectives set by the client. DRA’s engineers developed a two-stage membrane process with interstage solids conditioning to meet the stringent environmental discharge specification and achieved a water recovery of >98%. DRA has years of experience in developing high recovery solutions delivering great… Read More Here
New Sandvik digital tools helping on-site mining equipment technicians tap into global expertise remotely 5 Equipment & Technology International Mining technology 

New Sandvik digital tools helping on-site mining equipment technicians tap into global expertise remotely

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A new app is helping Sandvik field service engineers solve even the most complex problems, no matter where in the world they are. Technology is great, but at some point, a technician needs to do actual work on a machine. But what if technology and practicality could work together? That’s exactly what is happening at Sandvik, with a whole host of new digital tools now helping technicians do their jobs better and faster. Virtual reality training and digital inspections are good examples of ways to keep machines up and running… Read More Here
Metso Outotec reports 31% leap in orders 6 Equipment & Technology International 

Metso Outotec reports 31% leap in orders

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Finnish mining equipment maker Metso Outotec has cited strong demand for its products and services as driving a 31% increase in orders last year to a value of €5.4 billion (US$5.9 billion). The company said in its annual report for 2021 that the growth was led by an almost 50% rise in equipment orders across its main three segments – a 20% rise in mineral equipment sales to €3.1 billion, a 108% rise in metals to €919 million, and a 24% increase in aggregate orders to €1.3 billion. “We delivered… Read More Here
Sandvik annual revenues jump 15% 7 Equipment & Technology International Mining technology 

Sandvik annual revenues jump 15%

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Swedish engineering group Sandvik has reported a 15% increase in revenues, buoyed by a string of acquisitions. Among the 14 acquisitions are Australian mine planning software company Deswik, Ohio-based CAD software company Cambrio, Florida-based machine cutting company GWS Tool Group, Oregon-based industrial automation company DWFritz Automation, and China-based round tool company Chuzhou Yungpu Carbide Tools. Sandvik posted revenues of 99.11 billion Swedish crowns, or US$10.49 billion, up from SEK 86.41 billion in 2020. Order intakes amounted to SEK 108.89 billion in 2021, an increase from 2020’s SEK 86.29 billion in 2020.… Read More Here
Copper price rises on Peru supply disruption worries 8 Copper International 

Copper price rises on Peru supply disruption worries

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The copper price rose on Wednesday as supply concerns resurfaced in Peru, the world’s second-biggest producer of the metal after neighboring Chile. Copper for delivery in May rose 2.6% from Monday’s settlement price, touching $4.633 per pound ($10,192 per tonne). Operations at Southern Copper’s Cuajone mine in Peru have been suspended for 15 days as locals continue to block the company’s access to a water reservoir and other key supplies. The blockade began on February 28, when Southern Copper made the decision to replace a 50-year-old water pipe that supplies nearby communities.… Read More Here
Caterpillar autonomously hauls more than 1 billion tonnes of material with Cat Command for hauling in less than a year 9 Equipment & Technology International Mining Equipment 

Caterpillar autonomously hauls more than 1 billion tonnes of material with Cat Command for hauling in less than a year

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For the first time in mining history, trucks equipped with Cat MineStar Command for hauling have autonomously moved more than 1 billion tonnes of material in less than a year. Roughly 1.2 billion tonnes (1.3 billion tons) were autonomously hauled in 2021 using Command for hauling. In total, Command for hauling trucks have autonomously and safely hauled more than 4 billion tonnes (4.4 billion tons) of material since 2013. To date, trucks equipped with Caterpillar’s autonomous haulage system (AHS) have traveled more than 147 million km (91.3 million mi) with… Read More Here
Gold price bounces back after Fed’s rate hike announcement 10 Gold International 

Gold price bounces back after Fed’s rate hike announcement

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Gold steadied on Wednesday after falling to a two-week low earlier as the US Federal Reserve, in a widely expected move, raised interest rates by a quarter of a percentage point. The reversal comes as bullion’s appeal was dimmed by hopes of progress in Russia-Ukraine talks. Earlier, Ukrainian President Volodymyr Zelensky said peace talks were sounding more realistic, even as Russia’s invasion continued. Spot gold rose 0.5% to $1,926.96 an ounce by 5:08 p.m. ET. US gold futures stayed level at $1,927.00 an ounce on the Comex in New York.… Read More Here

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