Mining News - Screening required for Red Dog workersFri, 27 Mar 2020 03:57:00 GMT
Teck Resources Ltd. March 16 said it has initiated measures to slow the spread of COVID-19 that include remote work, travel restrictions and other protocols. These protocols include pre-flight virus screenings for all personnel travelling to its Red Dog zinc mine in Northwestern Alaska. 'Teck is working diligently to closely monitor the recommendations of health officials and update all...
Iron ore supply shock to offset EU demand collapse: analystFri, 27 Mar 2020 00:00:00 GMT
The iron ore sector is about to face a supply shock which should limit its expected second quarter price fall even as steelmaking activity wanes in Europe, analysts at broker Jefferies said Wednesday. Supply disruptions (from COVID-19 production curbs) in India, South Africa and Canada alone will temporarily impact as much as 120 million mt/year of iron ore supply, which equates to 8% of seaborne supply and would be similar in magnitude to the peak of the 2019 supply shock following the
Iron ore miners set to profit from shutdown exemptionFri, 27 Mar 2020 00:00:00 GMT
Fortescue Metals chairman and major shareholder Andrew Forrest has recouped a small part of his more than $1 billion loss from the initial crash in the value of the iron ore miners shares with some well-timed purchases. Mr Forrest spent more than $35 million in buying 4 million shares at an average price of $8.79. Fortescue stock was on Thursday trading about 25 per cent up at $10.69 after the company reaffirmed export guidance this week and news emerged that major overseas competitors may
State resource sectors respond to coronavirus impactFri, 27 Mar 2020 00:00:00 GMT
State resource sectors across Australia have responded to the coronavirus impact on mining, putting contingency plans in place to stabilise the industry amid evolving travel bans in the country.
Russia: Polymetal sells assets of Sopka fieldThu, 26 Mar 2020 00:00:00 GMT
Russian precious metals producer Polymetal International has raised 800 million rubles and a 1% net smelter return from the sale of assets of the Sopka field, the company said in a statement on March 26. The assets were united in company Irbychan Gold with non-core assets of the Omolonsky hub. Production at the assets stopped
Russia: Novatek power scheme for gold and copper project pickedThu, 26 Mar 2020 00:00:00 GMT
The government is ready to approve Novateks project of a floating power plant running on liquefied natural gas (LNG) as a power source for the Baimsky GOK ore-dressing plant owned by KAZ Minerals. The copper and gold project needs a total of up to 350 megawatts of new generation, including a capacity reserve. The constructio
Silver Viper CEO Steve Cope: Were into World-class, High-grade ...Thu, 26 Mar 2020 00:00:00 GMT
Silver Viper CEO Steve Cope: Were into World-class, High-grade Mineralization in Mexico Silver Viper CEO Steve Cope discusses the companys string of positive drill results at its La Virginia gold-silver exploration project...
Set to be the next vanadium producer in 2019Wed, 25 Mar 2020 19:19:02 GMT
Uranium demand is forecast to increase strongly in future years assuming nuclear power plants continue to be built. At the current low uranium spot prices uranium miners are not profitable, which is leading to a rapid fall in uranium supply and stockpiles.
Metal manufacturers to President Trump: End Section 232 steel ...Wed, 25 Mar 2020 14:00:00 GMT
The Coalition of American Metal Manufacturers and Users has issued the following statement: The Coalition of American Metal Manufacturers and Users (CAMMU) strongly urges the Trump administration to immediately terminate the Section 232 steel and aluminum tariffs to help U.S.
Column: Zinc 2020 benchmark smelter terms may already be outdatedWed, 25 Mar 2020 00:00:00 GMT
This years benchmark zinc smelter treatment charges have been set at a 12-year high of $299.75 per tonne, according to Fastmarkets. This is not surprising. The spot market has swung even higher in recent months as a surplus of mined zinc concentrate works in favour of smelters,
Evraz steel sales rise on higher output in Q4Tue, 24 Mar 2020 20:33:11 GMT
Miner Evraz reported a rise in quarterly steel sales in the fourth quarter of last year, as output was bolstered by higher production volumes at its steel mill in Russia after scheduled
Quebec, Ontario miners respond to non-essential business bansTue, 24 Mar 2020 08:00:00 GMT
Quebec-based Champion Iron says it will scale down iron ore operations at Bloom Lake following a directive from the Quebec government ... USA-based Hecla Mining announced it was suspending Casa
Century Aluminum announces Hawesville labor contract extension ...Tue, 24 Mar 2020 00:00:00 GMT
Century Aluminum Company announced that the company and United Steel Workers Local 9423 (which represents hourly employees at the companys Hawesville, Kentucky smelter) have agreed to a one year extension of the labor contract set to expire on April 1, 2020. The extension was ratified by USW 9423 members on March 23,
CIL must add 22k jobs, get more land to hit 1 billion tonne production ...Tue, 24 Mar 2020 00:00:00 GMT
Coal India provides jobs to one or two members of affected families. Often, people demand jobs for every family member, and at times refuse to part with land, lading to delays and cost overruns. Centre has estimated the number of jobs demanded in lieu of land to be in excess of 85,000. If offered, it would raise manpower costs and hurt productivity.
Coronavirus slows development at Rio Tinto's Oyu Tolgoi copper ...Mon, 23 Mar 2020 22:49:59 GMT
Rio Tinto said the development of its Oyu Tolgoi copper mine in Mongolia has been slowed by government restrictions imposed to combat the spread of the coronavirus. The mining giant said
Sandvik Completes The Divestment Of Sandvik DrillingMon, 23 Mar 2020 00:00:00 GMT
Sandvik completes the divestment of Sandvik Drilling Sandvik has completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water...
ERA assesses effect of NT restrictions on RangerMon, 23 Mar 2020 00:00:00 GMT
Energy Resources of Australia (ERA) has maintained the Ranger uranium mines 2020 production guidance, as the company investigates the impact of Northern Territory travel restrictions on operations.
Russia: Izhstal output up in February 2020Mon, 23 Mar 2020 00:00:00 GMT
In February, Izhstal produced almost 28 thousand tons of steel, up by 17% YoY and by 26% MoM. Sales grew by 7%. Izhstal products were shipped to machine-building, aviation, oil and mining companies, as well as manufacturers of special machines. (Ukrainian metal)
Russia: HGM produces first gold ingot at KekuraMon, 23 Mar 2020 00:00:00 GMT
According to Highland Gold Mining Limited, on March 10, the first gold ingot was produced at Kekura. The weight of the ingot, produced at the modernized machine, was 1.4 kg. Excavation began last October. The capacity of the machine is 120 thousand tons of ore per year. Extraction is expected at the level of 35%.
Russia: 11 alluvial gold sites auctioned in Amur regionMon, 23 Mar 2020 00:00:00 GMT
Gold-extracting companies in Amur region participated in auctions on the sale of 11 alluvial gold deposits on March 18. The Irmakit miners team paid 15.29 million rubles for the license to develop a site in the Grebneviy Brook valley with the expected reserves of 329.7 kg of gold. The price paid exceeded the initial price
Russia: Elkonskiy Works buys Sovinoye gold deposit licenseFri, 20 Mar 2020 00:00:00 GMT
Elkonskiy Iron and Steel Works has purchased a license to develop and extract gold at the Sovinoye deposit. The cost of the license is 24.2 million rubles. The reserves of the deposit are estimated at 10 tons of gold with the average content of 10 g per ton. The Sovinoye deposit is situated in Chukotka
Coronavirus, US-China trade negotiations to keep base metal prices ...Thu, 19 Mar 2020 19:19:01 GMT
Prices may gradually improve as the pandemic is contained and the second phase of US-China trade negotiations is concluded, the rating agency said in a statement. As part of its study, the agency has covered the copper, zinc, aluminium and coal sectors.
Number of news reports: 22