Category: MINING

By Neil Hume

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/e6cc8521-9156-4ac4-bf87-1c9ad2e48339

The mining industry underlined its status as one of the hottest spots in a global economy battling back from the pandemic after BHP declared a record dividend and Glencore said it would resume payouts to investors. A blistering run in the price of commodities from their Covid lows in March is fuelling speculation that the world may be in the first leg of a supercycle, fanned by robust appetite in China and expected demand from elsewhere as governments plan large infrastructure projects to help revive growth.

To read more:

By Paul Moore 

FLSmidth today announces that it is in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business – this would be the biggest deal in mining technology since Metso merged with Outotec. The negotiations, however, are at a non-binding stage. The statement said: “Accordingly, there can be no assurances as to whether and when a transaction will transpire. Any transaction, if entered into, would be subject to, amongst other, statutory clearances from authorities, including approvals from merger control authorities.” The thyssenkrupp mining business comes under thyssenkrupp Industrial Solutions.

To read more:

By VOA News

Rescuers are trying to reach at least 30 miners in Zimbabwe trapped underground after a shaft in an outdated gold mine collapsed.

Relatives of those trapped have been holding vigil since late Wednesday, when the accident occurred in the town of Bindura, well north of the capital, Harare.

The French news agency Agence France-Presse reports the head of Zimbabwe’s miners’ federation, Wellington Takavarasha, said Thursday that six people have been rescued.

To read more:

By Taufik Wijaya 

Eleven road construction workers were killed on Oct. 21 by a landslide at an illegal coal mining site in Indonesia’s South Sumatra province.

The workers were found buried under soil from a hill above the road, although there were no rains or other weather conditions that might otherwise have triggered a landslide at the time of the incident.

The accident, which occurred in Penyandingan village, is the latest in a series of incidents involving illegal coal mining in the province.

To read more:

By Chip Somodevilla

Democratic presidential nominee Joe Biden may be against the further proliferation of fossil fuels, but observers have said a different part of the natural resource economy could get a lift if he bests President Donald Trump in the U.S. election in November: the metals and mining sector.

Trump ran for president in 2016 on a populist economic message that promised the return of a diminished U.S. industrial workforce, including the mining sector. While his government slashed environmental rules in the name of saving U.S. jobs, it was not a saving grace for the mining industry. U.S. coal mining jobs sunk to record lows, and the mining sector in general has hemorrhaged jobs since the start of the coronavirus pandemic. Meanwhile, Trump administration policy objectives that could fuel domestic demand for metals, such as an infrastructure program, have yet to manifest.

To read more:

By MINING.com

The € 8.9 million Horizon 2020 project “illuMINEation” is set to kick-off in September with a vision to tap the full potential a “digital mine” offers by embedding digital thinking into the heart of the mining business, by improving digital skills of mining personnel and by enhancing cooperation along the entire digital mining value chain.

Europe needs to reduce its import dependency in respect to a multitude of raw materials. To do so, Europe’s mining industry must completely redesign the process of traditional mining via the adoption of pioneering innovations, accompanied by extensive use of data analytics and new types of Industrial Internet of Things (IIoT).

To read more:

By Heidi Vella

India is energy hungry. The country, and its roughly 1.3 billion inhabitants, is the third largest energy consumer in the world and it is estimated to have the fastest growing power needs of any nation.

Around three-quarters of India’s electricity supply comes from coal-fired power stations, a number of which are fed by pricey imports. To boost domestic supply, the government is opening up the country’s vast coal reserves to commercial development.

To read more:

By Yoana Cholteeva

The mining industry has seen an increasing interest in the mineral potential of oceans with rock formations on the seafloor, including ferromanganese crusts, manganese nodules, marine phosphorites, and seafloor massive sulphides, among others.

Since the 1970s, the US Geological Survey (USGS) has been investigating marine mineral potential,  focused on the US’ exclusive economic zone (EEZ), which extends 200 miles from the country’s shoreline and allows control over the exploration and exploitation of marine resources in the area.

While the USGS’s main focus has changed over the years, in 2018, President Trump’s Federal Strategy on Critical Minerals issued a list of 35 mineral commoditiesdeemed critical to the economy and security of the country.

To read more:

By JILL LANGLOIS

SÃO PAULO, BRAZILThe mosquitoes come in swarms not long after the forest burns.

As they scorch one patch of trees after another, the miners carve deep pits into the cleared land to extract gold. Many of these excavations encroach on protected land near the clearings, destroying even more of the forest cover the people who live there depend on. The cavernous craters fill with water, which becomes even more stagnant once the mines are abandoned. It is there that mosquito-borne illnesses, like malaria, begin to spread more easily.

To read more:

By Henry Lazenby

Northern Dynasty Minerals’ Pebble Limited Partnership said last week it was confident the US Army Corps of Engineers’ final environmental impact statement for the controversial Pebble copper-gold-molybdenum project in southwest Alaska was the last word on a 15-year saga, after President Donald Trump said the White House would review the decision in an effort to hear “both sides of the issue”.

Earlier last week, his son Trump Jr came out on social media signalling his opposition to the mega-project.

To read more: