Atalaya Mining achieved positive cash flows from operating activities in the first quarter

David McHutchon | May 26, 2017
img0 Atalaya Mining Plc announced the unaudited management’s review and condensed interim consolidated financial statements 31 march 2017. Atalaya maintains its copper production guidance of 34,000 to 40,000 tonnes for 2017.  Copper production during Q1 2017 was 8,805 tonnes in concentrate, maintaining similar production levels of the previous quarter (Q4 2016: 8,938 tonnes). Q1 2016 copper in ...

Alexey Mordashov increased his interest in Nordgold to 98%

David McHutchon | May 5, 2017
img0 Image: kommersant.ru Nordgold, the internationally diversified gold producer, announced that a total of 28,763,465 GDRs, which were purchased in accordance with GDR Buyback process of the Tender Offer closed on 16 March 2017, have been withdrawn from the GDR programme and the treasury shares representing such GDRs subsequently cancelled on 4 May 2017. Following this ...

Glencore appointed Martin Gilbert as an Independent Non-Executive Director

David McHutchon | May 5, 2017
img0 Image: ft.com The Board of Glencore plc announces the appointment of Martin Gilbert as an Independent Non-Executive Director of the Company with immediate effect. Martin Gilbert is a co-founder and Chief Executive of Aberdeen Asset Management PLC, the holding company of the fund management group that was established in 1983. Mr. Gilbert was appointed Chairman of ...

Poland takes measure deep-sea mining

David McHutchon | March 6, 2017
img0   Image: austmine.com.au Poland has a sort of submarine plot located 500 miles southeast of Hawaii toward Mexico. It may start deep-sea mining in the Pacific ocean. It has an area of 75,000 km2, which roughly equates to one quarter of Poland’s surface, thenews.pl reported. A Polish-based consortium has received permits from the International Seabed Authority ...

Kazakhstan from the foreign consultant’s point of view

David McHutchon | March 3, 2017
img0 Image: in-mining.com Marnie Pascoe is Director, Geotechnical Manager, Principal Geotechnical Engineer with AMC Consultants. She has been working in Kazakhstan (as pictured) and has provided this interesting report, published firstly on im-mining.com. The country is the largest of the Central-Asian states that were formally part of the USSR. “It is famous as the host for the ...

Adventus Zinc is seeking a partner to share the equipment mobilization costs

David McHutchon | March 2, 2017
img0 Image: northernminer.com Adventus Zinc Corporation (TSX-V:ADZN) announced the appointment of Sam Leung as Vice President, Corporate Development effective March 1, 2017, the company reported. Sam is joining Adventus Zinc from Lundin Mining where he played a key role in that company’s evaluation and completion of several successful acquisitions over the last number of years. Sam is ...

Mechel agreed to supply Elga coal to Chinese Jidong Cement

David McHutchon | December 21, 2016
img0 Image: http://www.russianfareast-news.ru/ Mechel PAO (MICEX: MTLR, NYSE: MTL) signed a memorandum for supply of the Elga deposit’s coal with China’s Jidong Cement, one of the world’s top five cement producers, Mechel reported. According to the memorandum, Mechel will supply its Chinese partners from two to three million tonnes of steam coal (up to 250,000 tonnes monthly) ...

Mining productivity: Why people still matter more than machines

MINEX Forum | November 7, 2016
img0 Image: cnn.com Digitalisation and automatization are the new buzzwords in mining, as the mining community desperately is looking for ways to increase productivity levels. Equipment manufactures and software companies are releasing new products for mining 4.0 in an effort to increase fledging sales. But too little attention is given to the human factor. Without transforming ...

Rio is looking for junior miners

MINEX Forum | August 2, 2016
img0 Rio is slowly building up its global exploration budget after slashing it by more than $1 billion in 2012 following major writedowns. The company is now focusing its efforts on OECD countries and wants to carry out greenfields exploration to ensure it has a pipeline of high quality options to grow its business, news.com.au reported.”The best ...