Ink from ancient Egyptian papyri contains copper

A new study by researchers at the University of Copenhagen revealed that the brownish colour that shows up in many papyrus scrolls from ancient Egypt came from copper-infused ink, as opposed to just carbon ink. Using advanced synchrotron radiation-based X-ray microscopy equipment, the Danish scientists were able to identify the presence of copper in inks[…]

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

Former Xstrata chief executive Mick Davis, the current leader of Britain’s ruling Conservative Party, is said to be the frontrunner to become Rio Tinto’s new chairman. People familiar with the matter told Sky News the South African-born businessman has held talks with Rio over the position held until the end of the year by retiring chairman Jan[…]

Indonesia warns of tough response after Papuan rebels threaten Freeport

Indonesia’s military said on Friday it was prepared to take tough measures against rebels who have threatened to “destroy” mining operations of Freeport-McMoRan Inc in the eastern province of Papua in their struggle for independence. Police say an armed separatist group linked to the Free Papua Movement (OPM) is preventing about 1,000 people in five[…]

Armed separatists occupy villages near Freeport's Indonesia mine

Armed separatists have occupied five villages in Indonesia’s Papua province, threatening to disrupt Freeport-McMoRan Inc’s giant Grasberg copper mine, which has already been hit this year by labor unrest and a dispute over operating rights. A state of emergency has been declared and around 300 additional security forces have been deployed to the mining area[…]

Canadian junior miners worth jumps for second year in a row

The rising number of exploration projects, equity and debt financings, as well as mergers and acquisitions, indicates a renewed confidence in the junior sector. (Image: Pure Gold Mining’s Madsen gold project in Ontario’s Red Lake gold camp.) After years of struggling following a drop in commodity prices, Canadian junior miners are seeing renewed confidence in[…]

Glencore raises marketing guidance, lowers output

LONDON, Oct 30 (Reuters) – Glencore on Monday cut its output forecast for core commodities including zinc, but raised its marketing division’s full-year earnings before interest and tax (EBIT) to between $2.6 billion and $2.8 billion, reflecting higher raw materials prices. Its previous 2017 marketing, or trading, EBIT guidance was $2.4 billion to $2.7 billion,[…]

Why did this slide wipe $1.3B from Teck's market value?

Vancouver-based Teck Resources, Canada’s largest diversified miner which is close to completing a major oil sands project, reported on Thursday a nearly four-fold increase in quarterly profits. The metallurgical coal business of Teck, also a major copper and zinc producer, accounted for 72% of its gross profits during the first nine months of the year. Operationally[…]

Teck Resources shares fall on weaker own coal price outlook

VANCOUVER, Oct 26 (Reuters) – Canada’s Teck Resources Ltd reported weaker-than-expected third-quarter earnings on Thursday and forecast softer prices for its coal in the fourth quarter, sending its shares tumbling more than 8 percent. Teck, the world’s second-biggest exporter of steelmaking coal, said it expects a larger proportion of its coal sales in the fourth[…]

UNEP urges mining companies to better manage tailings facilities

The United Nations Environmental Programme released a report titled “Mine tailings storage: safety is no accident,” where the organization urges mining companies to put safety first and avoid erecting dams using methods that are known to be high risk. “The United Nations Environment Rapid Response Assessment on mine tailings looks at why existing engineering and[…]

New tool helps industry collect and share geoscience data

The Prospectors & Developers Association of Canada (PDAC) is gearing up to launch the Exploration Assessment Digital Data Formats (EADDF) guidelines, a practice that is expected to improve discovery rates of mineral exploration in Canada. The guidelines propose a uniform national standard for digital data submission for jurisdictional mine recording offices. “The idea behind the[…]