Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs. A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts[…]

These are top-10 global mining trends expected for 2018

To thrive in the mining industry’s historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.) In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably[…]

Rio Tinto autonomous trucks now hauling a quarter of Pilbara material

Mining giant Rio Tinto’s (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia’s Pilbara region last month, the company said. The figure corresponds to roughly 25% of both ore and waste material hauled last year across the company’s five sites in[…]

Anglo American exits South African coal with sale of New Largo mine

Anglo American (LON:AAL) has officially left the coal sector in South Africa with the sale of its New Largo mine to a group of black-controlled companies. Seriti Resources Pty Ltd., Coalzar Pty Ltd. and South Africa’s Industrial Development are paying Corp. are paying $71 million for the asset, Anglo said in the statement. Last year, Anglo[…]

Ex-Massey Energy CEO and ex-con Blankenship running for US Senate

Ex-Massey Energy CEO Don Blankenship, who served a one-year prison term on charges related to the deadliest US mine disaster, is now officially running for the U.S. Senate in West Virginia. Blankenship kicked off his campaign Thursday night with a town hall meeting for voters in which he vowed to support President Donald Trump’s pro-coal[…]

New International Standard to reduce mining accidents

Light at the end of the tunnel – find out how a new ISO standard can help reduce mine accidents. Source: original ISO article. When an incident does occur in a mine, it can be hard to understand precisely what’s happened. Because many factors are at play, a wide range of accidents can occur. A[…]

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[…]

Awaiting Trump's coal comeback, miners reject retraining

When Mike Sylvester entered a career training center earlier this year in southwestern Pennsylvania, he found more than one hundred federally funded courses covering everything from computer programming to nursing. He settled instead on something familiar: a coal mining course. ”I think there is a coal comeback,” said the 33-year-old son of a miner. Despite[…]

Nova Scotia miners call for better balance in protected areas plan

The Mining Association of Nova Scotia is calling on the provincial government to strike a better balance between protecting jobs and protecting land. “While Nova Scotia’s mining and quarrying industry supports protecting natural lands for future generations, we also believe the provincial government’s Parks and Protected Areas Plan needs to strike a better balance between[…]

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[…]