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[…]

Nova Scotia miners offer more than $8,000 cash to students who can prove industry ‘rocks’

As a way of rising awareness and interest in mining awareness among junior high and high school students in Nova Scotia, Canada, a provincial industry group is offering over $8000 in cash prizes to kids with some basic video skills. The Mining ROCKS! contest, now in its fourth year, hopes to inspire children to learn about[…]

Glencore to spend $956M to increase stake in Peru's largest zinc producer

Miner and commodities trader Glencore (LON:GLEN) is buying 26.73% of the voting shares in Peru’s largest zinc producer, Volcan Compañía Minera SAA, in a deal worth at least $531 million. The Swiss company will pay $1.215 per class A common share, which will help it boost its current 7.68% interest in Volcan and which could[…]

Rio Tinto back on track to haul iron ore in driverless trains in 2018

Rio Tinto (ASX, LON:RIO), the world No.2 iron ore miner, is closer than ever to having a network of driverless trains in Western Australia as it has completed its first long-haul journey with a completely autonomous locomotive. The milestone trip, spanning nearly 100 km (60 miles) with trains operated by individuals in an air-conditioned control room[…]

More than 200 workers to go at Sandvik Materials Technology unit

Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) is letting go 210 white-collar employees at its Materials Technology unit (SMT), located in Sandviken, about 190 km north of Stockholm. The decision comes as tougher competition from Asian suppliers, pressure on prices and a sustained weakness in the oil an gas sector have all hit the business, the[…]

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

Rio Tinto (ASX, LON:RIO), the world’s second largest miner, gave its shareholders an early Christmas present Wednesday as it declared its biggest interim dividend in the company’s 144-year history, thanks to climbing commodity prices that made first-half profit jump an impressive 93%. The Anglo-Australian company also said it will increase its share buy-back program this[…]