Turkmenistan is about to launch two fertilizer plants

MINEX FORUM | January 30, 2017
img0 Central Asia’s biggest industrial complex with an annual capacity of 1.4 million tons of potash fertilizer is being built in an area exceeding one hundred hectares in Turkmenistan’s Lebap Province, trend.az reported with reference to the Neutral Turkmenistan newspaper. The ore-dressing and processing enterprise will be put into operation in late March. Currently, preparation is being ...

Stans Energy to try win back compensations from Kyrgyzstan in UN Permanent Court of Arbitration

MINEX FORUM | January 30, 2017
img0 Canadian-based rare earths and lithium junior Stans Energy (TSX-V:HRE), said the UN Permanent Court of Arbitration won’t dismiss its claim for compensation from the Kyrgyz Republic for revoking its mining licences in 2014, mining.com said. The decision means the $210 million arbitration against the Kyrgyz Republic will advance to the merits stage, the company said. “We ...

Uzbekistan’s reforms to tackle previously existing challenges in the mining sector

MINEX Forum | January 26, 2017
img0 After 25 years of authoritarian rule, elected on 6 December 2017 the new President of Uzbekistan is launching reforms to address pressing economic and social issues. The creation of free conversation of the national currency is the cornerstone of the reform. President’s Mirziyoyev’s aspirations to open up the country to the international markets has caught ...

Uranium mining legacy fund, Precondition for EBRD project implementation in Kyrgyzstan and Tajikistan

MINEX FORUM | January 26, 2017
img0 Image: ekathimerini.com The EBRD’s latest nuclear safety fund is making progress. Framework agreements have been signed with the Kyrgyz Republic and Tajikistan which will provide the legal basis for implementation of projects in these countries. The purpose of the “Environmental Remediation Account for Central Asia” is to support measures to deal with the legacy of Soviet-era uranium ...

Caterpillar expands its driverless technologies to other brands

MINEX FORUM | January 20, 2017
img0 Caterpillar is developing autonomous mining truck technology for an expanded range of models, including other brands, miningglobal.com reported. At a recent Cat® MineStar™ Command for hauling demonstration at the company’s facility in Arizona, Caterpillar announced a project to adapt hardware and software for retrofitting the Komatsu 930E mining truck with Cat autonomous technology. This interoperability ...

SouthGobi Resources got a clime from its fuel supplier of US$ 8.9 million

MINEX FORUM | January 20, 2017
img0 Image: South Gobi Resources SouthGobi Resources Ltd. (SGQ.TO)(1878.HK) reported that SouthGobi Sands LLC (“SGS”), a subsidiary of the Company, has received a lawsuit notice from the Khan-Uul District Civil Court of First Instance in Mongolia (the “Court”) in relation to a claim from Magnai Trade LLC (“MT”), a fuel supplier of SGS, of MNT 22.2 billion ...

Cornish Lithium Limited is about to become the leading lithium company in the UK

MINEX FORUM | January 19, 2017
img0 Image: businesscornwall.co.uk Newcomer Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall from Canadian junior Strongbow Exploration (TSX-V:SBW). With the deal, the start-up led by the head of mining research at Investec Plc, Jeremy Wrathall, is ...

Avrupa Minerals to prepare projects for potential JV partners

MINEX FORUM | January 19, 2017
img0 Image: streetwisereports.com Avrupa Minerals Ltd. (AVU:TSXV) announced an overview of the Company’s progress during 2016 and an outline of planned activities for 2017.  Base metal prices increased across the board, making Avrupa’s copper and zinc projects in southern Portugal more attractive for potential joint venture in 2017.  The Company was successful in 2016, delivering a number of ...

Rio Tinto decreased copper production in Indonesia, US and Mongolia. An outlook is uncertain

MINEX FORUM | January 19, 2017
img0 Image: mining.com Rio Tinto has missed 2016 copper production guidance because of problems at Indonesian, US and Mongolian mines, resulting in an uncertain production outlook for this year, just as prices of the industrial metal show signs of recovery, theaustralian.com.au reported. In its fourth quarter production report released this morning, the mining giant (RIO) logged full-year ...

Serbia need a restructuring plan for loss-making state mines to get the IMF loan

MINEX FORUM | January 18, 2017
img0 Image: energovg.rs Serbia hopes to discuss a new loan agreement with the International Monetary Fund in the spring, Prime Minister Aleksandar Vucic said on Wednesday. Serbia’s 1.2 billion-euro loan agreement with the IMF is due to end in February 2018, oann.com reported with reference to Reuters. “We were very satisfied with the results we achieved through that ...

Half of today’s work activities could be automated by 2055 – McKinsey

MINEX FORUM | January 17, 2017
img0 The McKinsey Global Institute (MGI) issued the report “A future that works: automation, employment, and productivity” which assesses the  economic impact of these factors. Advances in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of work activities, including ones requiring ...