FLSmidth now the official owner of Sandvik Mining Systems

MINEX FORUM | March 2, 2018
img0 Denmark’s FLSmidth completed Wednesday the acquisition of Sandvik’s Mining Systems unit with the transfer of the assets in South Africa, which were awaiting merger control clearance With the deal, FLSmidth has taken over the Swedish equipment and tool manufacturer’s continuous surface mining and minerals handling technologies, which strengthen the company’s core minerals business, it said in a ...

Lydian International shareholders respond to concerns of Armenian nature protection activists

MINEX FORUM | March 2, 2018
img0 Major shareholders of Lydian International have responded to concerns of Armenian nature preservation activists over environmental hazards, businesshumanrights.org reported. Recently the Armenian Nature Preservation Front, a nature protection organization, addressed an open letter to Lydian International’s major shareholders citing the concerns of independent experts over the Amulsar gold mine. According to the concerns, the Lydian ...

Museveni meets Kazakhstan investors

MINEX FORUM | March 2, 2018
img0 Sobotka told the President that his company wants to invest in the extraction of copper and cobalt in Uganda, according to a release from State House. President Yoweri Museveni shakes hands with the investor from Kazakhstan, Benedict Sobotka, the chief executive officer of Eurasian Natural Resources Corporation at State House, Entebbe on February 27, 2018. ...

PENETRON Stops the Freeze in Arctic Russia

MINEX FORUM | March 2, 2018
img0 Norilsk Nickel reopens: Located in Norilsk in Siberia, the world’s northernmost city above the Arctic Circle, the new plant counts on PENETRON technology to protect against the extreme climate. Because of the ubiquity of freeze-thaw cycles that result in cracked & failing concrete structures, PENETRON’s crystalline technology is a vital part of project specifications across ...

Ukraine, Denmark sign agreement on further cooperation within energy center

MINEX FORUM | March 2, 2018
img0 Minister of Energy and Coal Industry of Ukraine Ihor Nasalyk and Ambassador of the Kingdom of Denmark to Ukraine Ruben Madsen signed an agreement on further cooperation in the development and activities of the Ukrainian-Danish Energy Center (UDEC). This was reported by the Governmental portal. “I highly appreciate the support of the Kingdom of Denmark in the ...

Depending on China and Russia for key minerals could lead to a national security crisis

MINEX FORUM | March 2, 2018
img0 U.S. intelligence officials warned Congress last week that China poses a major security threat to the United States. Speaking before the Senate Intelligence Committee, FBI Director Christopher Wray said that China is seeking to undermine America’s military, economic, cultural, and information power across the globe and urged Congress to view China as a “whole-of-society threat.” A major ...

Russia Must Not Fall Behind In Technology, Says Putin

MINEX FORUM | March 2, 2018
img0 Russia’s president, Vladimir Putin, re-emphasized the need for blockchain development not to fall behind, during a meeting with the president of Sberbank, Herman Gref. In response, Putin, without specifically mentioning blockchain, brings up the question of why Russia needs this industry, when he then says that the industry is developing well in Russia and has ...

Baker Steel excited about potential in new A$10mln coking coal investment

MINEX FORUM | March 2, 2018
img0 Baker Steel Resources Investment Trust’s (LON:BSRT) Trevor Steel discusses the decision by Polar Acquisition Limited, one of the most significant investments held by Baker Steel, to sell its interest in the Prognoz silver mine in Russia to Polymetal International PLC. At the January monthly update, Polar Acquisition represented just under 38% of Baker Steel’s net asset value. ...