Mechel agreed to supply Elga coal to Chinese Jidong Cement

MINEX FORUM | December 21, 2016
img0 Image: http://www.russianfareast-news.ru/ Mechel PAO (MICEX: MTLR, NYSE: MTL) signed a memorandum for supply of the Elga deposit’s coal with China’s Jidong Cement, one of the world’s top five cement producers, Mechel reported. According to the memorandum, Mechel will supply its Chinese partners from two to three million tonnes of steam coal (up to 250,000 tonnes monthly) ...

Mining productivity: Why people still matter more than machines

MINEX Forum | November 7, 2016
img0 Image: cnn.com Digitalisation and automatization are the new buzzwords in mining, as the mining community desperately is looking for ways to increase productivity levels. Equipment manufactures and software companies are releasing new products for mining 4.0 in an effort to increase fledging sales. But too little attention is given to the human factor. Without transforming ...

Rio is looking for junior miners

MINEX Forum | August 2, 2016
img0 Rio is slowly building up its global exploration budget after slashing it by more than $1 billion in 2012 following major writedowns. The company is now focusing its efforts on OECD countries and wants to carry out greenfields exploration to ensure it has a pipeline of high quality options to grow its business, news.com.au reported.”The best ...

State must face reality of job losses in mining

Leon Louw | July 13, 2016
img0 Image: Associated Press Source: http://www.bdlive.co.za/opinion/columnists/2016/07/13/state-must-face-reality-of-job-losses-in-mining Unemployment is desirable. That is what I told the Minerals Petroleum Board when I gave evidence on “the surge in job losses in the mining industry”. They might regret having invited me, but I hope not. They were congenial, probing and attentive. They raised challenging questions to which my responses seemed well-received. Most ...