Glencore purchased Mutanga and Katanga for US$534 million in cash and debt

MINEX FORUM | February 14, 2017
img0 Glencore purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”), Glencore reported. The consideration for the Mutanda Shares and the Katanga Shares has been determined based on an analysis by BMO ...

2016 Commodity Waves

MINEX FORUM | January 9, 2017
img0 It was an up and down year for commodities, but things ultimately finished in the black. The S&P Goldman Sachs Commodity Index (GSCI) climbed 10.1% on the year – it was just enough to edge out the S&P 500, which ended 2016 with a 9.5% return. Visualcapitalist.com presented some charts showing changes in mining sector. Winners in ...

Caterpillar agreed with Trimble to boost each other

MINEX Forum | November 4, 2016
img0 Image: mining.com Caterpillar Inc. (NYSE: CAT) and Trimble (NASDAQ: TRMB) are extending their collaboration that will leverage Caterpillar Global Mining’s industry expertise and combine its in-pit operational execution system, CatMineStar, with Trimble’s portfolio of technology-enabled mining information solutions. This expanded collaboration in mining will include product integration and development, marketing, distribution and support of Trimble ...

Rio Tinto researches new technology to extract by-products from bauxite residue

Irina Dorokhova | August 19, 2016
img0 Image: nst.com.my An environmentally friendly method of processing bauxite that turns ore waste products into usable resources could add value to the ore and reduce the mining industry’s environmental footprint, miningjournal reports. North Queensland hosts some of the largest known, but inaccessible, bauxite deposits on earth. University of Queensland researcher Dr Hong Peng is now working ...

AngloGold Ashanti prepares a new technology for everyday drilling in undergrowned mines

MINEX Forum | August 16, 2016
img0 Image: http://www.mining.com/ The innovative Mark IV high-technology machine that AngloGold Ashanti is developing to improve the economics of gold mining in South Africa’s low-height, hard-rock reef is continuing to make progress, AngloGold COO South Africa Chris Sheppard said on Monday. Speaking at Monday’s presentation of half-year results, Sheppard said in response to Mining Weekly Online that the machine ...

New technology generates power using conveyor belt energy

MINEX Forum | August 3, 2016
img0 Image: sanambelts.com Martin Engineering has introduced its new technology that uses kinetic energy from a moving conveyor belt to generate power to run electronic systems within a power station. The Martin Roll Gen System to create a self contained mini power station that allows operators to run electrical monitoring systems and safety mechanisms, australianmining.com.au reported. Operators are ...