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 ...

Digital applications are used for safety and productivity in mining

MINEX FORUM | January 10, 2017
img0 Image: mining.com General Electric’s mining division is betting on mining’s growing need for all things digital. Mining.com spoke to Vice President and Global Mining Leader, Scott Phillips, at MINExpo in September. “At surface mines and underground mines you are increasingly seeing operations that are more and more employing digital applications,” says Phillips. “I’ve seen a lot of ...

New ways for expancive low-grade mines

MINEX FORUM | December 29, 2016
img0 Image: mining.com Innovations in mining could one day lead to mines without giant holes in the ground. It sounds simplistic, but innovations in mining — from the development of sensor-driven autonomous mining machines to advances in the microbiology of minerals — promise viable alternatives for miners to operate on a smaller scale, said princegeorgecitizan.com. “If you ...

Nornickel bought the copper concentrate from state stockpiles

MINEX FORUM | December 29, 2016
img0 Image: vestifinance.ru Norilsk Nickel (Nornickel) – one of the world’s largest producers of nickel and palladium – purchased 67.5 billion (US$1.1 billion) roubles worth of copper concentrate from Russian state holding company Rostec. The amount of concentrate was not disclosed but according to Reuters Norilsk’s Polar division produced it during Soviet times, said mining.com. The product was stockpiled ...

The Queensland gov to give $15 million to rescue Glencore’s Mount Isa Mines copper smelter

MINEX FORUM | December 22, 2016
img0 Image: mountisamines.com.au The Queensland Government has made a $15 million offer of support for rebricking of Glencore’s Mount Isa Mines copper smelter. Acting Premier Curtis Pitt said the joint-funding proposal was a way of underpinning the north-west region’s economy to keep local workers on the tools, australianmining.com.au reported. “The offer of a $15 million grant is about ...

Fed rate presses gold

MINEX FORUM | December 16, 2016
img0 Image: imgur.com The long-anticipated interest rate increase by the  has had the predicted impact on gold. The U.S. central bank announced it is raising interest rates by a quarter percentage point, bringing the target range for the federal funds rate to between 0.5% and 0.75%. In a press conference following the decision by the Federal Open Market Committee ...