US start-up considers mining as the first priority market for wearable devices

MINEX FORUM | February 22, 2017
img0 Image: mining-journal.com The CEO of a Los Angeles start-up sees the mining industry as a “prime” segment of a global enterprise wearables market that could be worth up to US$5 billion within a few years, mining-journal.com reported. Rufus Labs co-founder Gabe Grifoni told Mining Journal the small company was currently engaged in several product trials in the ...

Nordgold to delist its GDRs

MINEX FORUM | February 9, 2017
img0 Nordgold is about to cancel the listing of its Global Depositary Receipts (“GDRs”) from the official list and from trading on the London Stock Exchange, the comapany announced. Despite the strong operating and financial performance and a proven ability to deliver returns to shareholders, enhanced by an extensive GDR buyback programme conducted by Nordgold in ...

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 ...

Medgold Resources Corp. got initial results at its Tlamino Project in Serbia

MINEX FORUM | January 11, 2017
img0 Canadian-based Medgold Resources Corp. (TSX-V: MED) reported that results from recent surface channel sampling at its Tlamino Project in southern Serbia include 40 m of 8.32 g/t Au and 193 g/t Ag. Dan James, President of Medgold, commented: “We’re extremely pleased by these initial results from Serbia. Medgold has been in the country for just over ...

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 ...