Mechel net profits down 40% in the first half of 2017

MINEX FORUM | August 23, 2017
img0 Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and steel group, announces financial results for the 1H2017.   Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The company’s 1H2017 results demonstrated a substantial improvement year-on-year. This became possible due to a positive dynamics in the coking coal market, significant diversification of our steel ...

Swedish companies create 5G technology for mine communication

MINEX FORUM | August 23, 2017
img0 A Swedish research project has showcased that by applying the latest technology within communication and automation, underground mines can become both more efficient and safer. In the PIMM project, Boliden, Ericsson, Telia, Volvo CE, ABB, RISE SICS and LTU have all contributed with their advanced technology and knowledge within digitalization and automation. The companies and ...

The Loch Lomond and Trossachs National Park Planning Authority to revise operation at the Cononish project

MINEX FORUM | August 22, 2017
img0 Image: aboutbritain.com The Loch Lomond and Trossachs National Park Planning Authority has received and validated mining firm Scotgold Resources’ application for a revision of the existing permitted operation at the Cononish gold and silver project in Scotland, said mining-technology.com. The validation marks the beginning of the statutory determination period, with Scotgold hoping for a decision to ...

Prairie Mining approved a spatial development plan for Jan Karski Mine

MINEX FORUM | August 22, 2017
img0 Prairie Mining Limited (“Prairie” or “Company”) announced the formal approval of the spatial development plan (rezoning) for its 100% owned high value ultra-low ash semi-soft coking coal (“SSCC”) Jan Karski Mine in the Lublin Province, south east Poland (“Jan Karski” or “Project”). SPATIAL PLANNING (REZONING) APPROVAL FOR JAN KARSKI Following completion of community consultation and ...

Copper mine production decreased by 3% during the first five months of 2017

MINEX FORUM | August 21, 2017
img0 Global copper mine output was 3% lower year-on-year during the first five months of 2017, according to the latest data from the International Copper Study Group (ICSG). Concentrate production declined by around 2.5% and solvent extraction-electrowinning (SX-EW) declined by around 4.5%? said miningweekly.com. The Lisbon-based think tank attributed the decline in world mine production mainly to a 10%, or 220 000 ...

Metso to split mineral services into two units

MINEX FORUM | August 21, 2017
img0 Finland-based supplier Metso announced Friday its decision to split its mineral services business area, which focus on the aggregates industry, as well as mining and recycling customers, into two separate units: Minerals Services and Minerals Consumables, said mining.com. The changes, which will come into effect at the start of 2018, imply that the new Minerals Services business ...